AUTOMOTIVE SAFETY SYSTEM MARKET | INDUSTRY OUTLOOK AND FUTURE FORECAST REPORT TILL 2020

Safety is on of the major concern for the driver and the passenger while travelling. Automotive safety system is the practice of designing and constructing the vehicle with required safety equipment. These equipments save passengers and drivers from getting injured from sudden jerk and accidents. Main purpose of automotive safety system is to cushion driver during vehicle crash and protect the body when the body strike the interior objects of the vehicle such as the steering, wheel or window. Modern vehicle are designed with multiple automotive safety equipments situated in different side and frontal location of the person driving the vehicle. While the vehicle is running, passengers and drivers do travel with same speed. When the vehicle suddenly stops, people seating are still in the same velocity and can get injuries while the vehicle crashes.

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On the bases of performance global automotive safety system market can be bifurcated into automotive airbag (frontal airbag, side airbag, knee airbag, rear curtain airbag and centre airbag), automotive seat belt (two point belts, lap belts, sash belts, three point belts, five point belts, belt in seat and six point belts) and others. During vehicle collusion 75% of drivers are ejected from the vehicle, seat belts prevents the driver from getting ejected while sudden collusion, protecting the driven from injuries or death.

North America has the largest market share for automotive safety system, followed by Europe and Asia-Pacific. The U.S and Japan are the largest market for automotive safety system globally. Asia-Pacific region is expected to witness highest growth in the forecasted period owing to increasing domestic demand for vehicle with added safety equipments within the vehicle. Emerging markets of China and India are expected to boost the Asian automotive safety system market.

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Increasing number of deaths in road accident is accelerating demand for safety measures, increasing the global automotive safety system market. According to Alabama’s Department of Public Safety in 2013, there were 367 traffic deaths, among which 178 deaths happened to those who were not wearing seat belts while driving. Additionally, safety regulations implied by the government agencies and increasing life expectancy is also driving the global automotive safety system market. Rising disposable income level have influence the individuals to invest more on safety features within the vehicle, further increasing the demand for automotive safety system.

Also, increasing customer awareness about technological changes related to safety equipments within the vehicle may act as market drive in coming future.

Customer’s willingness to spend more on safety equipments within the vehicle is prompting multinational companies to invest more in this market. Some of the major companies operating in the global automotive safety system market are Delphi Automotive plc, TRW Automotive Holdings Corp., Key Safety Systems Inc., Tokai Rika Co. Ltd., Toyoda, Denso Corp., Takata Corp. and Autoliv Inc.

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AUTOMOTIVE MAGNESIUM ALLOY MARKET: GLOBAL INDUSTRY ANALYSIS AND FORECAST TO 2020

Automotive Magnesium Alloy is light metal alloys use extensively in automobiles original equipment manufacturing (OEM).  Magnesium alloys offers higher strength, high thermal stability, rigidity, higher specific strength, ductility and it is light in weight compare to aluminium and steel.

Automotive magnesium alloy are used in various vehicle’s interior parts, body parts, and chassis such as in crank shaft, oil pumps, mounts, brackets, housings, cylinder crankcase, and radiator support or carrier magnesium alloys also improves the aero dynamic performance of the vehicle by reducing overall weight on the front of vehicles.

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On the basis of various applications, the global magnesium alloy market is categorize in four different segment namely,

• Chassis: brake bracket and bracket assembly, clutch pedal bracket, air bag housing, engine cradle or sub frame.
• Interior: seat base, console bracket, instrument panel, reinforcement, console support bracket, (anti breaking system) ABS Housing, steering wheel armature, lock housing, and actuator housing and retainer
• Exterior: sun roof cover, outside mirror armature, roof and frame, and wheel frame
• Powertrain: alternator bracket, valve cover, cam cover, and transfer case

In past few years there has been a trend towards reducing the weight of the vehicles to enhance vehicle performance such as reduces acceleration or deceleration time. Magnesium alloys also reduce front weight of the vehicle which helps in better design specification such as centre of gravity and aero dynamics of the vehicle. Automobiles parts made of magnesium alloys offers reduce noise, reduce vibration and better scratch resistance properties compare to aluminium and steel.

Inconsistent properties of magnesium alloys in High Pressure Die Cast (HPDC) parts, poor corrosion resistance properties of magnesium and the consumer perception that magnesium is a flammable is acting as the major challenge for the industries.

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Asia Pacific is the largest market of the magnesium alloys followed by Europe and North America China and Japan are the some of the leading market in the Asia Pacific. Germany and Italy are the largest automotive magnesium alloys market in Europe. The U.S. accounts for the largest market share in North America. Asia Pacific is the fasted growing market of automotive magnesium alloys attributed to the increasing annual vehicle production and increasing demand of luxury vehicle from class A consumers in this region.

Some of the leading companies operating in global automotive magnesium alloy market include, Beijing Guangling Jinghua Science & Technology Co., Ltd. (“Gonleer”), Nanjing Yunhai Special Metals Co., Ltd., Meridian, STOLFIG,  TAKATA, and Autoliv.

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AUTOMOTIVE LIGHTING MARKET : WORLDWIDE INDUSTRY ANALYSIS OF DEVELOPMENT, REVENUE AND GROSS MARGIN BY 2020

Automotive lighting is the used for illumination purpose in automobile vehicles. The lighting system of automobile vehicle consists of various lighting and signaling devices, which is integrated with various parts of a motor vehicle. Automobile lighting is used in the front, back, sides and top portion of the vehicle. Automotive lighting indicates vehicle’s presence, size, position, direction of travel, and the driver’s intentions regarding direction and speed of travel. Various components of automotive lighting includes auxiliary lights, headlights, taillights, sidelights, interior light, compact lights, off road lights, fog lights, dome light, key light, instrument displays light and other light accessories. These lights are used for many purposes in vehicles such as to drive the vehicle safely in dark, enhance the visibility and act as the warning signals.

Automobile manufacturers have significantly minimized the energy consumption by using LED and adaptive lighting technologies. There are mainly three types of technologies used in automotive lighting such as xenon, halogen and LED. Among these, halogen is most widely used automotive lighting.

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Some factors that drive the automotive lighting market are growing concern of road safety, increasing use of higher efficiency of LED automotive lighting technology and lighting legislations by governments. Increase in purchasing power of individual helps to increase the demand for sophisticated and advance technologies such as advance front lighting system (AFS) and daylight running lights (DRLs). Growing total number of vehicle in the BRIC nations further creates large opportunity for the growth of automotive lighting market in the coming years.

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Asia Pacific is the largest automotive lighting market across the world. India, China, Japan and South Korea are some of the prominent countries, which accounts majority of the vehicle production thus offering growth opportunity for automotive lighting market. Asia Pacific is followed by Europe and North America. High vehicle production volume, growing economy, rising population and changing consumer lifestyles are some of the reason which drive the automotive lighting market.

Some of the major companies operating in global automotive lighting market are includes, General Electric (GE), Hella Kgaa Hueck & Co., Hyundai Mobis, Ichikoh Industries Ltd, Koito Manufacturing Co., Ltd., Magneti Marelli S.P.A, Osram GMBH, Royal Philips Electronics, Stanley Electric Co. Ltd, Valeo S.A and Zizala Lichtsysteme GMBH (ZKW).

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AUTOMOTIVE DOOR MODULE MARKET : REVIEW, RESEARCH, STATISTICS AND GROWTH TO 2020

An automotive door module is an arrangement of a rubber-sealed carrier, onto which an array of automotive door components such as the window sliding mechanism, the wing mirror arrangement, loud speaker, wiring harness, door latch inner and outer release cable, door locks and various switches are fitted.

The various component of automotive door module include latches, lift gate switches, power lift gates, variable boot openings, composite panels, and plastic panels.

Based on the various design module of the automotive door, the global automotive door can be classified as door trim modules, structural door, door platform module and two-sided door module.

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The automotive door module controls various functionalities such as latching or locking function, wing mirror movements, on mirror fitted indicator light, defroster and door indicator lamps. The automotive door module technology is advancing particularly by the increase use of automotive sensors for passenger convenience and safety. One such example is introduction of advanced trapping detection for the automotive window system. It reduces the risk of injury to the passengers by stopping the movement of the window when a body part such as finger, or hand or an arm is introduced into the window during window climbing.

The global automotive production is going through a surge particularly led by the emerging economies of Asia Pacific. The increase demand of automobiles is in turn driving the automotive door module market. Moreover the advancing automotive sensor technology and increasing application of mechatronics system in vehicle automation is expected to drive the door module market in forecasted period. The increasing prices of raw materials such as natural fiber, steel, and plastic coupled with lack of aftermarket for automotive door module is acting as one of the major challenge for the industry.

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Asia Pacific is the largest market of automotive door module attributed mainly to the large scale production of passenger vehicle in China and India. It is then followed by Europe and North America. Asia Pacific and rest of the world (RoW) are fastest growing market for automotive door module and with rising demand of goods carriers and passenger car in these regions.

