Emerging Maritime Surveillance Market Trends: Innovative Product Launches Propel The Maritime Surveillance Market Forward Shaping the Future of the Industry

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Maritime Surveillance Market Size Growth Forecast: What to Expect by 2025?
The size of the maritime surveillance market has seen robust growth in recent times. We can expect it to expand from a market value of $24.46 billion in 2024 to reach $26.22 billion by 2025, displaying a compound annual growth rate (CAGR) of 7.2%. The historic period's growth can be tied back to factors such as enhanced globalization, escalating security threats, rising environmental concerns, adoption by the commercial industry, and increased collaboration and cooperation.

How Will the Maritime Surveillance Market Size Evolve and Grow by 2029?
The scale of the maritime surveillance market is projected to witness significant expansion in the near future, reaching an estimated "$37.76 billion by 2029, with a compound annual growth rate (CAGR) of 9.5%. Factors contributing to the growth during the forecasted timeline include data amalgamation and information dissemination, integration of commercial sectors, prevailing geopolitical circumstances, environmental issues and security obstacles. Key trends expected within this period encompass cooperation and information exchange, commercial sector uptake, geopolitical conflicts, environmental conservation, security apprehensions, and a rise in global commerce.

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What Drivers Are Propelling the Growth of Maritime Surveillance Market Forward?
The maritime surveillance market is projected to expand due to the anticipated rise in maritime commerce activity. Maritime commerce involves the marine transport system's trade in goods. This growth in commerce activity is augmenting the maritime surveillance market since it involves all processes necessary for identifying, monitoring, and understanding actions in the marine area and other fields that impact the maritime environment. For example, Eurostat, a government entity based in Luxembourg, reported in July 2024 that the overall weight of goods transported by sea in the European Union escalated to 893.97 million tonnes in Q2 2022, an increase from 851.28 million tonnes in Q2 2021. Consequently, the increase in maritime commerce and freight transportation activity is fuelling the growth of the maritime surveillance market.

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Which Emerging Trends Are Transforming the Maritime Surveillance Market in 2025?
Innovation is a major trend in the maritime surveillance market, with companies investing in next-generation solutions. In May 2023, Finland-based Image Soft launched the third-generation UNWAS system, a distributed sensor network using passive hydrophones and new digital software to detect underwater and surface threats in complex acoustic environments.

What Are the Key Segments in the Maritime Surveillance Market?
The maritime surveillance market covered in this report is segmented -

1) By Component: Sensors, Radar, Automatic Identification System (AIS) Receiver, Software, Other Components
2) By Application: Naval, Coast Guard, Other Applications
3) By End-User: Defense, Customs, Fisheries, Intelligence, Other End-Users

Subsegments:
1) By Sensors: Optical Sensors, Infrared Sensors, Acoustic Sensors, Other Sensors
2) By Radar: Ground-Based Radar, Airborne Radar, Shipborne Radar
3) By Automatic Identification System (AIS) Receiver: Class A AIS Receiver, Class B AIS Receiver
4) By Software: Surveillance Software, Analytics Software, Integration Software
5) By Other Components: Communication Systems, Data Processing Units, Power Supply Systems

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Who Are the Key Players Shaping the Maritime Surveillance Market's Competitive Landscape?
Major companies operating in the maritime surveillance market include 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, SRT Marine Systems plc, Terma A/S, Smiths Group plc, Westminster Group plc, OSI Maritime Systems Ltd., Safran SA, Sonardyne International Ltd., Hensoldt AG, Honeywell International Inc., L3Harris Technologies Inc., Mind Technology Inc., General Dynamics Corporation, BAE Systems plc, Leonardo SpA, FLIR Systems Inc., Israel Aerospace Industries Ltd., Teledyne Technologies Incorporated, CONTROP Precision Technologies Ltd., Kelvin Hughes Limited, Navico Holding AS, Harris Corporation, Pole Star Space Applications Ltd., Inmarsat plc, Orbcomm Inc., Iridium Communications Inc., Speedcast International Limited, Marlink AS, Intelsat SA, SES SA, Viasat Inc.

What Geographic Markets Are Powering Growth in the Maritime Surveillance Market?
Asia-Pacific was the largest region in the maritime surveillance market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global maritime surveillance market report 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, Africa

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