Maritime Surveillance Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Germany, UK, Japan - Size and Forecast 2024-2028

Maritime Surveillance Market Size 2024-2028

The maritime surveillance market size is forecast to increase by USD 1.32 billion at a CAGR of 3.2% between 2023 and 2028. The market is experiencing significant growth due to the increasing marine threats, such as piracy, smuggling, and terrorism, which necessitate strong surveillance systems, including video surveillance. Another major driver is the expansion of naval fleets, particularly in critical regions, necessitating advanced maritime surveillance capabilities. However, the high installation cost of maritime surveillance systems poses a significant challenge to maritime surveillance market growth. These systems require significant capital investment for hardware, software, and maintenance, making them a substantial financial commitment for governments and organizations. Despite this challenge, the market is expected to continue growing as the need for effective maritime security solutions becomes increasingly urgent.

What will be the Size of the Maritime Surveillance Market During the Forecast Period?

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The market is driven by the increasing need for ensuring maritime safety and security, particularly in ports and coastal areas. With the rise in maritime threats such as piracy, sabotage, unlawful acts, maritime terrorism, and attacks on vessels, there is a growing demand for advanced coastal surveillance technologies. These technologies help collect data on criminal activities and potential threats to people, businesses, and international trade on the sea. Maritime piracy remains a significant concern, with pirates continuing to target vessels and cargo in various regions. The sea is a vast and unpredictable environment, making effective maritime surveillance essential for maintaining security and preventing potential disruptions to international trade.

Maritime safety and security are crucial for protecting lives and livelihoods, and the market for maritime surveillance technologies and maritime information is expected to grow as businesses and governments invest in advanced solutions to mitigate risks and ensure the safe and efficient movement of goods and people on the sea.

Maritime Surveillance Market Segmentation

The maritime surveillance 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.

• Component
  • Sensors
  • Radar
  • AIS receiver
  • Others
• End-user
  • Defense
  • Customs
  • Fisheries
  • Intelligence
  • Others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • Japan
  • Middle East and Africa
  • South America

By Component Insights

The sensors segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth due to the increasing global trade, with a focus on ensuring the safety and security of commercial fishing, cruise ships, and passengers at sea. Digital technologies are revolutionizing shipping logistics by making ships smarter through the integration of marine management software, inventory data, electronic invoices, and automation. These advancements enable effective information sharing between fleets, major ports, waterways, maritime authorities, and maritime rescue coordination centers. Digitalization is transforming the marine industries, with the adoption of AI, blockchain, IoT, and radar and sonar systems for detection of incidents, situational awareness, and maritime terrorism and piracy prevention.

The flow of information is crucial for maritime safety standards, enabling real-time incident management and maritime rescue coordination. Communications between vessels, maritime authorities, and businesses are essential for maintaining maritime safety and maritime security and reducing the time and money spent on manual processes. In conclusion, the market is witnessing a digital transformation, with a focus on effective information sharing, maritime safety standards, and incident management. Radar, sonar, AI, blockchain, IoT, and automation are key technologies driving this transformation, enabling businesses to mitigate risks, enhance situational awareness, and ensure the safety and security of passengers, vessels, and the environment.

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The sensors segment was valued at USD 2.99 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 36% 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 maritime surveillance market during the forecast period.

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The market is witnessing significant growth due to the increasing global trade, with commercial fishing and cruise ships being major contributors. Digital technologies are revolutionizing maritime industries by enabling smarter ships and optimizing shipping logistics. The integration of marine management software, inventory data, electronic invoices, and effective information sharing is leading to time and money savings. Digitalization is transforming the sector through the adoption of AI, blockchain, IoT, automation, and communications. Major ports and waterways are implementing advanced surveillance systems, including radar and sonar, to ensure maritime safety standards and effective incident management. Maritime authorities and rescue coordination centers are leveraging these technologies for situational awareness and detection of incidents related to maritime terrorism, piracy, and attacks on vessels.

The use of digital technologies is also essential for maritime safety, as it enables real-time monitoring of pirates and other threats to passengers and cargo. The flow of information between businesses and maritime authorities is crucial for efficient supply chain management and incident response. Digitalization is enabling effective communication and data collection, leading to improved situational awareness and incident management. The adoption of digital technologies is expected to continue, with the potential to revolutionize the maritime industry and enhance its overall efficiency and sustainability.

Our maritime surveillance market 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.

Maritime Surveillance Market Driver

The growing marine threats is the key driver of maritime surveillance market growth. The market is experiencing significant growth due to the increasing need for securing coastal regions and ensuring territorial integrity. With global sea trade, immigration, and emigration being major activities along coastlines, the importance of maintaining security in these areas cannot be overstated. Advanced maritime surveillance systems are essential for detecting and identifying potential threats, including illegal activities such as piracy, smuggling, and criminal acts. These systems employ various technologies like underwater detection sensors, combat management systems, and live video streaming for real-time monitoring. For instance, oil rigs in the Gulf of Guinea face the risk of piracy attacks, making advanced surveillance systems crucial for their protection.

