KSA Maritime Security Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.11 Billion |
| Market Size (2029) | USD 1.44 Billion |
| CAGR (2024 - 2029) | 5.34 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
KSA Maritime Security Market Analysis
The KSA Maritime Security Market size is estimated at USD 1.11 billion in 2024, and is expected to reach USD 1.44 billion by 2029, at a CAGR of 5.34% during the forecast period (2024-2029).
Saudi Arabia, spanning approximately 2,150,000 sq. km, dominates two-thirds of the Arabian Peninsula. It is flanked by the Aqaba Gulf and the Red Sea to the west and the Arabian Gulf to the east. This strategic positioning grants Saudi Arabia a unique status, boasting three seafronts and a coastline stretching around 3,400 km. The nation's coastlines are divided, with two along the Arabian Gulf and one along the Red Sea, which includes the Gulf of Aqaba. This western region alone features a coastline of roughly 2,400 km. Market growth in Saudi Arabia is fueled by mounting security concerns from neighboring nations, a surge in terrorism, and a rise in illicit activities within its marine ports.
General Authority for Statistics data highlights a notable uptick in Saudi Arabia's port ship traffic. In 2022, the country witnessed an 8.06% increase, tallying up to 14,266 vessels compared to the previous year. Jeddah Islamic Port led the pack with 3,907 vessels, closely trailed by the King Fahd Industrial Port in Yanbu, hosting 2,228 carriers, and the King Abdul Aziz Port in Dammam, accommodating 2,167 freighters. This surge in port numbers, coupled with heightened trade activities, is spurring demand for advanced maritime security solutions, bolstering the market's growth. However, navigating the landscape of stringent government regulations and the need for precise implementation standards poses a significant challenge to this growth trajectory.
KSA Maritime Security Market Trends
Surveillance and Tracking Segment Holds Highest Shares in the Market
Saudi Arabia, situated prominently on the Arabian Peninsula, boasts coastlines along the Persian Gulf and the Red Sea, strategically positioning it for shipping operations. The nation's heightened focus on trade, particularly in crude oil, coupled with rising maritime tensions, has underscored the need for advanced surveillance systems. Saudi ports have responded by deploying various cameras, from thermal to fisheye and pan-tilt-zoom (PTZ) variants.
For close-range monitoring, like overseeing cruise terminals, ports typically opt for wide-angle cameras, offering views ranging from 90 to 360 degrees, ideal for observing bustling operational zones. Also, thermal cameras are used for long-range surveillance, especially to combat illegal fishing and hunting along the coasts. In a notable move in November 2022, Saudi Arabia's Defense Ministry inked a memorandum with Spain's Navantia, aiming to construct multi-mission combat ships for the Royal Saudi Naval Forces. This collaboration was a strategic step to bolster Saudi's maritime security capabilities in the Gulf, a response to the escalating pirate activities and naval tensions in the region, which will drive the demand for surveillance and tracking in the coming years.
Port and Critical Infrastructure Security Segment Projected to Show Significant Growth During the Forecast Period
Saudi Arabia, flanked by the Persian Gulf to the east and the Red Sea to the west, has significantly invested in its port infrastructure. The nation boasts approximately 20 ports and terminals, with Jeddah and Dammam Ports emerging as the most bustling. Its maritime neighbors include Sudan, Egypt, and Eritrea along the Red Sea, Iran, and Bahrain in the Persian Gulf. Looking ahead, Saudi Arabia aims to boost its container capacity to over 40 million annually. This ambitious goal involves expanding the ports and making strategic investments in the associated value chain, bolstering integration with logistics zones, and enhancing connectivity with global shipping routes through improved rail and road networks.
Illustrating this commitment, in October 2022, the Saudi Ports Authority (Mawani) inked a deal with Maersk, a prominent shipping entity, to establish a comprehensive logistics park at the Jeddah Islamic Port valued at SAR 500 million (USD 133 million). Furthermore, in September 2022, Mawani allocated over SAR 61 million (USD 16 million) in collaboration with Giza Arabia to fortify the security apparatus at the King Fahad Industrial Port in Yanbu. These endeavors, coupled with the rising challenges of illegal activities like smuggling, terrorism, and cybercrime, underscore the heightened emphasis on bolstering port security infrastructure, a trend set to drive market growth in the foreseeable future.
