Maritime security is related to the protection of ports and harbors, coastal facilities, vessels, and port critical infrastructure from sabotage and terrorism. It includes advanced technologies to detect hazards and communicate with marine authorities to combat potential threats. Maritime activities continue to broaden beyond the international transport of goods, fishing and aquaculture, recreation and tourism, and extraction of non-renewable marine-based resources. The maritime industry is facing a number of serious threats — such as terrorist attacks, environmental destruction, illegal seaborne immigration, transactional crimes, and piracy — that not only disrupt international trade but also cause political unrest, making the adoption of maritime security crucial for marine authorities.
Technavio’s analysts forecast the global maritime security market to grow at a CAGR of 6.27% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global maritime security market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of maritime security solutions.
The market is divided into the following segments based on geography:
- APAC - Europe - MEA - North America - South America
Technavio's report, Global Maritime Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- BAE Systems - Elbit Systems - FLIR Systems - Harris - Northrop Grumman - Raytheon - SAAB
Other prominent vendors
- Boeing - Enterprise Control Systems - Kelvin Hughes - Klein Marine Systems - Kongsberg Gruppen - Safran - SIGNALIS - TERMA - Thales Group - Ultra Electronics
- Increasing maritime security concerns - For a full, detailed list, view our report
- High implementation costs - For a full, detailed list, view our report
- Introduction of new technologies - For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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