Maritime Security Market to Reach US$ 37.2 billion by 2030

1. Market Research Report EXCLUSIVE EDITION Global Maritime Security Market Report Opportunities, and Forecast By 2030 Global Industry Analysis, Forecast and Trends, 2022-2030 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

2. Maritime Security Market © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 800 Third Avenue Suite A #1519 New York, NY 10022 EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

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5. Maritime Security Market 2022: Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2030 Maritime Security Market by Technology (Screening and Scanning, Communications, Surveillance and Tracking, Detectors), by Type (Port and Critical Infrastructure Security, Vessel Security), by Region – Global Share and Forecast to 2030 Description The maritime security market size was USD 20.0 billion in 2021 and is projected to register a CAGR of 8.1%, to reach a market value of USD 37.2 billion by 2030. About 90% of global trade is carried by seaborne routes, which increases the importance of maritime security globally. Several maritime trade routes globally are susceptible to unlawful activities like piracy, smuggling, and terrorism. On the other hand, ports and critical infrastructure across the coastal regions have also been targeted by hostile forces over the years. In response to such incidents, governments are focusing on maritime security solutions to avoid such incidents in the future. In response, vendors are working to enhance maritime security solutions and services to safeguard shipping and transport enterprises from such illegal acts and threats. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807

6. With the global seaport numbers expected to expand by up to fourfold the next three decades and the existing ports requiring up-gradation to maintain current levels of operability due to the rising sea levels, most of the port development projects are expected to generate significant demand for security solutions in the years to come. However, deploying maritime security solutions incur huge costs to the stakeholders in the market. With shipping companies and ports already operating on smaller profit margins, allocating vast financial resources into the security systems remains a challenge for the users. Request Sample Copy of this Report: https://www.marketstatsville.com/request- sample/maritime-security-market Global Maritime Security Market Definition Maritime security is a general term for protecting vessels both internally and externally. The areas where ships and maritime operations need protection include piracy, robbery, illegal fishing, terrorism, illegal trafficking of goods and people, and pollution. The marine industry works hard to reduce malicious and unintentional threats to maritime security through supervision, inspection, and proactive procedures. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 6

7. Global Maritime Security Market Dynamics Drivers: Increasing Number of Seaports Globally Port infrastructure has become critical to the global economy and has seen major expansion over the last few decades. The growth in cargo movements is expected to generate demand for increasing port capacity, requiring additional port area. Hence the global seaport numbers are expected to expand by up to fourfold in three decades. On the other hand, existing ports will need upgrading to maintain current levels of operability due to the rising sea levels. Many Asian maritime nations took up large port construction and developmental programs to boost terminal facilities and attract container shipping lines. With the ports in the region becoming global hotspots for world trade, governments in Asia, especially from China, ASEAN, and the Indian subcontinent, are taking proactive steps in funding new ports and terminals for container trade and were going ahead rapidly building logistic hubs. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 7

8. Restraints: High Cost of Maritime Security Systems and Weak Ocean Governance One of the major challenges affecting the maritime security industry is the high costs. With shipping rates under extreme pressure, players in the industry are already operating under smaller profit margins. In 2004 the International Maritime Organization established the International Ship and Port Facility Security Code (ISPS Code), a mandatory set of security measures that aim to enhance the security of ships and port facilities. While these measures have effectively alleviated security threats, both in terms of terrorist attacks and sea piracy, the industry is concerned about the commercial and financial consequences entailed, such as delays in transportation, route deviations, and high implementation costs. The implementation of these measures requires large investment in purchase, maintenance, and amortization of capital equipment both at ports and on board ships; this includes Gamma Ray, neutron scanning, X-Ray scanning, biometrics; employing armed guards with ballistic vests; using computer software to identify security vulnerabilities, sharing sensitive information at a global diplomatic level, carrying out extensive training and security drills, etc., which incur huge capital and maintenance costs. Hence the ports in several developing and economically backward countries that could not afford to spend huge amounts on such equipment are not complying with these regulations. This trend has been majorly observed in Africa and Latin American countries, although some ports in Asia are also found to have poor compliance levels. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 8

9. Scope of the Global Maritime Security Market The study categorizes the maritime security market based on technology and type at the regional and global levels. Direct Purchase Report: https://www.marketstatsville.com/buy-now/maritime- security-market?opt=2950 By Technology Outlook (Sales/Revenue, USD Billion, 2017-2030) •Screening and Scanning •Communications •Surveillance and Tracking •Detectors •Other Technologies By Type Outlook (Sales/Revenue, USD Billion, 2017-2030) •Port and Critical Infrastructure Security •Vessel Security •Coastal Surveillance © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 9

10. By Region Outlook (Sales/Revenue, USD Billion, 2017-2030) •North America (US, Canada, Mexico) •South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America) •Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe) •Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific) •The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA) Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/maritime-security- market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 10

11. The surveillance and tracking segment had the largest market share by technology Based on technology, the global maritime security market is divided into screening and scanning, communications, surveillance and tracking, detectors, and other technologies. In 2021, the surveillance and tracking segment accounted for the largest market share of 35.0% in the global market of maritime security. The demand for surveillance and tracking systems witnessed significant growth in the past few years, owing to the increased need for security in ports, coastal areas, and tracking vessels to protect them from pirates, terrorists, or any hostile attacks. This technology can be leveraged to avoid collisions, which can control the maritime traffic at ports and channels of coastal and oil platforms defense using the latest advancements in tracking and security surveillance. The demand for surveillance and tracking systems witnessed significant growth in the past few years, owing to the increased need for security in ports, coastal areas, and tracking vessels to protect them from pirates, terrorists, or any hostile attacks. This technology can be leveraged to avoid collisions, which can control the maritime traffic at ports and channels of coastal and oil platforms defense using the latest advancements in tracking and security surveillance. Asia Pacific is projected to register the highest CAGR during the forecast period Request For Report Description: https://www.marketstatsville.com/maritime-security- market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1 (646) 663-5829 | +91-702-496-8807 11

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