Maritime Surveillance Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0187153
  • Format: Electronic (PDF)
  • Number of Pages: 217
  • Author(s): Joshi, Madhavi

Report Overview

The Maritime Surveillance Market size was estimated at USD 3.5 billion in 2023 and is projected to reach USD 8.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.50% during the forecast period (2024-2030).

Maritime Surveillance Market

(Market Size)
$3.5 billion
$8.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 14.50%
2023 Market Size USD 3.5 billion
2030 Market Size USD 8.5 billion
Key Players Thales, Lockheed Martin, Northrop Grumman, SAAB, Elbit Systems

Market Summary

The maritime surveillance market is a critical segment within the broader automotive and transportation industry, focused on monitoring and securing maritime domains. This market encompasses a range of technologies and systems designed to enhance situational awareness, improve safety, and ensure regulatory compliance across coastal waters, exclusive economic zones, and high seas. Key activities include vessel tracking, pollution monitoring, illegal fishing detection, and anti-piracy operations. The increasing emphasis on maritime security by governments and private entities worldwide is a significant factor propelling market growth. Advanced surveillance systems integrate radar, sonar, satellite imagery, and unmanned systems to provide comprehensive maritime domain awareness. The market is characterized by continuous technological advancements and the integration of artificial intelligence and data analytics to process vast amounts of maritime data efficiently. Companies operating in this space are developing solutions that cater to both defense and commercial maritime sectors, addressing needs such as navigation safety, port security, and environmental protection. The evolving geopolitical landscape and rising maritime trade further underscore the importance of robust surveillance infrastructure. As nations seek to protect their maritime interests and assets, investment in surveillance technologies is expected to remain strong, driving innovation and adoption across global markets.

Key Highlights

The maritime surveillance market is distinguished by several key highlights that underscore its importance and dynamism. A prominent feature is the integration of cutting-edge technologies such as artificial intelligence, machine learning, and big data analytics into surveillance systems, enabling real-time data processing and enhanced decision-making capabilities. The adoption of unmanned aerial vehicles (UAVs) and unmanned surface vehicles (USVs) for surveillance operations is gaining traction, offering cost-effective and versatile monitoring solutions. Another significant highlight is the increasing collaboration between government agencies and private companies to develop and deploy advanced surveillance networks. The market is also witnessing a shift towards integrated systems that combine multiple sensors and data sources to provide a holistic view of maritime activities. Companies like Northrop Grumman, Raytheon Technologies, and Thales Group are at the forefront, offering sophisticated solutions that address diverse maritime security challenges. The emphasis on cybersecurity within maritime surveillance systems is growing, as these systems are critical infrastructure vulnerable to cyber threats. Additionally, the market is seeing rising demand from emerging economies, which are investing in modernizing their maritime surveillance capabilities to protect economic interests and ensure national security.

Drivers, Opportunities & Restraints

The maritime surveillance market is driven by several factors, including increasing maritime security threats such as piracy, smuggling, and illegal immigration, which necessitate robust monitoring solutions. Governments worldwide are implementing stringent regulations for maritime safety and environmental protection, compelling the adoption of advanced surveillance technologies. The growth in global seaborne trade is another significant driver, as it requires efficient monitoring of shipping lanes and port operations to ensure safety and compliance. Opportunities in this market abound, particularly in the development of integrated surveillance systems that leverage IoT and cloud computing for enhanced data sharing and analysis. The expansion of offshore energy projects, including oil and gas exploration and renewable energy installations, creates demand for surveillance to protect these assets. Emerging markets in Asia-Pacific and Latin America present substantial growth opportunities due to increasing investments in maritime infrastructure. However, the market faces restraints such as high costs associated with advanced surveillance systems, which can be prohibitive for some nations and organizations. Technical challenges related to data integration and interoperability between different systems also pose hurdles. Additionally, privacy concerns and regulatory complexities in international waters can impede the deployment and operation of surveillance technologies.

