Global Maritime Security Market 2024 - By Size, Drivers, Trends, Competitors And Overview By 2033
Overview and Scope
Maritime security refers to the
protection of vessels, ports, and other maritime infrastructure from various
threats, including terrorism, piracy, robbery, illegal trafficking of goods and
people, and illegal fishing. It ensures the safety and security of maritime
transportation, trade, and the marine environment.
Sizing and Forecast
The maritime security market size
has grown strongly in recent years. It will grow from $26.88 billion in 2023 to
$29.06 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be
attributed to piracy threats, terrorist attacks on maritime targets, smuggling
and Illicit trafficking, maritime disputes and conflict, global trade growth.
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Segmentation & Regional
Insights
The maritime security market covered in this report is segmented –
1) By Component: Solution,
Service
2) By Security Type Outlook:
Port And Critical Infrastructure Security, Vessel Security, Coastal
Surveillance
3) By Service: Risk
Assessment And Investigation, Consulting, Maintenance And Support, Training,
Other Services
4) By Technology: Access
Control, Detectors, Geographic Information Systems, Communications, Supervisory
Control And Data Acquisition (SCADA), Screening And Scanning, Smart Containers,
Surveillance And Tracking, Weather Monitoring
Asia-Pacific was the largest region in the maritime
security market in 2023. Asia-Pacific is expected to be the fastest-growing
region in the forecast period. The regions covered in the maritime
security market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa.
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Major Driver Impacting Market
Growth
The rising maritime threats are
expected to propel the growth of the maritime security market going forward.
Maritime threats refer to a range of potential dangers, risks, or illegal
activities that pose a hazard to maritime security, navigational safety, or the
lawful use of the seas and oceans. It arises due to various factors, such as
increased illegal, unregulated, and unreported (IUU) fishing, and intensifying
pressure on ports. Marine security is used in maritime threats to protect
lives, property, trade, infrastructure, safety, security, and sustainability of
maritime operations and to promote the prosperity of coastal communities and
nations. For instance, in 2022, according to the International Maritime
Bureau's (IMB), a Malaysia-based non-profit organization, there were a total of
115 incidents of piracy and armed robbery against ships in 2022. Furthermore,
in August 2022, according to Homeland Security, the US-based department
responsible for public security, the number of reported maritime cyber incidents
increased by 68% from 2020 (28 total incidents) to 47 maritime cybersecurity
incidents in 2021. Therefore, the rising maritime threats are driving the
growth of the maritime security market.
Key Industry Players
Major companies operating in the
maritime security market are Cobham plc,
Rapiscan Systems, Raytheon Technologies, Airbus SE, Lockheed Martin, General
Dynamics Corporation, Northrop Grumman Corporation, BAE Systems, Safran SA,
Thales Group, L3Harris Technologies, Leonardo SpA, Leidos, Motorola Solutions
Inc, Booz Allen Hamilton Inc, Elbit Systems, Rheinmetall AG, CACI International
Inc, Teledyne Technologies, Macquarie Group Limited, Israel Aerospace
Industries (IAI), Saab AB, Palantir Technologies, Cubic Corporation, Smiths
Detection, OSI Systems Inc
The maritime security market
report table of contents includes:
1. Executive Summary
2. Maritime Security Market
Characteristics
3. Maritime Security Market Trends
And Strategies
4. Maritime Security Market -
Macro Economic Scenario
5. Global Maritime Security Market
Size and Growth
...............................
32. Global Maritime Security
Market Competitive Benchmarking
33. Global Maritime Security
Market Competitive Dashboard
34. Key Mergers And Acquisitions
In The Maritime Security Market
35. Maritime Security Market
Future Outlook and Potential Analysis
36. Appendix
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