Maritime Security Market Global Industry Analysis By Leading Companies 2018 : Northrop Grumman, Elbit, Honeywell, SAAB, Raytheon, Harris, BAE, FLIR, Kongsberg Gruppen and Others

Global Maritime Security Market by Systems (Screening & Tracking, Detectors, Access Control, Communication, and Surveillance), by Categories (Port & Shipyard, Vessel Security, and Coastal Surveillance), and by Geography - Forecast To 2021

Market Synopsis of Maritime Security Market:

The global maritime security market is expected to grow at a CAGR of around 9%. With the growing incident of piracy and trade of illegal goods, the operators have started integrating small satellites to track maritime vessels. Increasing demand of unmanned underwater vehicles, underwater acoustic weapons, integration of state of the technology such as electro-optic (EO) detection systems, virtual fence, and integrated security systems to protect maritime assets are the factors driving the market.

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Americas is the leading region in maritime security market with around 50% of market share as of 2015, followed by EMEA and Asia Pacific. APAC region will outpace EMEA in terms of sales during the forecast period and will grow at a healthy CAGR of around 10% through 2021.

Industry/ Innovation/ Related News:

January 2018 –

SAAB Company is expanding its activities related to defence and security in Finland and established a development centre.

January 2018 –

The United States Navy signed a contract with BAE Systems for modernization of guided missile destroyers USS Oscar Austin and USS Howards.

December 2017 –

Applied Composites AB (ACAB) was acquired by SAAB. This acquisition is expected to provide technologies for development of ground combat weapon system and advanced radomes.

December 2017 –

United States Army security forces Assistance Brigades (SFABs) selected the Harris Corporation for the reliability and combat proven communications systems.

June 4, 2015-

Launches of NATO ISR aircraft, a broad-area long-endurance unmanned aerial system used in a variety of ISR missions, which includes border security, troop support, and crisis management.

Key Companies :

The leading market players in the global maritime security market primarily include Northrop Grumman, Elbit Systems, Honeywell International, SAAB, Raytheon Anschütz GmbH, Harris Corporation, BAE Systems, FLIR Systems, Selex Es, and Kongsberg Gruppen.

Maritime Security Market – Competitive Analysis

The global maritime security market is highly competitive. The Companies in this market compete based on cost, quality, reliability, and aftermarket services. To survive and succeed in such an intensely competitive environment, it is crucial for the companies to provide cost-effective and high-quality services.

Companies have to focus on global footprint network, in house manufacturing capabilities, product offerings, investment in R&D, and a strong client base, to gain an edge over competitors. Global economic recovery, R&D, and investments by the industry players provide opportunities for defence industry players to compete and grow.

The market is continuously meeting the demand from maritime customers for automation, persistent surveillance, and tracking of targets. The function of surveillance radar is to detect small targets on the ocean surface. The use of these radars were crucial during the Cold War between the U.S. and Russia, when the U.S. Navy needed to detect the small targets such as Russian periscopes.

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Maritime Security Market – Segments

For the convenience of the report and enhanced understanding; the Maritime Security market is segmented in to three key dynamics.

Segmentation by Systems: Screening & Tracking, Detectors, Access Control, Communication, and Surveillance

Segmentation by Categories: Port & Shipyard, Vessel Security, and Coastal Surveillance.

Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Maritime Security Market – Regional Analysis

North America has the largest market share for maritime security system. The demand for special equipment in maritime security is continuously increasing due to the rise of illegal activities through the sea. For instance, the terrorist attacks in Mumbai in November 2011 led the maritime security agencies across the world to modernize their equipment.
The maritime disputes in the South China Sea have led many countries such as Vietnam, Philippines, Brunei, Malaysia, and Indonesia to deploy small satellites for the tracking of maritime vessels. In the annual ASEAN Defense Ministers Meeting (ADDM), these nations decided to deploy a constellation of satellites, which will frequently generate images of the Southeast Asia waterways.

High movement of goods, legal rules and regulations, and the threats on the seaborne activities majorly reflect the need for giving security in the maritime sector. Due to this reason, the governments around the worlds have shown there major interest in securing their domestic as well as neutral waters. The EU Maritime Security Strategy Action Plan, U.K. National Strategy for Maritime Security and Asia-Pacific Maritime Security Strategy are offered by the secretary of State for Defense, Council of European Union, and the Department of Defense of the U.S. respectively, in order to secure security.

All the strategies keep on getting updated so as to maintain the changing threat and risk scenario, presenting demand for a much strong security structure.

Scope Of Report

The market report for Maritime Security of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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