Press release
Maritime Surveillance Global Market to Reach $37.76 billion by 2029: Underpinned by Increasing Global Trade and Security Concerns
Maritime Surveillance Global Market
Burgeoning Maritime Surveillance Market to Register a CAGR of 9.5% from 2025 to 2029 driven by Increased Commerce Activities.
What Is The Projected Market Size Of The Maritime Surveillance Global Market And Its Growth Rate?
• The maritime surveillance market is exhibiting rapid growth. In 2024, the market size was $24.46 billion which is expected to grow to $26.22 billion in 2025 marking a CAGR of 7.2%.
• The growth in the historic period can be attributed to heightened globalization, security threats, and environmental concerns amongst others.
• The maritime surveillance market is projected to further escalate to $37.76 billion by 2029, with a strong CAGR of 9.5%.
• The forecast period growth drivers include trends such as increased information sharing, commercial sector integration, and geopolitical developments.
What Is Driving The Growth In The Maritime Surveillance Global Market Report 2025?
The maritime surveillance market is seeing an uptick, largely due to the surge in maritime commerce activities. Maritime commerce implies the buying and selling of goods via the marine transport system. The steady increase in maritime commerce activity is reflecting in substantial expansion of the maritime surveillance market, as it includes all procedures necessary for tracking and discerning activities in the marine domain and corresponding fields that impact the maritime environment. For instance, in July 2024, Luxembourg-based government agency Eurostat reported that the gross weight of seaborne goods in the European Union reached 893.97 million tonnes in Q2 2022 compared to 851.28 million tonnes in Q2 2021. Therefore, the escalation in maritime commerce and freight transport activity is propelling the maritime surveillance market.
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Who Are the Key Players Driving Maritime Surveillance Global Market Report 2025 Growth?
• Northrop Grumman Corporation
• Raytheon Technologies Corporation
• Thales Group
• Lockheed Martin Corporation
• Saab AB
• Elbit Systems Ltd.
• Kongsberg Gruppen ASA
• Indra Sistemas S.A.
• Furuno Electric Co. Ltd.
• Bharat Electronics Limited
• And many more prominent players
What Are The Key Trends In The Maritime Surveillance Global Market Report 2025?
Key trends noticed in the forecast period are:
• Collaboration and information sharing
• Adoption by the commercial industry
• Increase in geopolitical tensions
• Growing urgency for environmental protection
• Heightened security concerns
• Surge in global trade
What Are The Segments Of The Global Maritime Surveillance Global Market Report 2025?
• By Component: Sensors, Radar, Automatic Identification System (AIS) Receiver, Software, Other Components
• By Application: Naval, Coast Guard, Other Applications
• By End-User: Defense, Customs, Fisheries, Intelligence, Other End-Users
Which Region Leads The Maritime Surveillance Global Market Report 2025?
Asia-Pacific region held the largest share in the maritime surveillance market in 2024 and is expected to be the fastest-growing region during the forecast period. The regions covered in the maritime surveillance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Maritime Surveillance Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Maritime Surveillance Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Maritime Surveillance Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Maritime Surveillance Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Maritime Surveillance Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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