Latest News- Maritime Surveillance Market: Sensors is expected to lead the Component segment during 2025-2029

The Maritime Surveillance Market is being driven by Growing marine threats

The Maritime Surveillance Market is expected to grow at a CAGR of 3.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1391.6 million. China's commitment to expanding its naval fleet, as announced by the Chinese President in 2012 with the goal of establishing China as a maritime superpower, is driving increased activity in critical regions such as the South China Sea and the Indian Ocean. This expansion includes the deployment of naval ships in the Indian Ocean, which is a concern for neighboring countries like India. In response, the Indian Navy is actively monitoring the presence of the People's Liberation Army Navy (PLAN) through mission-based deployments. This geopolitical tension is likely to fuel the growth of the global maritime surveillance market during the forecast period, as countries prioritize securing their maritime borders and ensuring the safety of their shipping lanes. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Sensors
  • Radar
  • AIS receiver
  • Others
• End-user
  • Defense
  • Customs
  • Fisheries
  • Intelligence
  • Others
• Type
  • Coastal surveillance
  • Port surveillance
  • Vessel tracking
  • Submarine surveillance
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing marine threats
• Increased maritime traffic in Arctic Ocean
• Growing focus on improving marine transportation safety

However, the market also witnesses some limitations, which are as follows:

• High installation cost of maritime surveillance systems
• Need to comply with stringent regulations
• Issues related to privacy

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Market Scope in Maritime Surveillance Market Research Report

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Research Analysis Overview

The Maritime Surveillance Market encompasses solutions for Coastal Patrol, integrating Multi-sensor Data Fusion for Seabed Mapping and Oceanographic Data. It addresses Environmental Protection concerns, tackling Illegal Immigration and Human Trafficking. Maritime Intelligence and Information Sharing foster Collaborative Surveillance, while Maritime Security Assessments provide Threat Intelligence. Maritime Operations Centers offer Training for Maritime Security, addressing Cybercrime, Emergency Response, and Incident Management. Maritime Communication Networks and Sensor Networks ensure Data Management and Analytics for Operations Optimization and Risk Management. Autonomous Maritime Operations, Robotics, Blockchain, Digital Twins, 5G, and Digital Transformation drive Smart Ports and Shipping, promoting Sustainability and Green Shipping.

Market Research Overview

The maritime surveillance market is a significant segment of the global capital goods industry, focusing on technologies and solutions for enhancing Maritime Domain Awareness (MDA). This includes coastal surveillance, ship detection, vessel tracking, and the utilization of Automatic Identification System (AIS) data and radar systems. Companies involved in this market provide products and services for detecting, identifying, and monitoring vessels at sea to ensure security, protect resources, and maintain sovereignty. The market's growth is driven by the increasing demand for effective border security, maritime law enforcement, and resource management.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/