Maritime Surveillance and Intervention Global Market Report 2023

The maritime surveillance and intervention refers to an activity used to optimize maritime security. The primary purpose of marine surveillance and intervention is to achieve a level of situation awareness that enables the timely identification and prevention of events that affect maritime security, the environment, and border control.

The main systems of maritime surveillance and intervention are detectors, combat management system, surveillance and tracking, and geographic information system (GIS). Detectors refers to system which offers visual and aural signals, as well as possible alarms in other areas of the vessel. Detectors are intended to provide a visible and auditory warning on the vessel in the event of specific failures or erratic movement. The service included are are risk assessment and investigation, maintenance and support, and security management, which are applied in naval, coast guard, and others.

The global maritime surveillance and intervention market is expected to grow from $23.54 billion in 2022 to $26.05 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The maritime surveillance and intervention market is expected to reach $37.33 billion in 2027 at a CAGR of 9.4%.

The maritime surveillance and intervention market research report is one of a series of new reports that provides maritime surveillance and intervention market statistics, including maritime surveillance and intervention industry global market size, regional shares, competitors with a maritime surveillance and intervention market share, detailed maritime surveillance and intervention market segments, market trends and opportunities, and any further data you may need to thrive in the maritime surveillance and intervention industry. This maritime surveillance and intervention market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Advancement in technology is a key trend gaining popularity in the maritime surveillance and intervention market. Major players operating in maritime surveillance and intervention are focused on developing technologically advanced solutions such as enabling artificial intelligence, big data analytics, IoT, digital route management, surveillance satellite, and autonomous control system to strengthen their market position. For instance, in July 2021, Elecnor Deimos, a Spain-based aerospace and defense company, launched a Neptune CubeSat, a maritime surveillance satellite. This Elecnor Deimos satellite is entirely dedicated to marine surveillance that uses cutting-edge technologies such as 3D printing, the usage of new materials such as ULTEM®, artificial intelligence, and intelligent sensorisation. It has advanced information technology capable of assessing millions of data collected by ground stations using artificial intelligence technology.

In January 2022, Torch.AI, a US-based artificial intelligence (AI) powered ultra-high speed data processing company, acquired B23 for an undisclosed amount. This acquisition of B23's experience in applying machine learning to real-world situations, paired with Torch.AI's software platform, Nexus, which would broaden the company's existing work by helping the United States Navy in remarkable ways. B23 is a Virginia-based maritime surveillance company.

North America was the largest region in the maritime surveillance and intervention market in 2022. The regions covered in the maritime surveillance and intervention report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the maritime surveillance and intervention market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The rising trade and freight activities by sea are expected to propel maritime surveillance and intervention market growth going forward. Maritime trade refers to the use of ships to move commodities by sea. The lower emissions on long voyages and transportation costs assist producers in adopting sea route for long haul feet. Sea transport is more cost-effective and environmentally friendly than other methods of transporting commodities long distances as it hails many products handled in a single journey. Due to such benefits of sea-borne trade, there is an increase in the demand for maritime surveillance and intervention to ensure an adequate response to any emergent maritime safety or security scenario. For instance, according to Maritime Transport 2021 report prepared by United Nations Conference on Trade and Development (UNCTAD), the global commercial shipping fleet, which includes bulk carriers, oil tankers, container ships, general cargo ships, and other types of ships, has reached 2, 134, 640 (thousand dead-weight tons) in 2021, an increased by 3.04% from 2, 071, 638 in 2020. Therefore, rising trade and freight activities by sea will drive the maritime surveillance and intervention market.

The maritime surveillance and intervention market includes revenues earned by entities by providing vessel traffic services, offshore energy, maritime security, atmosphere monitoring, emergency management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Major players in the maritime surveillance and intervention market are Indra Sistemas S.A, Saab AB, Raytheon Technologies, Elbit Systems Ltd., Furuno Electric Co Ltd., SRT Marine Systems plc, Kongsberg Gruppen ASA, Neptune Maritime Security, Securewest International, Dasssault Aviation, Naval Group, Hart Maritime, Seagull Maritime Security, Solace Global, and Maritime/Air Systems & Technologies (MAST).



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