Emerging Maritime Threats Fuel Growth in the Maritime Security Market: A Key Catalyst Accelerating Global Maritime Security Market Growth in 2025

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What Will the Maritime Security Industry Market Size Be by 2025?
There has been robust growth in the size of the maritime security market in recent years. The market, which was valued at $29.06 billion in 2024, is projected to reach $31.33 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.8%. Factors contributing to growth in the historic period include threats from piracy, terrorist attacks on maritime targets, smuggling, illegal trafficking, maritime disputes, conflicts and an increase in global trade.

What's the Long-Term Growth Forecast for the Maritime Security Market Size Through 2029?
Expectations for the maritime security market point to a consistent growth in the coming years. The market size is projected to increase to $37.59 billion in 2029, featuring a compound annual growth rate (CAGR) of 4.7%. This growth during the forecasted period can be ascribed to the surge in global trade, maritime transport operations, consequences of climate change, cybersecurity risks, geopolitical disputes, and the advent of new maritime threats. The period under forecast also sees a host of trends such as the assimilation of artificial intelligence (AI), the swift uptake of unmanned systems, emphasis on cybersecurity resilience, collaborations and information exchanges on international level, and the incorporation of environmental sustainability.

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What Are the Key Growth Drivers Fueling the Maritime Security Market Expansion?
The growth of the maritime security market is predicted to be fueled by escalating maritime threats. These threats encompass a variety of potential hazards, risks, or unlawful acts that endanger maritime security, navigational safety, or the legal utilization of seas and oceans. Factors such as the proliferation of illicit, unregulated, and unreported (IUU) fishing, and escalating pressure on ports contribute to this. Maritime security serves to safeguard lives, property, commerce, infrastructure, security, and the viability of maritime operations, as well as to foster the well-being of coastal communities and nations. For example, the International Maritime Bureau (IMB), a non-profit organization based in Malaysia, reported a total of 115 incidents of piracy and armed robbery against ships in 2022. As such, the escalating maritime threats are propelling the expansion of the maritime security market.

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What Are the Key Trends Driving Maritime Security Market Growth?
Prominent players in the maritime security market are focusing on novel technological developments such as the Vessel Traffic Management Information System (VTMIS) to improve marine security and efficiency. This advanced technique interconnects and synchronizes all resources in a harbour and marine setting, including radar, CCTV, radios, meteorological systems, and radio direction finders. As an illustration, the American integrated business enabling global logistics trade group, AD Ports Group, in March 2023 introduced a Vessel Traffic Management Information System (VTMIS) throughout its UAE divisions to boost maritime safety. The VTMIS coordinates and connects all resources within a port and marine context, supplying real-time information and promoting direct communication between vessels and the shore. This system is engineered to improve safety, security, and efficiency in managing marine traffic. It operates like a command center for waterways, monitoring ship movements, delivering critical data, and enabling collaboration between different stakeholders.

How Is the Maritime Security Market Segmented?
The maritime securitymarket covered in this report is segmented -

1) By Component: Solution, Service
2) By Security Type Outlook: Port And Critical Infrastructure Security, Vessel Security, Coastal Surveillance
3) By Service: Risk Assessment And Investigation, Consulting, Maintenance And Support, Training, Other Services
4) By Technology: Access Control, Detectors, Geographic Information Systems, Communications, Supervisory Control And Data Acquisition (SCADA), Screening And Scanning, Smart Containers, Surveillance And Tracking, Weather Monitoring

Subsegments:
1) By Solution: Surveillance Systems, Access Control Systems, Cybersecurity Solutions, Intrusion Detection Systems
2) By Service: Consulting Services, Training And Education, Maintenance And Support, Managed Security Services

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Which Companies Are Leading the Charge in Maritime Security Market Innovation?
Major companies operating in the maritime security market are Cobham plc, Rapiscan Systems, Raytheon Technologies, Airbus SE, Lockheed Martin, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems, Safran SA, Thales Group, L3Harris Technologies, Leonardo SpA, Leidos, Motorola Solutions Inc, Booz Allen Hamilton Inc, Elbit Systems, Rheinmetall AG, CACI International Inc, Teledyne Technologies, Macquarie Group Limited, Israel Aerospace Industries (IAI), Saab AB, Palantir Technologies, Cubic Corporation, Smiths Detection, OSI Systems Inc

Which Regions Are Leading the Global Maritime Security Market in Revenue?
Asia-Pacific was the largest region in the maritime security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the maritime security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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