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Maritime Surveillance and Intervention Market Size, Share & COVID-19 Impact Analysis, By System (Detectors, Combat Management Systems, Surveillance and Tracking, Geographic Information System (GIS)), By Services (Risk Assessment and Investigation, Maintenance and Support, Security Management), By Application (Port and Critical Infrastructure Facility, Vessel Security, Coastal Surveillance, and Search and Rescue), and Regional Forecast, 2020-2027

Region : Global | Format: PDF | Report ID: FBI103458

 

KEY MARKET INSIGHTS

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The global maritime surveillance and intervention (MSI) market size was valued at USD 18.80 billion in 2019 and is projected to reach USD 33.76 billion by 2027, exhibiting a CAGR of 9.86% during the forecast period.


Maritime surveillance and intervention systems are used to optimize maritime security. The MSI comprises various components systems 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 for 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 the increments in oceanic crimes. The MSI can provide protection solutions against various seaways crimes, such as smuggling, piercing, drug trafficking, illegal immigration, human trafficking, illicit fishing, 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 the neighboring countries in high growth regions would showcase an increase in the demand for MSI solutions during the forecast period.


Demand for Maritime Surveillance UAV To Surge During COVID-19 Crisis


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


LATEST TRENDS


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Rising Adoption of Robotic Technology to Enhance Maritime Surveillance Capabilities


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 uplift the surveillance capabilities to the next level. These solutions consist of advanced electronic components such as high-quality cameras, advanced sensors, and laser profilers, among others. For instance, Kongsberg Gruppen ASA designed autonomous underwater vehicles, namely 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.


DRIVING FACTORS


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


The maritime traffic is ceaseless 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 trader vessels in the sea, which has simultaneously increased the rate of ocean crimes around the world. This has prompted the adoption of surveillance and intervention solutions to prevent ocean criminal activities such as piracy, illegal immigration, smuggling, and others. Besides, developing international pressure and terrorist activities have fortified the selection of MSI to reinforce the country's oceanic well-being and security. These are the development factors liable to fueled the growth of the market of MSI.


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


The trend-setting innovation-based frameworks, such as satellite radar, thermal imaging, automatic identification system, underwater robotic system, and long-range identification and tracking device, are utilized for improving the capacities of sea reconnaissance and security activity. In this way, the interest in groundbreaking MSI aircraft is expanding, which has coordinated the reconnaissance frameworks. These airplanes are uncommonly intended to screen sea development. If the sensor framework would recognize any unlawful movement, it will get 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 control immigration, search and rescue operation, coastline surveillance, and economic zone monitoring. Additionally, the Dassault Aviation SA has agreed to plan another age MSI airplane for the French protection activity.


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 up an advanced surveillance solution. To develop an advanced system, the high initial cost is necessary, and that is the major challenge to the original equipment manufacturers. Moreover, the growing risk of cyber-attack inferable from changing war nature and marine territorial disputes among the neighboring countries is another challenge that is hampering the growth of the MSI market during the figure time frame.


SEGMENTATION


By System Analysis


Surveillance and Tracking to Dominate the Largest Share of the Market


Based on the system, the market is divided into detectors, combat management systems, surveillance and tracking, geographic information system, and others. The other segment included systems, such as weather monitoring, alarm system, and the E-navigation system. The surveillance and tracking segment has registered the largest Maritime Surveillance and Intervention market share in the base year. This high share is attributed to the rising adoption of radars, advanced sensors, and remotely operated vehicle (ROV) for underwater monitoring applications. For instance, SAAB AB is offering a new series of electric robotic systems for underwater applications, namely, Falcon intervention underwater ROV.


By Services Analysis


Security Management Segment to Dominate Stoked by Rising Usage in Various Industries


Based on services, the market for Maritime Surveillance and Intervention is segmented into risk assessment and investigation, maintenance and support, security management, and others. The other segment includes services such as consulting, training, and loss prevention. The surging maritime operations such as transportation, fishing, energy generation, and oil and gas processing are escalating the demand for security management services to protect their operation areas. The risk assessment and investigation segment is estimated to display a significant CAGR during 2020-2027 owing to a rise in the development of advanced intervention technologies.


