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Maritime Security Market Share

Report ID: GMI7629
Published Date: Dec 2023
Report Format: PDF

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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.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market valuation of the maritime security was reached USD 25 billion in 2023 and is anticipated to record over 6% CAGR between 2024 & 2032, owing to rising investments in maritime infrastructure.

The software segment is anticipated to register over 8% CAGR from 2023 to 2032 as the trend toward remote operations in the maritime sector is increasing. The software facilitates incident response coordination, communication, and resource allocation for mitigating the impact of security incidents.

North America dominated around 35% share of the maritime security market in 2023 and will grow through 2032, attributed to the need to protect the coastlines along the Atlantic & Pacific Oceans, the Gulf of Mexico, and the Arctic and maritime borders for national security.

Thales Group, Leonardo S.p.A, Saab AB, BAE Systems plc, OSI Systems, Inc., Westminster Group plc, and Elbit Systems Ltd.