Maritime Security Market to 2027- Global Analysis and Forecasts by Technology Type, Services, Application, End-User and Geography

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The maritime security is an umbrella term in the marine industry encompassing national security, marine environment, human security, and economic development. It comprises of essential safety measures to overcome regional and international challenges to the maritime domain. These challenges are related to the safety of ports, infrastructure, and vessel, and crimes such as terrorism, sabotage, piracy, and illegal immigration. Such activities hamper routine maritime activities, international businesses, and create political turbulence. Maritime security hence becomes of prime importance for the identification and elimination of these political threats.

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Some of the leading players in global market:

1.Airbus S.A.S.
2.BAE Systems
3.Elbit Systems Ltd.
4.Harris Corporation
5.Honeywell International Inc.
6.Kongsberg Group
7.Leonardo S.p.A.
8.Northrop Grumman Corporation
9.Raytheon Anschütz GmbH
10.Saab AB

The maritime security market is anticipated to grow in the forecast period owing to driving factors such as global acceleration of trade and freight transportation activities by sea coupled with regulatory compliances and standards for trade by maritime. Defense activities against cyber-attacks and other such emerging threats further boost the growth of the maritime security market. However, a lack of uniformity in technology standards and solutions hamper the growth of the maritime security market. Nonetheless, untapped regional markets of developing nations offer lucrative opportunities for the key players operating in the maritime security market during the forecast period.

The global maritime security market is segmented on the basis of technology type, services, application, and end-user. Based on technology type, the market is segmented as surveillance and tracking, screening and scanning, detectors, weather monitoring, geographic information system, communication, and others. By services, the market is segmented as training, consulting, maintenance and support, risk assessment and investigation, and others. On the basis of the application the market is segmented as port and critical infrastructure security, coastal surveillance, and vessel security. The market on the basis of the end-user is classified as military, coast guards, government agencies, and others.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global maritime security market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The maritime security market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting maritime security market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the maritime security market in these regions.

The reports cover key developments in the maritime security market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from maritime security market are anticipated to lucrative growth opportunities in the future with the rising demand for maritime security in the global market. Below mentioned is the list of few companies engaged in the maritime security market.

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