Maritime Situational Awareness Systems Market Size
| Study Period | 2019-2029 |
| Market Size (2024) | USD 2.24 Billion |
| Market Size (2029) | USD 2.79 Billion |
| CAGR (2024 - 2029) | 4.51 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Maritime Situational Awareness Systems Market Analysis
The Maritime Situational Awareness Systems Market size is estimated at USD 2.24 billion in 2024, and is expected to reach USD 2.79 billion by 2029, growing at a CAGR of 4.51% during the forecast period (2024-2029).
The growth in maritime boundary violations, smuggling and trafficking, terrorism, and rising tensions between countries over territorial waters, etc., is forcing governments to enhance their maritime situational awareness capabilities, thereby propelling the growth of the market studied.
Countries around the world are heavily investing in the development, expansion, modernization, and gradation of their existing naval fleet. The development and procurement of new naval vessels, such as frigates, submarines, etc., are expected to generate demand for newer generation sea-based situational awareness systems for surveillance and threat detection purposes. The naval fleets of countries such as the United States, the United Kingdom, China, India, and Japan have been witnessing significant growth over the past few years as they are strengthening their military capacities and global reach. The increasing miniaturization and improving accuracy of these systems have been propelling their different maritime platforms. Their high reliability and availability at low costs have encouraged militaries to procure these systems in abundance.
Maritime Situational Awareness Systems Market Trends
Command and Control Segment to Exhibit the Highest Growth Rate During the Forecast Period
The increasing need for coordination between different fighting assets during combat is expected to drive the market for command-and-control systems. Naval forces across the world are investing heavily in the development of new vessels and equipping them with state-of-the-art battle management software and systems to increase their situational awareness.
Western naval powerhouses are increasingly focusing on frigate building and are investing in the development of frigate command and control systems. For instance, in January 2022, the US Naval Research Laboratory launched its PROTEUS pilot project to try the integrated system of maritime domain awareness capabilities. PROTEUS is used to identify, query, and filter maritime vessels based on user-defined criteria and provides near-real-time global maritime situational awareness. This is achieved by providing multi-source data ingestion and fusion services and automatically generating and maintaining global vessel tracks. In August 2023, the German Navy received the C2 maritime solution. The contract is a part of the GMN 2 (German Mission Network Block 2) project that aims to integrate and standardize C2 information systems and enhance the interoperability of domestic and international operations. The aforementioned factors and instances are propelling the development of maritime command and control systems across the world.
Asia-Pacific to Exhibit the Highest Growth Rate During the Forecast Period
Maritime situational awareness is an essential element for any country that wishes to govern its maritime zones. Asia-Pacific is home to countries such as China, India, Australia, Japan, South Korea, etc. These countries are significantly increasing their spending on the development and procurement of naval situational awareness systems to increase their battle preparedness over the sea. The market studied in the region is driven by technological innovations. For instance, in November 2023, Teledyne FLIR Defense launched its advanced maritime surveillance system, the SeaFLIR 240-EP, which provides surveillance for sea-based ISR, search and rescue, and SOF mission's advanced optics and image processing. It delivers services such as object detection, recognition, and identification.
China has sped up the integration process of its electro-optical sites, surface wave radars, and missile defense systems, a move that is expected to provide a significant boost to China's maritime situational awareness capabilities. China is rapidly retiring older, single-mission warships in favor of larger, multi-mission vessels equipped with advanced anti-ship, anti-air, and anti-submarine systems, sensors, and command-and-control networks. Similarly, the Indian Navy has been focusing on developing indigenous platforms, systems, sensors, and weapons as part of the modernization and expansion of its maritime forces. Such instances are propelling the growth of the maritime situational awareness systems market in the Asia-Pacific region.
Maritime Situational Awareness Systems Industry Overview
The maritime situational awareness market is semi-consolidated in nature. Lockheed Martin Corporation, Elbit Systems Ltd, BAE Systems PLC, Leonardo SpA, and THALES are some of the prominent players in the market studied. The market is driven by large-scale investments in research and development from key players in the field of technologies such as space-based network-centric data sharing, artificial intelligence, etc. The maritime situational awareness systems market has seen increasing demand with the incorporation of new products and equipment that are ready to be commissioned into the naval forces, such as network sensors, temperature sensors, and other equipment. Market players are expected to enjoy a healthy growth in revenue owing to fleet expansion and modernization efforts from navies across the world and several long-term contracts that are awarded for situational awareness technologies.
