Product Code: r7699
“Maritime Surveillance Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on maritime surveillance market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for maritime surveillance ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The maritime surveillance market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Component: Sensors; Radar; Automatic Identification System (AIS) Receiver; Software; Other Components
- 2) By Application: Naval; Coast Guard; Other Applications
- 3) By End-User: Defense; Customs; Fisheries; Intelligence; Other End-Users
- Companies Mentioned: Northrop Grumman; Raytheon Technologies Corporation; Thales Group; Lockheed Martin; Saab AB
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the maritime surveillance market are: Northrop Grumman, Raytheon Technologies Corporation, Thales Group, Lockheed Martin, Saab AB, Elbit Systems Ltd., Kongsberg, Indra Sistemas S.A., Furuno Electric Co. Ltd., Bharat Electronics Limited (BEL), SRT Marine Systems Plc, Terma A/S, Smiths Group plc, Westminster Group PLC, OSI Maritime Systems, Safran SA, Sonardyne, Hensoldt AG, Honeywell International Inc., L3Harris Technologies Inc., and Mind Technology Inc.
The global maritime surveillance market is expected to grow from $21.17 billion in 2022 to $23.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The maritime surveillance market is expected to reach $31.41 billion in 2027 at a CAGR of 8.0%.
The maritime surveillance market includes revenues earned by entities by gathering, analyzing, consolidating, and sharing data, with the information captured using a wide range of sensors and sensor combinations working across multiple areas of the spectrum (electronic signals, pictures, interactions, acoustics, etc.) and installed on multiple systems (satellites, ships, and airplanes,). The market value includes the value of related goods sold by the service provider or included within the service offering. The maritime surveillance market also includes sales of active sensors and platforms, communication links, and passive sensors and platforms. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Maritime surveillance is a procedure that includes both knowledge and awareness of all marine operations. It involves the methodical application of visual, auditory, digital, photographic, or other tools to observe regions, people, or objects in aerospace, cyberspace, the physical world, or other locations.
Asia-Pacific was the largest region in the maritime surveillance market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the maritime surveillance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main components of maritime surveillance are sensors, radar, automatic identification system (AIS) receivers, software, and others. A sensor is an instrument that detects input of any kind from the physical world and reacts to it that is used to detect persons at least 2.8 miles away and other boats up to 10 miles away, with supplementary pointers that use lasers and laser rangefinders that are capable of marking and measuring the distance between objects. It is used for the naval, coast guard, and other applications by defense, customs, fisheries, intelligence, and other end-users.
The increase in maritime commerce activity is expected to propel the growth of the maritime surveillance market in the coming future. Maritime commerce refers to the buying and selling of goods through the marine transport system. The increase in maritime commerce activity is expanding the maritime surveillance market, as it comprises all procedures required for identifying, tracking, and comprehending activities in the marine domain as well as in all other fields that have a bearing on the maritime environment. For instance, in November 2022, according to the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental body inside the United Nations Secretariat that advocates developing nations' interests in international commerce, the international maritime trade increased to 11 billion tons in 2021, a 3.2 percent increase from 2020. Therefore, the increase in maritime commerce and freight transport activity is driving the maritime surveillance market.
Product innovation is the key trend gaining popularity in the maritime surveillance market. Major companies operating in the maritime surveillance market are focused on developing innovative products to strengthen their position in the market. For instance, in May 2023, Image Soft, a Finland-based maritime technology company launched, third generation UNWAS system. This system is equipped with entirely novel digital circuitry and software. The third-generation UNWAS system detects and warns of both underwater and surface hazards using a distributed modular sensor network with passive hydrophones and other sensors. It can handle rigorous acoustic underwater circumstances in numerous adverse settings.
In February 2021, Ocean Power Technologies, a US-based company that offers electric energy and communication solutions, services, and associated items for distant offshore applications acquired 3Dent Technology LLC for an undisclosed amount. Through the acquisition, Ocean Power Technologies aimed to increase market value offer and increase revenue. 3Dent Technology LLC is a US-based company that offers offshore engineering services, vessel monitoring, and sensors, operating in the maritime surveillance market.
The countries covered in the maritime surveillance market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The maritime surveillance market research report is one of a series of new reports from The Business Research Company that provides maritime surveillance market statistics, including the maritime surveillance industry global market size, regional shares, competitors with a maritime surveillance market share, detailed maritime surveillance market segments, market trends, and opportunities, and any further data you may need to thrive in the maritime surveillance industry. This maritime surveillance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Maritime Surveillance Market Characteristics
3. Maritime Surveillance Market Trends And Strategies
4. Maritime Surveillance Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Maritime Surveillance Market
- 4.2. Ukraine-Russia War Impact On Maritime Surveillance Market
- 4.3. Impact Of High Inflation On Maritime Surveillance Market
5. Maritime Surveillance Market Size And Growth
- 5.1. Global Maritime Surveillance Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Maritime Surveillance Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Maritime Surveillance Market Segmentation
- 6.1. Global Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Sensors
- Radar
- Automatic Identification System (AIS) Receiver
- Software
- Other Components
- 6.2. Global Maritime Surveillance Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Naval
- Coast Guard
- Other Applications
- 6.3. Global Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Defense
- Customs
- Fisheries
- Intelligence
- Other End-Users
7. Maritime Surveillance Market Regional And Country Analysis
- 7.1. Global Maritime Surveillance Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Maritime Surveillance Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Maritime Surveillance Market
- 8.1. Asia-Pacific Maritime Surveillance Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Maritime Surveillance Market
- 9.1. China Maritime Surveillance Market Overview
- 9.2. China Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Maritime Surveillance Market
- 10.1. India Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Maritime Surveillance Market
- 11.1. Japan Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Maritime Surveillance Market
- 12.1. Australia Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Maritime Surveillance Market
- 13.1. Indonesia Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Maritime Surveillance Market
- 14.1. South Korea Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Maritime Surveillance Market
- 15.1. Western Europe Maritime Surveillance Market Overview
- 15.2. Western Europe Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Maritime Surveillance Market
- 16.1. UK Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Maritime Surveillance Market
- 17.1. Germany Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Maritime Surveillance Market
- 18.1. France Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Maritime Surveillance Market
- 19.1. Eastern Europe Maritime Surveillance Market Overview
- 19.2. Eastern Europe Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Maritime Surveillance Market
- 20.1. Russia Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Maritime Surveillance Market
- 21.1. North America Maritime Surveillance Market Overview
- 21.2. North America Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Maritime Surveillance Market
- 22.1. USA Maritime Surveillance Market Overview
- 22.2. USA Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Maritime Surveillance Market
- 23.1. South America Maritime Surveillance Market Overview
- 23.2. South America Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Maritime Surveillance Market
- 24.1. Brazil Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Maritime Surveillance Market
- 25.1. Middle East Maritime Surveillance Market Overview
- 25.2. Middle East Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Maritime Surveillance Market
- 26.1. Africa Maritime Surveillance Market Overview
- 26.2. Africa Maritime Surveillance Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Maritime Surveillance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Maritime Surveillance Market Competitive Landscape And Company Profiles
- 27.1. Maritime Surveillance Market Competitive Landscape
- 27.2. Maritime Surveillance Market Company Profiles
- 27.2.1. Northrop Grumman
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Raytheon Technologies Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Thales Group
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Lockheed Martin
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Saab AB
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Maritime Surveillance Market
29. Maritime Surveillance Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer