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Understanding how the maritime security market evolves regionally is vital for companies seeking to allocate resources and prioritise markets. Although MRFR’s publicly available summary provides less full-detail than the full report, we can draw key insights from MRFR’s forecast and other supporting commentary.
MRFR indicates that the global market will reach roughly USD 35.0 billion by 2030 with CAGR 3.64% from 2024-2032. Within that, emerging maritime regions are expected to present robust growth opportunities.
The Asia-Pacific region stands out. MRFR mentions increasing maritime trade activities and rising geopolitical tensions in zones such as the South China Sea, Malacca Strait, etc., as key growth stimuli. In practical terms, countries such as India, China, Japan, South Korea, and Southeast Asian nations are investing in port security, naval modernisation and surveillance systems. This suggests Asia-Pacific may grow faster than the global average.
North America remains a strong market in absolute size. MRFR notes…