According to the recent study the maritime services and security market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 6% to 8% from 2023 to 2028. Growth in this market is primarily driven by rising need to manage complex supply chain operations and increasing sustainability across the marine industry, increasing trade and freight transport activities through the sea, and rising need to create awareness about maritime safety.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in maritime services and security market by component (solutions and services), security type (port and critical infrastructure security, coastal surveillance, vessel security, crew security, cargoes and containers safety, ship system and equipment (SSE) safety, and other security type), system (ship security reporting system, automatic identification system (AIS), global maritime distress safety system (GMDSS), long range tracking and identification (LRIT) system, vessel monitoring and management system, and other system), application (loss prevention and detection, security management, counter piracy, coastal monitoring, safety of ship, and pollution prevention and response (PPR) management), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
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“Services market is expected to remain the largest segment during the forecast period.”
Based on component, the maritime services and security market is segmented into solutions and services. Lucintel forecasts that the services market is expected to remain the largest segment due to increased outsourcing of safety system installation, maintenance in the shipping industry, and growing government initiatives to improve maritime safety.
“Within the maritime services and security market, the loss prevention and detection segment is expected to remain the largest application”
Based on application the loss prevention and detection segment is expected to witness the highest growth over the forecast period due to increasing investment in loss prevention systems and early detection of danger by the shipping industry.
“North America will dominate the maritime services and security market in near future”
North America will remain the largest region due to increasing investments in maritime security system technologies, expanding the presence of maritime safety system suppliers, and growing government backing for the naval security system.
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Major players of maritime services and security market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Honeywell International, Thales Group, Smith’s Group, Elbit Systems, Northrop Grumman, Westminster Group, Raytheon Anschutz, Saab Group, OSI Maritime Systems, and BAE Systems are among the major maritime services and security providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/maritime-safety-and-security-market.aspx or [email protected]