The global maritime surveillance and intervention market size is expected to reach USD 52.41 billion by 2032, according to a new study by Polaris Market Research. The report “Maritime Surveillance and Intervention Market Share, Size, Trends, Industry Analysis Report, By System (Detectors, Combat Management Systems, Surveillance and Tracking, Geographic Information System (GIS), and Others); By Services; By Application; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growing acceptance of robotic technology has accelerated the production of advanced autonomous underwater vehicles (AUV) and underwater interventionist vehicles. These robotic vehicles take surveillance to the next extreme. These solutions include advanced electrical components such as elevated cameras, sensor technology, and laser profilers. For instance, in November 2022, HII's Mission Technologies business unveiled the REMUS 620, a visual technology unmanned underwater vehicle (UUV). The REMUS 620 builds on the design concept of the extremely successful REMUS 300, which the US Navy recently chose as the program of document for the Lionfish Small UUV. It has a battery life of up to 110 hours and a range of 275 miles off the coast. It provides unrivaled mission functionality for protective measures, hydrographic questionnaires, intelligence gathering, surveillance, and radar systems.
Furthermore, in September 2022, Fairbanks Morse Defense signed a contract with Estonia's DECK Maritime Systems to develop and construct an "intelligent" launching and recapture technology for unmanned marine vehicles. Fairbanks Morse's expertise with manned technology will be combined with DECK's competence in engineering and autonomy. This technology is suitable for both commercial and defense applications. It is utilized in the defense sector for intelligence, surveillance, and reconnaissance (ISR) applications, fast environmental evaluation, and mine countermeasures. Therefore, the rising adoption of robotic technology and the development of this technology-based autonomous marine vehicle are the major factors assisting the market in growing rapidly.
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Additionally, supportive regulatory compliances are driving the growth of the maritime security & safety industry. Assistance is offered for border control, security, fisheries, anti-piracy, & smuggling. Furthermore, the global component of such policies is often addressed to aid in detecting illegal operations in international waters.
Maritime Surveillance and Intervention Market Report Highlights
Polaris Market Research has segmented the Maritime Surveillance and Intervention market report based on system, services, application, and region:
Maritime Surveillance and Intervention, System Outlook (Revenue - USD Billion, 2019 - 2032)
Maritime Surveillance and Intervention, Services Outlook (Revenue - USD Billion, 2019 - 2032)
Maritime Surveillance and Intervention, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Maritime Surveillance and Intervention, Regional Outlook (Revenue - USD Billion, 2019 - 2032)