Maritime Surveillance Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Application (Combat Operations, Surveillance & Tracking, Navigation, Maritime Traffic Management), By End Use, By Region, And Segment Forecasts, 2024 - 2030

Maritime Surveillance Market Size & Trends

The global maritime surveillance market size was estimated at USD 23.08 billion in 2023 and is expected to expand at a CAGR of 6.7% from 2024 to 2030. The increasing need for national security and the protection of maritime borders is a significant driving factor of the maritime surveillance market. Governments worldwide are investing in advanced surveillance systems to monitor and secure their coastlines against illegal activities such as smuggling, piracy, and unauthorized fishing. In addition, the growing adoption of unmanned aerial vehicles (UAVs) and autonomous underwater vehicles (AUVs) for enhanced maritime domain awareness is also contributing to the market growth.

Technological advancements are transforming the maritime surveillance landscape. The integration of artificial intelligence (AI) and machine learning (ML) is enabling the development of intelligent surveillance systems capable of processing large volumes of data and identifying potential threats with high accuracy. AI-driven analytics are enhancing the capabilities of surveillance systems by automating data analysis and providing actionable insights. In addition, the use of blockchain technology is emerging as a trend in maritime surveillance, offering secure and transparent tracking of vessels and cargo.

Another notable technology trend in maritime surveillance is the deployment of integrated surveillance solutions that combine multiple sensors and data sources. These solutions provide a comprehensive view of maritime activities by fusing data from radar, sonar, satellite imagery, and AIS (Automatic Identification System). The use of big data analytics and cloud computing is also becoming prevalent, enabling the storage, processing, and analysis of vast amounts of surveillance data. This helps in identifying patterns, predicting potential threats, and enhancing decision-making processes.

Regulatory trends are playing a significant role in shaping the maritime surveillance market. International maritime organizations and national regulatory bodies are implementing stringent regulations and guidelines to ensure maritime safety and security. The International Maritime Organization (IMO) has introduced regulations such as the International Ship and Port Facility Security (ISPS) Code, which mandates the implementation of security measures for ships and port facilities. In addition, the European Union's Maritime Security Strategy emphasizes the importance of integrated maritime surveillance for safeguarding European waters.

However, high costs associated with the deployment and maintenance of advanced surveillance systems can be a significant barrier, especially for developing countries with limited budgets. The integration of various surveillance technologies and ensuring interoperability among different systems is another challenge that can affect the efficiency of surveillance operations. In addition, the maritime environment poses unique challenges, such as harsh weather conditions and vast areas to be monitored, which can impact the performance of surveillance systems.

Component Insights

Based on the component, the maritime surveillance market is segmented into solution and services. The solution segment held the largest market share of 78.64% in 2023. This dominance is primarily due to the increasing demand for integrated systems encompassing radars, sensors, cameras, AIS transponders, and central control rooms. These comprehensive solutions enhance situational awareness and overall maritime security. As maritime activities continue to expand globally, the solution segment's dominance is expected to persist, driven by ongoing technological advancements and the escalating complexity of maritime threats.

The services segment is witnessing the most rapid growth within the maritime surveillance market. This growth is driven by the growing need for data analysis, system integration, maintenance, and support services. As maritime surveillance systems become more complex, the demand for skilled professionals to manage and optimize these systems is expected to grow significantly.

Application Insights

Based on the application, the market is segmented into surveillance and tracking, navigation, maritime traffic management, search & rescue, and others. The surveillance and tracking segment held the largest market share in 2023. The growth can be attributed to the growing need for continuous monitoring and securing maritime borders and assets. The increasing prevalence of maritime threats such as piracy, smuggling, and illegal fishing has driven the demand for robust surveillance systems. These systems enable real-time monitoring of vessel movements, identification of suspicious activities, and efficient response to incidents.

The search & rescue segment is expected to grow at the fastest growth rate during the forecast period. Search & rescue operations rely on a combination of technologies, including UAVs, satellite communications, and advanced radar systems, to locate and assist vessels or individuals in distress. The growing volume of maritime traffic, along with the rising incidence of natural disasters and maritime accidents, underscores the importance of efficient search & rescue capabilities. Innovations such as automated distress signals, real-time tracking, and AI-driven decision support systems are enhancing the effectiveness and speed of search & rescue missions, thereby fueling segment growth.

