Global Maritime Surveillance Market Size study & Forecast, by Application (Naval, Coast Guard, Others) by Component (Radar, Sensors, AIS Receiver/Transponder, Others), by Type (Surveillance & Tracking, Detectors, Others) and Regional Analysis, 2022-2029

Global Maritime Surveillance Market Size study & Forecast, by Application (Naval, Coast Guard, Others) by Component (Radar, Sensors, AIS Receiver/Transponder, Others), by Type (Surveillance & Tracking, Detectors, Others) and Regional Analysis, 2022-2029

Global Maritime Surveillance Market is valued approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. The maritime surveillance includes high-end integrated systems or software for coastal safety & security and surveillance, and other applications. It is a part that consists of numerous radars, sensors, cameras, AIS receiver/transponders, central command rooms, and other devices. This integrative system enhances marine situational awareness and offshore surveillance, as well as overall security and risk. The main application of maritime surveillance as a monitoring system for offshore. The key factors driving the market growth is rising maritime safety awareness and growing trade and freight transport activities by sea, that support the market growth during forecast period. The maritime surveillance system integrates radar, AIS, and satellite communication solutions throughout the extended network using dynamic structure and core technologies. Companies are investing in and put into place policies related to maritime safety as a result of the expectation for security and protection across the marine industry. for instance, a new Industry Specifications Group on a European Common Information Sharing Environment Service and Data (ISG CDM) Model was established by ETSI. Data exchange between various marine legacy systems is allowed under this ETSI group to enhance maritime tactical awareness at sea.

The rising trade and freight transport activities by sea will create the lucrative demand for the maritime surveillance and support the market growth. As per the International Maritime Organization, over 90% of world trade is conducted through the maritime network. This is causing several Asian maritime nations to invest more quickly in big port construction and expansion projects. In the forthcoming years, this will increase demand for scanning, screening, and surveillance systems. Additionally, rising government investment and military spending in maritime surveillance is anticipated to create the lucrative opportunity for the market during forecast period. However, the high integration and maintenance cost stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Maritime Surveillance Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the increasing deployment of advanced maritime surveillance systems to provide enhanced protection for maritime operations. Whereas, Asia Pacific is also anticipated to exhibit highest growth rate over the forecast period, owing to factors such as rising maritime activities in developing region such as India, China, and Japan would create lucrative growth prospects for the Maritime Surveillance market across Asia Pacific region.

Major market player included in this report are:
Yaltes (Turkey)
Indra Sistemas, S.A. (Spain)
Raytheon Technologies Corporation (The U.S.)
Saab AB (Sweden)
Elbit Systems Ltd. (Israel)
Furuno Electric Co., Ltd. (Japan)
Bharat Electronics Limited (Bengaluru)
Dassault Aviation SA (France)
Naval Group (France)
Kongsberg Gruppen ASA (Norway)

Recent Developments in the Market:
In Feb. 2020, Bangalore based Bharat Electronics Limited added 5 commands and control (CC) centres and 38 radar stations along coastline for the Indian marine corps to enhance maritime security.

Global Maritime Surveillance Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Component, Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Application:
Naval
Coast Guard
Others
By Component:
Radar
Sensors
AIS Receiver/Transponder
Others
By Type:
Surveillance & Tracking
Detectors
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned
Yaltes (Turkey)
Indra Sistemas, S.A. (Spain)
Raytheon Technologies Corporation (The U.S.)
Saab AB (Sweden)
Elbit Systems Ltd. (Israel)
Furuno Electric Co., Ltd. (Japan)
Bharat Electronics Limited (Bengaluru)
Dassault Aviation SA (France)
Naval Group (France)
Kongsberg Gruppen ASA (Norway)

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