Piracy fuels growth for maritime security industry

Maritime security is critical in the protection of a nation’s security. It is important to defend against increasing maritime threats such as terrorist threats, environmental destruction, illegal seaborne immigration, and transnational criminal and piracy threats, according to new market research form R & M. In a new report researchers have analyzed global adoption trends, future growth potential, key drivers, restraints, opportunities, and best practices in this market. North America (NA) is expected to have the largest market share in the year 2013, which is succeeded by Europe. In 2013, the highest market share is accounted by surveillance and tracking technologies such as underwater surveillance, video surveillance, Automatic Identification System (AIS), Long-Range Identification and Tracking (LRIT), radar, optronics, and thermal imaging. Furthermore, in 2018, it is expected that the market share of smart container technology will have a higher market share in the coming 5 years, according to analysts. The crime against ships is one of the biggest concerns for maritime security professionals and sailors operating in high-risk areas. Pirates and terrorists use advanced technology which can cause serious damage to the ship’s as well as nation’s security. The solutions and services are evolving significantly to help safeguard the maritime transport system and offshore facilities from terrorism and unlawful interference. Maritime security provides advanced technology which is used for detection of hazards and also communication technologies to notify officials and services to combat the potential threats. The shocking rise in the number of piracy incidents which is inclusive of hijacking is fueling a burgeoning maritime security industry, say researchers.