Market Share of Maritime Security Industry
The Maritime Security Market is highly concentrated as the Maritime Security deals with nations security the role played by small or many companies is reduced due to which the market is concentrated. Some of the key players in the Market include Northrop Grumman Corporation, BAE Systems Inc., Honeywell International Inc., Thales Group. Some key developments in the market are Saab signed a contract with ASC, to provide an upgraded Integrated Ship Control Management and Monitoring System (ISCMMS) to four Royal Australian Navy Collins class submarines. In this, it will deliver updated hardware, and spares, that address obsolescence issues, and maintain regional superiority edge, for Australian submarines in March 2018. Saab announced the establishment of development and production, in Abu Dhabi. Through this capability center, the company grows its presence in the United Arab Emirates (UAE). The center is aimed at the production of a variety of defense and security products, with an initial focus on sensor systems in December 2017.
Maritime Security Market Leaders
Saab AB
Northrop Grumman Corporation
BAE Systems Inc.
Honeywell International Inc.
Kongsberg Gruppen
*Disclaimer: Major Players sorted in no particular order