KSA Maritime Security Industry Overview
The KSA maritime security market is consolidated, with a few players holding significant shares. Some of the key players in the market are THALES, Leonardo S.p.A., Airbus SE, BAE Systems plc, and Leidos Holdings, Inc. These key players are introducing a new generation of ship traffic control and management solutions that improve navigation safety and efficiency far beyond the limits of traditional coastal systems.
The advanced system automatically processes and fuses data from various sensors, including radars, CCTV, AIS, RDF, weather stations, and GMDSS. This fusion offers operators real-time insights into the VTS area. For example, in April 2023, Terma A/S unveiled Terma Connect Lite, a digital tool designed to enhance customer oversight of their surveillance and mission systems. This solution caters to operational staff and control rooms in the CS, VTS (ports), and SMR sectors.
KSA Maritime Security Market Leaders
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Airbus SE
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THALES
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BAE Systems plc
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Leonardo S.p.A
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Leidos Holdings, Inc.
*Disclaimer: Major Players sorted in no particular order
KSA Maritime Security Market News
- March 2024: Saudi Arabia unveiled the HMS Onaiza to bolster the Royal Saudi Navy's preparedness, elevate regional maritime security, and protect the nation's strategic interests.
- March 2024: Saudi Arabian Military Industries (SAMI) showcased the HAZEM CMS (Combat Management System) at the World Defense Show. Developed in collaboration with Spain's Navantia, the HAZEM system is now a core component of the 104-meter Avante 2200 corvettes, crafted in Spain, that are slated to augment the Saudi naval fleet. This comprehensive system encompasses an integrated communication setup, platform management, combat system integration, fire control, and a dedicated training module.
KSA Maritime Security Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By System
5.1.1 Screening and Scanning
5.1.2 Communications
5.1.3 Surveillance and Tracking
5.1.4 Other Systems
5.2 By Application
5.2.1 Port and Critical Infrastructure Security
5.2.2 Vessel Security
5.2.3 Coastal Security
5.2.4 Traffic Control
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Saab AB
6.2.2 THALES
6.2.3 Leonardo S.p.A
6.2.4 Elbit Systems Ltd.
6.2.5 Airbus SE
6.2.6 BAE Systems plc
6.2.7 Terma A/S
6.2.8 Westminster Group plc
6.2.9 Kongsberg Gruppen ASA
6.2.10 Nuctech Company Limited
6.2.11 Leidos Holdings, Inc.
6.2.12 Tahreez
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
KSA Maritime Security Industry Segmentation
Maritime security safeguards vessels, coastal areas, and marine operations against threats like piracy, terrorism, robbery, illegal fishing, pollution, and illicit trafficking. Our report on the maritime security market in KSA delves into protecting vessels, ports, and shipping-related infrastructure from international threats such as terrorism, sabotage, and subversion.
The KSA maritime security market is segmented by system and application. By system, the market is segmented into communications, surveillance and tracking, screening and scanning, and other systems. The other systems include gate or port access control systems, command and control systems, and sonar and sonobuoys. By application, the market is segmented into port and critical infrastructure security, vessel security, coastal security, and traffic control. Also, the report covers the market sizes and forecasts for the maritime security market across Saudi Arabia. The market size is provided for each segment in terms of value (USD).
| By System | |
| Screening and Scanning | |
| Communications | |
| Surveillance and Tracking | |
| Other Systems |
| By Application | |
| Port and Critical Infrastructure Security | |
| Vessel Security | |
| Coastal Security | |
| Traffic Control |
KSA Maritime Security Market Research FAQs
How big is the KSA Maritime Security Market?
The KSA Maritime Security Market size is expected to reach USD 1.11 billion in 2024 and grow at a CAGR of 5.34% to reach USD 1.44 billion by 2029.
What is the current KSA Maritime Security Market size?
In 2024, the KSA Maritime Security Market size is expected to reach USD 1.11 billion.
Who are the key players in KSA Maritime Security Market?
Airbus SE, THALES, BAE Systems plc, Leonardo S.p.A and Leidos Holdings, Inc. are the major companies operating in the KSA Maritime Security Market.
What years does this KSA Maritime Security Market cover, and what was the market size in 2023?
In 2023, the KSA Maritime Security Market size was estimated at USD 1.05 billion. The report covers the KSA Maritime Security Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the KSA Maritime Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
KSA Maritime Security Industry Report
Statistics for the 2024 KSA Maritime Security market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. KSA Maritime Security analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
