Maritime Surveillance and Intervention Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Maritime Surveillance and Intervention Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Maritime Surveillance And Intervention Market

The maritime surveillance and intervention market size was valued at USD 19.94 billion in 2022 , and the market is now projected to grow from USD 22.18 billion in 2023 to USD 35.87 billion by 2030, exhibiting a CAGR of 7.1% during the forecast period of 2023-2030.

The COVID-19 pandemic disrupted maritime operations, prompting improved use of UAVs for surveillance through coastguards. Lockdowns halted marine sports, main to a surge in shoreline monitoring via unmanned aerial cars. Coastguards applied UAVs to implement rules and locate lockdown violators along coastlines. This heightened demand for maritime surveillance UAVs aimed to reinforce coastline security and protection. The pandemic inadvertently expanded the adoption of UAVs in maritime surveillance sports.

The growing maritime traffic and alternate globally have heightened the need for maritime safety and safety features. With a rise in ocean crimes like piracy and smuggling, there is a growing call for for Maritime Surveillance and Intervention (MSI) solutions. These answers help prevent illegal sports including unlawful immigration and terrorism, bolstering oceanic safety. The adoption of MSI solutions is further bolstered via international strain and concerns over terrorist threats, using increase inside the Marine Surveillance and Intervention marketplace.

The growing use of robot generation is riding the development of superior self reliant underwater vehicles (AUVs) and underwater intervention motors for maritime surveillance. These robotic vehicles offer more advantageous surveillance capabilities with first rate cameras, superior sensors, and laser profilers. The trend toward robotic technology adoption is raising maritime surveillance to a brand new level all through the forecast period.

Comprehensive Analysis of Maritime Surveillance And Intervention Market

The maritime surveillance and intervention market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by component analysis, by Application Analysis, by end user analysis .By component analysis include,product and software. By application analysis include, surveillance and tracking, navigation, Maritime traffic management, search and rescue, and others. By end user analysis include military, commercial, and civil.

TheNorth America region lead the maritime surveillance and intervention market share by benefitting a market size of USD 2.16 billion in 2022 due to the rising deployment of advanced maritime surveillance systems to deliver enhanced protection for coastline operations.

The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Indra Sistemas, S.A. (Spain),Raytheon Technologies Corporation (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) ,SRT Marine Systems plc (U.K.) these market players provide a level-playing competitive landscape.

In April 2023, DP World Southampton extends contract with Mitie for security services at UK deepwater container terminals, making sure compliance with ISPS and MSD policies for two more years.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 7.1% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Component, Application, End-user, and Geography

By Component

Product

Software

By Application

Surveillance and Tracking

Navigation

Maritime traffic management

Search & Rescue

Others

By End-user

Military

Commercial

Civil

North America (By Component, Application, End-user, and Country)

- U.S. (By End User)

- Canada (By End User)

Europe (By Component, Application, End-user , and Country)

- U.K. (By End User)

- Germany (By End User)

- France (By End User)

- Russia (By End User)

- Greece (By End User)

- Norway (By End User)

- Rest of Europe (By End User)

Asia Pacific (By Component, Application, End-user, and Country)

- China (By End User)

- Japan (By End User)

- India (By End User)

- South Korea (By End User)

- Rest of Asia Pacific (By End User)

Rest of the World (By Component, Application, End-user, and Country)

- Middle East & Africa (By End User)

- Latin America (By End User)


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