Maritime Security Market is Expected to Reach $20.87 Billion in 2018

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Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
Forecasts

• Maritime Security Market is Expected to Reach
  20.87 Billion in 2018

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Marine threats from human or natural agents such
as terrorist, environmental destruction, illegal
seaborne immigration, and international criminal
and piracy threats have created more demand for
regulated and standard maritime security systems.
Therefore, the worldwide revenue of maritime
market has crossed 12.55 billion in 2013, and
expected to reach 20.87 billion in 2018. The
worldwide market of maritime security is expected
to grow at a CAGR of 8.4.
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Browse through the market data tables, figures
and detailed ToC on the Global Maritime Security
Market. http//www.micromarketmonitor.com/marke
t-report/maritime-security-reports-4395008579.html

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North America Maritime Security Market

• United States government have increased their
  security measures after the 9/11 attack. The
  country also improved its maritime security since
  then, in order to develop the security at sea.
  Companies like Maersk, EADS, Safran, Finmeccanica
  SpA are helping countries to have secure
  international trade by water. Thus, the maritime
  security market is worth 3.6 billion in North
  America, and expected to be 4.7 billion in 2019.
  The calculated CAGR for period 2013-2019 is 4.4.

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Europe Maritime Security Market

• Many rules and regulations are implemented by the
  European government in order to improve the ship
  and port security facilities. Almost 90 of the
  European external freight trade is seaborne. The
  top companies like Finmeccanica SpA, EADS,
  Honeywell, Safran, and many other guarantees
  secure maritime transportation for these regions.
  Thus, the maritime security market is worth 3.24
  billion in Europe, and expected to be 4.41
  billion in 2019. The market is calculated to grow
  with a CAGR of 4.9, for period 2013-2019.

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Asia-Pacific Maritime Security Market

• In spite of the economic slowdown, the
  Asia-Pacific region has registered a market of
  worth 2.8 billion in 2013, and is expected to
  continue its growth at a CAGR of 11.6 to hit
  5.57 billion by 2019.There has been a massive
  growth in exports, which has led to the growth of
  the Asia-Pacific Maritime security market.
  Companies like EADS, Raytheon, Safran, Elbit
  Systems ltd. are helping the region to grow by
  minimizing piracy and maritime terrorism.

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Latin America Maritime Security Market

• Latin America maritime security market has been
  on a rising tide, as a massive scale of
  technological advancement is taking place in this
  region. Companies such as Elbit Systems ltd,
  Kongsberg Maritime, and many others are creating
  awareness about maritime security in this region.
  This has resulted in the maritime security market
  of Latin America to be worth 460 million, and is
  expected to reach 1.1 billion in 2019. The
  market is calculated to grow with a CAGR of 13.2.

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Middle East and Africa Maritime Security Market

• Many countries of the Middle East and Africa are
  constructing new ports, and are also improving
  their securities and facilities. There has been a
  significant rise in demand for the oil and other
  commodities in international market since the
  last decade, which in turn led to the rise the
  demand for maritime security in this region. The
  Middle East and Africa Maritime security market
  has crossed 2.45 billion revenue in 2013, and is
  expected to reach 4.97 billion by 2019 growing
  at a CAGR of 12. The top companies like BAE
  System, EADS, Raytheon, SaaB, Maersk, and others
  provide solutions which help minimize the risk of
  pirate attacks in this region.

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