Concentration Insights

The maritime surveillance market exhibits a concentrated competitive landscape with a few major players dominating the industry. These companies possess extensive expertise and technological capabilities, allowing them to offer comprehensive solutions that cater to diverse customer needs. Key players such as Lockheed Martin, SAAB AB, and Elbit Systems have a significant market presence, driven by their strong portfolios in defense and security technologies. The market concentration is also influenced by high barriers to entry, including substantial research and development requirements and the need for established relationships with government and military clients. However, there is a growing presence of niche players and startups focusing on innovative technologies like autonomous surveillance platforms and advanced sensor systems. These smaller companies often specialize in specific applications or regions, contributing to market diversification. Strategic partnerships and mergers and acquisitions are common in this market, as companies seek to enhance their technological offerings and expand their geographic reach. The concentration of expertise and resources among top players ensures continuous innovation and the development of cutting-edge solutions, while collaboration with smaller firms fosters technological advancement and market growth.

Type Insights

The maritime surveillance market can be segmented by type into various systems and technologies, each serving distinct purposes. Key types include surveillance and tracking systems, which encompass radar, automatic identification systems (AIS), and vessel monitoring systems (VMS). These systems are essential for real-time monitoring of vessel movements and ensuring compliance with international regulations. Another significant type is geographic information systems (GIS), which provide spatial data analysis for maritime domain awareness. Surveillance satellites offer wide-area monitoring capabilities, capturing imagery and data for activities such as pollution detection and illegal fishing monitoring. Unmanned systems, including drones and autonomous underwater vehicles (AUVs), are increasingly adopted for their flexibility and cost-effectiveness in surveillance operations. Communication systems play a crucial role in data transmission and coordination between vessels and shore-based centers. Each type of system has its advantages and is often integrated into a networked approach to achieve comprehensive maritime surveillance. The choice of system depends on factors such as the specific application, geographic scope, and budget constraints, with advancements in technology continuously expanding the capabilities and reducing the costs of these solutions.

Application Insights

Maritime surveillance systems find applications across various sectors within the automotive and transportation industry, addressing multiple operational and security needs. One primary application is in port and harbor monitoring, where systems ensure the safe and efficient movement of vessels, prevent unauthorized access, and manage traffic. Coastal surveillance is another critical application, protecting territorial waters from threats such as smuggling, piracy, and illegal fishing. Environmental monitoring applications include detecting oil spills, tracking marine pollution, and observing wildlife, contributing to conservation efforts and regulatory compliance. Fisheries management relies on surveillance to combat illegal, unreported, and unregulated (IUU) fishing, ensuring sustainable practices. Search and rescue operations utilize these systems to locate and assist vessels in distress, enhancing maritime safety. Naval defense applications involve monitoring strategic waterways and detecting potential threats to national security. Additionally, commercial shipping companies use surveillance for fleet management, route optimization, and ensuring the safety of cargo and crew. Each application demands tailored solutions, driving innovation and specialization in the market to meet the specific requirements of different end-users.

Regional Insights

The maritime surveillance market demonstrates varying dynamics across different regions, influenced by geographic, economic, and strategic factors. North America is a significant market, driven by advanced technological capabilities and substantial defense expenditures, particularly in the United States and Canada. The region's focus on protecting extensive coastlines and strategic maritime routes supports demand for sophisticated surveillance systems. Europe also represents a major market, with countries like the United Kingdom, France, and Germany investing in integrated maritime surveillance networks to enhance security and environmental monitoring. The Asia-Pacific region is experiencing rapid growth, fueled by increasing maritime trade, territorial disputes, and investments in naval modernization by countries such as China, India, and Japan. Latin America and the Middle East are emerging markets, where rising awareness of maritime security and economic development initiatives are driving adoption. Africa, with its vast coastal areas and challenges such as piracy and illegal fishing, presents opportunities for market expansion. Each region's unique maritime challenges and priorities shape the demand for surveillance technologies, influencing the strategies of companies operating in this global market.

Company Insights

Several prominent companies lead the maritime surveillance market, offering a range of advanced technologies and solutions. Northrop Grumman Corporation is a key player, providing integrated systems that include radar, command and control platforms, and unmanned systems for comprehensive maritime domain awareness. Raytheon Technologies Corporation offers sophisticated surveillance radars and sensor systems widely used by naval and coast guard agencies. Thales Group is renowned for its maritime surveillance solutions, including coastal radar systems and integrated operations centers. SAAB AB delivers advanced surveillance technologies, such as the Sea Giraffe radar and management systems, tailored for naval and commercial applications. Elbit Systems Ltd. specializes in electronic warfare and surveillance systems, enhancing maritime security capabilities. Kongsberg Gruppen ASA provides vessel tracking and monitoring solutions, emphasizing technology for fisheries and offshore operations. These companies invest heavily in research and development to innovate and stay competitive, often engaging in partnerships with governments and international organizations. Their extensive experience and global presence enable them to address diverse customer needs, from defense applications to commercial maritime security, driving progress and setting industry standards.

