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Maritime Security Market Worth 22.26 Billion USD by 2020


News provided by

MarketsandMarkets

19 Aug, 2015, 11:30 GMT

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CHICAGO, August 19, 2015 /PRNewswire/ --

According to a new market research report ,"Maritime Security Market by Technology & Systems (Screening & Scanning, Detectors, Surveillance & Tracking, Communication), Category (Port & Critical Infra, Vessel Security, Coast Surveillance), Service, & Regions - Trends & Forecast to 2020", published by MarketsandMarkets, The Maritime Security Market is estimated to grow from USD 15.32 Billion in 2015 to USD 22.26 Billion by 2020. This represents a compound annual growth rate (CAGR) of 7.7% from 2015 to 2020.

Browse 81 tables and 58 figures spread through 160 Pages and in-depth TOC on "Maritime Security Market"
http://www.marketsandmarkets.com/Market-Reports/maritime-security-market-1033.html

 Early buyers will receive 10% customization on this report. 

Download Free Sample Pages @ http://www.marketsandmarkets.com/pdfdownload.asp?id=1033

The market report the global Maritime Security Market has been segmented by technology & system into screening and scanning, access control, detectors, geographic information system (GIS), surveillance and tracking, weather monitoring, supervisory control and data acquisition (SCADA), communication, and others.

The Maritime Security Market report provides forecasts and analysis for the period of 2015 to 2020. This report includes market dynamics, such as drivers, restraints, challenges, and opportunities in the Maritime Security Market. Major drivers of the Maritime Security Market are awareness of maritime security, regulations and standards, and international trade by sea. Restraints that hinder the growth of this are ungoverned marine regions, non-uniform standards, and transnational organized crime. The challenges faced by this market include piracy and maritime terrorism.

The key players of the global Maritime Security Market are BAE Systems plc, Elbit Systems Ltd., Kongsberg Gruppen, Raytheon Anschutz GmbH, Harris Corporation, Honeywell International Inc., Northrop Grumman Corporation, and many others. The key players provide integrated solutions and offer better competitive services. The companies in this industry must take advantage of the market drivers such as growing awareness of maritime security and increased international trade by sea in the new markets of Middle East & Africa (MEA) as well as Asia-Pacific (APAC).

The surveillance and tracking systems segment has the largest market share in the global Maritime Security Market. The services segment includes training, risk assessment and investigation, maintenance and support, consulting, and others. Categories segment includes port and critical infrastructure security, vessel security, and coastal surveillance. On the basis of regions, the Maritime Security Market has been segmented into North America (NA), Asia-Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA).

The Maritime Security Market is estimated to grow from USD 15.32 Billion in 2015 to USD 22.26 Billion by 2020. This represents a compound annual growth rate (CAGR) of 7.7% from 2015 to 2020. The vessel security segment continues to be the largest contributor for maritime security. In terms of regions, NA is expected to be the largest market in terms of revenue contribution in 2015, whereas APAC is expected to experience increased market traction in coming years.

 Browse Related Report 

Military Communications Market - (SATCOM Terminals, Commercial off The Shelf (COTS), Military Communication Security, Tetra Radio, JTRS, Software Defined Radio, Radio Communication, Tactical Communication) - Worldwide Forecasts & Analysis (2014-2019)
http://www.marketsandmarkets.com/Market-Reports/military-communications-market-66198542.html

Physical Security Market by System (Access Control, IP Video Surveillance Software, Locks, PSIM, PID), Services (System Integration, Maintenance & Support, and Designing & Consulting), Vertical, and Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/physical-security-market-1014.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
1 South Dearborn Street,
21st Floor, Chicago,
Illinois, 60603, United States,
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com


Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
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