At a CAGR of 7.99%, Global Maritime Security Market to grow over Forecast 2015-2019

Albany, NY, Feb 22, 2017: Maritime security agencies protect the nation from illegal activities and threats, such as smuggling, drug trafficking, piracy at sea, human trafficking, and maritime terrorism. These agencies provide security to ports and marine traffic. Increase in maritime terrorist activities, such as the Mumbai attack in 2008 and rise in piracy in the Gulf of Aden, has raised concerns about the need to secure ports, and modernise weaponry and equipment utilized by maritime security agencies.

The global maritime security market to grow at a CAGR of 7.99% over the period 2014-2019. The report includes the present scenario and growth prospects of the global maritime security market for the period 2015-2019. The market can be segmented into three: ISR systems, communication systems, and biometrics.

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Technavio's report, Global Maritime Security Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global maritime security market and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.

Key regions
- Americas
- APAC
- EMEA

Key vendors
- AgustaWestland
- FLIR Systems
- Lockheed Martin
- Northrop Grumman
- Thales Group

Other prominent vendors
- AAI
- BAE Systems
- General Dynamics
- Skybox Imaging

Market driver
- Growing demand for small satellites
- For a full, detailed list, view our report

Market challenge
- Increased concerns regarding maritime threats
- For a full, detailed list, view our report

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Key questions answered in this report:-
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?

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