Maritime Security Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Maritime Security Market is segmented by Systems (Screening and Scanning, Communications, Surveillance and Tracking, and Other Systems), Type (Port and Critical Infrastructure Security, Vessel Security, and Coastal Security), and Geography (North America, Europe, Asia-Pacific, and Rest of World). The report offers market size and forecasts for all the above segments in value (USD billion).

Market Snapshot

maritime security market overview
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia-Pacific
CAGR: >6 %

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Market Overview

The maritime security market was valued at USD 20.6 billion in 2021, and it is expected to register a CAGR of over 6% during the forecast period (2022 - 2027).

According to UNCTAD, the global maritime trade contracted by 3.8% in 2020, due to the impact of the COVID-19 pandemic. However, it rebounded later in the year and was projected to increase by 4.3% in 2021. This is expected to support the growth of the revenues of the seaport operators, thereby driving the investments into the maritime security sector.

According to the International Maritime Organization (IMO), more than 90% of global trade is carried through the sea network. This is accelerating the investments in large port construction and developmental programs by many Asian maritime countries. This is propelling the demand for screening, scanning, and surveillance systems in the coming years.

Also, due to the growing maritime trade and transportation, activities, such as trafficking prohibited substances, illegal immigration, and attacks on ports and coastal areas, are increasing, which is driving the demand for maritime security globally.

However, currently, not many port facilities are not equipped with the necessary cybersecurity systems to handle the attacks. Therefore, the port operators are investing in integrating new cybersecurity systems to strengthen their security measures further.

Scope of the Report

Maritime security is concerned with the protection of vessels, ports, and other infrastructure related to the shipping business from intentional damage through terrorism, sabotage, or subversion. The market is segmented by systems into screening and scanning, communications, surveillance and tracking, and other systems. The other systems include command and control systems, gate or port access control systems, and cybersecurity systems. By type, the market will be segmented into port and critical infrastructure security, vessel security, and coastal security. The report also covers the market sizes and forecasts for the market in various regions. The market sizing and forecasts have been provided in value (USD billion).

Screening and Scanning
Surveillance and Tracking
Other Systems
Port and Critical Infrastructure Security
Vessel Security
Coastal Security
North America
By Systems
By Type
By Systems
By Type
By Systems
By Type
Rest of the World
By Systems
By Type

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Key Market Trends

Surveillance and Tracking Currently Accounts for Largest Share by Revenue

The surveillance and tracking segment currently dominates the market and is expected to continue its dominance over the market, owing to the increased demand for security in ports and coastal areas. The need for surveillance and tracking systems is expected to be high in regions like West Africa, Latin America, and the Caribbean, where the incidents of pirate attacks and robbery have increased over the past few years. On the other hand, while the countries in North America and Europe embrace emerging maritime surveillance technologies for enhanced security, the growing trade and increasing maritime tensions in Asia-Pacific have been the key driver for the procurement of surveillance systems. The ports deploy a wide variety of cameras, including fisheye, pan-tilt-zoom (PTZ) cameras, thermal cameras, etc. For wide short-range operations, such as monitoring cruise terminal areas, ports prefer wide-angle (90 degrees to 360 degrees) cameras to allow them a wide view of busy operation areas, whereas, for long-range surveillance, ports deploy thermal cameras to detect and monitor illegal fishing and poaching activities in the coastal areas and the exclusive economic zones. For instance, in July 2020, the Spanish Galician coast authorities used FLIR PT-Series cameras in a pilot surveillance project to detect and monitor illegal fishing and poaching activities along the Spanish Galician coast. The FLIR thermal imaging cameras combined with maritime video analytics software from gradient have been deemed successful in spotting illegal vessels on a 24/7 basis.

maritime security market segmentation

The Asia- Pacific Region is Expected to Witness the Highest Growth During the Forecast Period

The Asia-Pacific region is expected to witness the highest growth during the forecast period. This is primarily due to robust maritime trade in the region. According to UNCTAD Review of Maritime Transport 2020, approximately 76% of all maritime trade loaded and unloaded in developing regions is from the Asian region. To cater to the maritime trade in the region, investments are being made into the development of new ports and terminal expansions. With the robust need for security and surveillance systems, the ports are introducing new perimeter security systems for tracking unidentified goods and materials, automatic alarm in case of an unusual gathering of personnel, tracking alarm of camera tampering, etc. For instance, in June 2021, Garden Reach Shipbuilders and Engineers Ltd (GRSE), a leading shipyard and warship manufacturer in Kolkata, installed an artificial intelligence (AI)-enabled high-end CCTV network for surveillance at its five units in the city at the cost of INR 1.29 billion, to ward off any threat to its assets. Similar investments into maritime security are being made by port authorities in China, Japan, Australia, and Vietnam, among others, which is expected to propel the growth of the market during the forecast period.

