Maritime Anti-Piracy Systems Market Technology, Trends, Development, Analysis and Forecast to 2023
Maritime Anti-Piracy Systems Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
(EMAILWIRE.COM, October 05, 2018 ) The increased focus towards the strengthening of maritime security will be one of the major factors that will have a positive impact on the growth of the market. There is an increased preference of water routes as a means of transportation and trade. This leads to increased risks in terms of piracy and related crimes. With piracy becoming a widespread and complex security issue, countries are working together to strengthen their maritime security. They employ advanced anti-piracy systems, such as LRAD, Vehicle-Mounted Active Denial System, and MDS, in their missions.
One trend in the market is deployment of drones for anti-piracy missions. Drones with surveillance and reconnaissance capabilities are being deployed for tracking pirate activities along the coastlines. These drones can act as deterrents as well as reactionary forces against armed maritime pirates. Drones are being used owing to their stealth feature. They have reduced the risk of exposure and can operate in areas that are difficult for humans to reach.
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Global Maritime Anti-Piracy Systems market is expected to grow from $XX million in 2016 to reach $XX million by 2023 with a CAGR of XX%. Some of the key factors influencing the market growth include increasing installation of scanjet anti-piracy solutions, need to build up maritime security and emergence of smart anti-piracy system. However, challenges associated with carrying firearms on ships are hindering the market growth.
The lethal anti- piracy segment amongst products had a steady growth during the forecast period. Lethal anti- piracy segment includes guns & rifles and are used in cases where the crew has the need to defend themselves from a potentially lethal attack from pirates. With piracy acts reappearing in the recent years, defense agencies across the globe will focus on procuring more weapons. This will contribute to the growth of this market segment during the forecast period. Europe, Middle East and Africa will be the key revenue contributors to the market. Countries in the European Union (EU) have extended their support for anti-piracy missions through multiple programs. The naval forces mainly operate in the Southern Red Sea, the Gulf of Aden, the Indian Ocean, and the Somali Coastal territory. In addition, the Nigerian government has been making efforts to reinforce the maritime sector for economic growth. Nigeria is looking to implement an anti-piracy law that will decrease the actions of pirates and other maritime offenders in the country.
Some of the key players in global Maritime Anti-Piracy Systems market include BAE Systems, A.ST.I.M, ST Electronics, Sentient Vision system, SAFRAN Group, Monitor Systems, LRAD, Guardian Maritime and CONTROP Precision Technologies.
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Maritime Anti-Piracy Systems Market Products Covered:
-Non-lethal Anti-Piracy Weapons
-Lethal Anti- Piracy
Regions Covered:
-North America
o US
o Canada
o Mexico
-Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Get more information at: https://www.reportsweb.com/inquiry&RW00011117690/discount
One trend in the market is deployment of drones for anti-piracy missions. Drones with surveillance and reconnaissance capabilities are being deployed for tracking pirate activities along the coastlines. These drones can act as deterrents as well as reactionary forces against armed maritime pirates. Drones are being used owing to their stealth feature. They have reduced the risk of exposure and can operate in areas that are difficult for humans to reach.
Request sample copy at: https://www.reportsweb.com/inquiry&RW00011117690/sample
Global Maritime Anti-Piracy Systems market is expected to grow from $XX million in 2016 to reach $XX million by 2023 with a CAGR of XX%. Some of the key factors influencing the market growth include increasing installation of scanjet anti-piracy solutions, need to build up maritime security and emergence of smart anti-piracy system. However, challenges associated with carrying firearms on ships are hindering the market growth.
The lethal anti- piracy segment amongst products had a steady growth during the forecast period. Lethal anti- piracy segment includes guns & rifles and are used in cases where the crew has the need to defend themselves from a potentially lethal attack from pirates. With piracy acts reappearing in the recent years, defense agencies across the globe will focus on procuring more weapons. This will contribute to the growth of this market segment during the forecast period. Europe, Middle East and Africa will be the key revenue contributors to the market. Countries in the European Union (EU) have extended their support for anti-piracy missions through multiple programs. The naval forces mainly operate in the Southern Red Sea, the Gulf of Aden, the Indian Ocean, and the Somali Coastal territory. In addition, the Nigerian government has been making efforts to reinforce the maritime sector for economic growth. Nigeria is looking to implement an anti-piracy law that will decrease the actions of pirates and other maritime offenders in the country.
Some of the key players in global Maritime Anti-Piracy Systems market include BAE Systems, A.ST.I.M, ST Electronics, Sentient Vision system, SAFRAN Group, Monitor Systems, LRAD, Guardian Maritime and CONTROP Precision Technologies.
Have any query? Enquire about report at: https://www.reportsweb.com/inquiry&RW00011117690/buying
Maritime Anti-Piracy Systems Market Products Covered:
-Non-lethal Anti-Piracy Weapons
-Lethal Anti- Piracy
Regions Covered:
-North America
o US
o Canada
o Mexico
-Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Get more information at: https://www.reportsweb.com/inquiry&RW00011117690/discount
Contact Information:
ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results