Furthermore, the use of tracking software, sensors, and artificial structures facilitates the monitoring of travelers, remote workers, animal life, and law enforcement processes. Coastguards, Navy, and multi-purpose vessels (MPV) are key users of these systems for maintaining security and enforcing regulations.

Maritime Surveillance Market Trends

The expansion of Chinese naval fleet in critical regions is the upcoming trend in the market. The market is experiencing significant growth due to the increasing illegal activities and criminal actions in the global sea trade routes. China's aggressive expansion of its naval fleet, with the aim of becoming a maritime superpower, is a major concern for various countries, particularly in regions with disputed waters such as the South China Sea and the Indian Ocean. This has led to an increased focus on maritime surveillance systems for tracking the presence of naval vessels, including those of the People's Liberation Army Navy (PLAN). Elbit Systems Sweden is one of the key players in the market, providing advanced solutions for underwater detection, combat management systems, and live video streaming.

Their offerings are essential for law enforcement processes and coastguard operations to ensure the safety of travelers, remote workers, and animal life in these critical regions. Multi-purpose vessels (MPV) and navy ships are equipped with advanced sensors and tracking software to monitor and prevent criminal activities. Additionally, these systems are crucial for detecting and monitoring artificial structures and ensuring the protection of global sea trade.

Maritime Surveillance Market Challenge

High installation cost of maritime surveillance systems is key challenge affecting maritime surveillance market growth. Maritime surveillance plays a crucial role in ensuring the safety and security of global sea trade by detecting and preventing illegal activities such as piracy, smuggling, and criminal activities. Elbit Systems Sweden offers advanced maritime surveillance solutions, including combat management systems and multi-purpose vessels (MPV) equipped with underwater detection sensors, live video streaming, and imagery data processing capabilities. These technologies enable real-time monitoring of coastal waters, artificial structures, animal life, and traveling employees or remote workers. Law enforcement agencies and coastguards utilize such systems to streamline their processes, enhance situational awareness, and respond effectively to potential threats. The high costs of repairing, maintaining, and upgrading these sophisticated systems can be a barrier for smaller ports and harbors.

However, the benefits of maritime surveillance, such as protecting cargo, machinery, and devices on vessels from theft and damage, far outweigh the costs. The Navy also relies on these technologies for effective fleet management and mission success.

Customer Landscape

The maritime surveillance 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 maritime surveillance market research and growth 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.

Airbus SE: The company provides advanced maritime surveillance solutions through the utilization of OceanFinder software.

The maritime surveillance market trends and forecasting report includes detailed analyses of the competitive landscape of the market and information about key 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 Corp.
• RTX Corp.
• Saab AB
• Safran SA
• Sonardyne International Ltd.
• SRT Marine Systems Plc
• Teledyne Technologies Inc.
• Terma AS
• Thales Group
• The Boeing Co.

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

The maritime surveillance market is driven by the growing need for ensuring maritime safety and security, particularly in ports and coastal areas. Maritime threats such as piracy, sabotage, and unlawful acts pose significant risks to international trade and the transportation of raw materials and finished goods by sea. Advanced technologies, including semaphore techniques, radio communication systems, and satellite communication systems, are being employed to enhance maritime patrol capabilities and enable real-time onshore surveillance. Underwater surveillance is also gaining importance to detect and prevent threats that may originate from the seabed. The maritime transport industry faces several challenges, including trade restrictions, raw material shortages, ocean blank sailings, port closures, reduced working hours, equipment shortages, labor shortages, and transport capacity constraints.

These obstacles have increased the demand for effective maritime surveillance solutions to maintain the flow of trade and ensure the safety of people and assets at sea. Coast guards and sea marshals are utilizing advanced technologies to patrol the seas and prevent maritime crimes. However, the proliferation of these technologies and the increasing complexity of maritime communication systems can pose challenges to effective implementation and coordination. The employment of seafarers and crew changes also require careful consideration in the context of closed borders and restricted travel. The maritime surveillance market is experiencing significant growth due to technological proliferation and the need for enhanced security and safety in the maritime domain. Detection techniques, such as advanced vessel traffic services (VTS) and integrated traffic management systems, are being employed to monitor trade flows and ensure the safety of shipping and tracking information.

Automatic identification system (AIS) is a crucial technology used for identifying and tracking vessels, while closed circuit television (CCTV) and fully managed maritime safety services provide real-time monitoring and response capabilities. The market also caters to the needs of airports and planes, offering travel risk management (TRM) solutions to ensure safe and secure travel. Maritime surveillance systems play a vital role in law enforcement processes, enabling small target detection capability and facilitating effective response to potential threats. However, it is essential to consider the environmental impact of these systems and ensure their implementation aligns with sustainable practices. Employment contracts for maritime surveillance personnel must also adhere to international labor standards. Overall, the maritime surveillance market offers innovative solutions to address the complex challenges of securing our waters and ensuring safe and efficient trade flows.

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What are the Key Data Covered in this Maritime Surveillance Market Research 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

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