Maritime Security Market in North America 2015-2019
About maritime security
Maritime security refers to security of marine ports, vessels, and facilities. The need for marine port security is on the rise because of growing number of terrorist attacks and criminal activities such as piracy, terrorism, and sabotage.Marine security includes implementation of physical and cyber securities in port premises. Since marine ports facilitate trade between countries and continents, the need for maritime security is crucial. Radars, marine surveillance, SCADA, AIS, LRIT, smart container technology, detectors, and network and cyber security are the major types of security applications provided in marine ports.
Technavio's analysts forecast the maritime security market in North America to grow at a CAGR of 7.23% over the period 2014-2019.
Covered in this report
The report covers the present scenario and growth prospects of the maritime security market in North America for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of maritime security applications.The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors in the market. Major drivers that influence the growth of the market are also discussed in the report. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Technavio's report, Maritime Security Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America; it also covers the landscape of the maritime security market in North America and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Maritime Security Market in North America 2015-2019
Technavio recognizes the following companies as the key players in the maritime security market in North America: BAE Systems, General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon and Safran
Other Prominent Vendors in the market are: Accenture, AeroVironment, Boeing, Bruker, DRS Technologies, Elbit Systems, Flir Systems, GE Aviation, General Atomics Aeronautical Systems, IBM, James Fisher and Sons, L-3 Communications, Motorola Solutions, Rapiscan Systems, Siemens, Textron Marine and Land Systems, Thales Group and Unisys
Commenting on the report, an analyst from Technavio’s team said: “Continuous advances in technology in this market have led to an increase in the maritime security applications in marine ports. Thus, the vendors have developed applications that deliver high-quality output to customers. With rapid advances in technology, customer preferences are also changing, resulting in the development of advanced and highly accurate security applications. Therefore, end-users can completely rely on the products.”
According to the report, with an increase in the number of security attacks, issues, and threats, the adoption of maritime security applications to curb security breaches has increased to a great extent. Also, stringent regulations have been passed by governments to secure border crossings, which will help improve security in the region. These regulations help in providing enhanced security by curbing anti-social activities. Thus, the increased adoption of maritime surveillance devices and radars are expected to secure ports and support the market growth during the forecast period.
Further, the report states that some organizations prefer developing in-house security applications rather than opting for security applications because of these high implementation costs, which affects the revenue of the market.
BAE Systems, General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon, Safran, Accenture, AeroVironment, Boeing, Bruker, DRS Technologies, Elbit Systems, Flir Systems, GE Aviation, General Atomics Aeronautical Systems, IBM, James Fisher and Sons, L-3 Communications, Motorola Solutions, Rapiscan Systems, Siemens, Textron Marine and Land Systems, Thales Group, Unisys
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