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Maritime security is associated with the safety of vessels, ports, and infrastructure-related to maritime shipping business from terrorism, sabotage, or treason. Maritime security provides superior and advance technology for detection of various hazards and communication with all the available officials. It also renders the service, which helps in identification and elimination of the potential threats, including terrorist attacks, business transactional crimes, environmental damages, illegal immigration, and piracy. These threats disturb international business along with creating political turbulence, which makes the maritime security a prime importance.
Rise in need for defense against new emerging threats such as cyber-attack, rapid increase in international trade by sea, and regulatory compliances for trade by maritime. Various rules and regulations are administered for the better integration and regulation of maritime security, which plays important role in coordination of international trade by sea. The technological advancements, and successful integration with new technology such as smart containers, with abilities such as GPS tracking can offer significant growth opportunities for the market. Ungoverned sea regions in various parts of the world may lead to different maritime security concerns across the world
Key vendors are trying to excel the technological advancement for better integration with maritime security. SIGNALIS S.A.S. delivered the first Vessel Traffic Management System (VTMS) to Sri Lanka on April 2014, which lead to better traffic management and improved navigation safety within the port of Colombo and its surroundings.
The maritime security market is segmented on the basis of the service, category, and geography. In terms of category, it is divided into port & critical infrastructure, vessel security, and costal surveillance. Based on service, it is classified into training, risk assessment and investigation, maintained and support, consulting, and others (loss prevention, security management, and counter piracy). By geography, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive analysis and profiles of the major market players such as BAE Systems Inc., Elbit Systems Ltd., Harris Corporation, Honeywell International, Kongsberg Gruppen, Northrop Grumman Corporation, Raytheon Anschutz GmbH, Saab, Leonardo-Finmeccanica, and SIGNALIS S.A.S. is also provided in this report.
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Key Market Segments
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