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Maritime Surveillance Market size is set to grow by USD 1.48 billion from 2023-2027, Growing marine threats boost the market, Technavio

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NEW YORK, July 12, 2024 /PRNewswire/ — The global maritime surveillance market size is estimated to grow by USD 1.48 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  3.65%  during the forecast period. Growing marine threats is driving market growth, with a trend towards expansion of chinese naval fleet in critical regions. However, high installation cost of maritime surveillance systems  poses a challenge. Key market players include Airbus SE, BAE Systems Plc, Elbit Systems Ltd., Furuno Electric Co. Ltd., HENSOLDT AG, Honeywell International Inc., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., MIND TECHNOLOGY INC., Northrop Grumman Systems Corp., Raytheon Technologies Corp., Saab AB, Safran SA, Sonardyne International Ltd., SRT Marine Systems Plc, Teledyne Technologies Inc., Terma AS, Thales Group, and The Boeing Co..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Maritime Surveillance Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017 – 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.65%

Market growth 2023-2027

USD 1.48 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.94

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 33%

Key countries

US, China, Japan, Germany, and UK

Key companies profiled

Airbus SE, BAE Systems Plc, Elbit Systems Ltd., Furuno Electric Co. Ltd., HENSOLDT AG, Honeywell International Inc., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., MIND TECHNOLOGY INC., Northrop Grumman Systems Corp., Raytheon Technologies Corp., Saab AB, Safran SA, Sonardyne International Ltd., SRT Marine Systems Plc, Teledyne Technologies Inc., Terma AS, Thales Group, and The Boeing Co.

Market Driver

China’s commitment to expanding its naval fleet, as declared by its President in 2012 with the aim of making China a maritime superpower, has led to heightened surveillance activities in critical regions, such as the South China Sea and the Indian Ocean. This expansion has raised concerns for neighboring countries like India, resulting in increased naval presence and monitoring through mission-based deployments. The People’s Liberation Army Navy (PLAN) is now a significant focus for global maritime surveillance, with advanced technologies like satellite communication systems, underwater surveillance, and real-time onshore surveillance being employed to detect potential threats, including piracy, sabotage, and unlawful acts. This geopolitical tension, coupled with trade restrictions, raw material shortages, and labor shortages, is expected to fuel the growth of the global maritime surveillance market, with a focus on advanced technologies, such as digital communication systems, crew changes, and equipment shortages, during the forecast period. Additionally, the increasing presence of commercial fishing vessels, cruise ships, and passenger vessels in international waters necessitates the need for robust maritime surveillance systems to ensure safety and security. 

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Market Challenges

Maritime surveillance plays a crucial role in ensuring the safety and security of global sea trade by mitigating various operational risks. These risks include mechanical failures, adverse weather conditions, piracy attacks, capsizing, navigational errors, and adverse sea conditions. Maritime surveillance technologies, such as radar, sonar, and live video streaming, enable effective communication between maritime authorities, major ports, and waterways. They also facilitate incident management, maritime safety standards, and detection of illegal activities. Elbit Systems Sweden offers combat management systems and underwater detection systems to enhance maritime situational awareness. However, the high costs of repairing, maintaining, and upgrading these systems may deter small ports and harbors from investing in them. Maritime terrorism, attacks on vessels, and criminal activities further necessitate advanced surveillance systems. Multi-purpose vessels (MPV), coastguard, navy, and law enforcement processes also benefit from these technologies. Additionally, sensors and tracking software aid in monitoring animal life and artificial structures.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This maritime surveillance market report extensively covers market segmentation by  

Component 1.1 Sensors1.2 Radar1.3 AIS receiver1.4 Software and othersEnd-user 2.1 Defense2.2 Customs2.3 Fisheries2.4 Intelligence2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Sensors-  Maritime safety is a paramount concern for ports and coastal regions, necessitating the deployment of advanced surveillance technologies to counteract maritime threats such as piracy, sabotage, and unlawful acts. Coast guard and sea marshal patrols employ semaphore techniques and technological proliferation, including radio communication systems and satellite communication systems, to ensure real-time onshore surveillance and underwater surveillance. Maritime transport, international trade, and commercial fishing are significantly impacted by trade restrictions, raw material shortages, ocean blank sailings, port closures, reduced working hours, equipment shortages, labor shortages, and transport capacity constraints. Digital technologies, including sensors, play a crucial role in maritime applications, providing almost lossless transmission, improved sensitivity during data capture, and continuous, real-time analysis. By integrating sensor data with structured analyses, maritime operators can make faster tactical decisions, incorporating environmental conditions into their operational plans, and ensuring the smooth flow of global trade, passengers, and cargo on ships and planes.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Maritime Surveillance Market is a critical sector ensuring maritime safety and security, particularly in the context of international trade and the protection of people and businesses at sea. Coastal surveillance technologies play a pivotal role in detecting and deterring maritime threats, including piracy, sabotage, unlawful acts, maritime terrorism, and attacks on vessels. These threats endanger lives, disrupt international trade, and undermine economic stability. Ports serve as vital economic hubs, making their security a top priority. Maritime surveillance technologies enable real-time data collection and analysis, enhancing situational awareness and enabling swift responses to potential threats. Advanced systems employ AI and machine learning to identify patterns and anomalies, reducing false alarms and improving overall efficiency. The sea remains a vast and dynamic environment, necessitating robust maritime surveillance solutions to safeguard against criminal activities and ensure the safety of all those who rely on the sea for their livelihoods and commerce.

