- The key vendors in the global maritime security market 2015-2019 are Northrop Grumman, FLIR Systems, Lockheed Martin, AgustaWestland and Thales.
London, 09 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global maritime security market 2015-2019. The need to protect nations from various threats such as piracy, smuggling, and human trafficking has led maritime security operations to use unmanned surface vehicle (USVs) for surveillance activities. USVs are cost-effective and fully autonomous and require fewer personnel for their operation. They are also capable of long-endurance operations. The global maritime security market is expected to grow at a CAGR of 7.99% during the forecast period of 2014-2019.
The demand for modern equipment in maritime security is increasing due to a rise in the number of illegal immigrants around the world. This has resulted in an increased demand for automated systems such as electro-optical (EO) detection systems, underwater acoustic weapon systems, electronic fences, MIRA Autonomous Control Equipment (MACE), and integrated security systems.
“The demand for unmanned underwater vehicles (UUVs), both remotely operated vehicles (ROVs) and AUVs is increasing due to their applications across oil and gas, scientific research, and defense industries,” says Faisal Ghaus, Vice President of Technavio Research.
“UUVs are being used for naval intelligence, mine countermeasure (MCM) operations, ISR roles, and anti-submarine warfare missions.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Maritime Security Market 2015-2019, please send an e-mail to media@TechNavio.com
Follow us on Twitter @Technavio
Like us on Facebook
Follow us LinkedIn
Connect with us on Google+
