Maritime Surveillance and Intervention Market Top Manufacturers Analysis, Size Report and Growth Forecast to 2027
MaritimeSurveillance and Intervention Market will exhibit a CAGR of 9.86% during theforecast period, andreach USD 18.80 billion in 2019, and the Market value as per 2019was USD 18.80 billion.
FortuneBusiness Insights™ in a new report, titled, “MaritimeSurveillance and Intervention Market Size, Share & COVID-19Impact Analysis, By System (Detectors, Combat Management Systems, Surveillanceand Tracking, Geographic Information System (GIS), and Others), By Services(Risk Assessment and Investigation, Maintenance and Support, SecurityManagement, and Others), By Application (Port and Critical InfrastructureFacility, Vessel Security, Coastal Surveillance, and Search and Rescue), andRegional Forecast, 2020-2027.”
Maritime Surveillance and Intervention Market Drivers and Restraint:
Growing Focus on Strengthening Maritime Safety and Security toFuel Demand for MSI Solution
Themaritime traffic is ceaseless on the ascent, with growing ocean trade acrossthe world. Maritime trade is the most established and highly preferred form ofcargo import and export as it can carry heavyweight goods. The rising seawaytransportation has expanded the presence of various trader vessels in the sea,which has simultaneously increased the rate of ocean crimes around the world.This has prompted the adoption of surveillance and intervention solutions toprevent ocean criminal activities such as piracy, illegal immigration,smuggling, and others. Besides, developing international pressure and terroristactivities have fortified the selection of MSI to reinforce the country'soceanic well-being and security. These are the development factors liable tofueled the growth of the market of MSI.
Development of Upgraded MSI Aircraft to Deliver OptimizedSurveillance and Intervention Facilities to Aid Growth
Thetrend-setting innovation-based frameworks, such as satelliteradar, thermal imaging, automatic identification system, underwaterrobotic system, and long-range identification and tracking device, are utilizedfor improving the capacities of sea reconnaissance and security activity. Inthis way, the interest in groundbreaking MSI aircraft is expanding, which hascoordinated the reconnaissance frameworks. These airplanes are uncommonlyintended to screen sea development. If the sensor framework would recognize anyunlawful movement, it will get straightforwardly sent to the oceanic lawimplementation group to deal with the circumstance further. For instance, thesea surveillance airplane fabricated by Saab AB is utilized for a variety ofoperations, such as safeguarding, illicit control immigration, search andrescue operation, coastline surveillance, and economic zone monitoring.Additionally, the Dassault Aviation SA has agreed to plan another age MSIairplane for the French protection activity.
List of Key Players Covered in the Maritime Surveillance andIntervention Market Report:
- Yaltes (Turkey)
- Indra Sistemas, S.A. (Spain)
- Raytheon Technologies Corporation (The 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 (The U.K.)
To gain more insights into the market with a detailed tableof content and figures, Click Here: https://www.fortunebusinessinsights.com/maritime-surveillance-and-intervention-market-103458
Some of the key industry developments in the MaritimeSurveillance and Intervention Market Include:
- February 2020 – Bengaluru-based Bharat Electronics Limited added five commands and control (CC) centers and 38 radar stations along the coastline for the Indian coast guard to enhance maritime security.
- November 2019 – Indra Sistemas S.A., headquartered in Spain, announced the successful testing of its European Maritime Operations Center prototype. The main aim of designing this prototype is to enhance maritime situational awareness and surveillance capabilities. This advanced command and control systems solution is designed with Leonardo. The testing of this prototype has been carried out in naval exercise in the presence of the participating Navies such as France, Portugal, Greece, Italy, and Spain.
