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The Global Maritime Surveillance Market size is estimated to grow by USD 1.47 billion between 2022 and 2027, accelerating at a CAGR of 3.65% during the forecast period. The market is driven by various factors, including the escalating marine threats worldwide, heightened maritime traffic in the Arctic Ocean due to melting ice caps, and an increasing emphasis on enhancing safety in marine transportation. As maritime security concerns continue to rise, the demand for advanced surveillance solutions grows, bolstering the market's expansion. Additionally, technological advancements in surveillance systems play a pivotal role in addressing evolving maritime security challenges, further propelling market growth.
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The market provides robust solutions against maritime threats such as terrorism, piracy, and sabotage. It offers fully-managed safety services with advanced small target detection capabilities to safeguard vessels and ports. Manufacturers specialize in maritime surveillance systems, focusing on the surveillance and tracking segment. Utilizing coastal surveillance technologies, these systems ensure maritime safety and deter unlawful acts at sea. With a keen eye on detecting pirates and preventing attacks on vessels, the market plays a crucial role in protecting maritime assets and maintaining security across international waters, supporting global trade and safe navigation for all stakeholders involved.
This market trends and analysis report extensively covers market segmentation by component (sensors, radar, AIS receiver, and software and others), end-user (defense, customs, fisheries, intelligence, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. In the sensor segment of the market, cutting-edge technologies bolster maritime safety and security. Coastal surveillance systems like Automatic Identification System (AIS) and Closed Circuit Television (CCTV) monitor vessels and ports, thwarting piracy and unlawful acts. These systems, coupled with tracking software, provide real-time data to combat maritime threats swiftly. Fully-managed safety services ensure comprehensive surveillance, safeguarding international trade routes and shipping infrastructure. With a focus on rapid response and risk mitigation, advanced sensors play a pivotal role in protecting global sea trade from criminal activities.
The sensors segment will account for a major share of the market's growth during the forecast period. Sensors are used in a variety of maritime applications such as hydraulic cylinder position measurement, marine machinery condition monitoring, crane and deck hoist load measurement, and tank pressure measurement. Key benefits of sensors include near-lossless transmission, increased sensitivity during data collection, and continuous real-time analysis.
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The sensor segment was valued at USD 2.92 billion in 2017 and continued to grow until 2021. The increasing use of smart sensors to transmit data to land will benefit the shipping industry. Digitizing data management will help the shipping industry make its services and processes onshore more efficient and secure. By using sensors and linking them to analytics, companies can extract external information such as cargo and weather information, and combine it with propulsion and vessel process-related information. All these factors are expected to have a positive impact on the sensors segment of the market during the forecast period.
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North America is estimated to contribute 33% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. In North America, the US is a major market for marine surveillance. The US states that the strongest factor contributing to the growth of the marine surveillance market is the large number of Americans participating in water-related recreational activities. The US and Canada are the two major markets for marine surveillance in North America. In addition, intuitive marine technology makes the boat easier to operate. Growing demands for maritime security in the United States are expected to boost the demand for marine surveillance during the forecast period.
The market addresses critical concerns surrounding maritime threats, including piracy and terrorism. Leveraging technologies like Automatic Identification System (AIS) and Closed Circuit Television (CCTV), businesses deploy fully-managed safety services with small target detection capabilities. This market serves diverse applications, from naval to coastguard operations, utilizing radar, sensors, and transponders. With a focus on surveillance and tracking, tracking software aids in monitoring vessels, ports, and shipping infrastructure. As criminal activities persist, the import and export of raw materials support the manufacturing of advanced maritime surveillance systems, safeguarding global sea trade against potential threats.
The growing marine threats are the main driving force of the market. Maritime borders play an important role in national security, territorial integrity, global trade, immigration, and migration. For many countries with long coastlines, patrolling territorial water areas with state-of-the-art flying platforms is of increasing importance. Marine surveillance systems are highly effective in detecting and identifying threats and conducting security operations.
For instance, the oil rigs in the Gulf of Guinea in Western Africa are highly vulnerable to the threat of piracy. The region has witnessed about six such instances of piracy since 2007. Also, pirate groups operating in the region often resort to violent and extreme measures. The integration of the maritime surveillance system helps in sending information about marine threats. Thus, growing marine threats are expected to drive the market during the forecast period.
