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Maritime Security Market by Threats and Vulnerabilities and Geography - Forecast and Analysis 2020-2024

  • Published: Sep 2020
  • Pages: 120
  • SKU: IRTNTR45275
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The maritime security market has the potential to grow by USD 2.06 billion during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 2.03%.

This maritime security market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by threats and vulnerabilities (deepwater security and perimeter security) and geography (North America, Europe, APAC, MEA, and South America). The maritime security market report also offers information on several market vendors, including BAE Systems Plc, Elbit Systems Ltd., FLIR Systems Inc., Kongsberg Gruppen ASA, Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, Terma Group, Thales Group, and Ultra Electronics Holdings Plc among others.

What will the Maritime Security Market Size be in 2020?

Maritime-Security-Market-Market-Size-2019-2024

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Maritime Security Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing marine threats is notably driving the maritime security market growth, although factors such as high implementation costs may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the maritime security market get your FREE report sample now.

This maritime security market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Maritime Security Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BAE Systems Plc
  • Elbit Systems Ltd.
  • FLIR Systems Inc.
  • Kongsberg Gruppen ASA
  • Northrop Grumman Corp.
  • Raytheon Technologies Corp.
  • Saab AB
  • Terma Group
  • Thales Group
  • Ultra Electronics Holdings Plc

 

The maritime security market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the maritime security market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Maritime Security Market?

Maritime-Security-Market-Market-Share-by-Region-2019-2024

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36% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for maritime security in APAC. 

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Threats and Vulnerabilities Segments in the Maritime Security Market?

Maritime-Security-Market-Market-Share-by-Threats and Vulnerabilities-2019-2024

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The maritime security market share growth by the deepwater security segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2020-2024 and embrace technologies to improve business efficiency.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the maritime security market size.

 

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What are the Key Factors Covered in this Maritime Security Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive maritime security market growth during the next five years
  • Precise estimation of the maritime security market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the maritime security market across North America, Europe, APAC, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of maritime security market vendors

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Maritime Security Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 2%

Market growth 2020-2024

$ 2.06 billion

Market structure

Fragmented

YoY growth (%)

-2.03

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

APAC at 36%

Key consumer countries

US, China, UK, Germany, Japan, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BAE Systems Plc, Elbit Systems Ltd., FLIR Systems Inc., Kongsberg Gruppen ASA, Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, Terma Group, Thales Group, and Ultra Electronics Holdings Plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Threats and vulnerabilities

    • Market segments
    • Comparison by threats and vulnerabilities
    • Deepwater security - Market size and forecast 2019-2024
    • Perimeter security - Market size and forecast 2019-2024
    • Market opportunity by threats and vulnerabilities

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2019-2024
    • Europe - Market size and forecast 2019-2024
    • APAC - Market size and forecast 2019-2024
    • MEA - Market size and forecast 2019-2024
    • South America - Market size and forecast 2019-2024
    • Key leading countries
    • Market opportunity by geography
    • Market drivers – Demand led growth
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • BAE Systems Plc
    • Elbit Systems Ltd.
    • FLIR Systems Inc.
    • Kongsberg Gruppen ASA
    • Northrop Grumman Corp.
    • Raytheon Technologies Corp.
    • Saab AB
    • Terma Group
    • Thales Group
    • Ultra Electronics Holdings Plc

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The maritime security market market growth will increase by $2068.12 million during 2019-2024.
    The maritime security market market is expected to grow at a CAGR of 2.03% during 2019-2024.
    Technavio has segmented the maritime security market market by other1 (Deepwater security and Perimeter security) and geographic (North America, Europe, APAC, MEA, and South America).
    BAE Systems Plc, Elbit Systems Ltd., FLIR Systems Inc., Kongsberg Gruppen ASA, Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, Terma Group, Thales Group, Ultra Electronics Holdings Plc are a few of the key vendors in the maritime security market market.
    APAC will register the highest growth rate of 35.79% among the other regions. Therefore, the maritime security market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the maritime security market market growth are:
    • Growing marine threats
    The maritime security market market vendors should focus on grabbing business opportunities from the deepwater security segment as it accounted for the largest market share in the base year.
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