Global Maritime Anti-Piracy Systems Market 2017-2021

Overview of the global maritime anti-piracy systems market

Research analysis on the global maritime anti-piracy systems market identifies that the increased focus towards the strengthening of maritime security will be one of the major factors that will have a positive impact on the growth of the market. There is an increased preference of water routes as a means of transportation and trade. This leads to increased risks in terms of piracy and related crimes. With piracy becoming a widespread and complex security issue, countries are working together to strengthen their maritime security. They employ advanced anti-piracy systems, such as LRAD, Vehicle-Mounted Active Denial System, and MDS, in their missions. Technavio's market research analysts predict that the global market for maritime anti-piracy systems will grow at a CAGR of more than 2% by 2021.

The increasing deployment of drones for anti-piracy missions is one of the latest trends that will gain traction in this market. These drones can act as deterrents as well as reactionary forces against armed maritime pirates. They have reduced the risk of exposure and can operate in areas that are difficult for humans to reach. The present-day naval drones are equipped with live video feed feature, which enables them to transmit a continuous stream of data, right from threat identification to the potential escalation of force.

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Competitive landscape and key vendors

The market has the presence of many global, regional, and local vendors. The vendors are focusing on in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and strong client base to gain a competitve edge over their competitors. Additionally, they are also focusing on offering integrated solutions that couple multiple functions.

The leading vendors in the market are -

• A.ST.I.M
• CONTROP Precision Technologies
• LRAD
• SAFRAN Group

The other prominent vendors in the market are BAE Systems, Guardian Maritime, Monitor Systems, SentientVision, and ST Electronics.

Segmentation by product type and analysis of the maritime anti-piracy systems market

• Lethal anti- piracy
• Non-lethal anti-piracy weapons

The lethal anti- piracy segment accounted for the major shares of this market. This segment includes guns and rifles and are used in cases where the crew has the need to defend themselves from a potentially lethal attack from pirates. With piracy acts reappearing in the recent years, defense agencies across the globe will focus on procuring more weapons. This will contribute to the growth of this market segment during the forecast period.

Geographical segmentation and analysis of the maritime anti-piracy systems market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the market. Countries in the European Union (EU) have extended their support for anti-piracy missions through multiple programs. The naval forces mainly operate in the Southern Red Sea, the Gulf of Aden, the Indian Ocean, and the Somali Coastal territory.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global maritime anti-piracy systems market?
• What are the key market trends impacting the growth of the global maritime anti-piracy systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global maritime anti-piracy systems market?
• What are the market opportunities and threats faced by the vendors in the global maritime anti-piracy systems market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global maritime anti-piracy systems market?

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