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Maritime Security Market Trends

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

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Maritime Security Market Trends

The maritime industry has become more digitalized, leading to an increased focus on cybersecurity. Protecting vessels, ports, and maritime infrastructure from cyber threats has become a top priority. Trends include the adoption of advanced cybersecurity solutions, regular cybersecurity assessments, and increased awareness of the potential risks.

The integration of AI & ML technologies is on the rise in maritime security. These technologies enhance threat detection, anomaly identification, and decision-making processes. Predictive analytics powered by AI & ML contribute to more proactive and effective security measures. Moreover, the capability to remotely monitor and surveil maritime assets is gaining prominence. Advanced sensor technologies, satellite surveillance, and real-time data analytics enable security personnel to monitor large maritime areas effectively and respond to incidents promptly.

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.