NEW
YORK, July 12, 2024 /PRNewswire/ -- The
global maritime surveillance market size is estimated to
grow by USD 1.48 billion from
2023-2027, according to Technavio. The market is estimated to grow
at a CAGR of 3.65% during the forecast period. Growing
marine threats is driving market growth, with a trend
towards expansion of chinese naval fleet in critical regions.
However, high installation cost of maritime surveillance
systems poses a challenge. Key market players include Airbus
SE, BAE Systems Plc, Elbit Systems Ltd., Furuno Electric Co. Ltd.,
HENSOLDT AG, Honeywell International Inc., Kongsberg Gruppen ASA,
L3Harris Technologies Inc., Lockheed Martin Corp., MIND TECHNOLOGY
INC., Northrop Grumman Systems Corp., Raytheon Technologies Corp.,
Saab AB, Safran SA, Sonardyne International Ltd., SRT Marine
Systems Plc, Teledyne Technologies Inc., Terma AS, Thales Group,
and The Boeing Co..
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Maritime
Surveillance Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2022
|
Historic
period
|
2017 - 2021
|
Forecast
period
|
2023-2027
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
3.65%
|
Market growth
2023-2027
|
USD 1.48
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
2.94
|
Regional
analysis
|
North America, Europe,
APAC, Middle East and Africa, and South America
|
Performing market
contribution
|
North America at
33%
|
Key
countries
|
US, China, Japan,
Germany, and UK
|
Key companies
profiled
|
Airbus SE, BAE Systems
Plc, Elbit Systems Ltd., Furuno Electric Co. Ltd., HENSOLDT AG,
Honeywell International Inc., Kongsberg Gruppen ASA, L3Harris
Technologies Inc., Lockheed Martin Corp., MIND TECHNOLOGY INC.,
Northrop Grumman Systems Corp., Raytheon Technologies Corp., Saab
AB, Safran SA, Sonardyne International Ltd., SRT Marine Systems
Plc, Teledyne Technologies Inc., Terma AS, Thales Group, and The
Boeing Co.
|
Market Driver
China's commitment to expanding
its naval fleet, as declared by its President in 2012 with the aim
of making China a maritime
superpower, has led to heightened surveillance activities in
critical regions, such as the South China Sea and the Indian Ocean.
This expansion has raised concerns for neighboring countries like
India, resulting in increased
naval presence and monitoring through mission-based deployments.
The People's Liberation Army Navy (PLAN) is now a significant focus
for global maritime surveillance, with advanced technologies like
satellite communication systems, underwater surveillance, and
real-time onshore surveillance being employed to detect potential
threats, including piracy, sabotage, and unlawful acts. This
geopolitical tension, coupled with trade restrictions, raw material
shortages, and labor shortages, is expected to fuel the growth of
the global maritime surveillance market, with a focus on advanced
technologies, such as digital communication systems, crew changes,
and equipment shortages, during the forecast period. Additionally,
the increasing presence of commercial fishing vessels, cruise
ships, and passenger vessels in international waters necessitates
the need for robust maritime surveillance systems to ensure safety
and security.
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Market Challenges
- Maritime surveillance plays a crucial role in ensuring the
safety and security of global sea trade by mitigating various
operational risks. These risks include mechanical failures, adverse
weather conditions, piracy attacks, capsizing, navigational errors,
and adverse sea conditions. Maritime surveillance technologies,
such as radar, sonar, and live video streaming, enable effective
communication between maritime authorities, major ports, and
waterways. They also facilitate incident management, maritime
safety standards, and detection of illegal activities. Elbit
Systems Sweden offers combat management systems and underwater
detection systems to enhance maritime situational awareness.
However, the high costs of repairing, maintaining, and upgrading
these systems may deter small ports and harbors from investing in
them. Maritime terrorism, attacks on vessels, and criminal
activities further necessitate advanced surveillance systems.
