Maritime surveillance and Intervention Market Size, Share & COVID-19 Impact Analysis, By Component (Product, Software), By Application (Surveillance and Tracking, Navigation, Maritime traffic management, Search and Rescue, and Others), By End User (Military, Commercial, Civil), and Regional Forecast, 2023-2030

The global maritime surveillance and intervention market size was valued at USD 19.94 billion in 2022 and is projected to grow from USD 22.18 billion in 2023 to USD 35.87 billion by 2030, registering a CAGR of 7.1% during the forecast period. North America dominated the maritime surveillance and intervention market with a market share of 10.83% in 2022.

Maritime surveillance and intervention systems are used to optimize maritime security. The MSI comprises various components such as combat management systems, detectors, surveillance, tracking system, geographic information system (GIS), and others. They are used to perform reconnaissance operations. The advanced surveillance and intervention solutions are used to offer help in securing merchant vessels, coastal lines, ports, and critical infrastructure facilities. The rising sea traffic due to an expansion in payload vessels for transportation simultaneously sees increments in oceanic crimes.

The MSI can provide protection solutions against various seaway crimes, such as drug trafficking, human trafficking, illegal immigration, illicit fishing, piercing, smuggling, and others. Therefore, the growing deployment of advanced surveillance systems and supportive regulatory intervention will fortify the country's ocean security. Moreover, the growing geopolitical tensions and disputes among neighboring countries in high growth regions would showcase an increase in global maritime surveillance and intervention market growth during the forecast period.

COVID-19 IMPACT

COVID-19 had a Positive Impact on Maritime Surveillance Due to Increased Adoption of UAV Surveillance Activities

The outbreak of coronavirus had a large impact on the maritime industry. The lockdown had temporarily stopped many marine operations such as transportation, fishing, and oil and gas processing, to stop the spread of the coronavirus. Thus, to monitor the coastline, the coastguards used unmanned aerial vehicles (UAVs) to perform maritime surveillance operations remotely. If any lockdown violators were detected, the coastline law enforcement team took strict action against them for breaking the regulations. Therefore, the demand for maritime surveillance UAVs was increased to enhance the security and safety of the coastline.

LATEST TRENDS

Rising Adoption of Robotic Technology to Enhance Maritime Surveillance Capabilities during the Forecast Period

The emerging trend towards the adoption of robotic technology has increased the development of advanced autonomous underwater vehicles (AUV) and underwater intervention vehicles. These robotic vehicles take surveillance capabilities to the next level. These solutions consist of advanced electronic components such as high-quality cameras, advanced sensors, laser profilers, and so on.

For instance, Kongsberg Gruppen ASA designed autonomous underwater vehicles, Hugin and its other updated version called Hugin superior. This system can be used in commercial as well as defense applications. In the defense sector, it is used for applications such as intelligence, surveillance, and reconnaissance (ISR), rapid environmental assessment, and mine countermeasures.

DRIVING FACTORS

Growing Focus on Strengthening Maritime Safety and Security to Fuel Demand for Maritime surveillance and Intervention Solution

The maritime traffic is on the ascent, with growing ocean trade across the world. Maritime trade is the most established and highly preferred form of cargo import and export, as it can carry heavyweight goods. The rising seaway transportation has expanded the presence of various trading vessels in the sea, which has simultaneously increased the rate of ocean crimes around the world. This has prompted the adoption of MSI solutions to prevent ocean criminal activities such as illegal immigration, piracy, smuggling, and others. Besides, developing international pressure and terrorist activities have fortified the selection of MSI to reinforce the country's oceanic wellbeing and security. These are the development factors responsible for the growth of the Marine Surveillance and Intervention market.

Development of Upgraded Maritime surveillance and Intervention Aircraft to Deliver Optimized Surveillance and Intervention Facilities to Aid Growth

Trend-setting innovation-based frameworks, such as thermal imaging, automatic identification system, satellite radar, underwater robotic system, and long-range identification and tracking devices, are utilized for improving the capacities of sea reconnaissance and security activity. In this way, the interest in groundbreaking marine surveillance and intervention aircraft is expanding, which has coordinated the reconnaissance frameworks. These airplanes are uncommonly intended to screen sea development. If the sensor framework recognizes any unlawful movement, it will be straightforwardly sent to the oceanic law implementation group to deal with the circumstance further. For instance, the sea surveillance airplane fabricated by Saab AB is utilized for a variety of operations, such as safeguarding, illicit immigration control, search and rescue operations, coastline surveillance, and economic zone monitoring.

RESTRAINING FACTORS

Detection of Stealth Vessels and Constant Danger of Digital Assault to Hamper Growth

With developing technology, the development of stealth vessels is likewise expanding. The stealth vessels are difficult to detect with low generation monitoring system technology. So, there is a need to build an advanced surveillance solution. To develop an advanced system, a high initial cost is necessary, and that is the major challenge for the original equipment manufacturers. Moreover, the growing risk of cyber-attack inferred from changing war nature and marine territorial disputes among neighboring countries is another challenge that is hampering the growth of the market during the figure time frame.

SEGMENTATION

By Component Analysis 

Product Segment is Anticipated to Dominate Market Owing to the Increase in Development for Advance Surveillance Equipment’s 

Based on component, the market of marine surveillance and intervention is segmented into product and software. The product segment is expected to dominate the industry with the highest CAGR during the study period due to the growing number of product launches with advanced surveillance systems. Furthermore, in May 2022, Quad launched a range of new initiatives, including maritime security partnerships to develop vessel security solutions aimed at monitoring illegal fishing and other tactical activities.

By Application Analysis 

Surveillance and Tracking is Anticipated to Dominate the Maritime surveillance and Intervention Market Owing to the Cross Border Issues

By application, the market is divided into surveillance and tracking, navigation, Maritime traffic management, search and rescue, and others.  The surveillance and tracking segment is anticipated to dominate the maritime surveillance and intervention market share during the study period, along with the highest growth during the forecast. The growth in the segment is owing to the rise in cross-border tensions, leading to an increase in security systems.

The search & rescue segment is projected to grow at a significant rate during the study period. The increase in government investments and funding for the improvement of marine surveillance systems will boost the segment’s growth.  In July 2021, Canada's federal government announced a USD 1.5 million contribution to maritime security infrastructure to strengthen northern maritime search and rescue capabilities.

By End User Analysis 

Military Segment Dominated the Market Due to Increase in Investment by Various Government Authorities to Improve Maritime Surveillance System

In terms of end user, this market is segmented into military, commercial, and civil. The military segment is projected to dominate the market with the highest CAGR during the study period.  The rise in the naval fleet, the increase in investments for improved security solutions, improved risk assessment and investigation, and other such factors are anticipated to boost market growth.

The commercial segment is projected to show significant growth during the study period. The rise in segmental growth is due to the increase in fleet size in various regions and the increase in security system adoption in ports and critical infrastructure.

REGIONAL INSIGHTS

In terms of region, the market is analyzed across North America, Europe, Asia Pacific, Rest of the World. North America market was valued at USD 2.16 billion in 2022. During the marine surveillance and intervention market analysis, the growth in the region was attributed to the rising deployment of advanced maritime surveillance systems to deliver enhanced protection for coastline operations. Moreover, Canada has the longest coastline in the world, which is about 202,080 kilometers. Therefore, the Canadian marine industry would exhibit a high demand for MSI solutions. Also, supportive regulatory norms are boosting market growth in North America. 

Europe showcased the second largest share of the market in the base year in marine surveillance and intervention. The established maritime industry in the region and the high trade activities in Norway and Greece are driving the demand for marine surveillance and intervention market in Europe.

