Maritime Reconnaissance and Surveillance Technology Market Global Outlook 2030

Posted by Vedika on March 20th, 2021

At an estimated value of over USD 29.46 billion in 2019, the Global Maritime Reconnaissance and Surveillance Technology Market is predicted to thrive at a CAGR of 5.5% and valued at over USD 48.93 billion over the forecast year 2020-2030. 

The maritime reconnaissance and surveillance technology is a feedback system which consists of deployment of surveillance assets. The information collected from these assets is compiled into a Recognized Maritime Picture (RMP). Hence, the reconnaissance and surveillance technologies have become the key to develop accurate and clear maritime situational awareness. The rapid technological    advancements has led to the shift in the way maritime forces manage and utilize Intelligence, Surveillance and Reconnaissance (ISR) capabilities.

Access Full Description of this report at:-

Top Companies: Boeing, Kongsberg Gruppen, SAAB, Thales SA, Raytheon Technologies, Indra Sistemas, Rheinmetall Air Defence, Kawasaki Heavy Industries, Ltd and others.

The global maritime reconnaissance and surveillance technology market share is segmented on the basis of component, platform, and geography. On the basis of component, the market is categorized into hardware (radar, sensors, AIS receiver, camera, SONOBUOYS/sonar, and others), software, and services (manage services/maintenance, integration and implementation, training and consulting).  According to the platform, the market is divided into airborne (unmanned aerial vehicle, maritime patrol aircraft (MPA), and aerostat), surface ships, and under water vehicle (submarine and underwater drones. Geographic fragmentation and analysis of each segment includes regions comprising North America, Europe, Asia Pacific and RoW.

In terms of geography, North America held major share of the market in 2019. This is attributed to the increasing deployment of advanced maritime surveillance systems along with the high government spending on defense sector. In addition to this, Canada has the longest coastline of about 202,080 kilometers; hence, the maritime industry of Canada would exhibit huge demand for maritime reconnaissance and surveillance technology. However, Asia pacific is expected to witness highest growth rate as the sea-borne terrorism has emerged as one of the major security threats across littoral-Asia.

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

Like it? Share it!


About the Author

Joined: November 28th, 2020
Articles Posted: 128

More by this author