Maritime Surveillance and Intervention Market Trends, New Opportunities And Forecast By 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Maritime Surveillance and Intervention Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $43.29 billion In 2028 At A CAGR Of 10.5% :

The maritime surveillance and intervention market size has grown rapidly in recent years. It will grow from $26.18 billion in 2023 to $29.06 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to maritime security concerns, illegal activities and piracy, national defense initiatives, search and rescue operations, environmental monitoring.

The maritime surveillance and intervention market size is expected to see rapid growth in the next few years. It will grow to $43.29 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to geopolitical tensions, emerging threats, humanitarian assistance, technological innovations adoption, international collaborations.. Major trends in the forecast period include adoption of blockchain for maritime data security, development of autonomous underwater vehicles, focus on counter-drone technologies for maritime security, introduction of high-frequency radar systems, collaboration and information sharing among maritime nations.

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Maritime Surveillance and Intervention Market Major Segments
The maritime surveillance and intervention market market covered in this report is segmented -
1) By System: Detectors, Combat Management System, Surveillance and Tracking, Geographic Information System (GIS)
2) By Services: Risk Assessment and Investigation, Maintenance and Support, Security Management
3) By Application: Naval, Coast Guard, Other Applications

Key Driver - Surge In Sea Trade And Freight Activities Fueling Maritime Surveillance And Intervention Market

The rising trade and freight activities by sea are expected to propel maritime surveillance and intervention market growth going forward. Maritime trade refers to the use of ships to move commodities by sea. The lower emissions on long voyages and transportation costs assist producers in adopting sea route for long haul feet. Sea transport is more cost-effective and environmentally friendly than other methods of transporting commodities long distances as it hails many products handled in a single journey. Due to such benefits of sea-borne trade, there is an increase in the demand for maritime surveillance and intervention to ensure an adequate response to any emergent maritime safety or security scenario. For instance, according to Maritime Transport 2021 report prepared by United Nations Conference on Trade and Development (UNCTAD), the global commercial shipping fleet, which includes bulk carriers, oil tankers, container ships, general cargo ships, and other types of ships, has reached 2, 134, 640 (thousand dead-weight tons) in 2021, an increased by 3.04% from 2, 071, 638 in 2020. Therefore, rising trade and freight activities by sea will drive the maritime surveillance and intervention market.

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Prominent Trend - Technological Advancements Transform The Maritime Surveillance And Intervention Market

Advancement in technology is a key trend gaining popularity in the maritime surveillance and intervention market. Major players operating in maritime surveillance and intervention are focused on developing technologically advanced solutions such as enabling artificial intelligence, big data analytics, IoT, digital route management, surveillance satellite, and autonomous control system to strengthen their market position. For instance, in July 2021, Elecnor Deimos, a Spain-based aerospace and defense company, launched a Neptune CubeSat, a maritime surveillance satellite. This Elecnor Deimos satellite is entirely dedicated to marine surveillance that uses cutting-edge technologies such as 3D printing, the usage of new materials such as ULTEM®, artificial intelligence, and intelligent sensorisation. It has advanced information technology capable of assessing millions of data collected by ground stations using artificial intelligence technology.

Maritime Surveillance and Intervention Market Players
Major companies operating in the maritime surveillance and intervention market market report are Indra Sistemas S.A., Saab Aktiebolag, Raytheon Technologies Corporation, Elbit Systems Limited, Furuno Electric Company Limited, SRT Marine Systems Public Limited Company, Kongsberg Gruppen ASA, Neptune Maritime Security Limited, Securewest International Limited, Dassault Aviation S.A., Naval Group, Hart Maritime Ltd., Seagull Maritime Security Ltd., Solace Global Maritime, Maritime/Air Systems & Technologies, Navantia S.A. Empresa Nacional Bazán de Construcción Naval Militar, Austal Limited, Damen Shipyards Group N.V., Huntington Ingalls Industries Inc., Mitsubishi Heavy Industries Ltd., Samsung Heavy Industries Co. Ltd., Hyundai Heavy Industries Co. Ltd., China Shipbuilding Industry Corporation, Bharat Electronics Limited, Larsen & Toubro Limited, Rolta India Limited, Zen Technologies Limited, Safran Electronics & Defense, ThalesRaytheonSystems, Airbus Defence and Space

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Largest And Fastest Growing Region In The Market
North America was the largest region in the maritime surveillance and intervention market share in 2023. The regions covered in the maritime surveillance and intervention market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Maritime Surveillance and Intervention Market Report Structure
3. Maritime Surveillance and Intervention Market Trends And Strategies
4. Maritime Surveillance and Intervention Market - Macro Economic Scenario
5. Maritime Surveillance and Intervention Market Size And Growth
…..
27. Maritime Surveillance and Intervention Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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