Maritime Security Market Bigger Than Expected | Kongsberg Maritime AS, Leonardo SpA, Lockheed Martin Corporation
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
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Global Maritime Security Market to reach USD 178.76 billion by 2027. Global Maritime Security Market is valued approximately USD 67.79 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9 % over the forecast period 2021-2027. Maritime security is a field in the marine sector, to employ best practices to defend their vessel against both internal and external threats. The threats can come in various forms, and requires a different strategy for a proper defense. Increasing defense budget across different countries and research and development investments in safety equipment has led the adoption of maritime security across the forecast period. Increasing defense budget results in purchase of EO detection systems, underwater acoustic weapon systems, electronic barriers, MIRA Autonomous Control Equipment (MACE) and advanced defense systems. For instance, as per STOCKHOLM INTERNATIONAL PEACE RESEARCH INSTITUTE (SIPRI) Total global military expenditure rose to $1981 billion last year, it is an increase of 2.6 per cent in real terms from 2019. The five biggest spenders in 2020, were the United States, China, India, Russia and the United Kingdom However, economic downturns and unregulated marine regions impede the growth of the market over the forecast period of 2021-2027. Also, with rising need to defend against new emerging threats such as cyber-attacks and the rapid increase in international sea trade, the adoption & demand for maritime security is likely to increase.
Global Maritime Security Market is segmented on the basis of geographical region as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the technology advancement and major defense equipment industry located in this region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as rising military budget and marine boundary disputes between the nation would create profitable growth prospects for the Maritime Security Market across Asia-Pacific region.
Key Segments Studied in the Global Maritime Security Market
Major market player included in this report are:
• Kongsberg Maritime AS
• Leonardo SpA
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Thales Group
• Blue line maritime
• Land security services pvt ltd
• STS maritime security
• Neptune Maritime Security
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
• Screening and Scanning
• Surveillance and Tracking
• Access Control
• Port and Shipyard
• Vessel Security
• Coastal Surveillance
Key Considerations for Market Forecast:
• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates
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Browse market information, tables and figures extent in-depth TOC, The latest independent research document on various market development activities and business strategies such as new product/services development, Joint Ventures, partnerships, mergers and acquisitions, etc. In order to provide a more informed view, a market company profiles include Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin and % Market Share. This report explores market definitions, overview, classification, segmentation, inclusive of market type and applications followed by product specifications, manufacturing initiatives, pricing structures, raw material sourcing and supply chain analysis.
About Data Collection and Research Methodology: Majorly data is collected via primary sources that includes interviews and survey with industry experts from core and related industries, and manufacturers and part suppliers involved in supply chain. Additionally, secondary sources are also utilized like annual reports, whitepapers, press releases etc.
Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
• Market size and growth rate during forecast period.
• Key factors driving the Market.
• Key market trends cracking up the growth of the Market.
• Challenges to market growth.
• Key vendors of Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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• Target Market and Customers: Identifying and prioritizing specific target markets are another key part of your industry analysis where research is crucial. You need to think about demographics and buying behaviors of your customers? How can you best reach them? What kinds of challenges do they have? How do they like to be marketed?
Competitiveness Industry concentration – This is a measure of the number of firms in an industry and the size of the predominant firms in the industry. It indicates the nature of the competition. Identify the most important players in the industry. What percent of the market is controlled by the largest companies (for example, the four largest firms)? What is the market share of each major firm? What is the number of firms over a certain size? Is there a dominant industry leader? Who is it?
Key Points Covered in Maritime Security Market Report: Study Explore COVID 19 Outbreak Impact Analysis
Global Maritime Security Market Research Report
Section 1: Global Maritime Security Industry Overview
Section 2: Global Economic Impact on Maritime Security Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Maritime Security Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Maritime Security Market Forecast
……..and view more in complete table of Contents
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