Global Maritime Security Market to Reach USD 67.54 Billion by 2032 | CAGR of 9.2%
Category : Aerospace and Defence | Published Date : Jan 2025 | Type : Press Release
Maritime Security Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Maritime Security Market was valued at USD 33.50 billion in 2024 and is projected to grow at a CAGR of 9.2%, reaching USD 67.54 billion by 2032. Maritime security encompasses strategies, technologies, and measures designed to safeguard vessels, ports, and offshore facilities from threats such as piracy, smuggling, illegal fishing, and terrorism. It integrates surveillance systems, communication networks, and protective measures to ensure the safety of maritime operations and the security of global trade routes.
The report comprises the Maritime Security Market Share, Size & Industry Analysis, based on Component (Hardware, Software, Services), Security Type (Port Security, Vessel Security, Coastal Surveillance, Offshore Facility Security), System Type (Perimeter Intrusion Detection Systems, Command & Control Systems, Communication Systems), Application (Surveillance & Reconnaissance, Anti-Piracy, Search and Rescue, Disaster Response, Others), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2025-2032.
The report contains detailed information on Maritime Security Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The rising incidents of piracy, smuggling, and illegal fishing are significantly driving the demand for maritime security systems. Additionally, the integration of artificial intelligence (AI) and advanced underwater threat detection systems presents significant growth opportunities for enhancing maritime surveillance and operational efficiency.
Segmental Analysis :
Based on component, the market is segmented into Hardware, Software, and Services.
- Hardware dominated the market in 2024 due to the extensive use of radars, sonars, AIS systems, and high-performance sensors for real-time monitoring and security of maritime operations.
- Services are projected to witness the fastest growth, driven by the increasing need for consulting, integration, and maintenance services to support advanced maritime security systems.
Based on security type, the market is segmented into Port Security, Vessel Security, Coastal Surveillance, and Offshore Facility Security.
- Port security held the largest share in 2024, fueled by increased investments in securing ports against smuggling, piracy, and cyberattacks.
- Coastal surveillance is expected to grow at the fastest rate, supported by rising incidents of illegal fishing, drug trafficking, and unauthorized border crossings, along with advancements in surveillance technologies.
Based on system type, the market is segmented into Perimeter Intrusion Detection Systems, Command & Control Systems, and Communication Systems.
- Command & Control Systems dominated the market in 2024, due to their critical role in real-time data integration and operational decision-making for maritime security.
- Communication Systems are expected to grow rapidly, driven by the demand for secure and uninterrupted connectivity among vessels, ports, and offshore facilities.
Based on application, the market is segmented into Surveillance & Reconnaissance, Anti-Piracy, Search and Rescue, Disaster Response, and Others.
- Surveillance & Reconnaissance accounted for the largest market share in 2024, reflecting increased investments in monitoring maritime zones to safeguard assets and personnel.
- Search and Rescue is anticipated to grow at the fastest CAGR due to the rising need for efficient rescue operations in response to maritime accidents and natural disasters.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific led the market in 2024, valued at USD 9.87 billion, with China accounting for 33.6% of the regional share, driven by increasing maritime trade activities and security investments.
- North America is projected to grow steadily, reaching over USD 21.89 billion by 2032, supported by substantial defense budgets and advanced surveillance systems.
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 | USD 67.54 Billion |
| CAGR (2025-2032) | 9.2% |
| Component | Hardware, Software, Services |
| Security Type | Port Security, Vessel Security, Coastal Surveillance, Offshore Facility Security |
| System Type | Perimeter Intrusion Detection Systems, Command & Control Systems, Communication Systems |
| Application | Surveillance & Reconnaissance, Anti-Piracy, Search and Rescue, Disaster Response, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Maritime Security Industry:
- BAE Systems (UK)
- Thales Group (France)
- Raytheon Technologies (USA)
- Northrop Grumman Corporation (USA)
- Lockheed Martin Corporation (USA)
- SAAB AB (Sweden)
- Leonardo S.p.A. (Italy)
- Elbit Systems Ltd. (Israel)
- Kongsberg Gruppen (Norway)
- Honeywell International Inc. (USA)
Recent Industry Developments :
- November 2024: The U.S. Department of Defense launched the Maritime Security Consortium (MARSEC) to enhance Southeast Asian maritime security through a $95 billion annual investment in technology demonstrations and security cooperation.
- June 2024: Thales Group introduced a new maritime surveillance radar system integrated with AI for advanced detection and response capabilities.
- March 2024: BAE Systems secured a contract to supply coastal surveillance systems to bolster port security and vessel monitoring.
