The global maritime security market size was US$ 20.2 billion in 2021. The global maritime security market size is forecast to reach US$ 37.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.3% during the forecast period from 2022 to 2030.

Maritime security protects vessels, ports, and infrastructure in maritime shipping against terrorism, sabotage, and treason. Superior and modern technology is used in maritime security to detect various risks and communicate with all available officials. It also provides a service that assists in detecting and eradicating potential threats, such as terrorist attacks, financial crimes, environmental harm, illegal immxigration, and piracy. These threats disrupt international trade while

Factors Influencing Market Growth

The growing number of threats, greater awareness of the need for maritime security, rules requiring security standards, and the development of international trade by water are driving the global industry.
Economic downturns and ungoverned marine regions may slow down the overall market growth.
Some of the worldwide market's growth opportunities include technological innovation and the development of integrated solutions.
The market will also benefit from the deployment of smart containers, which are shipping containers equipped with sensors that track and report data.
Impact Analysis of COVID-19

The demand for international sea trade declined dramatically in 2020 owing to the COVID-19 pandemic 2020. On the other hand, port operators invested in artificial intelligence, big data, the internet of things, and blockchain to improve operational efficiency, reduce environmental impacts, and improve facility security. Thus, the COVID-19 pandemic had a minimal impact on the global market.

Regional Insights

The Asia Pacific region is forecast to register lucrative growth in the market during the forecast period. Rising global sea trade drives the maritime security market. In addition, the growing number of terrorist threats, increasing awareness about the need for a better security system, and restrictions in favor of necessitating security standards fuels the maritime security market. Technical advancement and expansion of integrated security solutions are likely to provide growth opportunities for the global players to demonstrate themselves in the emerging markets of the Asian region.

Leading Competitors

The leading prominent companies profiled in the global maritime security market are:

SAAB AB
Leonardo S.p.A
Elbit Systems Ltd.
Thales Group
Airbus SE
BAE Systems PLC
Westminster Group PLC
Kongsberg Gruppen ASA
Terma AS
Smiths Group PLC
OSI Systems Inc.
Nuctech Company Limited
Leidos Holdings Inc.
Scope of the Report

The global maritime security market segmentation focuses on Technology, Type, and Region.

Segmentation based on Technology

Screening and Scanning
Communications
Surveillance and Tracking
Detectors
Other Technologies
Segmentation based on Type

Port and Critical Infrastructure Security
Vessel Security
Coastal Surveillance
Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America