Maritime Security Market Size 2024-2028 

The maritime security market size is forecast to increase by USD 3.63 billion at a CAGR of 3.2% between 2023 and 2028. The market is driven by escalating marine threats, such as piracy and terrorism, alongside the expansion of the Chinese naval fleet in critical regions, and the increase in maritime traffic in the Arctic Ocean due to melting ice caps. These factors underscore the necessity for security measures to safeguard naval vessels, ports, and maritime infrastructure, thereby fueling the demand for advanced security solutions and technologies in the maritime sector. However, market challenges persist, including the high installation cost of maritime security systems, maritime issues arising due to Brexit-related changes in regulations and trade routes, and the need to comply with stringent maritime security regulations imposed by international bodies and governments.

 Request Free Sample

The market encompasses various solutions aimed at safeguarding warships, seaports, and global freight from potential threats. These threats include illegal immigration, smuggling, pirate attacks, and illegal trafficking in maritime trade. Port infrastructure is a significant concern, requiring advanced surveillance and security systems such as multisensor security cameras and surveillance towers for monitoring and inspection. Proactive procedures, including drone surveillance and coastal situational awareness, are essential for early detection of unauthorized activities and security breaches. Vessel Security relies on advanced technologies like custom electronics and other sensors to ensure the safe transportation of goods. Pirate attacks and illegal fishing are major concerns, necessitating continuous monitoring and screening to maintain security and uphold global regulations.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Type
  • Deepwater security
  • Perimeter security
• Technology
  • Surveillance and tracking
  • Screening and scanning
  • Communications
  • Other systems
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • Japan
  • Middle East and Africa
  • South America

By Type Insights

The deepwater security segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth due to the increasing importance of warships in safeguarding maritime trade routes and securing seaports and port infrastructure. With over 70% of the world's surface being covered by oceans and seas, these waterways have become crucial for global freight transportation and international trade. However, the presence of warships is not just limited to ensuring safe transportation of goods, but also to prevent illegal activities such as smuggling, pirate attacks, and illegal immigration. The South China Sea, a major maritime trade route, has become a hotbed of territorial disputes among countries like Taiwan, Japan, the Philippines, and Singapore, leading to heightened security concerns.

In response, defense authorities are investing in advanced maritime security systems, including multisensor cameras, surveillance towers, and cybersecurity systems, to monitor and inspect vessels in real-time. Moreover, the increasing presence of warships in the region, including INS Imphal, submarines, destroyers, frigates, oilers, submarine tenders, amphibious vehicles, and combat management vessels, is expected to boost the demand for maritime security during the forecast period. These vessels are equipped with advanced technologies such as wideangle and fisheye cameras, thermal cameras, and drone surveillance, to ensure proactive procedures for situational awareness and prevention of terrorism, illegal trafficking, illegal fishing, and monitoring of coastlines.

In conclusion, the market is witnessing a growth in demand due to the increasing importance of securing maritime trade routes, preventing illegal activities, and ensuring the safety of seaports and port infrastructure. With the increasing presence of warships and advanced security technologies, the market is expected to continue its growth trajectory in the coming years.

Get a glance at the market share of various segments Request Free Sample

The deepwater security segment was valued at USD 11.43 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

North America is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions Request Free Sample

The market in North America holds significant potential for growth due to escalating threats of unauthorized activities, security breaches, and transnational crimes in North American waters, particularly in the US. Geopolitical tensions and cybersecurity risks further intensify the need for advanced maritime security solutions. Post-September 11, 2001, attacks, the US Coast Guard, a vital branch of the US Armed Forces, recognized the significance of technologies such as automatic identification systems (AIS) and long-range identification and tracking (LRIT) devices. This recognition led to the enhancement of the country's maritime security infrastructure, resulting in increased adoption of maritime security measures by US ports.

In addition, potential threats to maritime security include armed robbery, irregular crossings, and refugee movements. To mitigate these risks, coastal radar stations, satellite tracking, and vessel tracking systems have become essential components of maritime security. However, resource limitations and the vastness of the sea pose significant challenges. To address these challenges, the integration of advanced radar systems, antennae, and security fencing is crucial. The central Mediterranean, a hotspot for maritime insecurity, has seen an increase in the number of incidents, necessitating the deployment of security measures. Despite these efforts, the threat landscape continues to evolve, necessitating ongoing investment in maritime security technologies and infrastructure.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

The growing marine threats is the key driver of the market. The market is experiencing significant growth due to the increasing risks to coastal security and national sovereignty worldwide. Maritime borders hold crucial significance in national security, global trade, immigration, and emigration. Seaports and port infrastructure are vital components of maritime trade and global freight transportation. However, they are also susceptible to various threats, including illegal immigration, smuggling, pirate attacks, and terrorism. To ensure port security and vessel security, advanced technologies such as multisensor cameras, surveillance towers, cybersecurity systems, and drone surveillance are being employed. Warships, including submarines, destroyers, frigates, oilers, and submarine tenders, are used for coastal surveillance and proactive procedures against pirate attacks and terrorism.

