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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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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 -
The other prominent vendors in the market are BAE Systems, Guardian Maritime, Monitor Systems, SentientVision, and ST Electronics.
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.
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.
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This upcoming market research report covers the market for anti-piracy systems, weapons, and technologies that are used to counter pirate attacks. This industry research report on the global maritime anti-piracy market by Technavio is an essential part of the aerospace and defense portfolio and offers insights into the major trends and evolving drivers inducing the growth of the homeland security sector. Our reports also follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions.
Our market research methodologies include vendor analysis, drivers, challenges, and trend analysis. Additionally, an analysis of the market share and market size using statistical models is also carried out to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various defense products and services and offers an all-inclusive picture of the global maritime anti-piracy systems market for the estimated period of 2017-2021.
As per our market research experts, factors such as the increasing deployment of drones for anti-piracy missions may influence the global demand for maritime anti-piracy systems over the next few years. Additionally, to offer clients effective insights into the competitive landscape our report also covers vendors like?LRAD Corporation, Safran, Controp, ST Electronics, Guardian Maritime, Astim, Sentient, and Monitor systems. This upcoming market research report on the maritime anti-piracy systems also identifies the growth prospects of the market across various geographies, including the Americas, EMEA, and APAC.
The upcoming industry report on the global maritime anti-piracy systems market also offers insights into fast-growing segments within the aerospace and defense industry, including sectors like aerospace components and defense technology. Furthermore, this market report also presents insights into the varying competitive landscape to give clients a realistic picture of the future direction of the industry.
Our market research methodology for the maritime anti-piracy systems market
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Appendix
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