Recent Developments

The maritime surveillance market has witnessed several recent developments reflecting ongoing innovation and strategic movements. Companies are increasingly focusing on integrating artificial intelligence and machine learning into surveillance systems to enhance automated threat detection and data analysis capabilities. There has been a notable rise in the deployment of unmanned systems, including drones and autonomous vessels, for cost-effective and extensive maritime monitoring. Strategic partnerships and collaborations are common, such as agreements between technology firms and government agencies to develop customized surveillance solutions. acquisitions and mergers continue to shape the competitive landscape, enabling companies to expand their technological portfolios and market reach. For instance, recent acquisitions have involved companies specializing in cybersecurity and data analytics to bolster maritime surveillance offerings. Investments in satellite technology are growing, with new constellations being launched to improve global maritime awareness and communication. Additionally, there is an increasing emphasis on developing environmentally sustainable surveillance technologies that minimize ecological impact. These developments indicate a trend towards more integrated, intelligent, and efficient maritime surveillance systems, addressing evolving security and operational challenges in the maritime domain.

Report Segmentation

The maritime surveillance market report is segmented to provide detailed insights into various aspects of the industry. Segmentation by type includes surveillance and tracking systems, geographic information systems, surveillance satellites, unmanned systems, and communication systems, each analyzed for their market contribution and growth potential. By application, the report covers port and harbor monitoring, coastal surveillance, environmental monitoring, fisheries management, search and rescue, naval defense, and commercial shipping, highlighting specific demands and trends within each segment. Regional segmentation divides the market into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, examining regional dynamics, key players, and growth drivers. The report also segments by end-user, including government and defense, commercial, and others, to understand adoption patterns and requirements. Additionally, segmentation by technology focuses on emerging and established technologies such as AI, IoT, and radar systems, assessing their impact on market evolution. This comprehensive segmentation enables a thorough analysis of the maritime surveillance market, providing stakeholders with actionable insights to inform strategic decisions and identify growth opportunities.

FAQs

What is maritime surveillance? Maritime surveillance involves monitoring maritime areas using technologies like radar, satellites, and drones to enhance security, safety, and environmental protection.

Why is maritime surveillance important? It is crucial for detecting threats like piracy and smuggling, ensuring navigational safety, protecting marine environments, and complying with international regulations.

What technologies are used in maritime surveillance? Key technologies include radar systems, automatic identification systems (AIS), satellites, unmanned aerial vehicles (UAVs), and sonar systems.

Who uses maritime surveillance systems? Users include government agencies, naval forces, coast guards, port authorities, commercial shipping companies, and environmental organizations.

How does maritime surveillance help in environmental protection? It detects oil spills, monitors pollution, tracks illegal dumping, and supports conservation efforts by observing marine ecosystems.

What are the challenges in maritime surveillance? Challenges include high costs, data integration issues, cybersecurity threats, and operational complexities in international waters.

Citius Research has developed a research report titled “Maritime Surveillance Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Maritime Surveillance Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Maritime Surveillance Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Maritime Surveillance Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Maritime Surveillance Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Maritime Surveillance Market
• Research Methodology
• Executive Summary
• Market Dynamics of Maritime Surveillance Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Maritime Surveillance Market
• Cost and Gross Margin Analysis of Maritime Surveillance Market
• Maritime Surveillance Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Maritime Surveillance Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Maritime Surveillance Market Key Stakeholders

Below are the key stakeholders for the Maritime Surveillance Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Maritime Surveillance Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Maritime Surveillance Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Maritime Surveillance Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Maritime Surveillance Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Maritime Surveillance Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Maritime Surveillance Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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For further details request a free sample copy of this report here.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Maritime Surveillance Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Maritime Surveillance Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Maritime Surveillance Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Maritime Surveillance Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Maritime Surveillance Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Maritime Surveillance Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Maritime Surveillance Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Maritime Surveillance Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Maritime Surveillance Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Maritime Surveillance Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Maritime Surveillance Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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