With the emergence and long-term Impact of COVID-19, Global Maritime Surveillance and Intervention Market to reach USD 52.90 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Maritime Surveillance and Intervention Market is poised to raise up to USD 52.90 Billion by 2030. Maritime Surveillance and Intervention refers to the monitoring and control activities conducted in maritime domains to ensure safety, security, and compliance with laws and regulations. It involves the use of various technologies and resources to observe and manage maritime activities, especially in coastal waters and exclusive economic zones (EEZ). Maritime surveillance and intervention efforts often rely on a combination of technologies and systems, including radar, satellite imagery, automatic identification systems (AIS), sonar, and other sensor networks.
These technologies enable the collection of real-time data, identification of vessels, tracking of their movements, and detection of anomalies or potential security risks. The Maritime Surveillance and Intervention market is expanding because of factors such as rising seaborne trade, increasing maritime security concerns and military modernization. In addition, the development of upgraded MSI aircraft to deliver optimized surveillance and intervention facilities and the rising adoption of robotic technology are creating new opportunities for market growth. However, Environmental and Weather Conditions and stifles market growth throughout the forecast period of 2023-2030.
Geographically, the global Maritime Surveillance and Intervention market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the dominance of key market players, rising maritime trade, rising technological advancements, rising investment in military modernization projects, and supportive regulatory compliance norms in the region. Whereas, Europe is projected to have significant growth in the market owing to factors such as the established maritime industry in the region, and rising trade activities in the region.
The global Maritime Surveillance and Intervention market is highly competitive owing to the presence of several key market players such as Bharat Electronics Limited, Dassault Aviation SA, Elbit Systems Ltd., Furuno Electric Co. Ltd., Indra Raytheon Technologies Corporation, Kongsberg Gruppen ASA, and others.
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Key findings of the study suggest:
- Global Maritime Surveillance and Intervention Market is anticipated to grow with a healthy growth rate of more than 9.86% over the forecast period 2023-2030.
- In the System segment, Surveillance and Tracking emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the dominance of key market players, rising maritime trade, rising technological advancements, rising investment in military modernization projects, and supportive regulatory compliance norms in the region.
- Europe is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
System:
- Detectors
- Combat Management Systems
- Surveillance and Tracking
- Geographic Information System (GIS)
- Others
Services:
- Risk Assessment and Investigation
- Maintenance and Support
- Security Management
- Others
Application:
- Port and Critical Infrastructure Facility
- Vessel Security
- Coastal Surveillance
- Search and Rescue
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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