Summary
Global Maritime Surveillance Market 2023-2027
The analyst has been monitoring the maritime surveillance market and is forecast to grow by $1476.9 mn during 2022-2027, accelerating at a CAGR of 3.65% during the forecast period. Our report on the maritime surveillance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing marine threats, increased maritime traffic in the Arctic ocean, and the growing focus on improving marine transportation safety.
The maritime surveillance market is segmented as below:
By Component
• Sensors
• Radar
• AIS receiver
• Software and others
By End-user
• Defense
• Customs
• Fisheries
• Intelligence
• Others
By Geography
• North America
• Europe
• APAC
• Middle East and Africa
• South America
This study identifies the expansion of the Chinese naval fleet in critical regions as one of the prime reasons driving the maritime surveillance market growth during the next few years. Also, increase in seaborne trade and the growing use of passive radars will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the maritime surveillance market covers the following areas:
• Maritime surveillance market sizing
• Maritime surveillance market forecast
• Maritime surveillance market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading maritime surveillance market vendors that 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. Also, the maritime surveillance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
