Maritime security market size to increase by USD 3,702.13 million: 35% growth to originate from North America - Technavio

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Dec 12, 2022, 10:00 ET

NEW YORK, Dec. 12, 2022 /PRNewswire/ -- The maritime security market by type, technology, and geography - forecast and analysis 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 3.34% and register an incremental growth of USD 3,702.13 million during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download a PDF sample report

Regional analysis

Technavio has announced its latest market research report titled Global Maritime Security Market 2023-2027

Based on region, the global maritime security market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. North America is estimated to contribute 35% to the growth of the global market over the forecast period. Government and private organizations are adopting maritime security solutions due to factors such as the growing need to protect maritime resources from advanced security threats.

Company profiles

The maritime security market report includes information on the key products and recent developments of leading vendors, including:

Airbus Group SE: The company offers maritime security through cybersecurity, critical infrastructure, public safety, and crisis management under maritime digital connectivity.
BAE Systems Plc: The company offers Panoramic Area Surveillance System (PASS), which combines surveillance and data fusion technologies.
Elbit Systems Ltd.: The company offers maritime security through Elbit Systems Electro-optics naval sensors and systems and highly advanced coastal security systems.
HENSOLDT AG: The company offers a maritime security solution named Multifunctional Self Protection System MUSS 2.0 with non-pilot mode flights, open source intelligence, and final focus metrology.
Honeywell International Inc.: The company offers maritime security with a waterside radar system that provides situational awareness of the waterways.
Kongsberg Gruppen ASA
L3Harris Technologies Inc.
Lockheed Martin Corp.
MIND TECHNOLOGY INC.
To gain access to more vendor profiles available with Technavio, buy the report!

Market dynamics

The market is driven by factors such as the growing marine threats, expansion of the Chinese naval fleet in critical regions, and increased maritime traffic in the Arctic Ocean. However, maritime issues arising due to Brexit are hindering the market growth.

Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Request a sample

Market segmentation

Based on type, the market is segmented into deepwater security and perimeter security. The deepwater security segment will account for the largest share of the market's growth during the forecast period.
Based on geography, the market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. North America will account for the largest share of the market's growth during the forecast period.

Related reports:

The physical security market size is projected to grow by USD 62.75 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.1%. The increasing concerns about terrorism and crime are notably driving the physical security market growth, although factors such as the high initial investment may impede the market growth.

The cyber security market size is projected to grow by USD 203.5 billion from 2022 to 2027, and the market's growth momentum will accelerate at a CAGR of 13.57%. The increase in the use of mobile devices is notably driving the market growth, although factors such as the high cost of deployment may impede the market growth.

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What are the key data covered in the maritime security market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the maritime security market between 2023 and 2027
Precise estimation of the size of the maritime security market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the maritime security market across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of maritime security market vendors

Maritime Security Market Scope
Report Coverage	Details
Page number	175
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 3.34%
Market growth 2023-2027	USD 3,702.13 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	2.63
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 35%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, market positioning of vendors, competitive strategies, and industry risks
Companies profiled	Airbus Group SE, BAE Systems Plc, Elbit Systems Ltd., HENSOLDT AG, Honeywell International Inc., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., MIND TECHNOLOGY INC., Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, Safran SA, Sonardyne International Ltd., SPX Corp., Teledyne Technologies Inc., Terma AS, Thales, The Boeing Co., and Ultra Electronics Holdings Plc
Market dynamics	Parent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's information technology market reports

Table of contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global maritime security market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global maritime security market 2017 - 2021 ($ million)

4.2 Type Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.3 Technology Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments

Exhibit 30: Chart on Type - Market share 2022-2027 (%)
Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type

Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type

6.3 Deepwater security - Market size and forecast 2022-2027

Exhibit 34: Chart on Deepwater security - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Deepwater security - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Deepwater security - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Deepwater security - Year-over-year growth 2022-2027 (%)

6.4 Perimeter security - Market size and forecast 2022-2027

Exhibit 38: Chart on Perimeter security - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Perimeter security - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Perimeter security - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Perimeter security - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Type

Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Technology

7.1 Market segments

Exhibit 43: Chart on Technology - Market share 2022-2027 (%)
Exhibit 44: Data Table on Technology - Market share 2022-2027 (%)

7.2 Comparison by Technology

Exhibit 45: Chart on Comparison by Technology
Exhibit 46: Data Table on Comparison by Technology

7.3 Surveillance and tracking - Market size and forecast 2022-2027

Exhibit 47: Chart on Surveillance and tracking - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Surveillance and tracking - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Surveillance and tracking - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Surveillance and tracking - Year-over-year growth 2022-2027 (%)

7.4 Screening and scanning - Market size and forecast 2022-2027

Exhibit 51: Chart on Screening and scanning - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Screening and scanning - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Screening and scanning - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Screening and scanning - Year-over-year growth 2022-2027 (%)

7.5 Communications - Market size and forecast 2022-2027

Exhibit 55: Chart on Communications - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Communications - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Communications - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Communications - Year-over-year growth 2022-2027 (%)

7.6 Other systems - Market size and forecast 2022-2027

Exhibit 59: Chart on Other systems - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Other systems - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Other systems - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Other systems - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by Technology

Exhibit 63: Market opportunity by Technology ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 65: Chart on Market share by geography 2022-2027 (%)
Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 67: Chart on Geographic comparison
Exhibit 68: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027

Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027

Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027

Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027

Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 UK - Market size and forecast 2022-2027

Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.10 China - Market size and forecast 2022-2027

Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

9.11 Germany - Market size and forecast 2022-2027

Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.12 Japan - Market size and forecast 2022-2027

Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 110: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 112: Overview on factors of disruption

11.4 Industry risks

Exhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 114: Vendors covered

12.2 Market positioning of vendors

Exhibit 115: Matrix on vendor position and classification

12.3 Airbus Group SE

Exhibit 116: Airbus Group SE - Overview
Exhibit 117: Airbus Group SE - Business segments
Exhibit 118: Airbus Group SE - Key news
Exhibit 119: Airbus Group SE - Key offerings
Exhibit 120: Airbus Group SE - Segment focus

12.4 BAE Systems Plc

Exhibit 121: BAE Systems Plc - Overview
Exhibit 122: BAE Systems Plc - Business segments
Exhibit 123: BAE Systems Plc - Key offerings
Exhibit 124: BAE Systems Plc - Segment focus

12.5 Elbit Systems Ltd.

Exhibit 125: Elbit Systems Ltd. - Overview
Exhibit 126: Elbit Systems Ltd. - Product / Service
Exhibit 127: Elbit Systems Ltd. - Key offerings

12.6 HENSOLDT AG

Exhibit 128: HENSOLDT AG - Overview
Exhibit 129: HENSOLDT AG - Business segments
Exhibit 130: HENSOLDT AG - Key offerings
Exhibit 131: HENSOLDT AG - Segment focus

12.7 Honeywell International Inc.

Exhibit 132: Honeywell International Inc. - Overview
Exhibit 133: Honeywell International Inc. - Business segments
Exhibit 134: Honeywell International Inc. - Key news
Exhibit 135: Honeywell International Inc. - Key offerings
Exhibit 136: Honeywell International Inc. - Segment focus

12.8 Kongsberg Gruppen ASA

Exhibit 137: Kongsberg Gruppen ASA - Overview
Exhibit 138: Kongsberg Gruppen ASA - Business segments
Exhibit 139: Kongsberg Gruppen ASA - Key news
Exhibit 140: Kongsberg Gruppen ASA - Key offerings
Exhibit 141: Kongsberg Gruppen ASA - Segment focus

12.9 L3Harris Technologies Inc.

Exhibit 142: L3Harris Technologies Inc. - Overview
Exhibit 143: L3Harris Technologies Inc. - Business segments
Exhibit 144: L3Harris Technologies Inc. - Key news
Exhibit 145: L3Harris Technologies Inc. - Key offerings
Exhibit 146: L3Harris Technologies Inc. - Segment focus

12.10 Lockheed Martin Corp.

Exhibit 147: Lockheed Martin Corp. - Overview
Exhibit 148: Lockheed Martin Corp. - Business segments
Exhibit 149: Lockheed Martin Corp. - Key news
Exhibit 150: Lockheed Martin Corp. - Key offerings
Exhibit 151: Lockheed Martin Corp. - Segment focus

12.11 Northrop Grumman Corp.

Exhibit 152: Northrop Grumman Corp. - Overview
Exhibit 153: Northrop Grumman Corp. - Business segments
Exhibit 154: Northrop Grumman Corp. - Key news
Exhibit 155: Northrop Grumman Corp. - Key offerings
Exhibit 156: Northrop Grumman Corp. - Segment focus

12.12 Saab AB

Exhibit 157: Saab AB - Overview
Exhibit 158: Saab AB - Business segments
Exhibit 159: Saab AB - Key news
Exhibit 160: Saab AB - Key offerings
Exhibit 161: Saab AB - Segment focus

12.13 Safran SA

Exhibit 162: Safran SA - Overview
Exhibit 163: Safran SA - Business segments
Exhibit 164: Safran SA - Key news
Exhibit 165: Safran SA - Key offerings
Exhibit 166: Safran SA - Segment focus

12.14 Sonardyne International Ltd.

Exhibit 167: Sonardyne International Ltd. - Overview
Exhibit 168: Sonardyne International Ltd. - Product / Service
Exhibit 169: Sonardyne International Ltd. - Key offerings

12.15 SPX Corp.

Exhibit 170: SPX Corp. - Overview
Exhibit 171: SPX Corp. - Business segments
Exhibit 172: SPX Corp. - Key offerings
Exhibit 173: SPX Corp. - Segment focus

12.16 Teledyne Technologies Inc.

Exhibit 174: Teledyne Technologies Inc. - Overview
Exhibit 175: Teledyne Technologies Inc. - Business segments
Exhibit 176: Teledyne Technologies Inc. - Key news
Exhibit 177: Teledyne Technologies Inc. - Key offerings
Exhibit 178: Teledyne Technologies Inc. - Segment focus

12.17 The Boeing Co.

Exhibit 179: The Boeing Co. - Overview
Exhibit 180: The Boeing Co. - Business segments
Exhibit 181: The Boeing Co. - Key news
Exhibit 182: The Boeing Co. - Key offerings
Exhibit 183: The Boeing Co. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 184: Inclusions checklist
Exhibit 185: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 186: Currency conversion rates for US$

13.4 Research methodology

Exhibit 187: Research methodology
Exhibit 188: Validation techniques employed for market sizing
Exhibit 189: Information sources

13.5 List of abbreviations

Exhibit 190: List of abbreviations

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