Maritime Surveillance and Intervention Market Report Probes the 19.94 USD Billion Size, Share, Growth Report and Future Analysis by 2032

Key Insights

The Maritime Surveillance and Intervention Market size was valued at USD 19.94 USD Billion in 2023 and is projected to reach USD 32.23 USD Billion by 2032, exhibiting a CAGR of 7.1 % during the forecast period. Maritime surveillance and intervention is the act of overseeing the behaviours of actors in the maritime domain and oversight when necessary within the parameters of the law. It covers diverse varieties, such as coastal security, offshore security, and port security. Some of the key features of MSI are situational awareness in real-time, and the usage of innovative tools such as radar, satellite, drone, besides, the overall awareness obtained from the various sources of data. MSI applications are diverse, including border security, searching for pirate fishing vessels, climate change monitoring, and emergency operations. The benefits are significant: Maritime security expansion, combating of Special Interest Groups’ activities, defence of marine ecosystems, and managing emergencies. Thus, effective MSI contributes to maintaining maritime domains more secure, sustainable and effectively managed for sustaining trade and economic stability at the global level.

Maritime Surveillance and Intervention Trends

• Growing integration of advanced technologies like AI, ML, and IoT
• Increasing adoption of unmanned surveillance systems
• Enhanced collaboration between maritime stakeholders for improved situational awareness

Driving Forces: What's Propelling the Maritime Surveillance and Intervention Market

• Heightened Maritime Security Concerns: Growing global tensions, geopolitical conflicts, and maritime terrorism have heightened concerns over marine safety and security.
• Demand for Advanced Surveillance Technologies: Advancements in technology, including artificial intelligence (AI), machine learning (ML), and unmanned systems, have created a need for more efficient and effective surveillance solutions.
• Stricter Regulatory Compliance: International and national regulations, such as the International Maritime Organization (IMO)'s regulations, impose compliance requirements on maritime vessels and coastal authorities, driving demand for advanced surveillance and intervention systems.
• Technological Innovations and Cost Reductions: Ongoing developments in sensor technologies, data analysis techniques, and communication systems have reduced the costs of deploying and maintaining maritime surveillance systems.
• Expansion of Maritime Infrastructure: Growing global trade and economic activities have led to increased investments in maritime infrastructure, such as ports, terminals, and offshore installations, further fueling the need for enhanced surveillance and security measures.

Challenges and Restraints in Maritime Surveillance and Intervention Market

• Data privacy and cybersecurity concerns
• High cost of deployment and maintenance
• Lack of skilled personnel
• Limited standardization and interoperability
• Environmental challenges

Emerging Trends in Maritime Surveillance and Intervention

• Smart maritime surveillance systems
• Real-time surveillance and data analytics
• Maritime situational awareness platforms
• Unmanned surface and underwater vehicles

Growth Catalysts in the Maritime Surveillance and Intervention Industry

• Government initiatives and support
• Private sector investments and partnerships
• Technological breakthroughs
• Increasing demand for maritime security services

Market Segmentation: Maritime Surveillance and Intervention Analysis

Component:

• Product
• Software

Application:

• Surveillance and Tracking
• Navigation
• Maritime traffic management
• Search and Rescue
• Others

End User:

• Military
• Commercial
• Civil

Leading Players in the Maritime Surveillance and Intervention Market

• 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.)

Significant Developments in the Maritime Surveillance and Intervention Sector

April 2023: DP World Southampton extends contract with Mitie for security services. 

May 2023: SRT Marine Systems secures contract to equip Southeast Asian coast guard with a marine surveillance system. 

May 2023: U.S. approves USD 207 million sale of SURTASS-E system to Australia. 

March 2022: India signs contract for construction of two multi-purpose vessels for maritime surveillance. 

October 2022: Ocean Power Technologies receives a USD 529,025 contract for maritime surveillance services. 

February 2021: Honeywell secures contract for network control and security systems for Aramco shipyard.

Comprehensive Coverage Maritime Surveillance and Intervention Market Report

This report provides a comprehensive analysis of the Maritime Surveillance and Intervention Market, covering:

• Market size and growth projections
• Market trends and competitive landscape
• Driving forces and challenges
• Market segmentation and analysis
• Emerging trends and growth catalysts
• Leading players and significant developments
• Regional market insights
• Key industry insights and implications

Regional Insight

The market is geographically divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is projected to dominate the market, driven by rapid economic growth, increased maritime trade, and a focus on enhancing coastal security. Europe and North America are also key markets due to established maritime industries and advanced surveillance technologies. Latin America and the Middle East & Africa regions are witnessing growing investments in maritime infrastructure and surveillance systems.