The expansion of the Chinese naval fleet in critical regions is the key market trend. Since the Chinese president announced in 2012 that China would become a maritime power, China has focused on expanding its naval fleet. The expansion of China's naval fleet has emboldened the country to assert dominance in key regions such as the disputed South China Sea and the Indian Ocean.
Furthermore, China is also aggressively deploying naval ships in the Indian Ocean, which is a concern for India. This has resulted in the active monitoring of the presence of the People Liberation Army Navy (PLAN) by the Indian Navy through its mission-based deployments. Thus, the aggressive expansion of its naval fleet in critical regions is likely to augment the growth of the global market growth and trends during the forecast period.
The issues related to privacy is the main challenge hindering the market growth. Ocean surveillance is used to prevent and detect crime, but its use can lead to privacy concerns. Public surveillance systems can cover private areas such as homes and offices without the owner's consent, leading to an invasion of privacy. People's privacy is a fundamental right and the use of surveillance systems can violate it. As a result, the line between legitimate surveillance and intrusion blurs.
Additionally, street and store surveillance can be used for voyeurism, which can lead to women being spied on and sexually harassed. Hence, violations of people's moral and constitutional rights are expected to pose significant challenges to the growth of the global market during the forecast period.
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.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
BAE Systems Plc, Elbit Systems Ltd., Furuno Electric Co. Ltd., HENSOLDT AG, Honeywell International Inc., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., MIND TECHNOLOGY INC., Northrop Grumman Systems Corp., Raytheon Technologies Corp., Saab AB, Safran SA, Sonardyne International Ltd., SRT Marine Systems Plc, Teledyne Technologies Inc., Terma AS, Thales Group, and The Boeing Co.
This market growth analysis report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market is vital for ensuring maritime safety and combating various threats in the marine industry. Coastal surveillance technologies, including semaphore techniques and advanced detection techniques, play a crucial role in monitoring maritime activities and detecting unlawful acts such as sabotage. To address challenges like trade restrictions and port closures, governments invest in real-time onshore surveillance and underwater surveillance systems. Technological proliferation facilitates communication through radio and satellite communication systems, enabling efficient coordination among coastguards and sea marshals. Digital technologies are revolutionizing shipping logistics, leading to smarter ships and improved supply chain management. As consumer demand grows and environmental concerns increase, the adoption of maritime surveillance technologies becomes paramount for safeguarding global trade and marine industries.
The market is indispensable in safeguarding ports and maritime transport against various threats inherent in international trade. Advanced technologies like radio communication systems enable efficient communication among seafarers and port authorities, crucial for maintaining smooth supply chains. However, challenges such as raw material shortages, ocean blank sailings, and equipment and labor shortages pose significant constraints on maritime operations. Additionally, reduced working hours and crew changes, exacerbated by closed borders and airport limitations, further strain maritime transport capacity. Despite these challenges, the global market continues to evolve, playing a vital role in ensuring the safety and security of trade flows and the well-being of seafarers worldwide.
Maritime terrorism and maritime piracy pose significant threats to global maritime security. Fully-managed maritime safety services offer comprehensive solutions, including small target detection capabilities, to address these challenges effectively. By employing advanced technologies and surveillance systems, these services enhance maritime situational awareness and enable early threat detection, safeguarding vessels, infrastructure, and seafarers. Embracing such innovative solutions is essential for countering maritime security risks and maintaining stability in the maritime domain.
The market forecasting report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Market Report Coverage |
Details |
Page number |
190 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.65% |
Market growth 2023-2027 |
USD 1.47 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
2.94 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 33% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Airbus SE, BAE Systems Plc, Elbit Systems Ltd., Furuno Electric Co. Ltd., HENSOLDT AG, Honeywell International Inc., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., MIND TECHNOLOGY INC., Northrop Grumman Systems Corp., Raytheon Technologies Corp., Saab AB, Safran SA, Sonardyne International Ltd., SRT Marine Systems Plc, Teledyne Technologies Inc., Terma AS, Thales Group, and The Boeing Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market growth and forecasting 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Component
8 Market Segmentation by End-user
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Vendor Landscape
13 Vendor Analysis
14 Appendix
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