PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1446953
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1446953
According to Stratistics MRC, the Global Maritime Surveillance and Intervention Market is accounted for $21.75 million in 2023 and is expected to reach $40.02 million by 2030 growing at a CAGR of 9.10% during the forecast period. Maritime surveillance and intervention encompass the systematic monitoring and control of activities in the world's oceans, seas, and waterways. This strategic process involves the use of advanced technologies, such as radar, satellites, and unmanned aerial vehicles, to track and analyze maritime traffic, ensuring the safety and security of maritime operations. Intervention includes actions to prevent illegal activities such as piracy, smuggling, and unauthorized border crossings.
According to Maritime Transport 2021 report prepared by United Nations Conference on Trade and Development (UNCTAD), the global commercial shipping fleet, which includes bulk carriers, oil tankers, container ships, general cargo ships, and other types of ships, has reached 2, 134, 640 (thousand dead-weight tons) in 2021, an increased by 3.04% from 2, 071, 638 in 2020.
National security concerns
National security concerns drive the maritime surveillance and intervention market as governments prioritize safeguarding their maritime borders and economic interests. The increasing threats of piracy, smuggling, and terrorism underscore the need for advanced surveillance technologies and rapid intervention capabilities. Governments invest in maritime security solutions to monitor and respond to potential threats, ensuring the protection of vital sea lanes, ports, and offshore assets. The market's growth is propelled by the imperative to counter emerging maritime challenges, thereby enhancing a nation's overall security posture and safeguarding its maritime domain from illicit activities.
Budget constraints
Budget constraints in pose a significant restraint as governments and organizations allocate limited resources to address maritime security challenges. The high costs associated with advanced surveillance technologies, vessel maintenance, and personnel training limit the procurement and implementation of comprehensive maritime security solutions. This constraint may lead to gaps in surveillance coverage, reduced operational capabilities, and delayed upgrades, impacting the effectiveness of intervention measures. Balancing the need for robust maritime security with budget limitations becomes crucial, requiring strategic planning.
Cybersecurity solutions
The market presents a significant opportunity for cybersecurity solutions to safeguard critical infrastructure in the maritime domain. With the increasing reliance on digital technologies for vessel navigation, communication, and cargo management, the sector is vulnerable to cyber threats. Cybersecurity solutions can mitigate risks by protecting against potential cyber-attacks on navigation systems, communication networks, and sensitive data. Ensuring the integrity and confidentiality of maritime data is crucial to preventing unauthorized access and potential disruptions. As maritime activities continue to evolve with advancements in technology, the demand for robust cybersecurity solutions is poised to grow.
Piracy and maritime terrorism
Piracy involves criminal activities such as hijacking and robbery at sea, posing risks to shipping routes and maritime trade. Maritime terrorism, on the other hand, involves intentional acts of violence against maritime targets, posing a significant security concern. The surveillance and intervention market addresses these threats by providing advanced technologies and solutions, including satellite monitoring, unmanned systems, and rapid response capabilities. Governments and private entities invest in these technologies to safeguard maritime interests, ensure safe navigation, and protect against potential economic disruptions caused by unlawful activities at sea.
Lockdowns and travel restrictions have disrupted supply chains and logistics, leading to a heightened need for robust maritime surveillance systems to secure vulnerable sea routes. Governments worldwide are investing in advanced technologies, such as unmanned maritime vehicles and satellite-based monitoring. The pandemic has accelerated the adoption of digital solutions for remote monitoring and intervention, emphasizing the importance of resilient and adaptable maritime surveillance systems in the face of global disruptions. As nations prioritize maritime security to safeguard against emerging threats, the market is expected to witness sustained growth in the post-pandemic era.
The geographic information system segment is expected to be the largest during the forecast period
The Geographic Information System (GIS) segment in the maritime surveillance and intervention market is experiencing robust growth due to its pivotal role in enhancing situational awareness and operational efficiency. GIS technology enables real-time mapping, tracking, and analysis of maritime activities, providing authorities with a comprehensive view of vessel movements and potential threats. The integration of GIS allows for precise geospatial data interpretation, aiding in quick decision-making and effective resource deployment. Furthermore, this growth is driven by the imperative need for advanced technologies to address evolving security challenges in maritime domains globally.
The military segment is expected to have the highest CAGR during the forecast period
The military segment in the maritime surveillance and intervention market is experiencing notable growth due to increasing global security concerns and the strategic importance of maritime domains. Nations are investing significantly in advanced surveillance technologies, such as unmanned aerial vehicles (UAVs), satellite-based monitoring, and integrated sensor systems, to enhance their maritime situational awareness. This growth is driven by the need to counter emerging threats, safeguard territorial waters, and protect vital maritime assets. Additionally, the rising adoption of artificial intelligence and data analytics in military maritime operations further amplifies the effectiveness of surveillance and intervention capabilities.
North America's maritime surveillance and intervention market has experienced significant growth, driven by increasing security concerns, technological advancements, and a growing emphasis on safeguarding maritime assets. The region's heightened focus on border security, counter-terrorism efforts, and the protection of critical infrastructure has spurred investments in cutting-edge surveillance and intervention solutions. The integration of advanced technologies such as radar systems, and satellite-based monitoring has bolstered the region's maritime capabilities. Additionally, collaborations between government agencies and private enterprises have played a pivotal role in enhancing the effectiveness of maritime surveillance and intervention measures in North America.
The Asia-Pacific region has experienced significant growth due to escalating security concerns and increasing maritime activities. Nations in the region are investing heavily in advanced technologies such as radar systems, satellite surveillance, and unmanned aerial vehicles to enhance their maritime domain awareness. The rising threats of piracy, illegal fishing, and territorial disputes have spurred governments to bolster their maritime surveillance capabilities. Additionally, the strategic importance of sea lanes for trade and geopolitical stability further drives the demand for sophisticated intervention and surveillance systems in the Asia-Pacific.
Key players in the market
Some of the key players in Maritime Surveillance and Intervention market include Bharat Electronics Limited, Dassault Aviation SA, Elbit Systems Ltd., Furuno Electric Co., Ltd , Indra Sistemas, S.A. , Kongsberg Gruppen ASA, Naval Group, Raytheon Technologies Corporation, Saab AB and SRT Marine Systems plc.
In December 2023, Dassault Aviation announced that has Dassault Systemes extended its use of the 3DEXPERIENCE platform on a sovereign cloud to optimize the maintenance, repair and overhaul of its fleet of Rafale aircraft for the French Ministry of Armed Forces. The platform's powerful data science and collaboration capabilities enable Dassault Aviation to anticipate MRO issues, optimize maintenance operations and maximize fleet availability by leveraging massive amounts of data related to the design.
In December 2023, Furuno Electric Co. has released its dual-band GNSS receiver chip, eRideOPUS 9, which can achieve 50cm position accuracy without correction data. The product is designed to provide absolute position information and can be used as a reference for lane identification, which is essential for services such as autonomous driving. It also serves as a reference for determining the final self-position through cameras, lidar and HD maps.