Multi-purpose vessels (MPV), coastguard, navy, and law enforcement
processes also benefit from these technologies. Additionally,
sensors and tracking software aid in monitoring animal life and
artificial structures.
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Segment Overview
This maritime surveillance market report extensively covers
market segmentation by
- Component
- 1.1 Sensors
- 1.2 Radar
- 1.3 AIS receiver
- 1.4 Software and others
- End-user
- 2.1 Defense
- 2.2 Customs
- 2.3 Fisheries
- 2.4 Intelligence
- 2.5 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Sensors- Maritime safety is a paramount
concern for ports and coastal regions, necessitating the deployment
of advanced surveillance technologies to counteract maritime
threats such as piracy, sabotage, and unlawful acts. Coast guard
and sea marshal patrols employ semaphore techniques and
technological proliferation, including radio communication systems
and satellite communication systems, to ensure real-time onshore
surveillance and underwater surveillance. Maritime transport,
international trade, and commercial fishing are significantly
impacted by trade restrictions, raw material shortages, ocean blank
sailings, port closures, reduced working hours, equipment
shortages, labor shortages, and transport capacity constraints.
Digital technologies, including sensors, play a crucial role in
maritime applications, providing almost lossless transmission,
improved sensitivity during data capture, and continuous, real-time
analysis. By integrating sensor data with structured analyses,
maritime operators can make faster tactical decisions,
incorporating environmental conditions into their operational
plans, and ensuring the smooth flow of global trade, passengers,
and cargo on ships and planes.
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geographical analysis including forecast (2023-2027) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Maritime Surveillance Market is a critical sector ensuring
maritime safety and security, particularly in the context of
international trade and the protection of people and businesses at
sea. Coastal surveillance technologies play a pivotal role in
detecting and deterring maritime threats, including piracy,
sabotage, unlawful acts, maritime terrorism, and attacks on
vessels. These threats endanger lives, disrupt international trade,
and undermine economic stability. Ports serve as vital economic
hubs, making their security a top priority. Maritime surveillance
technologies enable real-time data collection and analysis,
enhancing situational awareness and enabling swift responses to
potential threats. Advanced systems employ AI and machine learning
to identify patterns and anomalies, reducing false alarms and
improving overall efficiency. The sea remains a vast and dynamic
environment, necessitating robust maritime surveillance solutions
to safeguard against criminal activities and ensure the safety of
all those who rely on the sea for their livelihoods and
commerce.
Market Research Overview
Maritime surveillance is a critical aspect of ensuring maritime
safety and security. With the increasing importance of
international trade by sea, ports have become prime targets for
unlawful acts such as piracy, sabotage, and maritime terrorism.
Coastal surveillance technologies, including semaphore techniques,
radio communication systems, and satellite communication systems,
play a vital role in real-time onshore surveillance and underwater
surveillance. Maritime threats pose significant challenges to
maritime transport, trade flows, and commercial fishing. Coast
guards, sea marshals, and other maritime authorities employ
advanced technologies like radar, sonar, and AI to enhance
situational awareness and detect incidents. Digitalization,
including the use of AI, blockchain, IoT, and automation, is
transforming maritime management, from shipping logistics to marine
management software and inventory data. Effective information
sharing and communication are essential to mitigating risks,
managing labor and equipment shortages, and addressing transport
capacity constraints. Major ports and waterways require continuous
surveillance to prevent incidents, manage traffic, and ensure
maritime safety standards. Maritime rescue coordination and
incident management are crucial in ensuring the safety of
passengers, crew changes, and seafarers' employment contracts.
Maritime surveillance systems must address obstacles like closed
borders, airport security, and communication with ships and planes.
The integration of digital technologies and advanced detection
techniques can help reduce the time and money spent on maritime
transport while minimizing the environmental impact on marine
industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Component
-
- Sensors
- Radar
- AIS Receiver
- Software And Others
- End-user
-
- Defense
- Customs
- Fisheries
- Intelligence
- Others
- Geography
-
- North America
- Europe
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio