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Global Maritime Security Market 2016-2020

About Maritime Security

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.

Key vendors
  • 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
Market driver
  • Increasing maritime security concerns
  • For a full, detailed list, view our report
Market challenge
  • High implementation costs
  • For a full, detailed list, view our report
Market trend
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Maritime Security Market 2016-2020

Technavio recognizes the following companies as the key players in the global maritime security market: BAE Systems, Elbit Systems, FLIR Systems, Harris, Northrop Grumman, Raytheon, and SAAB

Other Prominent Vendors in the market are: Boeing, Enterprise Control Systems, Kelvin Hughes, Klein Marine Systems, Kongsberg Gruppen, Safran, SIGNALIS, TERMA, Thales, and Ultra Electronics

Commenting on the report, an analyst from Technavio’s team said: “The growing need to protect marine ports from advanced security threats is leading to an increased adoption of multiple security technologies worldwide across ports, vessels, and harbors. However, the adoption of various security technologies has increased infrastructural complexities. Therefore, the end-users are finding it difficult to manage these technologies. To overcome such challenges, companies opt for converged security technologies, which combine multiple security technologies in a single solution. Since the cost of implementing various security technologies is higher than one converged, the adoption of the same is rapid. Therefore, the convergence of multiple technologies is an emerging trend, which is expected to have a positive impact on the market during the forecast period.”

According to the report, there has been a noticeable expansion in seaborne trade because of the growth in the world economy. The economy of China is growing rapidly, and its GDP per capita is expected to increase substantially during 2016-2020. However, it has been observed that China was the largest contributor in seaborne trade during 2010-2015. The rapid increase in global seaborne trade traffic in recent years have increased the demand for maritime security to provide continuous real-time surveillance of harbor and ports and tracking and tracing information of vessels during the journey.

Further, the report states that despite potential benefits associated with maritime security technologies, certain small ports and harbors are refraining from investing in them due to high maintenance, repair, and upgrade costs. High initial investment is required for the implementation and maintenance of maritime security technologies such as radars, surveillance, warning systems, and detectors. In addition, professional expertise is required for the maintenance of maritime security technologies. However, there is a shortage of workforce well-versed in the field of maintaining maritime technologies. These factors are expected to hinder market growth during the forecast period.

Companies Mentioned

BAE Systems, Elbit Systems, FLIR Systems, Harris, Northrop Grumman, Raytheon, SAAB, Boeing, Enterprise Control Systems, Kelvin Hughes, Klein Marine Systems, Kongsberg Gruppen, Safran, SIGNALIS, TERMA, Thales, Ultra Electronics.

  • Executive summary
    • Key findings
  • Scope of the report
    • Market overview
      • Table Major countries considered in report
    • Major-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • World economic outlook
    • Economic overview
      • Table Global GDP 2010-2015 ($ trillions)
  • PEST analysis
    • Table Global maritime security market: PEST analysis 2015
  • Market developments
    • Table Classes of USVs
    • Cyber attacks in maritime sector
  • Maritime security technologies
    • Technologies used in maritime security
  • Market landscape
    • Market size and forecast
      • Table Global maritime security market 2015-2020 ($ billions)
  • Geographical segmentation
    • Global maritime security market by geography
      • Table Global maritime security market by geography 2015-2020 (% share)
      • Table Global maritime security market by geography 2015-2020 ($ billions)
  • Market drivers
    • Increasing maritime security concerns
    • Rise in international trade by sea
    • High demand for maritime security from emerging countries
  • Impact of drivers
    • Table Impact of drivers
  • Market growth inhibitors
    • High implementation costs
    • Intense competition
    • Technological issues
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Introduction of new technologies
    • Convergence of technologies
    • Increase in investments
  • Five forces model
    • Table Five forces model
  • Vendor landscape
    • Competitive scenario
    • Vendor matrix
      • Table Features of products and geographical presence of vendors
    • Competitive rating
      • Table Competitive rating
    • Description of major vendors
    • Vendor highlights
      • Table Vendor key news
      • Table Major M&As in global maritime security market
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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