The Maritime Surveillance Global Market Report 2023, provides comprehensive information on the maritime surveillance market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Maritime Surveillance Global Market Report 2023, the market size is expected to grow from $21.17 billion in 2022 to $23.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global maritime surveillance market size is expected to reach $31.41 billion in 2027 at a CAGR of 8.0%.
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Product innovation is the key trend gaining popularity in the maritime surveillance market. Major companies operating in the maritime surveillance market are focused on developing innovative products to strengthen their position in the market. For instance, in May 2023, Image Soft, a Finland-based maritime technology company launched, third generation UNWAS system. This system is equipped with entirely novel digital circuitry and software. The third-generation UNWAS system detects and warns of both underwater and surface hazards using a distributed modular sensor network with passive hydrophones and other sensors. It can handle rigorous acoustic underwater circumstances in numerous adverse settings.
The maritime surveillance market is segmented:
1) By Component: Sensors, Radar, Automatic Identification System (AIS) Receiver, Software, Other Components
2) By Application: Naval, Coast Guard, Other Applications
3) By End-User: Defense, Customs, Fisheries, Intelligence, Other End-Users
Asia-Pacific was the largest region in the maritime surveillance market in 2022.
The table of contents in TBRC’s maritime surveillance market report includes:
1. Executive Summary
2. Maritime Surveillance Market Characteristics
3. Maritime Surveillance Market Trends And Strategies
4. Maritime Surveillance Market – Macro Economic Scenario
5. Maritime Surveillance Market Size And Growth
26. Africa Maritime Surveillance Market
27. Maritime Surveillance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Maritime Surveillance Market
29. Maritime Surveillance Market Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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