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Global maritime anti-piracy systems market forecast to 2022 explored in latest research

Military Market Research

Maritime borders and territorial waters surrounding nations are of prime importance for national security, and every country with a coastline invests considerably in fortifying their security mechanisms.

This increase in shipping traffic exerts a considerable pressure maritime security to secure nations against piracy, crime, and terrorism. Maritime illegal activities, such as drug trafficking, illegal fishing, illegal immigration, and weapon movement are constantly on the rise.

There has been a significant increase in piracy and hostile maritime incidents (robbery and hijacks), where pirates rob ships and fishing vessels and subsequently, sell the commodities in the black market.

Maritime borders and territorial waters surrounding nations are of prime importance for national security, and every country with a coastline invests considerably in fortifying their security mechanisms.

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The report covers the present scenario and the growth prospects of the global maritime anti-piracy systems market for 2017-2022. To calculate the market size, the report considers new procurements and developments of the systems.

Maritime security involves protection from various threats such as smuggling, drug trafficking, piracy, human trafficking, and maritime terrorism. The increase in terrorism through sea routes and the vulnerability of attacks from various pirate gangs have necessitated the implementation of high-end security measures.

The Global Maritime Anti-Piracy Systems market is expected to grow from $XX million in 2016 to reach $XX million by 2023 with a CAGR of XX%. Some of the key factors influencing the market growth include increasing installation of scanjet anti-piracy solutions, need to build up maritime security and emergence of smart anti-piracy system.

However, challenges associated with carrying firearms on ships are hindering the market growth.

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The lethal anti- piracy segment amongst products had a steady growth during the forecast period. Lethal anti- piracy segment includes guns & rifles and are used in cases where the crew has the need to defend themselves from a potentially lethal attack from pirates.

With piracy acts reappearing in the recent years, defense agencies across the globe will focus on procuring more weapons. This will contribute to the growth of this market segment during the forecast period.

Europe, Middle East and Africa will be the key revenue contributors to the market. Countries in the European Union (EU) have extended their support for anti-piracy missions through multiple programs.

The naval forces mainly operate in the Southern Red Sea, the Gulf of Aden, the Indian Ocean, and the Somali Coastal territory. In addition, the Nigerian government has been making efforts to reinforce the maritime sector for economic growth.

Nigeria is looking to implement an anti-piracy law that will decrease the actions of pirates and other maritime offenders in the country.

Some of the key players in global Maritime Anti-Piracy Systems market include BAE Systems, A.ST.I.M, ST Electronics, Sentient Vision system, SAFRAN Group, Monitor Systems, LRAD, Guardian Maritime and CONTROP Precision Technologies.

Products Covered:

  • Non-lethal Anti-Piracy Weapons
  • Lethal Anti- Piracy

 Table of Content:-         

1 Executive Summary     

2 Preface      

 2.1 Abstract     

 2.2 Stake Holders    

 2.3 Research Scope    

 2.4 Research Methodology   

  2.4.1 Data Mining   

  2.4.2 Data Analysis   

  2.4.3 Data Validation   

  2.4.4 Research Approach   

 2.5 Research Sources    

  2.5.1 Primary Research Sources  

  2.5.2 Secondary Research Sources  

  2.5.3 Assumptions   

3 Market Trend Analysis    

 3.1 Introduction    

 3.2 Drivers     

 3.3 Restraints    

 3.4 Opportunities    

 3.5 Threats     

 3.6 Product Analysis    

 3.7 Emerging Markets    

 3.8 Futuristic Market Scenario   

4 Porters Five Force Analysis    

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