The maritime security market was estimated to be worth USD 25.2 billion globally in 2022, and over the forecast period, a CAGR of 7.5% is anticipated. Maritime security is the defense of ships against threats from the outside world as well as from within, such as robbery, terrorism, pollution, and illegal fishing. Demand for economic growth, human security, and national security is rising.
The naval forces are taking these measures in an effort to combat slavery, hijacking, and other illicit activity. Growing need for national security in all its forms is mostly behind this market's expansion. Smuggling, illicit fishing, growing security challenges, and increased marine trade are the main drivers propelling the market's growth.

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Growth Drivers
The need for cutting-edge security solutions is being driven by the growth of terrorist operations, smuggling, illegal fishing, piracy, and other illicit activities that pose serious security concerns to maritime assets. Maritime stakeholders are obligated to invest in security technology and services in order to maintain compliance and eliminate risks, as a result of strict laws and mandates set by international bodies and the government.
More effective and efficient marine security operations are made possible by innovations in surveillance systems, access control, cyber security, biometrics, and autonomous technologies. This encourages adoption and investment in cutting-edge solutions. The risk associated with cyber security solutions specifically designed for the maritime industry is increased by the growing digitization and interconnectedness of maritime systems and activities. Insurance companies frequently demand that ships and marine operators put in place sufficient security measures to reduce risks, which encourages investments in marine security systems.
Segmentation
Systems
· Screening and Scanning
· Communications
· Surveillance and Tracking
· Other Systems
Type
· Port and Critical Infrastructure Security
· Vessel Security and Coastal Security
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Europe
· Middle East and Africa
Key Players
· Augusta Westland
· FLIR Systems
· Lockheed Martin
· Northrop Grumman
· BAE Systems
· Kongsberg
· OSI Maritime Systems
· Terma and Elbit Systems
· Thales Group
· AAI
· Other Players

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