Global Maritime Security Systems Industry Market by Categories (Port and Critical Infrastructure Security, Vessel Security & Coastal Surveillance), By Threat and Vulnerabilities (Deep Water Security, Perimeter Security & Others), by End Users (Military, Government Agencies, Coast Guards & Others) and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)” Global Maritime Security Systems Industry Market was valued at US$ 19Bn in 2017 and is expected to reach US$ 31Bn by 2026, at a CAGR of 6.31% during a forecast period.
Major driving factors of the market are sea level is rising, and the rise in sea level will continue beyond the year 2100, to secure seaports and other critical infrastructure facilities are some of the most complex and demanding security applications. Maritime security systems industry solutions often include many miles of perimeter, harbor facilities with pleasure, cargo and coast guard watercraft coming and going, dock workers loading, unloading and moving cargo, tourists boarding and disembarking cruise ships, on-shore storage and production facilities and many other functions. Critical infrastructure such as water and food supply, transportation roadways, tunnels and bridges, energy storage, generation and transportation and other vital elements of modern society are often targets of activists, terrorists and other would-be saboteurs. These extremely diverse environments present unique challenges and complex technical requirements, Geographical area and nature threats will act as a restraint to the market.
Port and Critical Infrastructure Security segment is leading the Maritime Security Systems Industry Market.
Port and Critical Infrastructure Security segment is expected to hold the largest share in the market during the forecast period due to Ports are a major example of hubs’ need for modernization, including city-port relations and the smart urban development of Port Cities, cyber-attacks are becoming a daily problem that show how the public sector and private sector have to create synergies to provide a safer and secure conditions. SCADA (supervisory control and data acquisition) systems are representing a serious threat to the infrastructure protection. In End User, Government Agencies segment is also expected to lead the market growth.
Asia pacific is the leading regional market for Maritime Security Systems Industry Market.
Asia pacific is expected to hold the largest share in the market during the forecast period owing to increased maritime security sector, Asia Pacific is projected to lead global growth through 2022, In Southeast Asia developing countries depend on tourism as a main driver of economic growth. Sea-lanes through the South China Sea account for $5 trillion in trade every year’s and expected to grow further in future. Asia Pacific economies like
China and India. Corvettes are set to account for the largest share of spending at 25.7%, in relation to other market segments of destroyers, frigates, aircraft carriers and amphibious ships the rising demand of Maritime Security Systems Industries will play a big part in this. India and China are forecast to be the two fastest-growing markets in Asia Pacific for vehicles production.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are SAAB AB, Kelvin Hughes, Neptune Maritime Security, FLIR Systems, Hart international, Thales Group, Zeal GMS Ltd., ESC Global Security, Honeywell International Inc., Harris Corporation, Selex ES Inc, Northrop Grumman Corporation, Elbit Systems Ltd., BAE Systems Inc., Westminster Group PLC, Sonardyne International Ltd., Kongsberg Gruppen ASA, Signalis GmbH and Terma A/S.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Maritime Security Systems Industry Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Maritime Security Systems Industry Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Maritime Security Systems Industry Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “ Global Maritime Security Systems Industry Market ”.
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, VadgaonBk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607065656