Dec 20, 2017   SOURCE: BusinessWire

Global Maritime and Border Security Market 2017-2027 - Research and Markets

The "Global Maritime and Border Security Market 2017-2027" report has been added to Research and Markets' offering.

Global market for maritime and border security is expected to be worth around US$21 Billion in 2017 and is expected to increase to nearly US$30 Billion by 2027, representing a CAGR of around 3.3% during the forecast period.

The report Global Maritime and Border Security Market 2017-2027 offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for maritime and border security equipment, key market trends, and challenges faced by industry participants.

Cumulatively, the global market for maritime and border security is projected to value around US$270 Billion during the forecast period, and is expected to be dominated by Asia Pacific, followed by North America and Europe.

Asia Pacific region accounts for the highest expenditure in the homeland security sector as emerging economies, such as India and China execute extensive modernization programs for their respective maritime and border security forces owing to a number of issues such as territorial conflicts and terrorism.

During 2017-2027, Asia Pacific is anticipated to dominate the global maritime and border security market with cumulative expenditure of about US$112 Billion. The spending in the region will be largely driven by the ongoing and planned future procurement programs of China, India, South Korea, Australia and Japan, among others, which comprises a large majority of the region's overall investment on the sector. The region is estimated to account for a share of over 41% of the overall maritime and border security market over the forecast period.

India remains the pivotal country in terms of border disputes in the Asia Pacific. Traditional rivalry with Pakistan and impact of recurrent terrorist activities emerging from the latter has compelled India to invest heavily in border infrastructure and surveillance. Similarly, territorial disputes with China along the Himalayan ranges have also resulted in increased investments by the Indian Government in the recent years. Moreover, persistent impact of immigrants from Bangladesh and Myanmar has raised internal security concerns among the law enforcement forces in the country, leading the Government to establish border fences and improved surveillance capabilities along the borders.

Key Topics Covered:

  1. Executive Summary
  2. Global Maritime And Border Security Market - Overview
  3. Market Dynamics
  4. Military Maritime And Border Security Market - Segment Analysis
  5. Regional Review
  6. Military Maritime And Border Security Market - Regional Analysis
  7. Trend Analysis - Key Defense Markets
  8. Key Programs Analysis
  9. Competitive Landscape Analysis

Companies Mentioned

  • Airbus Helicopters
  • BAE Systems plc
  • Bell Helicopter
  • Elbit Systems Ltd.
  • FLIR Systems Inc.
  • L3 Technologies
  • Leonardo S.p.A.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Company
  • Rolls Royce
  • Saab AB
  • The Boeing Company

For more information about this report visit https://www.researchandmarkets.com/research/wgc7c4/global_maritime?w=4