By Application Analysis


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Increased demand for MSI Systems in Vessel Security Application to Drive Segment Growth


In terms of application, the market for Maritime Surveillance and Intervention is segmented into port and critical infrastructure facilities, vessel security, coastal surveillance, and search and rescue. The coastline surveillance segment has register the largest share in 2019. This large share is attributed to an increased focus on strengthening maritime security owing to the increased disputes among neighboring countries, terrorist attacks, and the changing nature of Warfield in developed and developing nations. The vessel security segment would display the fastest growth during the forecast period. This growth is attributed to the rising number of cargo vessels for sea trade operations. Therefore, to protect the vessels from a collision and also to control criminal activities such as piracy, illegal immigration, drug trafficking, and illegal fishing, the surveillance solutions are used.


REGIONAL INSIGHTS


North America Maritime Surveillance and Intervention Market Size, 2019 (USD Billion)

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The maritime surveillance and intervention market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. North America dominated the MSI market with the largest share in the base year. This growth is 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, the supportive regulatory compliances norms are boost the maritime market growth in North America. 


Europe showcased a significant share of the market in the base year. The established maritime industry in the region and the high trade activities in the U.K. are driving the demand for MSI solutions in Europe.


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The Asia Pacific maritime would display the fastest market growth during the forecast period. This growth is mainly attributed to high maritime activities in developing countries such as China, India, and Japan. Japan, China, and India have a coastline 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.


KEY INDUSTRY PLAYERS


Strategic Collaboration and Product Innovation Have Propelled Saab AB, Raytheon Technologies, and Dassault Aviation SA


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 in the competition. For instance, the French Armed Force 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 application.


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 PROFILED:



  • Yaltes (Turkey)

  • Indra Sistemas, S.A. (Spain)

  • Raytheon Technologies Corporation (The 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 (The U.K.)


KEY INDUSTRY DEVELOPMENTS:



  • February 2020 – Bengaluru-based Bharat Electronics Limited added five commands and control (CC) centers and 38 radar stations along the coastline for the Indian coast guard to enhance maritime security.

  • November 2019 – Indra Sistemas S.A., headquartered in Spain, announced the successful testing of its European Maritime Operations Center prototype. The main aim of designing this prototype is to enhance maritime situational awareness and surveillance capabilities. This advanced command and control systems solution is designed with Leonardo. The testing of this prototype has been carried out in naval exercise in the presence of the participating Navies such as France, Portugal, Greece, Italy, and Spain.


REPORT COVERAGE


An Infographic Representation of Maritime Surveillance and Intervention Market

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The MSI market research report provides a detailed analysis of the market. It focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into the Maritime Surveillance and Intervention market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the advanced market over recent years.


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Report Scope & Segmentation


















































 ATTRIBUTE



  DETAILS



Study Period



   2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



Segmentation



  System; Services; Application and Geography



 



By System



  • Detectors

  • Combat Management Systems

  • Surveillance and Tracking

  • Geographic Information System (GIS)

  • Others



 



By Services



  • Risk Assessment and Investigation 

  • Maintenance and Support 

  • Security Management

  • Others



 



ByApplication                                                                                                                                 



  • Port and Critical Infrastructure Facility

  • Vessel Security

  • Coastal Surveillance

  • Search and Rescue



 



By Geography



  • North America (USA, Canada)

  • Europe (The U.K., Germany, France, Rest of Europe)

  • Asia Pacific (India, Japan, China, Rest of Asia Pacific)

  • Rest of the World (South America, The Middle East & Africa)



Frequently Asked Questions

Fortune Business Insights says that the global maritime surveillance and intervention market size was USD 18.80 billion in 2019 and is projected to reach USD 33.76 billion by 2027.

Growing at a CAGR of 9.86%, the market will exhibit steady growth in the forecast period (2020-2027).

The growing focus on strengthening maritime safety and security is the key driver of the market.

Saab AB, Raytheon Technologies Corporation, and Dassault Aviation SA are few of the leading players in the global market.

Technological collaboration and continuous product development are the strategies implemented by the key players in the market.

Europe dominated the global market in terms of share in 2019.

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Maritime Surveillance and Intervention Market Size, Share and Global Industry Trend Forecast till 2026
  • Aug, 2020
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