The Key Players Global Maritime Security Market 2015-2019, According to a New Study on ASDReports

The report, now available on ASDreports, recognizes the following companies as the key players in the Global Maritime Security Market: AgustaWestland, FLIR Systems, Lockheed Martin, Northrop Grumman and Thales Group

Other Prominent Vendors in the market are: AAI, BAE Systems, General Dynamics and Skybox Imaging

Commenting on the report, an analyst said: “The growing defense budget in various nations has led to an increase in R&D investments and more contracts for maritime security systems. Vendors are focusing on providing better surveillance systems, communication systems, upgraded weapons, stealth UUVs, sensors, and underwater contraband threats. The market has also witnessed a shift toward unmanned surface vessels (USVs), which are cost-effective and fully autonomous.”

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Global Maritime Security Market 2015-2019

According to the report, maritime security operations cover missions ranging from preventing shipping of illegal goods to countering piracy. They also involve the prevention of embargo situations and human trafficking. These operations cannot be fulfilled with one intelligence acquisition scheme, so they require various applications and technological advancements to effectively support them.

Further, the report states that greater international sea trade is raising serious concerns for maritime security agencies due to the growth of illegal activities. The hijacking of vessels, illegal fishing, human trafficking, and transcontinental immigration impose serious threats to national security.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Read more on ASDReports or Download Report Information

Source: ASDReports - Market Research
Date: Nov 16, 2015