Moreover, maritime security systems are essential for monitoring and inspecting activities in territorial waters, detecting and identifying threats, and carrying out operations for security. These systems utilize various technologies such as fisheye, thermal cameras, wide-angle cameras, and INS Imphal for situational awareness and imagery data analysis. Moreover, the threat of illegal trafficking, terrorism, illegal fishing, and monitoring of coastlines necessitates the implementation of advanced security measures. Combat management systems and screening procedures are being used to enhance security and ensure the safety of maritime trade and transportation. In conclusion, the market is witnessing substantial growth due to the increasing importance of securing maritime borders, seaports, and port infrastructure against various threats. Advanced technologies, warships, and surveillance systems are being employed to ensure vessel security, coastal surveillance, and situational awareness.

Market Trends

An increase in number of new harbors is the upcoming trend in the market. Maritime security is a critical component of economic development, particularly in relation to seaports and international trade. The construction and enhancement of port infrastructure in nations such as India, France, and Sri Lanka have been instigated by increasing public demand. These new harbors will improve ships' access to ports, thereby boosting maritime trade via global freight and transportation routes. However, the growth in maritime commerce also brings challenges, including illegal immigration, smuggling, pirate attacks, and terrorism. Consequently, there is a heightened need for advanced security systems to safeguard ports and vessels. Maritime security systems encompass various technologies, such as warships, multisensor cameras, surveillance towers, and cybersecurity systems.

Additionally, these solutions are essential for vessel security, coastal surveillance, and situational awareness. Warships, including destroyers, frigates, oilers, submarine tenders, and amphibious transports, play a pivotal role in protecting ports and combating threats. Combat management systems and imagery data analysis are also crucial components of effective maritime security. Other technologies, such as fisheye, thermal, and wide-angle cameras, are employed for screening and monitoring. Pirate attacks and illegal trafficking, including terrorism and illegal fishing, necessitate proactive procedures and real-time surveillance. Drones are increasingly used for coastal surveillance to enhance situational awareness and provide early warning systems. In summary, the market is driven by the need to protect seaports, vessels, and coastal areas from various threats.

Similarly, technologies such as warships, multisensor cameras, surveillance towers, cybersecurity systems, and drones are essential components of comprehensive maritime security solutions. These systems enable effective vessel security, coastal surveillance, and situational awareness, ensuring the safety and security of maritime trade and commerce.

Market Challenge

The high installation cost of maritime security systems is a key challenge affecting the market growth. Maritime security is a critical aspect of ensuring the safety and security of warships, seaports, and global freight in the shipping industry. The risks involved in maritime operations include adverse weather conditions, pirate attacks, navigational errors, and capsizing. Additionally, illegal activities such as smuggling, illegal immigration, and terrorism pose significant threats to maritime trade and transportation. To mitigate these risks, advanced technologies and equipment are essential. These include custom electronics, multisensor cameras, surveillance towers, and cybersecurity systems. Warships, such as submarines, destroyers, frigates, oilers, and submarine tenders, are equipped with combat management systems and imagery data for situational awareness. Proactive procedures, like drone surveillance and coastline monitoring, are also crucial for preventing illegal trafficking, terrorism, and illegal fishing.

However, port infrastructure plays a vital role in maritime security, with the implementation of screening technologies and wide-angle, fisheye, and thermal cameras for vessel security. Other technologies, such as INS Imphal and amphibious transport, are used for coastal surveillance and maintaining situational awareness. Pirate attacks remain a persistent threat, necessitating the use of advanced surveillance systems and proactive procedures to ensure the safety of personnel, cargo, machinery, and devices on shipping vessels.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Northrop Grumman Corp. - The company offers major products and services, including integrated battle management systems, weapons systems, mission system sustainment and modernization, information technology services, and intelligence operations. 

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Airbus SE
• BAE Systems Plc
• Elbit Systems Ltd.
• HENSOLDT AG
• Honeywell International Inc.
• Kongsberg Gruppen ASA
• L3Harris Technologies Inc.
• Lockheed Martin Corp.
• MIND TECHNOLOGY INC.
• RTX Corp.
• Saab AB
• Safran SA
• Sonardyne International Ltd.
• SPX Technologies Inc.
• Teledyne Technologies Inc.
• Terma AS
• Thales Group
• The Boeing Co.
• Ultra Electronics Holdings Plc

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Maritime security is a critical aspect of global security, with increasing focus on protecting seaborne trade, infrastructure, and natural resources. The market for maritime security solutions is expanding due to several factors, including the growing volume of international trade, the increasing threat of piracy and terrorism, and the need for regulatory compliance. Maritime security solutions encompass a range of technologies and services, including surveillance systems, communication equipment, naval forces, and training and consulting services. These solutions help prevent unauthorized access to ports and waterways, detect and deter piracy and terrorism, and ensure the safe and efficient movement of goods and people.

Also, the market for maritime security solutions is expected to grow significantly in the coming years, driven by the increasing demand for secure transportation of goods and the need to protect critical infrastructure. Governments and private organizations are investing in advanced technologies and services to enhance maritime security and mitigate risks. Maritime security solutions providers are focusing on innovation and collaboration to meet the evolving needs of the market. They are developing integrated systems that combine multiple technologies and services to provide comprehensive security solutions. Additionally, they are partnering with other organizations to offer end-to-end security solutions that cover the entire supply chain, from the point of origin to the final destination.

In conclusion, the market is a dynamic and growing industry that is essential for ensuring the safety and security of global trade and infrastructure. The market is driven by several factors, including the increasing volume of international trade, the need to protect critical infrastructure, and the evolving threat landscape. Maritime security solutions providers are responding to these challenges by developing innovative and comprehensive solutions that meet the evolving needs of the market.

Request Free Sample

What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch