MarketResearchNest.com adds “Global Maritime Anti-Piracy Systems Market 2017-2021” new report to its research database. The report spread across 70 pages with table and figures in it.
Research analysts forecast the global maritime anti-piracy systems market to grow at a CAGR of 1.91% during the period 2017-2021.
About Maritime Anti-Piracy Systems
Maritime borders and territorial waters surrounding nations are of prime importance for national security, and every country with a coastline invests considerably in fortifying their security mechanisms. Maritime security involves protection from various threats such as smuggling, drug trafficking, piracy, human trafficking, and maritime terrorism. The increase in terrorism through sea routes and the vulnerability of attacks from various pirate gangs have necessitated the implementation of high-end security measures.
Covered in this report
The report covers the present scenario and the growth prospects of the global maritime anti-piracy systems market for 2017-2021. To calculate the market size, the report considers new procurements and developments of the systems.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-maritime-anti-piracy-systems-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Maritime Anti-Piracy Systems Market 2017-2021, 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. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Maritime Anti-Piracy Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global maritime anti-piracy systems market: A.ST.I.M, CONTROP Precision Technologies, LRAD, and SAFRAN Group.
Other Prominent Vendors in the market are: BAE Systems, Guardian Maritime, Monitor Systems, SentientVision, and ST Electronics.
Commenting on the report, an analyst from Research team said: “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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According to the report, one driver in the market is need to strengthen maritime security. Acts of piracy have been existent for a long time, and sea routes used for trade have been the most vulnerable ones. With the expansion of the global economy, the significance of water routes as a means of transport and trade also increased manifold. This, however, led to increased risks in terms of piracy and related crimes. Pirates, in addition to attacking ships for the abduction of tankers, container ships, and bulk carriers for their economic value, also kidnap onboard crew and passengers to demand ransom.
Further, the report states that one challenge in the market is challenges associated with carrying firearms on ships. Carrying firearms on ships can pose legal complications. For instance, civilians are generally denied from carrying firearms for self-defense or for any other purpose. There are numerous laws that govern the validity of carrying firearms on naval vessels. Firstly, the maritime law or the United Nations Convention on the Law of the Sea governs the rights and the responsibilities of nations regarding navigating the sea. Additionally, there are specific laws applicable from international, national, and state perspectives.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain