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Maritime Security Market size is set to grow by USD 3.62 billion from 2024-2028, Growing marine threats boost the market, Technavio

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NEW YORK, Aug. 9, 2024 /PRNewswire/ — The global maritime security market size is estimated to grow by USD 3.62 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 3.2% during the forecast period. Growing marine threats is driving market growth, with a trend towards increase in number of new harbors. However, high installation cost of maritime security systems poses a challenge. Key market players include Airbus SE, BAE Systems Plc, Elbit Systems Ltd., HENSOLDT AG, Honeywell International Inc., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., MIND TECHNOLOGY INC., Northrop Grumman Corp., RTX Corp., Saab AB, Safran SA, Sonardyne International Ltd., SPX Technologies Inc., Teledyne Technologies Inc., Terma AS, Thales Group, The Boeing Co., and Ultra Electronics Holdings Plc.

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

Maritime Security Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.2%

Market growth 2024-2028

USD 3629.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.06

Regional analysis

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

Performing market contribution

North America at 49%

Key countries

US, UK, China, Germany, and Japan

Key companies profiled

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

Market Driver

The economic growth of nations relies significantly on the development and maintenance of harbors. In response to increasing public demand, countries like India, France, and Sri Lanka are investing in new harbor construction. These new harbors will enhance international trade by improving ships’ access to ports. This investment in infrastructure will stimulate maritime trade through increased shipping activity, leading to a heightened need for advanced maritime security systems during the forecast period. Consequently, the maritime security market is poised for robust growth.

The Maritime Security Market is experiencing significant growth due to increasing threats to maritime trade and transportation. Key trends include the deployment of warships for coastal surveillance and protection against pirate attacks, terrorism, and illegal activities. Seaports and port infrastructure are prioritizing security measures, incorporating advanced technologies such as custom electronics, multisensor cameras, and surveillance towers. Illegal immigration, smuggling, and global freight transportation are major concerns, leading to the adoption of proactive procedures and inspections. Vessel security is a top priority, with the use of screening, drone surveillance, and cybersecurity systems. Other technologies like fisheye, thermal, and wide-angle cameras are essential for monitoring and inspection. The Indian Navy’s INS Imphal, along with submarines, destroyers, frigates, oilers, submarine tenders, and amphibious transports, are crucial for maintaining situational awareness and addressing potential threats. The market for maritime security is continually evolving to address unauthorized activities, security breaches, armed robbery, and transnational crime. 

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Market Challenges

Maritime security is a crucial aspect of the shipping industry, addressing risks such as piracy, mechanical failure, adverse weather conditions, and navigational errors. However, the implementation and maintenance of maritime security technologies come with significant expenses. High initial investments are required for equipment acquisition, software licensing, and personnel training. On-premises solutions necessitate port responsibility for infrastructure, maintenance, and upgrades. Periodic software upgrades and the shortage of skilled professionals further increase costs. These factors may hinder market growth, despite the potential benefits of advanced maritime security technologies.The Maritime Security Market faces numerous challenges in ensuring vessel security and coastal surveillance. These include terrorism, illegal trafficking, illegal fishing, and transnational crime. To address these threats, advanced technologies such as fisheye, thermal, and wide-angle cameras are used for monitoring and inspection. Vessels like destroyers, frigates, oilers, submarine tenders, and amphibious transports are employed for proactive procedures. Combat management systems, imagery data, and satellite tracking help enhance situational awareness. However, potential threats also include cybersecurity risks and unauthorized activities. Geopolitical tensions, refugee movements, and irregular crossings in areas like the central Mediterranean add to the complexity. Resource limitations and coastal infrastructure security are also concerns. Solutions include drone surveillance, coastal radar stations, and security fencing with antennae for effective communication and response.

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

Segment Overview

This maritime security market report extensively covers market segmentation by

Type1.1 Deepwater security1.2 Perimeter securityTechnology2.1 Surveillance and tracking2.2 Screening and scanning2.3 Communications2.4 Other systemsGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Deepwater security- The maritime security market is experiencing growth due to the vast expanse of oceans and seas, which cover over 70% of the earth’s surface and serve as battlegrounds for many countries. Defense authorities prioritize enhancing their mid-sea attack and maritime border defense capabilities by investing in maritime security systems. The South China Sea’s territorial disputes have heightened safety concerns for neighboring countries like Taiwan, Japan, the Philippines, and Singapore, leading to an increase in their naval presence. This trend is anticipated to boost the demand for deepwater security solutions. Additionally, the protection of maritime resources from advanced threats necessitates the adoption of maritime security solutions by both governments and private organizations. However, the intricacy and scale of maritime infrastructure have grown significantly with the widespread adoption of advanced solutions. As a result, end-users face challenges in managing these systems. Furthermore, the high cost of implementation, reluctance to adopt new technologies, and stringent regulations pose barriers to market growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Maritime Security Market encompasses a range of solutions designed to protect warships, maritime trade, seaports, and port infrastructure from various threats. These include illegal immigration, smuggling, pirate attacks, and illegal fishing. Global freight and transportation rely heavily on maritime security to ensure the safe and efficient movement of goods. Port security is a critical component, utilizing custom electronics such as multisensor cameras and surveillance towers for monitoring and inspection. Proactive procedures, drone surveillance, and coastal situational awareness are essential for preventing potential threats and unauthorized activities. Other technologies like screening equipment and vessel security systems are also crucial in maintaining security. The market continues to evolve with innovations in surveillance, inspection, and monitoring technologies to address the ever-evolving maritime security landscape.

Market Research Overview

The Maritime Security market encompasses various aspects of securing maritime trade, seaports, and coastal areas against a range of threats. These include pirate attacks, illegal immigration, smuggling, terrorism, and transnational crime. Warships such as destroyers, frigates, and submarines play a crucial role in securing maritime routes and deterring potential threats. Seaports and port infrastructure require advanced security measures like custom electronics, multisensor cameras, surveillance towers, and cybersecurity systems to ensure the safety of global freight and transportation. Coastal surveillance using fisheye, thermal, and wide-angle cameras, radar systems, satellite tracking, and vessel tracking help maintain situational awareness and prevent unauthorized activities. Proactive procedures like drone surveillance, inspections, and screening are essential for addressing potential threats and security breaches. Geopolitical tensions, resource limitations, and irregular crossings in areas like the central Mediterranean add complexity to maritime security challenges. Coastal infrastructure, including security fencing and antennae, also requires protection against armed robbery and cybersecurity risks.

Table of Contents:

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

TypeDeepwater SecurityPerimeter SecurityTechnologySurveillance And TrackingScreening And ScanningCommunicationsOther SystemsGeographyNorth 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

RiDYMO® Designs Cyclic Peptide for “Undruggable” β-Catenin Target Within Two Months

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30 minutes ago

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January 9, 2025

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BEIJING, Jan. 8, 2025 /PRNewswire/ — In a recent achievement, DP Technology’s hit discovery platform RiDYMO® has successfully designed a cyclic peptide targeting β-catenin, a historically “undruggable” protein, in just two months. This innovative AI-driven approach combines advanced algorithms, physics simulations, and high-throughput experimentation to rapidly develop potential drug candidates for challenging targets. The platform’s success with β-catenin, a key player in cancer development, demonstrates its potential to revolutionize drug discovery for previously intractable targets.

The Wnt/β-catenin pathway plays a crucial role in various biological functions and is implicated in multiple cancers[1-3]. Despite its importance as a therapeutic target[4-7], β-catenin has long been considered “undruggable” due to its flat protein surface[8-10]. The RiDYMO® platform overcomes this challenge by leveraging a vast library of over 10^12 cyclic peptides and macrocyclic molecules, incorporating both natural and non-natural amino acids.

Using the RiDYMO® platform, researchers rapidly designed and screened cyclic peptide molecules for β-catenin binding. The process involved:

Optimizing the β-catenin protein structure to improve the binding interface.High-throughput screening and design of cyclic peptides using the platform’s extensive library.Synthesis and testing of 29 candidate molecules.

The results were impressive, with 12 compounds showing strong inhibition of protein-protein interactions (IC50≤10 μM), a success rate of over 40%. One standout compound, designated as compound 24, effectively bound to β-catenin, disrupted its interaction with BCL9, and inhibited the Wnt/β-catenin signaling pathway.

Dr. Dongdong Wang, Co-President of DP Technology’s Drug Discovery Unit, emphasized the platform’s ability to tackle undruggable targets and rapidly design high-quality compounds. The RiDYMO® platform’s success with β-catenin demonstrates its potential to accelerate the development of orally available cyclic peptide drugs, potentially transforming the pharmaceutical industry’s approach to challenging targets.

This breakthrough in cyclic peptide design for β-catenin showcases the power of AI-driven drug discovery platforms in addressing previously intractable targets, potentially opening new avenues for cancer treatment and other therapeutic areas.

About the RiDYMO® Hit Discovery and Optimization Platform

RiDYMO® is a state-of-the-art hit discovery and optimization platform developed by DP Technology, leveraging the principles of AI for Science. It employs the proprietary Hermite® computational drug design software to elucidate the dynamics of “undruggable” targets and explores a broader chemical space encompassing small molecules, macrocycles, and cyclic peptides. By integrating advanced artificial intelligence, physics-based algorithms, and high-throughput experimentation, the platform excels in designing oral macrocyclic compounds and rapidly delivers innovative drug candidates.

As one of its core algorithms, Reinforced Dynamics (RiD)[4] has a significant advantage in the sampling efficiency of molecular dynamics simulation. By fully leveraging the high-dimensional representation capabilities of neural networks, RiD can efficiently capture dynamic conformational changes in complicated biomolecular systems. Previously, the core RiD algorithm of the platform was published in Nature Computational Science [11]. The study demonstrated that RiD could achieve a more comprehensive free energy surface within 1.86 μs, compared to 100 μs required by traditional MD methods, representing nearly a hundredfold increase in efficiency.

RiDYMO® has been successfully employed in various drug discovery programs, including the development of small molecule compounds for crucial targets such as c-Myc and GPX4, as well as other modalities such as cyclic peptides and ADCs.

For more information, please visit our website.

(https://www.dp.tech/en/services/medicine).

About Hermite

Hermite® is a next-generation computational drug design platform developed by DP Technology, powered by AI for Science, to provide a comprehensive solution for drug design. Hermite® integrates industry-leading tools such as the Free Energy Perturbation module (“Uni-FEP”), and the ultra-high-throughput virtual screening tool (“Uni-VSW”). The platform supports key stages of drug discovery from protein structure prediction and target validation to hit discovery and lead optimization.

In addition, the platform offers an interactive, web-based molecular visualization experience, with detailed management of projects, teams, and data. It features full compliance certification, multi-tier security measures. Users have the flexibility to choose between cloud-based or private deployment options.

Hermite® is rapidly gaining traction in the pharmaceutical industry, with over 60% of leading companies in China utilizing the platform across more than 50 drug pipelines. This growing trust is reflected in the impressive number of calculations performed—over 200,000 Uni-FEP calculations to date—demonstrating Hermite®’s reliability and effectiveness as a powerful tool for drug discovery and development.

For more information, please visit: https://www.dp.tech/en/product/hermite  

References:

Salik B, et al. Targeting RSPO3-LGR4 signaling for leukemia stem cell eradication in acute myeloid leukemia. Cancer Cell. 2020;38(2):263–78.e6.Liu J, et al. Wnt/β-catenin signal ling: function, biological mechanisms, and therapeutic opportunities. Signal Transduct Target Ther. 2022 Jan 3;7(1):3.Choi BR, Cave C, Na CH, Sockanathan S. GDE2-dependent activation of canonical wnt signaling in neurons regulates oligodendrocyte maturation. Cell Rep. 2020;31(5):107540.Zhang L, Shay JW. Multiple roles of APC and its therapeutic implications in colorectal cancer. J. Natl. Cancer Inst. 2017;109(8).Belenguer G, et al. RNF43/ZNRF3 loss predisposes to hepatocellular-carcinoma by impair ing liver regeneration and altering the liver lipid metabolic ground-state. Nat. Commun. 2022;13(1):334.Cao L, et al. Helicobacter pylori-induced RASAL2 Through Activation of Nuclear Factor-κB Promotes Gastric Tumorigenesis via β-catenin Signaling Axis. Gastroenterology. 2022 May;162(6):1716-1731.e17.Hashemi M, et al., Biological functions and molecular interactions of Wnt/β-catenin in breast cancer: Revisiting signaling networks. Int. J. Biol. Macromol. 2023 Mar 31:232:123377.Hwang et al., Direct Targeting of b-Catenin by a Small Molecule Stimulates Proteasomal Degradation and suppresses Oncogenic Wnt/β-Catenin Signaling. 2016, Cell Rep. 16, 28–36.Tanton et al., A novel β-catenin/BCL9 complex inhibitor blocks oncogenic Wnt signaling and disrupts cholesterol homeostasis in colorectal cancer. 2022, Sci. Adv. 8, eabm3108.Scuoppo C. et al., “ST316, a Clinical Peptide Antagonist of β-catenin, Induces Anti-Tumor Immune Responses by Multiple Mechanisms of Action.” AACR 2024.Wang D, et al. Efficient sampling of high-dimensional free energy landscapes using adaptive reinforced dynamics. 2022, Nat. Comp. Sci. 2, 20.

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SOURCE DP Technology

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Technology

iGarden Debuts TurboX Series Robotic Pool Cleaner and Robotic Lawn Mower

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2 hours ago

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January 9, 2025

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LAS VEGAS, Jan. 8, 2025 /PRNewswire/ — iGarden, a pioneer in smart, comprehensive outdoor living solutions, is proud to announce the launch of two groundbreaking product series: the iGarden TurboX Series Robotic Pool Cleaner and the iGarden Lawn Mower.

iGarden TurboX Series Robotic Pool Cleaners – Effortless Pool Maintenance Redefined

Featuring a sleek hypercar inspired design packed with state-of-the-art iGarden AI-InverterTM technology that guarantees powerful, long-lasting performance, the iGarden TurboX Series is a year round device, ensuring your pool stays sparkling clean with minimal effort.

Pool Cleaning Powerhouse 

Being the Guinness Record Holding Endurance Champion for Longest Continuous Operation robotic pool cleaner, the TurboX series is a pool cleaning powerhouse with the TurboX Master edition featuring a record 15 Hour Marathon performance. Integrated with multiple patented iGarden AI-InverterTM  technologies, the TurboX Master boasts greater cleaning and battery efficiency, resulting in a lighter machine and long-lasting performance and run time, allows for up to a month of use without recharging, assuming twice-weekly cleanings*. The TurboX Master also comes with its Turbo mode for 200% extra turbocharged suction to clear those tougher stains.

Effortless Navigation Through Any Pool 

Armed with infrared sensors, IMU (inertial measurement unit + gyroscope), and obstacle-crossing design (tracks), the TurboX Master possesses strong compatibility, catering to cleaning needs of all shapes and sizes from pool steps, plateaus and round or oval shaped pools. Its intelligent algorithm allows the TurboX Master to autonomously return to its initial drop-off point when the battery is low, ensuring it does not remain adrift in the middle of the pool.

Intelligent Cleaning Paths 

The TurboX series follows an advanced 3D “S” pathing system, methodically cleaning every inch of your pool, leaving no spot untouched. Its modular propeller design gives it an edge when it comes to cleaning tough to remove algae and particles along the water line and bottom of the pool.

Elite Aesthetics and Durability

Featuring multi-layered anti-corrosion and UV-resistant coating, the TurboX Master ensures long-lasting durability against prolonged pool water and sunlight exposure. It also comes integrated with a magnetic filter basket which is designed for easy extraction from the top, making scheduled maintenance a breeze. The holographic touch interface is made for easy operation and resistant to deterioration or water damage.

iGarden Lawn Mower – the All-Terrain Robotic Lawn Mower

Powered by advanced AI technology Zero-turn AWD high traction driving system and the company’s inherited energy management system, the iGarden Lawn Mower brings users All-Scenario Friendly robotic lawn mower keeps your lawn perfectly manicured with minimal effort.

Flawless Cutting Performance Without the Hassle

With its built-in AWD, the Garden Lawn Mower can master slopes and hills and offering superior traction when traversing various terrains and precision manoeuvring for flawless cuts on uneven ground. The robust battery system allows the iGarden Lawn Mower to enjoy up to 10 hours of continuous, flawless mowing on a single charge, making it the best maintenance device to ensure your lawn is perfectly maintained at all times, day or night.

Made for Ease of Use and Convenient Wireless Control

Unlike other robotic lawn mowers, the iGarden Lawn Mower comes integrated with LiDAR technology and doesn’t require cumbersome perimeter wires or RTK reference stations. With the iGarden Lawn Mower, you can be ready to mow in minutes. Users can easily set up and monitor multiple lawn zones with ease, ensuring every area receives the perfect cut.

Smarter Mapping with AI Vision and Unwavering Precision

Cutting-edge AI technology allows the lawn mower to automate mapping, cross-edge cutting, and seamless obstacle recognition and avoidance. The 360° 430K-point cloud 3D LIDAR ensures stable, interference-free positioning and mapping for unparalleled accuracy and reliability. The iGarden Lawn Mower is specifically designed to avoid cutting flowers, so your garden and hedges remain beautifully untouched.

The iGarden TurboX and TurboX Master will be available in March and April 2025 respectively, and the iGarden lawn mower will be available on Kickstarter in April 2025. 

About iGarden

Founded in 1999, iGarden has been at the forefront of revolutionizing outdoor living with smart, comprehensive solutions that seamlessly blend premium energy efficiency with sophisticated design. iGarden is dedicated to pushing the boundaries of technology and design to elevate your everyday lifestyle to new heights of elegance and comfort.

Our product range is meticulously crafted to enhance every aspect of the outdoor experience. From our cutting-edge inverter pool technology to advanced robotic pool cleaners, solar energy panels, robotic lawnmowers, and surfing-swim machines, iGarden offers a holistic suite of solutions that transform your outdoor space into sanctuaries of luxury and efficiency.

At iGarden, we understand that true innovation lies in the details. Our vision is to provide you with hassle-free, stylish, and sustainable outdoor living solutions that not only meet but exceed expectations. Elevate your lifestyle with solutions designed to integrate seamlessly and experience the epitome of performance without the hassle.

Experience the artful living with iGarden:

Website: www.fairlandgroup.com
Facebook: https://www.facebook.com/people/iGarden/61570919963920/
YouTube: https://www.youtube.com/channel/UCKtrBDHjIeviWcSzMP_dpZg

Media Contact:

TEAM LEWIS
Leo Li
Email: leo.li@teamlewis.com

 

 

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SOURCE iGarden

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Technology

Vatrer Power Debuts Latest LiFePO4 Sustainable Energy Technology Solutions at CES 2025

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2 hours ago

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January 9, 2025

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LAS VEGAS, Jan. 8, 2025 /PRNewswire/ — Vatrer Power, the leading Lithium Iron Phosphate (LiFePO4) product and technology solution provider, is currently showcasing its latest sustainable energy solutions and products for consumer electronics, home energy storage, and electric vehicles at Booth #35906 during CES 2025, held from January 7 to 10 in Las Vegas.

“The CES exhibition is not only a platform to highlight our latest products but also an opportunity for us to communicate with global innovators, industry leaders, consumer users, and more. The brand mission of Vatrer Power is ‘to make green energy at your fingertips,’ and we hope to welcome you to visit us at the exhibition or follow us online,” said Henry Ma, CEO of Vatrer Power.

The Vatrer 48V 105AH Lithium Golf Cart Battery, to be highlighted at CES 2025, adopts EVE’s Grade A Prismatic LiFePO4 cells and offers 5.37kWh of energy. It delivers 10.24kW of power with low self-discharge and stable performance that’s 50 percent more powerful than similar-sized lithium batteries, and provides strong acceleration to handle tough terrains with ease. Engineered for 48V golf carts, this battery offers powerful energy and compatibility with major golf cart controllers, includes a 58.4V 20A LiFePO4 charger for fast charging, and features a 2.8-inch touchscreen for real-time monitoring.

The Vatrer 48V (51.2V) 100Ah LiFePO4 Lithium Solar Battery is a compact and high-efficiency home energy storage solution that seamlessly integrates with renewable energy. Its user-friendly design features a touchable smart interface for monitoring and controlling the battery anytime, anywhere, providing great convenience. With no acid in the lithium-ion battery, it can be mounted in any position, making Li-ion batteries perfect for marine, RV, campers, travel trailers, and off-grid applications.

In addition, the Vatrer 12V 460AH RV Lithium Battery is specifically designed for RVs and a perfect replacement for lead-acid batteries. It boasts a capacity of 5,888Wh and an impressive maximum load power of 3,200W. It fits the most unobstructed lead-acid battery trays with a compact size that takes up only half the space of four 12V 100Ah batteries. When used in conjunction with MPPT and an inverter, it seamlessly integrates into solar power systems, providing uninterrupted power supply for the RV.

At CES 2025, Vatrer Power’s exhibition will also feature simulations to demonstrate the products’ performance under extreme conditions. Visitors will have the opportunity to try the products firsthand and experience their functionality and efficiency.

Looking ahead, Vatrer Power will continue to innovate powerful, long-lasting and affordable LiFePO4 batteries for broader applications and accentuate on its commitment to green energy accessibility, supporting sustainable practices to build a green future for all.

For more information about Vatrer Power’s products and exhibition at CES 2025, please visit https://www.vatrerpower.com/blogs/event/consumer-electronics-show-2025.

About Vatrer Power

Vatrer Power was founded on a commitment to bridge the gap between cost and accessibility and mission of democratizing access to advanced lithium iron phosphate (LiFePO4) technology to make sustainable energy solutions affordable for all. Vatrer Power opened its flagship store in 2020—not just as a business venture but as a pledge to the planet and customers. Today, with a dedicated team of 200, it leads in providing eco-friendly batteries that power everything from consumer electronics to electric vehicles, ensuring energy that is not only reliable but also responsible. Driven by a promise of quality, innovation, and trust from the community, Vatrer Power thrives to create a greener future, not just powering the devices, but powering a better, sustainable life for everyone.

www.vatrerpower.com

https://www.instagram.com/vatrerpower/

https://www.youtube.com/@Vatrer

https://www.tiktok.com/@vatrerpowerofficial

CONTACT: Zixin Li, global@vatrerpower.com

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SOURCE Vatrer Power Inc.

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