Maritime Surveillance market size is projected to reach USD 40.6 billion by 2026 at a CAGR of 9.2% from USD 23 billion in 2021 during the forecast to 2028.
The maritime surveillance is an integrated solutions or software specially designed for maritime safety & security and monitoring, and other applications. It consists of various different components like radars, sensors, cameras, automated identification system (AIS) receiver/transponders, central control rooms, and others. It is a combined solution that led to an enhanced offshore surveillance and maritime situational awareness thus leading to an increase in overall security and reduces risk.
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With the increased awareness about the safety and surge I trade via the sea route and also the security concerns are some of the factors that have supported long-term expansion for Maritime Surveillance Market.
Key Players
· SRT Marine Systems Plc
· Kongsberg
· Raytheon
· Thales Group
· SAAB
· Elbit Systems
· Indra
· Furuno
· TERMA
· Bharat Electronics and More
Regional Analysis
Asia Pacific is expected to be the largest market during the forecast period. With the high maritime activities of the Asian nations along with the increased disputes over the Indian ocean have led to the expansion of market in the region.
Recent Developments
In February 2020, Bharat electronics which is renowned Indian maritime surveillance team has added five command and control centres along with 38 radar systems.
In November 2019, Indra Sistemas S.A. has announced its successful testing of its European maritime operations centre prototype.
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Maritime Surveillance Market is segmented into application, component, type and geography.
On the basis of Application
· Naval
· Coast Guard
· Others
On the basis of Component
· Radar
· Sensors
· AIS Receiver/Transponder
· Others
On the basis of Type
· Surveillance & Tracking
· Detectors
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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