Market Research Overview

Maritime surveillance is a critical aspect of ensuring maritime safety and security. With the increasing importance of international trade by sea, ports have become prime targets for unlawful acts such as piracy, sabotage, and maritime terrorism. Coastal surveillance technologies, including semaphore techniques, radio communication systems, and satellite communication systems, play a vital role in real-time onshore surveillance and underwater surveillance. Maritime threats pose significant challenges to maritime transport, trade flows, and commercial fishing. Coast guards, sea marshals, and other maritime authorities employ advanced technologies like radar, sonar, and AI to enhance situational awareness and detect incidents. Digitalization, including the use of AI, blockchain, IoT, and automation, is transforming maritime management, from shipping logistics to marine management software and inventory data. Effective information sharing and communication are essential to mitigating risks, managing labor and equipment shortages, and addressing transport capacity constraints. Major ports and waterways require continuous surveillance to prevent incidents, manage traffic, and ensure maritime safety standards. Maritime rescue coordination and incident management are crucial in ensuring the safety of passengers, crew changes, and seafarers’ employment contracts. Maritime surveillance systems must address obstacles like closed borders, airport security, and communication with ships and planes. The integration of digital technologies and advanced detection techniques can help reduce the time and money spent on maritime transport while minimizing the environmental impact on marine industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentSensorsRadarAIS ReceiverSoftware And OthersEnd-userDefenseCustomsFisheriesIntelligenceOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

SecurityGen and NEC Team Up to Strengthen Cybersecurity Operations for Indonesian Telcos

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1 min ago

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September 24, 2024

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Harnessing future-ready solutions and expertise to safeguard Telecom networks against emerging threats

JAKARTA, Indonesia, Sept. 24, 2024 /PRNewswire/ — In a significant development for telecom cybersecurity, SecurityGen, an award-winning global leader in telecom cybersecurity, and PT NEC Indonesia, a leader in IT, network and AI technologies and a multi-vendor system integrator, have announced a partnership to strengthen telecom network defences across Indonesia. This alliance brings together SecurityGen’s cutting-edge security solutions and NEC’s extensive expertise in telecom infrastructure in a bid to combat a spectrum of increasingly advanced cyber threats.

The partnership aims to enhance the performance, reliability, and security of telecom networks throughout the region with SecurityGen providing future-ready threat-informed defence platform, comprising its Breach Attack platform and Monitoring system, and NEC offering crucial professional services to support and optimize these advanced security solutions. SecurityGen will also ensure rapid, effective deployments through comprehensive training and onboarding. By focusing on future-proofed solutions and fostering local talent, this partnership supports NEC’s vision of bolstering its security-as-a-service offering and solidifying its position as a trusted partner for Indonesian telcos.

This collaboration becomes even more vital given the speed with which telecom networks are evolving – making them increasingly complex and vulnerable. Unfortunately, traditional security measures are not effective enough anymore. By integrating advanced, AI-powered threat intelligence with automated security systems, this partnership aims to provide telco SOCs with unprecedented visibility into signalling traffic and robust validation against real-world attacks. This proactive approach, with in-built remediation, will not only mitigate breach risks but also equip security teams with the essential tools and expertise to counteract sophisticated cyber threats and maintain business resilience.

Amit Nath, Co-Founder & CEO of SecurityGen, said, “Our partnership with NEC is a crucial step towards fortifying Indonesia’s telecom sector with the expertise and tools essential for securing modern networks and operations. Together, we’re committed to building local competencies and implementing advanced, research-driven strategies to ensure the long-term security and resilience of the telecom infrastructure.”