Maritime Situational Awareness Systems Market Leaders
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Lockheed Martin Corporation
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Leonardo S.p.A.
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BAE Systems plc
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THALES
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Elbit Systems Ltd.
*Disclaimer: Major Players sorted in no particular order
Maritime Situational Awareness Systems Market News
October 2023: Airbus, a leading provider of advanced technology solutions, was awarded the maintenance and evolution contract of the SPATIONAV system, an important component of France's maritime surveillance infrastructure. The SPATIONAV system encompasses a comprehensive suite of sensors, including RADAR, AIs, and cameras, strategically positioned across 105 sites along France's extensive 6,000 km maritime coastline.
September 2023: Systems Engineering and Sensors House SEA launched a new underwater situational awareness capability for sonar operations. The new product, named KraitOptimise, uses high-resolution environmental and ocean model data sources to provide underwater situational awareness intended to improve sonar positioning and performance significantly.
Maritime Situational Awareness Systems Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Component
- 5.1.1 Sensors
- 5.1.2 Displays and Notification Systems
- 5.1.3 Other Components
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5.2 Type
- 5.2.1 Command and Control
- 5.2.2 RADARs
- 5.2.3 SONARs
- 5.2.4 Optronics
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Latin America
- 5.3.4.1 Mexico
- 5.3.4.2 Brazil
- 5.3.4.3 Rest of Latin America
- 5.3.5 Middle East and Africa
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Israel
- 5.3.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Elbit Systems Ltd
- 6.2.2 Saab AB
- 6.2.3 BAE Systems PLC
- 6.2.4 THALES
- 6.2.5 Northrop Grumman Corporation
- 6.2.6 Teledyne FLIR LLC
- 6.2.7 Lockheed Martin Corporation
- 6.2.8 L3 Harris Technologies Inc.
- 6.2.9 Leonardo SpA
- 6.2.10 Rafael Advanced Defense Systems Ltd
- 6.2.11 HENSOLDT AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Maritime Situational Awareness Systems Industry Segmentation
Maritime situational awareness systems are the machinery used in the naval defense forces. As maritime border conflicts become more frequent, maritime situational awareness systems are used to reduce the risk of incidents. Manufacturers of maritime focus on research and development (R&D) and the integration of new technologies in the maritime sector.
The maritime situational awareness systems market is segmented based on component, type, and geography. The market is segmented by components into sensors, displays and notification systems, and other components (auxiliary systems and command and control systems). Based on type, the market is segmented into command and control, radars, sonar, and optronics. The report also covers the market sizes and forecasts for the maritime situational awareness market in major countries across different regions, such as North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The report offers the market size in value terms in USD for all the abovementioned segments.
| Component | Sensors | |
| Displays and Notification Systems | ||
| Other Components | ||
| Type | Command and Control | |
| RADARs | ||
| SONARs | ||
| Optronics | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Mexico |
| Brazil | ||
| Rest of Latin America | ||
| Geography | Middle East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Israel | ||
| Rest of Middle East and Africa |
Maritime Situational Awareness Systems Market Research FAQs
How big is the Maritime Situational Awareness Systems Market?
The Maritime Situational Awareness Systems Market size is expected to reach USD 2.24 billion in 2024 and grow at a CAGR of 4.51% to reach USD 2.79 billion by 2029.
What is the current Maritime Situational Awareness Systems Market size?
In 2024, the Maritime Situational Awareness Systems Market size is expected to reach USD 2.24 billion.
Who are the key players in Maritime Situational Awareness Systems Market?
Lockheed Martin Corporation, Leonardo S.p.A., BAE Systems plc, THALES and Elbit Systems Ltd. are the major companies operating in the Maritime Situational Awareness Systems Market.
Which is the fastest growing region in Maritime Situational Awareness Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Maritime Situational Awareness Systems Market?
In 2024, the North America accounts for the largest market share in Maritime Situational Awareness Systems Market.
What years does this Maritime Situational Awareness Systems Market cover, and what was the market size in 2023?
In 2023, the Maritime Situational Awareness Systems Market size was estimated at USD 2.14 billion. The report covers the Maritime Situational Awareness Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Maritime Situational Awareness Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Maritime Situational Awareness Systems Industry Report
Statistics for the 2024 Maritime Situational Awareness Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Maritime Situational Awareness Systems analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
