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Maritime Security Market to Record an Impressive Growth by 2020

Press Release   •   Feb 02, 2017 02:58 EST

In 2013, North America has the largest market share for maritime security system, followed by Europe and Asia-Pacific. However, Asia Pacific region is expected to become the largest market for maritime security system by 2020. Asia Pacific market is expected to witness highest growth rate in coming future. Emerging markets of Asia Pacific such as China and India are expected to boost the Asian maritime security market.

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Increasing global sea trade is driving the global maritime security market. Additionally, increasing number of terrorist threats, rising awareness regarding the need for better security system, regulations in favor of necessitating security standards is expected to drive the maritime security market especially in the coastal region. Pirates and terrorists use innovative technology which can cause serious damage to the ships, as well as a nation’s security. Technological advancement and development of integrated security solutions is expected to provide growth opportunity for the global players to establish themselves in the emerging markets of Asian region.

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Global maritime security market is dominated by multinational companies. However, there are some small manufacturers of gas masks operation in the market, but at regional level. Some of the major companies operating at the global maritime security market are SAAB Group, Thales Group, Sonardyne International Ltd., Bae Systems Inc., Elbit Systems Ltd., Northrop Grumman Corporation, Telecommunication Systems, Inc., Westminster Group, Honeywell International Inc. and Harris Corporation.

Key points covered in the report

  • Report segments the market on the basis of types, application, products, technology, etc (as applicable)
  • The report covers geographic segmentation
    • North America
    • Europe
    • Asia
    • RoW
  • The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
  • The report provides company profiles of some of the leading companies operating in the market
  • The report also provides porters five forces analysis of the market.

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