End Use Insights

Based on end use, the maritime surveillance market is segmented into military, commercial, and others. The military segment dominated the market in 2023 and is predicted to grow with the highest growth rate during the forecast period. Military organizations rely heavily on advanced surveillance technologies to monitor maritime borders, secure strategic assets, and ensure the sovereignty of territorial waters. This segment leverages a wide array of sophisticated systems, including advanced radar, sonar, satellite imaging, UAVs, and AI-powered analytics, to detect and respond to potential threats swiftly. In addition, significant investments in advanced surveillance technologies, coupled with the critical need for maritime security are expected to fuel the growth of the segment.

The commercial segment is expected to grow significantly during the forecast period. Key commercial players, including shipping companies, port authorities, and offshore energy operators, are adopting advanced surveillance technologies to safeguard their assets, streamline operations, and ensure safe navigation. Technologies such as AIS, satellite tracking, and real-time monitoring systems enable commercial entities to enhance situational awareness, prevent accidents, and comply with stringent international maritime regulations. Moreover, increasing maritime trade, offshore energy exploration, and the need for vessel safety have driven the adoption of maritime surveillance solutions by commercial entities.

Regional Insights

The North America maritime surveillance market dominated the global market and held a market share of 32.45% in 2023. The U.S. is a significant contributor, investing heavily in advanced surveillance technologies such as unmanned systems, satellite-based monitoring, and AI-driven analytics. The U.S. Coast Guard and Navy continuously upgrade their surveillance capabilities to address threats such as illegal immigration, smuggling, and piracy. In addition, the integration of surveillance systems with homeland security initiatives bolsters the market.

U.S. Maritime Surveillance Market Trends

The U.S. maritime surveillance market is experiencing robust growth, primarily driven by a comprehensive approach to national security and defense. The country has implemented sophisticated surveillance systems to monitor its extensive coastline, which spans over 12,000 miles. The U.S. Navy and Coast Guard are at the forefront, deploying advanced radar, sonar, and satellite systems to detect and mitigate maritime threats.

Europe Maritime Surveillance Market Trends

Europe maritime surveillance market is characterized by collaborative efforts among countries to enhance regional security and environmental monitoring. The European Maritime Safety Agency (EMSA) and the European Border and Coast Guard Agency (Frontex) lead initiatives to integrate surveillance systems across member states.

Asia Pacific Maritime Surveillance Market Trends

The Asia Pacific maritime surveillance market is growing rapidly, driven by the region's strategic importance, extensive maritime boundaries, and increasing maritime trade activities. Countries such as China, Japan, India, and Australia are heavily investing in advanced surveillance technologies to secure their waters.

Key Maritime Surveillance Company Insights

Key players operating in the Maritime Surveillance Market include Indra Sistemas, SA, Raytheon Technologies Corporation, Saab AB, Elbit Systems Ltd., Bharat Electronics Limited, Thales Group, Dassault Aviation SA, Kongsberg Gruppen ASA, Furuno Electric Co., Ltd., SRT Marine Systems plc, among others. The market players are focusing on several strategic initiatives, including partnerships & collaborations, new product development, and geographic expansion to gain a competitive advantage over their rivals.

In January 2024, PierSight, a provider of satellite-based surveillance for the maritime industry, raised USD 6 million in a seed funding round co-led by Elevation Capital and Alpha Wave Ventures. The funds would be used to develop and launch a constellation of satellites integrating Synthetic Aperture Radar (SAR) and Automatic Identification Systems (AIS) for continuous ocean monitoring. PierSight plans to procure and test essential hardware and design and launch both demonstration and operational satellites. The company's goal is to offer monitoring capabilities with 30-minute intervals to organizations in the shipping, insurance, defense, coastguard, and oil and gas sectors, among others.

Maritime Surveillance Market Report Scope

Global Maritime Surveillance Market Report Segmentation

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global maritime surveillance market based on component, application, end use, and region.

• Component Outlook (Revenue, USD Million, 2018 - 2030)

  • Solution

  • Services

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Surveillance and Tracking

  • Navigation

  • Maritime Traffic Management

  • Search & Rescue

  • Others

• End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Military

  • Commercial

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Latin America

    • Brazil

  • Middle East & Africa (MEA)

    • UAE

    • Kingdom of Saudi Arabia (KSA)

    • South Africa