The Asia Pacific dominated the market during the forecast period. This growth is mainly attributed to high maritime activities in developing countries such as Japan, India, and China. Japan, China, and India have coastlines of about 29,751km, 14,500 km, and 7,516 km, respectively. Most of the trade-in China is done through the seaway. Thus, China would show a large adoption of surveillance solutions. Furthermore, the growing disputes and criminal activities in the Indian Ocean would lead to an increase in the procurement of advanced military vessels with integrated surveillance solutions to strengthen maritime security in India.

The Middle East market is expected to witness substantial growth during the forecast period. The strong demand for advanced industrial electronics and high-tech computing solutions in the Middle East & Africa region is set to accelerate market progress. Rest of the World is anticipated to show moderate growth in the market during the analysis time frame owing to increased demand for combat management surveillance systems.

KEY INDUSTRY PLAYERS

Strategic Collaboration and Product Innovation Have Propelled Market Growth for Major Key Players Including Saab AB, Raytheon Technologies and Others

The MSI market is fragmented, with various key players such as Saab AB, Raytheon Technologies Corporation, and Dassault Aviation SA, among others. Continuous product development and acquisition strategies are being adopted by the key players to sustain the competition. For instance, the French Armed Forces Minister signed a contract with Dassault Aviation SA. Under this contract, the company has agreed to deliver seven Falcon 2000LXS aircraft for maritime surveillance and intervention applications.

The growing focus on product innovation through technological collaboration and R&D investment also supports the key players to broaden their product portfolio.

LIST OF KEY COMPANIES PROFILES:

• Indra Sistemas, S.A. (Spain)


• Raytheon Technologies Corporation (U.S.)


• Saab AB (Sweden)


• Elbit Systems Ltd. (Israel)


• Furuno Electric Co., Ltd. (Japan)


• Bharat Electronics Limited (Bengaluru)


• Dassault Aviation SA (France)


• Naval Group (France)


• Kongsberg Gruppen ASA (Norway)


• SRT Marine Systems plc (U.K.)

KEY INDUSTRY DEVELOPMENTS:

• April 2023 – DP World Southampton has extended its contract with facilities management and professional services company Mitie for another two years. With this contract extension, Mitie will continue to provide security services to DP World at U.K. deepwater container terminals in full compliance with the International Ships and Port Facilities Security Code (ISPS) and the Department of Transport's Maritime Security Division (MSD).


• May 2023 – Marine surveillance and coastal surveillance technology company SRT Marine Systems has awarded a new customer a contract to equip an unnamed national coast guard in Southeast Asia with the first "SRT-MDA" marine surveillance system.


• May 2023 - The U.S. Department of State has approved the sale of the Surveillance Towed Array Sensor System Expeditionary (SURTASS-E) mission system for the Vessels of Opportunity (VOO) to the Australian government at an estimated cost of USD 207 million.


• March 2022 - India's Ministry of Defense has announced that it has signed a contract worth USD 108.17 with L&T Shipyard in Kattupalli (Chennai) to build two multi-purpose vessels. These ships are versatile in maritime surveillance and patrol, torpedo launch/recovery, artillery fire, and the operation of various types of air, surface, and underwater targets for anti-submarine use.


• October 2022 - Ocean Power Technologies, was selected by Amentum Services for its USD 529,025 procurement. Ocean Power Technologies provides land, air, space, port, and coastal surveillance services to the U.S. Department of Defense (DoD) Intelligence Analysis Center (IAC) in support of the U.S. Department of Homeland Security (DHS).


• February 2021 - Honeywell has announced a large-scale contract from SEPCO Electric Power Construction Corporation (SEPCO) to supply network control, telecommunications, and security systems for the Aramco-operated King Salman Maritime Industry and Services shipyard in Ras Al-Keir, Saudi Arabia, Arabia.

REPORT COVERAGE

The market report provides a detailed analysis of the market. It comprises all major aspects, such as R&D capabilities, and optimization of the manufacturing process in global maritime surveillance and intervention systems. Moreover, the report offers insights into the market trends and highlights key industry developments in marine security management. In addition to the above-mentioned factors, it focuses on several factors that have accelerated the global market growth in recent years.

Report Scope & Segmentation