Global Maritime Security Market Size, Growth, Industry Trends | Emergen Research

The global maritime security market is poised for significant growth, expanding from an estimated USD 34.91 billion in 2024 to USD 49.49 billion by 2032, at a compound annual growth rate (CAGR) of 4.5%.

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Market Drivers

The increasing volume of global maritime trade, coupled with rising threats such as piracy, smuggling, and geopolitical tensions, is driving the demand for enhanced maritime security measures. Regulatory frameworks, including the International Ship and Port Facility Security (ISPS) Code, mandate stringent security protocols, further bolstering the adoption of advanced security solutions. Additionally, technological advancements in surveillance, monitoring, and communication systems are enabling more effective threat detection and response.

Market Challenges

Despite these advancements, challenges persist in the maritime security market. The high costs associated with implementing comprehensive security systems can be a barrier, particularly for smaller port operators and shipping companies. Moreover, the integration of advanced technologies requires substantial infrastructure investments and skilled personnel. The vast and open nature of maritime environments also poses challenges in maintaining continuous surveillance and rapid response capabilities.

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Segment Insights

The surveillance and tracking segment is expected to hold a significant share of the maritime security market, driven by the need for real-time monitoring of vessel movements and cargo. Advanced radar systems, Automatic Identification Systems (AIS), and Unmanned Aerial Vehicles (UAVs) are increasingly being deployed to enhance situational awareness. The risk assessment and management segment is also anticipated to experience substantial growth, as organizations seek to proactively identify and mitigate potential security threats.

Regional Outlook

Asia-Pacific is projected to be the fastest-growing region in the maritime security market during the forecast period. This growth is attributed to the region's expanding maritime trade activities, territorial disputes, and increasing investments in port infrastructure. Countries such as China, India, and Japan are enhancing their maritime security capabilities to safeguard their economic interests and ensure the safety of sea routes.

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Key Companies

Some of the key companies in the global maritime security market include:

BAE Systems plc
Thales Group
Northrop Grumman Corporation
Honeywell International Inc.
SAAB AB
Kongsberg Gruppen ASA
Elbit Systems Ltd.
FLIR Systems
Harris Corporation
Smiths Group plc

Maritime Security Market Latest Industry Updates

In October 2024, BAE Systems plc launched a new integrated maritime surveillance system, enhancing threat detection and response capabilities for naval forces.
In April 2025, Thales Group announced a strategic partnership with a leading port authority to implement advanced cybersecurity solutions, aiming to protect critical maritime infrastructure from emerging cyber threats.

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Maritime Security Market Segmentation Analysis

By System Type Outlook (Revenue, USD Million; 2024-2032)

Surveillance and Tracking
Detectors
Screening and Scanning
Communications
Others

By Application Outlook (Revenue, USD Million; 2024-2032)

Port and Critical Infrastructure Security
Vessel Security
Coastal Surveillance
Risk Assessment and Management
Others

By Regional Outlook (Revenue, USD Million; 2024-2032)

North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA

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