Maritime Security Market Size - By Type (Port & Critical Infrastructure, Coastal Surveillance, Vessel Security), By Technology (Screening & Scanning, Communications, Access Control, Surveillance & Monitoring System, Navigation), By Component & Forecast, 2024 - 2032
Published Date: March - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMaritime Security Market Size - By Type (Port & Critical Infrastructure, Coastal Surveillance, Vessel Security), By Technology (Screening & Scanning, Communications, Access Control, Surveillance & Monitoring System, Navigation), By Component & Forecast, 2024 - 2032
Maritime Security Market Size
Maritime Security Market was USD 25 billion in 2023 and expected to record over 6% CAGR from 2024 & 2032. Increasing investment in maritime infrastructure is responsible for propelling the growth of the maritime security market. When nations & corporations invest in building & upgrading their maritime facilities, it becomes necessary to implement tighter security measures. The Indian government was invested with more than USD 1.3 million under the Maritime Amritkaal Vision 2047 scheme for the growth of the maritime industry by 2047. Investments in maritime infrastructure tend to be accompanied by higher maritime activity such as the enlargement of ports, new terminal construction, and the development of offshore installations. This increased activity draws more ships and, therefore, increases the need for effective security solutions to protect such vital assets.
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Maritime security involves safeguarding vessels, ports, and coastal areas from threats such as piracy, terrorism, and illegal activities. It encompasses measures, such as surveillance, cybersecurity & response protocols, to ensure the safety of maritime assets, the protection of marine environments, and the facilitation of secure international trade & navigation.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Maritime Security Market Size in 2023 | USD 25 Billion |
| Forecast Period | 2022 to 2032 |
| Forecast Period 2022 to 2032 CAGR | 6.5% |
| 2032 Value Projection | USD 45 Billion |
| Historical Data for | 2018 - 2023 |
| No. of Pages | 220 |
| Tables, Charts & Figures | 293 |
| Segments covered | Type, Technology, Component & Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
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The deployment of advanced maritime security technologies, such as surveillance systems, cybersecurity solutions, and access control measures, can involve substantial upfront costs. This financial barrier may limit the adoption of sophisticated security measures, especially for smaller shipping companies and less economically developed regions.
COVID-19 Impact
The COVID-19 pandemic had a serious effect on the maritime security sector. It interfered with the production and supply of maritime security technologies. There were supply chain delays for manufacturers, which affected the availability of essential security equipment. This also affected the capability of maritime organizations to deploy & maintain their security systems efficiently. Additionally, lockdowns, travel bans, and economic instability led to a reduction in shipping activities. Decreased vessel traffic and fewer port calls affected the demand for some maritime security services. With fewer vessels in transit, the demand for some security measures like anti-piracy operations might have decreased.
Maritime Security Market Trends
The shipping sector has become increasingly digitalized, and thus there is a greater emphasis on cybersecurity. Securing ships, ports, and maritime infrastructure against cyber attacks is now a priority. Trends involve the implementation of sophisticated cybersecurity solutions, periodic cybersecurity audits, and greater awareness of the risks involved.
The use of AI & ML technologies is increasing in maritime security. Such technologies facilitate enhanced threat detection, anomaly detection, and decision-making capabilities. Predictive analytics based on AI & ML support more pro-active and efficient security. Additionally, remote monitoring and surveillance of maritime assets are increasingly in the limelight. Sophisticated sensor technologies, satellite monitoring, and real-time data analysis allow security staff to effectively monitor broad maritime regions and respond to situations in a timely manner.
Maritime Security Market Analysis
Learn more about the key segments shaping this market
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Based on technology, the market is segmented into screening & scanning, communications, access control, surveillance & monitoring system, and navigation. The surveillance & monitoring system segment dominated the market in 2023 with a market share of over 30%.
- The growth of maritime activities including shipping, trade, and offshore operations increases the complexity of security requirements. As the volume of maritime traffic rises, there is a corresponding need for more sophisticated surveillance systems to monitor larger areas and ensure comprehensive security coverage.
- The global maritime domain faces various security challenges including piracy, terrorism, smuggling, and unauthorized access to vessels & ports. Increasing security concerns drive the need for advanced surveillance & monitoring systems to detect and deter potential threats.
Learn more about the key segments shaping this market
Based on component, the market is segmented into hardware, software, and services. The software segment is anticipated to register a CAGR of over 8% by 2032.
- Maritime incidents, such as security threats, accidents, or environmental hazards, require effective response and crisis management. Software solutions that facilitate incident response coordination, communication, and resource allocation are essential for mitigating the impact of security incidents.
- The trend toward remote operations in the maritime sector has increased the demand for software solutions that enable remote monitoring. Software-based systems provide real-time insights into vessel operations and security status, supporting remote decision-making.
Looking for region specific data?
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North America dominated the global maritime security market with a share of over 35% in 2023. North America, particularly the U.S. and Canada, holds strategic geopolitical importance with extensive coastlines along the Atlantic & Pacific Oceans, the Gulf of Mexico, and the Arctic. Protecting these coastlines and maritime borders is crucial for national security, driving investments in advanced maritime security measures. The region is home to numerous major ports, terminals, and critical maritime infrastructure supporting international trade. Securing these assets against potential threats including terrorism, smuggling, and cyberattacks is a top priority, leading to the increased demand for maritime security solutions in the region.
Maritime Security Market Share
Players operating in the maritime security market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market. Major players operating in the maritime security industry are
- Thales Group
- Leonardo S.p.A
- Saab AB
- BAE Systems plc
- OSI Systems, Inc.
- Westminster Group plc
- Elbit Systems Ltd.
Maritime Security Industry News
- In October 2021, Thales partnered with CS GROUP, a specialist in smart cyberprotected mission-critical systems, to offer a high-performance, resilient and cybersecure navigation system. The system comprises Thales's TopAxyz inertial navigation unit, which has delivered outstanding performance in the especially rigorous conditions of civil aviation, clocking up over 20 million hours of operation.
This maritime security market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments
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Market, By Type
- Port & Critical Infrastructure
- Coastal Surveillance
- Vessel Security
- Others
Market, By Technology
- Screening & Scanning
- Communication
- Satellite Communication
- Wireless Communication Networks
- Access Control
- Surveillance & Monitoring System
- Radar Systems
- Automatic Identification System (AIS)
- Others
- Navigation
Market, By Component
- Hardware
- Software
- Services
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ANZ
- Singapore
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
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