maritime security market geography

Competitive Landscape

The maritime security market is highly fragmented, with many players supporting the market with various products like surveillance and scanning systems, command and control systems, and communication systems, among others. Some of the prominent players are Thales Group, BAE Systems PLC, Smiths Group PLC, Westminster Group PLC, and OSI Systems Inc. The companies are investing in the research and development of new and advanced monitoring systems that will enhance the overall security at the maritime borders. Also, as a part of their expansion strategies, companies are acquiring stakes in companies that will complement their existing solutions and enhance their footprint in the market. For instance, in April 2021, Leonardo announced that it acquired a 30% stake in GEM Elettronica, a company involved in manufacturing small and medium-sized 3D radars, electro-optical sensors, and inertial systems for maritime, coastal, and airport surveillance. Such strategies of the companies are expected to help the players increase their sales profit and expand their business to new geographical locations.

Recent Developments

  • In September 2021, the Coast Guard Administration (CGA) of Taiwan announced a new project for the replacement of 23 aging coastal radar stations in eastern and southern Taiwan and on the outlying Islands. The overhaul of radar systems is anticipated to enhance the monitoring capabilities of Taiwan’s coastal radars. The project is anticipated to begin in 2022 and run through 2024.
  • In April 2021, Leidos was awarded a prime contract by the US Customs and Border Protection (CBP) to provide multi-energy portal (MEP) systems. The systems will be installed at land and seaports for non-intrusive inspection (NII) of the commercial vehicles.

Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

    3. 1.3 Currency Conversion Rates for USD



    1. 3.1 Market Size and Forecast, Global, 2018 - 2027

    2. 3.2 Market Share by System, 2021

    3. 3.3 Market Share by Type, 2021

    4. 3.4 Market Share by Geography, 2021

    5. 3.5 Structure of the Market and Key Participants


    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Technology Trends

    5. 4.5 Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Buyers/Consumers

      2. 4.5.2 Bargaining Power of Suppliers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size and Forecast by Value - USD billion, 2018 - 2027)

    1. 5.1 System

      1. 5.1.1 Screening and Scanning

      2. 5.1.2 Communications

      3. 5.1.3 Surveillance and Tracking

      4. 5.1.4 Other Systems

    2. 5.2 Type

      1. 5.2.1 Port and Critical Infrastructure Security

      2. 5.2.2 Vessel Security

      3. 5.2.3 Coastal Security

    3. 5.3 Geography

      1. 5.3.1 North America

        1. By Systems

        2. By Type

      2. 5.3.2 Europe

        1. By Systems

        2. By Type

      3. 5.3.3 Asia-Pacific

        1. By Systems

        2. By Type

      4. 5.3.4 Rest of the World

        1. By Systems

        2. By Type


    1. 6.1 Company Profiles

      1. 6.1.1 SAAB AB

      2. 6.1.2 Thales Group

      3. 6.1.3 Leonardo SpA

      4. 6.1.4 Elbit Systems Ltd

      5. 6.1.5 Airbus SE

      6. 6.1.6 BAE Systems PLC

      7. 6.1.7 Terma AS

      8. 6.1.8 Westminster Group PLC

      9. 6.1.9 Kongsberg Gruppen ASA

      10. 6.1.10 Smiths Group PLC

      11. 6.1.11 OSI Systems Inc.

      12. 6.1.12 Nuctech Company Limited

      13. 6.1.13 Leidos Holdings Inc.

    2. 6.2 Other Players

      1. 6.2.1 ATLAS ELEKTRONIK GmbH

      2. 6.2.2 ARES Security Corporation

      3. 6.2.3 Rolta India Limited

      4. 6.2.4 HGH Infrared

      5. 6.2.5 HALO Maritime Defense Systems


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Frequently Asked Questions

The Maritime Security Market market is studied from 2018 - 2027.

The Maritime Security Market is growing at a CAGR of >6% over the next 5 years.

The Maritime Security Market is valued at 20 Billion USD in 2018.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Thales Group, BAE Systems plc, Smiths Group PLC, OSI Systems, Inc., Westminster Group plc are the major companies operating in Maritime Security Market.

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