Joji Yamamoto, President Director of NEC Indonesia said, “”In Indonesia, we have seen rapidly increasing growth of cloud services, and connected devices and subscribers for IoT use cases. NEC Indonesia welcomes the partnership with SecurityGen to join forces in advancing network security in Indonesia to protect information assets through the introduction and operation of measures against cyber-attacks.”

***

About SecurityGen
Founded in 2022, SecurityGen is a global leader in telecom security. We provide a solid security foundation to drive secure telecom digital transformations and ensure safe and robust network operations. Our extensive product and service portfolio offers complete protection against existing and advanced telecom security threats. www.secgen.com

About PT. NEC Indonesia

NEC first established its Jakarta Representative Office in 1968. Through the years, PT. NEC Indonesia recognized the importance of instituting telecommunications infrastructure for the country and has introduced several NEC technologies and solutions. This has resulted in PT. NEC Indonesia achieving the market leader position of being a total solutions provider for the Indonesian telecommunications industry.

Today, with its headquarters in Jakarta, PT. NEC Indonesia continues to play a significant role in providing total telecommunications and IT business solutions to its customers in the government and enterprise businesses. For more information, please visit http://id.nec.com/ 

 

 

 

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SOURCE PT. NEC Indonesia

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Patricia Calderon, Global Head of Water of CDP: How to drive water action across supply chains

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September 24, 2024

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JAKARTA, Indonesia, Sept. 24, 2024 /PRNewswire/ — This is an article from Patricia Calderon, Global Head of Water of CDP:

Supply chains are the knots that tie our global economy together and allow it to operate as it does.

In recent years those knots have become more complex and fragile.

Major trade routes can be held up by conflict, politics, or simply a container ship running aground. The world is deeply dependent on pinch points functioning with high volumes of traffic and little to no barriers. Below that level exist smaller, more intricate threads which have built up over time, across borders and through river basins.

The fragility now baked into the system is, in part, a result of our changing climate and the unsustainable nature of supply chains. Building resilience within supply chains to adapt to frequent extreme weather events is now crucial. Lessening their environmental impact is part of the same equation.

Deep dive

New research from CDP, the global non-profit leading the world’s environmental disclosure system for companies, cities, states, and regions, has examined the problem using data directly from companies.

We looked at 3,163 large companies with an annual revenue of more than EUR/ US$250 million. These companies disclosed to CDP’s annual water security questionnaire. A total of 1,542 companies – 50% – responded that they are engaging their supply chain on water risks. This includes inserting water requirements into supplier contracts, collecting water data, raising awareness of water issues, or collaborating on innovation.

Further analysis provides a unique insight into how some of the world’s largest brands are grappling with water issues. 1 in 5 companies are facing supply chain risks which could have a substantive financial or strategic impact on their business. These risks were estimated to total US$77 billion. And according to 79 businesses, a total of US$7 billion was deemed to be at immediate risk due to urgent water scarcity, food, regulatory and reputational issues.

Stem the tide

The data is clearly telling us our water supplies are becoming ever more fragile and the financial toll is mounting up. It’s down to large companies with the biggest water impacts to take immediate action, working with their suppliers to stem the tide of water risk.

Our research points to some of the tools currently being used by responsible companies – financial incentives, stricter contracts, and closer engagement are key. A group of forward-thinking businesses are already working on the problem. 443 businesses – 14% – offer their senior leaders, including the board, incentives to improve water management across the supply chain. A smaller group provide direct financial incentives to their chief procurement or purchasing officers.

Buyers and suppliers need to collaborate to ensure sustainability is a business norm. Recognizing it as a key differentiator among suppliers will be essential going forward. If we fail to address these issues the mounting financial impact of water risks will become all too apparent.

Going beyond

The report makes a strong case for companies to take immediate action on water issues in their supply chain and offers six key steps for companies. Each one of these indicators follows from the next: assess supply chain risks and impacts; set global targets; incentivize executives to act; include water in supplier requirements; engage with suppliers; and incentivize and support suppliers.

Ensuring supply chains can build resilience, reduce water risks, and keep our economies going is within reach. But to do so quickly and comprehensively we need to go beyond voluntary measures. The bar should be raised much higher in order to close the gap between where we are now and need to be.

Stronger regulation for mandatory disclosure and transparent reporting mechanisms are imperative to drive progress. This requires a combined approach with government policy, industry standards, and stakeholder engagement all playing a role.

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SOURCE CDP

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J-Stories launches special page to report on largest Japan-Taiwan summit bringing together startups and investors in the region

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1 min ago

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September 24, 2024

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This year’s event in Tokyo expanded to its largest scale yet amid growing interest in Taiwan’s dominant semiconductor and AI sectors

Japan’s solutions-focused news service J-Stories is an official media partner of the 2024 Japan-Taiwan Innovations Summit. Here’s J-Stories’ special page where summit-related stories are featured in partnership with Startup Island TAIWAN, Taiwan’s national startup brand. J-Stories is run by Tokyo-based media agency Pacific Bridge Media & Consulting.

TOKYO, Sept. 23, 2024 /PRNewswire/ — The 2024 Japan-Taiwan Innovation Summit, the largest startup event to date featuring Japanese and Taiwanese aspiring to expand overseas, was held this month (Sept.17-18) in central Tokyo. Over 1,000 participants from various sectors – including politics, academia, large business and media – engaged with approximately 70 innovative startups over the two days.

The annual summit, which started two years ago, expanded further from previous years, incorporating cutting-edge industries, including AI, biomedical science, cybersecurity, digital services, fintech, defense and aerospace.

The two-day event was co-hosted by Taiwan’s National Development Council (NDC), a government body of Taiwan, and the Tokyo Metropolitan Government. Tokyo-based media agency Pacific Bridge Media & Consulting also supported the event as the official media partner, featuring various reports and videos about the event on a special online page, bridging the gap between Taiwan’s top entrepreneurs and the startup community in Japan.

Discussed among the main topics were Taiwan’s booming semiconductor supply chain and its uninhibited growth potential within the next decade. Taiwan’s leading chipmaker, TSMC, was launched as a startup more than three decades ago with the support of the Taiwanese government. Now, the international company is building factories in southern Japan, giving those in Tokyo high hopes for Taiwan’s investments in bumping up semiconductor production capabilities and building more factories in Japan.

At this year’s summit, it was not only Taiwanese entrepreneurs who took the floor, but also Japanese startups. The summit featured a significant number of Japanese participants from financial institutions, venture capitalists, and trading companies. This increased Japanese involvement is expected to strengthen the Japan–Taiwan network and contribute to the development of a thriving international ecosystem.

To start Day 1, Taiwan’s NDC Minister Liu Chin-Ching (Paul Liu), the Taiwanese delegation leader for this summit, took the stage. Minister Liu stated: “We are implementing the ‘Bridge Plan’ to expand innovation internationally. While we have been advancing innovation domestically in Taiwan, our future goal is to pursue international collaboration, with Japan being our first partner.” He emphasized the significance of Japan and Taiwan’s collaborative efforts. 

A video message from Tokyo Gov. Yuriko Koike was shown following Liu’s speech. She emphasized, “Taiwan and Japan have built a strong cooperative relationship. Let’s join forces between Tokyo and Taiwan to launch significant innovation.”

Among the speakers was Kei Furukawa, an Investment Partner at UTokyo IPC, who gave a lecture titled “Innovation and Startup Development Systems at the University of Tokyo VC,” discussing the advancement of innovation and entrepreneurship through collaboration between government and universities in Japan.

Additionally, there were presentations from Japanese and Taiwanese startups and innovation companies, speeches by notable guests, and more. The summit concluded with an invitation-only opening ceremony for the Taiwan Startup Tokyo office and a gala dinner with investors.

Visit J-Stories’ special page here:
https://jstories.media/jp/specials/jtis

Event Overview:

Name: 2024 Japan-Taiwan Innovation SummitDate: September 17 (Tuesday) – 18 (Wednesday), 2024, 10:00 AM – 5:00 PMVenue: Tokyo Innovation Base (TiB) 2nd Floor (3-8-3 Marunouchi, Chiyoda-ku, Tokyo, in front of Yurakucho Station)Format: On-site participationLanguages: Chinese, Japanese, and English (with simultaneous interpretation)Organizer: Startup Island TAIWAN

For more information on the Japan-Taiwan Innovation Summit 2024, please click here:

https://togethergobig.jp/en-summit

About J-Stories:

J-Stories is an online news platform that communicates innovative ideas, products, and technologies from Japan that address global issues to audiences and investors worldwide in Japanese, English, and Chinese. As the media partner for the “2024 Japan-Taiwan Innovation Summit,” J-Stories will be publishing articles about the summit before and after the event. J-Stories is run by Tokyo-based multilingual media agency Pacific Bridge Media & Consulting.

To receive the latest articles from J-Stories, please subscribe to our newsletter by emailing: jstories@pacificbridge.jp

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SOURCE PACIFIC BRIDGE MEDIA AND CONSULTING

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