Technavio
Announces the Publication of its Research Report Global Maritime Security
Market 2016-2020
Technavio recognizes the following companies as the key players in the global maritime security market: BAE Systems, Elbit Systems, FLIR Systems, Harris, Northrop Grumman, Raytheon, and SAAB
Other Prominent Vendors in the market are: Boeing, Enterprise Control Systems, Kelvin Hughes, Klein Marine Systems, Kongsberg Gruppen, Safran, SIGNALIS, TERMA, Thales, and Ultra Electronics
Commenting on the report, an analyst from Technavios team said: The growing need to protect marine ports from advanced security threats is leading to an increased adoption of multiple security technologies worldwide across ports, vessels, and harbors. However, the adoption of various security technologies has increased infrastructural complexities. Therefore, the end-users are finding it difficult to manage these technologies. To overcome such challenges, companies opt for converged security technologies, which combine multiple security technologies in a single solution. Since the cost of implementing various security technologies is higher than one converged, the adoption of the same is rapid. Therefore, the convergence of multiple technologies is an emerging trend, which is expected to have a positive impact on the market during the forecast period.”
Technavio recognizes the following companies as the key players in the global maritime security market: BAE Systems, Elbit Systems, FLIR Systems, Harris, Northrop Grumman, Raytheon, and SAAB
Other Prominent Vendors in the market are: Boeing, Enterprise Control Systems, Kelvin Hughes, Klein Marine Systems, Kongsberg Gruppen, Safran, SIGNALIS, TERMA, Thales, and Ultra Electronics
Commenting on the report, an analyst from Technavios team said: The growing need to protect marine ports from advanced security threats is leading to an increased adoption of multiple security technologies worldwide across ports, vessels, and harbors. However, the adoption of various security technologies has increased infrastructural complexities. Therefore, the end-users are finding it difficult to manage these technologies. To overcome such challenges, companies opt for converged security technologies, which combine multiple security technologies in a single solution. Since the cost of implementing various security technologies is higher than one converged, the adoption of the same is rapid. Therefore, the convergence of multiple technologies is an emerging trend, which is expected to have a positive impact on the market during the forecast period.”
Sample report: https://marketreportscenter.com/reports/470100/global-maritime-security-market-2016-2020#
According to
the report, there has been a noticeable expansion in seaborne trade because of
the growth in the world economy. The economy of China is growing rapidly, and
its GDP per capita is expected to increase substantially during 2016-2020.
However, it has been observed that China was the largest contributor in
seaborne trade during 2010-2015. The rapid increase in global seaborne trade
traffic in recent years have increased the demand for maritime security to
provide continuous real-time surveillance of harbor and ports and tracking and
tracing information of vessels during the journey.
Further, the report states that despite potential benefits associated with maritime security technologies, certain small ports and harbors are refraining from investing in them due to high maintenance, repair, and upgrade costs. High initial investment is required for the implementation and maintenance of maritime security technologies such as radars, surveillance, warning systems, and detectors. In addition, professional expertise is required for the maintenance of maritime security technologies. However, there is a shortage of workforce well-versed in the field of maintaining maritime technologies. These factors are expected to hinder market growth during the forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Get discount: https://marketreportscenter.com/request-discount/470100
Further, the report states that despite potential benefits associated with maritime security technologies, certain small ports and harbors are refraining from investing in them due to high maintenance, repair, and upgrade costs. High initial investment is required for the implementation and maintenance of maritime security technologies such as radars, surveillance, warning systems, and detectors. In addition, professional expertise is required for the maintenance of maritime security technologies. However, there is a shortage of workforce well-versed in the field of maintaining maritime technologies. These factors are expected to hinder market growth during the forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Get discount: https://marketreportscenter.com/request-discount/470100
About Maritime Security
Maritime security is related to the protection of ports and harbors, coastal facilities, vessels, and port critical infrastructure from sabotage and terrorism. It includes advanced technologies to detect hazards and communicate with marine authorities to combat potential threats. Maritime activities continue to broaden beyond the international transport of goods, fishing and aquaculture, recreation and tourism, and extraction of non-renewable marine-based resources. The maritime industry is facing a number of serious threats — such as terrorist attacks, environmental destruction, illegal seaborne immigration, transactional crimes, and piracy that not only disrupt international trade but also cause political unrest, making the adoption of maritime security crucial for marine authorities.
Technavios analysts forecast the global maritime security market to grow at a CAGR of 6.27% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global maritime security market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of maritime security solutions.
The market is divided into the following segments based on geography:
• APAC
• Europe
• MEA
• North America
• South America
Technavio's report, Global Maritime Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• BAE Systems
• Elbit Systems
• FLIR Systems
• Harris
• Northrop Grumman
• Raytheon
• SAAB
Other prominent vendors
• Boeing
• Enterprise Control Systems
• Kelvin Hughes
• Klein Marine Systems
• Kongsberg Gruppen
• Safran
• SIGNALIS
• TERMA
• Thales Group
• Ultra Electronics
Market driver
• Increasing maritime security concerns
• For a full, detailed list, view our report
Market challenge
• High implementation costs
• For a full, detailed list, view our report
Market trend
• Introduction of new technologies
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Maritime security is related to the protection of ports and harbors, coastal facilities, vessels, and port critical infrastructure from sabotage and terrorism. It includes advanced technologies to detect hazards and communicate with marine authorities to combat potential threats. Maritime activities continue to broaden beyond the international transport of goods, fishing and aquaculture, recreation and tourism, and extraction of non-renewable marine-based resources. The maritime industry is facing a number of serious threats — such as terrorist attacks, environmental destruction, illegal seaborne immigration, transactional crimes, and piracy that not only disrupt international trade but also cause political unrest, making the adoption of maritime security crucial for marine authorities.
Technavios analysts forecast the global maritime security market to grow at a CAGR of 6.27% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global maritime security market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of maritime security solutions.
The market is divided into the following segments based on geography:
• APAC
• Europe
• MEA
• North America
• South America
Technavio's report, Global Maritime Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• BAE Systems
• Elbit Systems
• FLIR Systems
• Harris
• Northrop Grumman
• Raytheon
• SAAB
Other prominent vendors
• Boeing
• Enterprise Control Systems
• Kelvin Hughes
• Klein Marine Systems
• Kongsberg Gruppen
• Safran
• SIGNALIS
• TERMA
• Thales Group
• Ultra Electronics
Market driver
• Increasing maritime security concerns
• For a full, detailed list, view our report
Market challenge
• High implementation costs
• For a full, detailed list, view our report
Market trend
• Introduction of new technologies
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Table
of content: https://marketreportscenter.com/reports/470100/global-maritime-security-market-2016-2020#toc
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