Maritime Security Market is Forecasted to Reach US$ 35.7 Billion in 2028, Says Stratview Research

The global maritime security market is projected to witness a growth rate of 5.9% annually from 2022 to 2028 with an anticipated size of US$ 35.7 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global maritime security market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 35.7 billion
Growth (CAGR): 5.9% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Maritime Security Market:

The global maritime security market is segmented based on component type, security type, application type, system type, end-user type, and region.

Based on system type - The system segment is segmented into ship security reporting system, automatic identification system, global maritime distress safety system, longer-range tracking and identification system, vessel monitoring and management system, and others. In the upcoming years, there will likely be an increased need for marine safety systems with tiny target detection capabilities to help authorities effectively monitor criminal operations, including illegal immigration, smuggling, illicit fishing, drug trafficking, piracy, and terrorism.

To know the most attractive segments, click here:
https://stratviewresearch.com/2947/maritime-security-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to dominate the market, while the Asia Pacific region is projected to experience the highest CAGR during the forecast period. This growth outlook is majorly attributed to the following-

• Rapid modernization and technological advancements in various sectors have resulted in a high rate of maritime security.
Concurrently, the maritime security market in the Asia Pacific is anticipated to expand at the highest CAGR during the forecast period. The main economies in this region are emphasizing modernizing their existing military systems, which is driving the growth of the Asia Pacific maritime security market.

Maritime Security Market Drivers:

Some of the key drivers listed in the report are given below.

• Due to the rise in marine risks, including piracy, sabotage, and other illegal activities, and the significance of international maritime trade, maritime safety has become vital.
• Rise in interest in marine security and geopolitical relations

Top Companies in the Maritime Security Market:

Stratview Research has identified the following companies as the top market players.
• BAE Systems (UK)
• ESC Global Security (Estonia)
• Elbit Systems Ltd (Israel)
• Harris Corporation (US)
• Honeywell International Inc. (US)
• Kongsberg Maritime AS (Norway)
• Leonardo SpA (Italy)
• Lockheed Martin Corporation (US)
• Northrop Grumman Corporation (US)
• Raytheon Company (US)
• Saab AB (Sweden)
• Signalis (France)
• Sonardyne (UK)
• TERMA (Denmark)
• Thales Group (France)
• Westminster International Ltd (UK)

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Maritime Security Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.