Maritime security market will be worth $20.87 billion by 2019

A new market report, Maritime Security Market, published by MarketsandMarkets, defines and segments the global Maritime Security Market into various sub-segments with in-depth analysis and forecast of revenues. It also identifies drivers and restraints for this market with insights into trends, opportunities, and challenges.

Maritime Security Market by Technologies and Systems, by Services, by Categories, and by Region – Global Market Forecast & Analysis (2014 – 2019), contains 81 market data tables with 59 figures spread through 164 pages and an in-depth table of contents.

The major forces driving this market are awareness of maritime security, maritime threats, regulations and standards, and international trade by sea. The significance of the maritime security has increased, due to globalization. Also, the increase in maritime threat in some regions of the world has been noted as one of the major factors affecting international trade.

Solution providers such as Kongsberg, Raytheon, Terma, Thales Group, Northrop Grumman Corp., and many others are expected to provide integrated solutions and offer better competitive services. The companies in this industry must take advantage of the growing awareness of maritime security in markets such as Middle East and Africa (MEA) as well as Asia Pacific (APAC). The surveillance and tracking systems and solutions, smart container systems as well as scanning and screening systems have a high growth rate in the market.

MarketsandMarkets has segmented the Maritime Security Market by type of technologies and systems: screening and scanning, access control, detectors, Geographic Information System(GIS), surveillance and tracking, weather monitoring, smart containers, Supervisory Control and Data Acquisition(SCADA), communication, and others; by type of services: training, risk assessment and investigation, maintenance and support, consulting, and others; by categories: port and critical infrastructure security, vessel security, and coastal surveillance; and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA) and Latin America (LA).