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Maritime Situational Awareness Systems Market Size (2024 - 2029)

The Maritime Situational Awareness Systems Market is experiencing growth driven by the need for enhanced capabilities to address maritime boundary violations, smuggling, trafficking, terrorism, and territorial disputes. This demand is prompting countries to invest in the development and modernization of their naval fleets, which in turn fuels the need for advanced sea-based situational awareness systems. The increasing miniaturization and accuracy of these systems, along with their cost-effectiveness, are encouraging widespread procurement by militaries aiming to strengthen their surveillance and threat detection capabilities.

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Market Size of Maritime Situational Awareness Systems Industry

Maritime Situational Awareness Systems Market Summary
Study Period 2019-2029
Market Size (2024) USD 2.24 Billion
Market Size (2029) USD 2.79 Billion
CAGR (2024 - 2029) 4.51 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Maritime Situational Awareness Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

Maritime Situational Awareness Systems Market Analysis

The Maritime Situational Awareness Systems Market size is estimated at USD 2.24 billion in 2024, and is expected to reach USD 2.79 billion by 2029, growing at a CAGR of 4.51% during the forecast period (2024-2029).

The growth in maritime boundary violations, smuggling and trafficking, terrorism, and rising tensions between countries over territorial waters, etc., is forcing governments to enhance their maritime situational awareness capabilities, thereby propelling the growth of the market studied.

Countries around the world are heavily investing in the development, expansion, modernization, and gradation of their existing naval fleet. The development and procurement of new naval vessels, such as frigates, submarines, etc., are expected to generate demand for newer generation sea-based situational awareness systems for surveillance and threat detection purposes. The naval fleets of countries such as the United States, the United Kingdom, China, India, and Japan have been witnessing significant growth over the past few years as they are strengthening their military capacities and global reach. The increasing miniaturization and improving accuracy of these systems have been propelling their different maritime platforms. Their high reliability and availability at low costs have encouraged militaries to procure these systems in abundance.

Maritime Situational Awareness Systems Industry Segmentation

Maritime situational awareness systems are the machinery used in the naval defense forces. As maritime border conflicts become more frequent, maritime situational awareness systems are used to reduce the risk of incidents. Manufacturers of maritime focus on research and development (R&D) and the integration of new technologies in the maritime sector.

The maritime situational awareness systems market is segmented based on component, type, and geography. The market is segmented by components into sensors, displays and notification systems, and other components (auxiliary systems and command and control systems). Based on type, the market is segmented into command and control, radars, sonar, and optronics. The report also covers the market sizes and forecasts for the maritime situational awareness market in major countries across different regions, such as North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The report offers the market size in value terms in USD for all the abovementioned segments.

Component
Sensors
Displays and Notification Systems
Other Components
Type
Command and Control
RADARs
SONARs
Optronics
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East and Africa
United Arab Emirates
Saudi Arabia
Israel
Rest of Middle East and Africa
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Maritime Situational Awareness Systems Market Size Summary

The maritime situational awareness systems market is experiencing growth driven by increasing geopolitical tensions, maritime boundary violations, and the need for enhanced surveillance and threat detection capabilities. Governments worldwide are investing significantly in the development and modernization of their naval fleets, which includes the procurement of advanced naval vessels like frigates and submarines. This trend is particularly evident in countries such as the United States, the United Kingdom, China, India, and Japan, where there is a focus on strengthening military capacities and expanding global reach. The demand for newer generation sea-based situational awareness systems is being propelled by the need for improved surveillance and threat detection, as well as the increasing miniaturization and accuracy of these systems, which offer high reliability and cost-effectiveness.

In the Asia-Pacific region, countries like China, India, Australia, Japan, and South Korea are significantly increasing their investments in naval situational awareness systems to enhance maritime governance and battle preparedness. Technological innovations, such as advanced maritime surveillance systems and integrated command-and-control solutions, are driving market growth in this region. The market is semi-consolidated, with key players like Lockheed Martin Corporation, Elbit Systems Ltd, BAE Systems PLC, Leonardo SpA, and THALES leading the charge through substantial investments in research and development. These companies are benefiting from fleet expansion and modernization efforts globally, as well as long-term contracts for situational awareness technologies. The market's growth is further supported by initiatives like the PROTEUS project in the United States and the GMN 2 project in Germany, which aim to enhance maritime domain awareness and interoperability.

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Maritime Situational Awareness Systems Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Component

      1. 2.1.1 Sensors

      2. 2.1.2 Displays and Notification Systems

      3. 2.1.3 Other Components

    2. 2.2 Type

      1. 2.2.1 Command and Control

      2. 2.2.2 RADARs

      3. 2.2.3 SONARs

      4. 2.2.4 Optronics

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Mexico

        2. 2.3.4.2 Brazil

        3. 2.3.4.3 Rest of Latin America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 United Arab Emirates

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 Israel

        4. 2.3.5.4 Rest of Middle East and Africa

Maritime Situational Awareness Systems Market Size FAQs

The Maritime Situational Awareness Systems Market size is expected to reach USD 2.24 billion in 2024 and grow at a CAGR of 4.51% to reach USD 2.79 billion by 2029.

In 2024, the Maritime Situational Awareness Systems Market size is expected to reach USD 2.24 billion.

Maritime Situational Awareness Systems Market Report Snapshots

Maritime Situational Awareness Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)