0

Maritime Surveillance Market Expected to Reach $37.5 Billion by 2033

 
2022
Maritime Surveillance Market

Report Code : A05889

quote The global maritime surveillance market is primarily driven by increasing piracy and illegal activities, rise in geopolitical tensions and territorial disputes, technological advancement. However, the high cost and regulatory challenges hamper the market growth. Conversely, surge in government investment, and integration of advance technologies such as AI and machine learning with maritime surveillance technologies provides lucrative prospects for key market players during the forecast period. quote

Sneha Kamble- Lead Analyst
Aerospace & Defense

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “maritime surveillance market" was valued at $18.7 billion in 2023, and is projected to reach $37.5 billion by 2033, growing at a CAGR of 7.3% from 2024 to 2033.

The growth in global trade and shipping activities has heightened the need for robust maritime surveillance systems to ensure safe and efficient operations. The expansion of port infrastructure and shipping routes, particularly in the Asia-Pacific region, has further driven demand. Rising concerns over maritime security, including piracy, smuggling, illegal fishing, and terrorism, have led to increased investments in surveillance technologies. Governments and maritime authorities are prioritizing the protection of territorial waters and Exclusive Economic Zones (EEZs) .

Innovations in satellite technology, unmanned aerial vehicles (UAVs) , and advanced radar systems have enhanced the capabilities of maritime surveillance systems. These technologies provide better coverage, higher resolution, and more accurate data, making surveillance more effective and efficient. Growing awareness of environmental issues such as pollution, oil spills, and climate change has spurred the need for continuous monitoring of marine environments. Surveillance systems are essential for tracking and managing environmental impact and compliance with international regulations.

Governments worldwide are implementing stricter maritime regulations and investing in surveillance infrastructure to ensure compliance and enhance maritime safety. International collaborations and agreements, such as the International Maritime Organization (IMO) regulations, also drive market growth. Artificial Intelligence (AI) and Machine Learning (ML) are increasingly being integrated into maritime surveillance systems. These technologies enable real-time data analysis, anomaly detection, and predictive analytics, improving the accuracy and efficiency of surveillance operations.

The deployment of unmanned systems, including drones and unmanned surface vessels (USVs) , is on the rise. These systems offer cost-effective and flexible solutions for monitoring large areas, especially in remote and difficult-to-access regions. The use of satellite imagery and satellite-based AIS (Automatic Identification System) is becoming more prevalent. Satellites provide wide-area coverage and can monitor vast ocean areas, contributing to enhanced situational awareness and timely response to incidents.

There is an increasing trend towards collaboration and information sharing among various stakeholders, including governments, international organizations, and private entities. Collaborative platforms and networks are being developed to facilitate the exchange of data and intelligence, thereby enhancing overall maritime security. With maritime surveillance systems becoming more interconnected and reliant on digital technologies, cybersecurity has become a critical concern. Efforts are underway to develop and implement robust cybersecurity measures to protect against cyber threats and ensure the integrity of these systems.

In addition, sustainable practices are gaining importance in the maritime industry, leading to the design of surveillance systems that minimize environmental impact by reducing emissions from surveillance vessels and promoting the use of renewable energy sources.

KEY FINDINGS OF THE STUDY

•              By application, the naval segment is anticipated to exhibit significant growth in the near future.

•              By component, the AIS Receiver/Transponder segment is anticipated to exhibit significant growth in the near future.

•              By type, the detectors segment is anticipated to exhibit significant growth in the near future.

•              By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global Maritime surveillance market include BAE Systems, Northrop Grumman Corporation, Saab AB, Boeing, General Dynamics Corporation, Raytheon Company, Leonardo S.p.A, Thales Group, FACC AG., Lockheed Martin, Krartos, Baykar, and Sukhoi.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Maritime Surveillance Market by Application (Naval, Coast Guard, Others) , by Component (Radar, Sensors, AIS Receiver/Transponder, Others) by Type (Surveillance & Tracking, Detector, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 

Buy Full Version
"Maritime Surveillance Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers