"Smart Market Solutions to Help Your Business Gain Edge over Competitors"

Maritime surveillance and Intervention Market Size, Share & COVID-19 Impact Analysis, By Component (Product, Software), By Application (Surveillance and Tracking, Navigation, Maritime traffic management, Search and Rescue, and Others), By End User (Military, Commercial, Civil), and Regional Forecast, 2023-2030

Last Updated: May 06, 2024 | Format: PDF | Report ID: FBI103458

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global maritime surveillance and intervention market size was valued at USD 19.94 billion in 2022 and is projected to grow from USD 22.18 billion in 2023 to USD 35.87 billion by 2030, registering a CAGR of 7.1% during the forecast period.

WE ARE IN THE PROCESS OF REVAMPING Maritime Surveillance and Intervention Market WITH RESPECT TO RUSSIA-UKRAINE CONFLICT

Request Sample

Maritime surveillance and intervention systems are used to optimize maritime security. The MSI comprises various components such as combat management systems, detectors, surveillance, tracking system, geographic information system (GIS), and others. They are used to perform reconnaissance operations. The advanced surveillance and intervention solutions are used to offer help in securing merchant vessels, coastal lines, ports, and critical infrastructure facilities. The rising sea traffic due to an expansion in payload vessels for transportation simultaneously sees increments in oceanic crimes.


The MSI can provide protection solutions against various seaway crimes, such as drug trafficking, human trafficking, illegal immigration, illicit fishing, piercing, smuggling, and others. Therefore, the growing deployment of advanced surveillance systems and supportive regulatory intervention will fortify the country's ocean security. Moreover, the growing geopolitical tensions and disputes among neighboring countries in high growth regions would showcase an increase in global maritime surveillance and intervention market growth during the forecast period.


COVID-19 IMPACT


COVID-19 had a Positive Impact on Maritime Surveillance Due to Increased Adoption of UAV Surveillance Activities


The outbreak of coronavirus had a large impact on the maritime industry. The lockdown had temporarily stopped many marine operations such as transportation, fishing, and oil and gas processing, to stop the spread of the coronavirus. Thus, to monitor the coastline, the coastguards used unmanned aerial vehicles (UAVs) to perform maritime surveillance operations remotely. If any lockdown violators were detected, the coastline law enforcement team took strict action against them for breaking the regulations. Therefore, the demand for maritime surveillance UAVs was increased to enhance the security and safety of the coastline.


LATEST TRENDS


Rising Adoption of Robotic Technology to Enhance Maritime Surveillance Capabilities during the Forecast Period


The emerging trend towards the adoption of robotic technology has increased the development of advanced autonomous underwater vehicles (AUV) and underwater intervention vehicles. These robotic vehicles take surveillance capabilities to the next level. These solutions consist of advanced electronic components such as high-quality cameras, advanced sensors, laser profilers, and so on.


For instance, Kongsberg Gruppen ASA designed autonomous underwater vehicles, Hugin and its other updated version called Hugin superior. This system can be used in commercial as well as defense applications. In the defense sector, it is used for applications such as intelligence, surveillance, and reconnaissance (ISR), rapid environmental assessment, and mine countermeasures.


Request a Free sample to learn more about this report.


DRIVING FACTORS


Growing Focus on Strengthening Maritime Safety and Security to Fuel Demand for Maritime surveillance and Intervention Solution


The maritime traffic is on the ascent, with growing ocean trade across the world. Maritime trade is the most established and highly preferred form of cargo import and export, as it can carry heavyweight goods. The rising seaway transportation has expanded the presence of various trading vessels in the sea, which has simultaneously increased the rate of ocean crimes around the world. This has prompted the adoption of MSI solutions to prevent ocean criminal activities such as illegal immigration, piracy, smuggling, and others. Besides, developing international pressure and terrorist activities have fortified the selection of MSI to reinforce the country's oceanic wellbeing and security. These are the development factors responsible for the growth of the Marine Surveillance and Intervention market.


Development of Upgraded Maritime surveillance and Intervention Aircraft to Deliver Optimized Surveillance and Intervention Facilities to Aid Growth


Trend-setting innovation-based frameworks, such as thermal imaging, automatic identification system, satellite radar, underwater robotic system, and long-range identification and tracking devices, are utilized for improving the capacities of sea reconnaissance and security activity. In this way, the interest in groundbreaking marine surveillance and intervention aircraft is expanding, which has coordinated the reconnaissance frameworks. These airplanes are uncommonly intended to screen sea development. If the sensor framework recognizes any unlawful movement, it will be straightforwardly sent to the oceanic law implementation group to deal with the circumstance further. For instance, the sea surveillance airplane fabricated by Saab AB is utilized for a variety of operations, such as safeguarding, illicit immigration control, search and rescue operations, coastline surveillance, and economic zone monitoring.


RESTRAINING FACTORS


Detection of Stealth Vessels and Constant Danger of Digital Assault to Hamper Growth


With developing technology, the development of stealth vessels is likewise expanding. The stealth vessels are difficult to detect with low generation monitoring system technology. So, there is a need to build an advanced surveillance solution. To develop an advanced system, a high initial cost is necessary, and that is the major challenge for the original equipment manufacturers. Moreover, the growing risk of cyber-attack inferred from changing war nature and marine territorial disputes among neighboring countries is another challenge that is hampering the growth of the market during the figure time frame.


SEGMENTATION


By Component Analysis 


Product Segment is Anticipated to Dominate Market Owing to the Increase in Development for Advance Surveillance Equipment’s 


Based on component, the market of marine surveillance and intervention is segmented into product and software. The product segment is expected to dominate the industry with the highest CAGR during the study period due to the growing number of product launches with advanced surveillance systems. Furthermore, in May 2022, Quad launched a range of new initiatives, including maritime security partnerships to develop vessel security solutions aimed at monitoring illegal fishing and other tactical activities.


By Application Analysis 


Surveillance and Tracking is Anticipated to Dominate the Maritime surveillance and Intervention Market Owing to the Cross Border Issues


By application, the market is divided into surveillance and tracking, navigation, Maritime traffic management, search and rescue, and others.  The surveillance and tracking segment is anticipated to dominate the maritime surveillance and intervention market share during the study period, along with the highest growth during the forecast. The growth in the segment is owing to the rise in cross-border tensions, leading to an increase in security systems.


The search & rescue segment is projected to grow at a significant rate during the study period. The increase in government investments and funding for the improvement of marine surveillance systems will boost the segment’s growth.  In July 2021, Canada's federal government announced a USD 1.5 million contribution to maritime security infrastructure to strengthen northern maritime search and rescue capabilities.


By End User Analysis 


Military Segment Dominated the Market Due to Increase in Investment by Various Government Authorities to Improve Maritime Surveillance System


In terms of end user, this market is segmented into military, commercial, and civil. The military segment is projected to dominate the market with the highest CAGR during the study period.  The rise in the naval fleet, the increase in investments for improved security solutions, improved risk assessment and investigation, and other such factors are anticipated to boost market growth.


The commercial segment is projected to show significant growth during the study period. The rise in segmental growth is due to the increase in fleet size in various regions and the increase in security system adoption in ports and critical infrastructure.


To know how our report can help streamline your business, Speak to Analyst


REGIONAL INSIGHTS


North America Maritime surveillance and Intervention Market Size, 2022 (USD billion)

To get more information on the regional analysis of this market, Request a Free sample


In terms of region, the market is analyzed across North America, Europe, Asia Pacific, Rest of the World. North America market was valued at USD 2.16 billion in 2022. During the marine surveillance and intervention market analysis, the growth in the region was attributed to the rising deployment of advanced maritime surveillance systems to deliver enhanced protection for coastline operations. Moreover, Canada has the longest coastline in the world, which is about 202,080 kilometers. Therefore, the Canadian marine industry would exhibit a high demand for MSI solutions. Also, supportive regulatory norms are boosting market growth in North America. 


Europe showcased the second largest share of the market in the base year in marine surveillance and intervention. The established maritime industry in the region and the high trade activities in Norway and Greece are driving the demand for marine surveillance and intervention market in Europe.


The Asia Pacific dominated the market during the forecast period. This growth is mainly attributed to high maritime activities in developing countries such as Japan, India, and China. Japan, China, and India have coastlines of about 29,751km, 14,500 km, and 7,516 km, respectively. Most of the trade-in China is done through the seaway. Thus, China would show a large adoption of surveillance solutions. Furthermore, the growing disputes and criminal activities in the Indian Ocean would lead to an increase in the procurement of advanced military vessels with integrated surveillance solutions to strengthen maritime security in India.


The Middle East market is expected to witness substantial growth during the forecast period. The strong demand for advanced industrial electronics and high-tech computing solutions in the Middle East & Africa region is set to accelerate market progress. Rest of the World is anticipated to show moderate growth in the market during the analysis time frame owing to increased demand for combat management surveillance systems.


KEY INDUSTRY PLAYERS


Strategic Collaboration and Product Innovation Have Propelled Market Growth for Major Key Players Including Saab AB, Raytheon Technologies and Others


The MSI market is fragmented, with various key players such as Saab AB, Raytheon Technologies Corporation, and Dassault Aviation SA, among others. Continuous product development and acquisition strategies are being adopted by the key players to sustain the competition. For instance, the French Armed Forces Minister signed a contract with Dassault Aviation SA. Under this contract, the company has agreed to deliver seven Falcon 2000LXS aircraft for maritime surveillance and intervention applications.


The growing focus on product innovation through technological collaboration and R&D investment also supports the key players to broaden their product portfolio.


LIST OF KEY COMPANIES PROFILES:



  • Indra Sistemas, S.A. (Spain)

  • Raytheon Technologies Corporation (U.S.)

  • Saab AB (Sweden)

  • Elbit Systems Ltd. (Israel)

  • Furuno Electric Co., Ltd. (Japan)

  • Bharat Electronics Limited (Bengaluru)

  • Dassault Aviation SA (France)

  • Naval Group (France)

  • Kongsberg Gruppen ASA (Norway)

  • SRT Marine Systems plc (U.K.)


KEY INDUSTRY DEVELOPMENTS:



  • April 2023 – DP World Southampton has extended its contract with facilities management and professional services company Mitie for another two years. With this contract extension, Mitie will continue to provide security services to DP World at U.K. deepwater container terminals in full compliance with the International Ships and Port Facilities Security Code (ISPS) and the Department of Transport's Maritime Security Division (MSD).

  • May 2023 – Marine surveillance and coastal surveillance technology company SRT Marine Systems has awarded a new customer a contract to equip an unnamed national coast guard in Southeast Asia with the first "SRT-MDA" marine surveillance system.

  • May 2023 - The U.S. Department of State has approved the sale of the Surveillance Towed Array Sensor System Expeditionary (SURTASS-E) mission system for the Vessels of Opportunity (VOO) to the Australian government at an estimated cost of USD 207 million.

  • March 2022 - India's Ministry of Defense has announced that it has signed a contract worth USD 108.17 with L&T Shipyard in Kattupalli (Chennai) to build two multi-purpose vessels. These ships are versatile in maritime surveillance and patrol, torpedo launch/recovery, artillery fire, and the operation of various types of air, surface, and underwater targets for anti-submarine use.

  • October 2022 - Ocean Power Technologies, was selected by Amentum Services for its USD 529,025 procurement. Ocean Power Technologies provides land, air, space, port, and coastal surveillance services to the U.S. Department of Defense (DoD) Intelligence Analysis Center (IAC) in support of the U.S. Department of Homeland Security (DHS).

  • February 2021 - Honeywell has announced a large-scale contract from SEPCO Electric Power Construction Corporation (SEPCO) to supply network control, telecommunications, and security systems for the Aramco-operated King Salman Maritime Industry and Services shipyard in Ras Al-Keir, Saudi Arabia, Arabia.


REPORT COVERAGE


The market report provides a detailed analysis of the market. It comprises all major aspects, such as R&D capabilities, and optimization of the manufacturing process in global maritime surveillance and intervention systems. Moreover, the report offers insights into the market trends and highlights key industry developments in marine security management. In addition to the above-mentioned factors, it focuses on several factors that have accelerated the global market growth in recent years.


To gain extensive insights into the market, Request for Customization


Report Scope & Segmentation























































ATTRIBUTE



DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 7.1% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



By Component, Application, End-user, and Geography



By Component



  • Product

  • Software



By Application



  • Surveillance and Tracking

  • Navigation

  • Maritime traffic management

  • Search & Rescue

  • Others



By End-user



  • Military

  • Commercial

  • Civil



 




  • North America (By Component, Application, End-user, and Country)

    • U.S. (By End User)

    • Canada (By End User)



  • Europe (By Component, Application, End-user , and Country)

    • U.K. (By End User)

    • Germany (By End User)

    • France (By End User)

    • Russia (By End User)

    • Greece (By End User)

    • Norway (By End User)

    • Rest of Europe (By End User)



  • Asia Pacific (By Component, Application, End-user, and Country)

    • China (By End User)

    • Japan (By End User)

    • India (By End User)

    • South Korea (By End User)

    • Rest of Asia Pacific (By End User)



  • Rest of the World (By Component, Application, End-user, and Country)

    • Middle East & Africa (By End User)

    • Latin America (By End User)




 



 





Frequently Asked Questions

As per a study by Fortune Business Insights, the market size was USD 19.94 billion in 2022.

The market is likely to grow at a CAGR of 7.1% over the forecast period of 2023-2030.

Surveillance and Tracking segment is expected to lead the market due to increase in security due to cross border tension.

The market size in Greece stood at USD 1.19 billion in 2022.

Growing focus on strengthening maritime safety and security are the key factors driving market growth.

Some of the top players in the market are Indra Sistemas, S.A. (Spain), Raytheon Technologies Corporation (The U.S.), Saab AB (Sweden), Elbit Systems Ltd. (Israel), Furuno Electric Co., Ltd. (Japan) and others.

The U.S. dominated the market in terms of growth in its marine fleet in 2022.

Detection of Stealth Vessels and Constant Danger of Digital Assault to Hamper Growth

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2030
  • 2022
  • 2019-2021
  • 180

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Aerospace & Defense Clients

Gallagher
Accenture
Airbus
Dupont
Itic

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X