Maritime Surveillance Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Application (Combat Operations, Surveillance & Tracking, Navigation, Maritime Traffic Management), By End Use, By Region, And Segment Forecasts, 2024 -

Maritime Surveillance Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Application (Combat Operations, Surveillance & Tracking, Navigation, Maritime Traffic Management), By End Use, By Region, And Segment Forecasts, 2024 - 2030

Maritime Surveillance Market Size & Trends

The global maritime surveillance market size was estimated at USD 23.08 billion in 2023 and is expected to expand at a CAGR of 6.7% from 2024 to 2030. The increasing need for national security and the protection of maritime borders is a significant driving factor of the maritime surveillance market. Governments worldwide are investing in advanced surveillance systems to monitor and secure their coastlines against illegal activities such as smuggling, piracy, and unauthorized fishing. In addition, the growing adoption of unmanned aerial vehicles (UAVs) and autonomous underwater vehicles (AUVs) for enhanced maritime domain awareness is also contributing to the market growth.

Technological advancements are transforming the maritime surveillance landscape. The integration of artificial intelligence (AI) and machine learning (ML) is enabling the development of intelligent surveillance systems capable of processing large volumes of data and identifying potential threats with high accuracy. AI-driven analytics are enhancing the capabilities of surveillance systems by automating data analysis and providing actionable insights. In addition, the use of blockchain technology is emerging as a trend in maritime surveillance, offering secure and transparent tracking of vessels and cargo.

Another notable technology trend in maritime surveillance is the deployment of integrated surveillance solutions that combine multiple sensors and data sources. These solutions provide a comprehensive view of maritime activities by fusing data from radar, sonar, satellite imagery, and AIS (Automatic Identification System). The use of big data analytics and cloud computing is also becoming prevalent, enabling the storage, processing, and analysis of vast amounts of surveillance data. This helps in identifying patterns, predicting potential threats, and enhancing decision-making processes.

Regulatory trends are playing a significant role in shaping the maritime surveillance market. International maritime organizations and national regulatory bodies are implementing stringent regulations and guidelines to ensure maritime safety and security. The International Maritime Organization (IMO) has introduced regulations such as the International Ship and Port Facility Security (ISPS) Code, which mandates the implementation of security measures for ships and port facilities. In addition, the European Union's Maritime Security Strategy emphasizes the importance of integrated maritime surveillance for safeguarding European waters.

However, high costs associated with the deployment and maintenance of advanced surveillance systems can be a significant barrier, especially for developing countries with limited budgets. The integration of various surveillance technologies and ensuring interoperability among different systems is another challenge that can affect the efficiency of surveillance operations. In addition, the maritime environment poses unique challenges, such as harsh weather conditions and vast areas to be monitored, which can impact the performance of surveillance systems.

Global Maritime Surveillance Market Report Segmentation

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global maritime surveillance market based on component, application, end use, and region.

• Component Outlook (Revenue, USD Million, 2018 - 2030)
• Solution
• Services
• Application Outlook (Revenue, USD Million, 2018 - 2030)
• Surveillance and Tracking
• Navigation
• Maritime Traffic Management
• Search & Rescue
• Others
• End Use Outlook (Revenue, USD Million, 2018 - 2030)
• Military
• Commercial
• Others
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Middle East & Africa (MEA)
• UAE
• Kingdom of Saudi Arabia (KSA)
• South Africa

Please note The report will be delivered in 4-8 business days upon order notification.