Some of the major companies operating in global automotive door module market include, Aisin Seiki Co., Ltd., Brose Fahrzeugteile GmbH & Co. KGDura, Automotive Systems, LLC, Faurecia SA, Grupo Antolin Irausa, S.A., Inteva Products, LLC, Kuester, and Magna International Inc.

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ANTI LOCK BRAKING ELECTRONIC STABILITY CONTROL SYSTEM MARKET : BUSINESS DEVELOPMENT BY VARIOUS TREND ANALYSIS BY 2020

Anti lock braking system and electronic stability control system is an automobile security system that allows the wheels on a motor vehicle to maintain strong contact with the road surface. These system works according to driver inputs during braking, avoiding uncontrolled skidding and preventing the wheels from locking up. Anti lock braking and electronic stability control system uses the principles of cadence braking and threshold braking. Major anti lock braking component are valves, speed sensors, pump, and controller.

Anti lock braking system and electronic stability control system improve the vehicle control, decreases stopping distances on dry and slippery surfaces and prevent the vehicles from accident in emergency condition. However, in case of loose surfaces such as gravel and snow-covered pavement, theses system may increase the stopping distance.

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Highway safety act in the U.S instructed the National Highway Traffic Safety Administration (NHISA) to consider requiring anti lock braking and electronic stability control system in passenger vehicles such as cars, pickup trucks, sport utility vehicles and vans. Many programs including, New Car Assessment Program (NCAP) awarding safety ratings to cars based on their safety performance. Growing technological advancement, stringent safety norms and increasing safety awareness are some key reason, which drives the anti lock braking system and electronic stability control system market.

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In developed countries of North America, including the U.S and Mexico, high growth rate of automobile industry helps to grow anti lock braking system and electronic stability control system  market. Asia Pacific is considers to the fastest growing market. Increasing demand of luxury cars in the Europe and Asia Pacific countries, mainly in China, India and Japan creates high demand of anti lock braking system and electronic stability control system. Growth of these systems in the market also depends on the various government legislations in vehicles safety at national and international level.

Some of the major companies operating in global anti lock breaking system and electronic stability control systems are ADVICS, APG, Robert Bosch GmbH, BWI Group, Beijing Automotive Research Institute, Continental AG, DETC, Haldex, Hitachi Automotive, Ltd., Jiaozuo Brake, Junen, Kemi, Knorr, MANDO, NISSIN, Delphi Automotive Plc, Sivco, TRW, WABCO, Zhejiang VIE, Zhejiang Wangxiang and Zhengchang Electronic.

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Automotive Refinish Coating Market is projected to have a value of just under US$ 12 billion at the end of 2022

The automotive refinish coating market is directly linked to the automotive market and has seen substantial growth in the last decade. This is primarily due to rapid growth in vehicle ownership in emerging economies with a resultant increase in the accident rate. Greater governmental regulations with respect to high volatile organic compounds may further impact the growth of automotive refinish coating market that is currently projected to record a robust CAGR of 5.7% from 2017 to 2022.

• Polyurethane has the maximum potential in automotive refinish coating market and is anticipated to gain share at the expense of other resin type segments in 2017. The polyurethane segment is predicted to be worth just under US$ 4.7 billion at the end of 2022. North America is the largest region in the polyurethane segment of automotive refinish coating market. Alkyd is the second largest in terms of resin type segments but is poised to lose market share in the medium term. Along with North America, the Europe alkyd segment of automotive refinish coating market is predicted to cross a billion dollars at the end of the forecast period – the only other region to do so

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• Heavy commercial and light commercial vehicles have a relatively similar market share in automotive refinish coating market by vehicle type. While both are estimated to lose market share points, the drop should be considerably steeper in the heavy commercial segment. The heavy commercial segment is assessed to grow with a lower CAGR of roughly 5% till 2022 and key stakeholders in automotive refinish coating market are advised to take this into account while devising their strategies
• There is a battle for supremacy between compact and mid-sized passenger cars in the automotive refinish coating market with the latter inching ahead. An absolute dollar opportunity of more than US$ 855 million exists in the mid-sized passenger car segment of automotive refinish coating market for the five-year period. Mid-sized passenger cars are typically preferred in North America and Europe because these regions are well-developed and the customers there are less price-sensitive than their counterparts in emerging economies.

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• If a company seeks to enter the high-volume compact passenger car segment though, they would do well to consider targeting APEJ as the continent should have the highest CAGR
• The primer segment has a revenue share of roughly a third of automotive refinish coating market by coating structure and is assessed to gain substantial share throughout the study period. The North America primer market contributes a third of the primer market and is expected to have a value of over US$ 1.3 billion in the year 2022Company Profiles
  • BASF SE
  • AkzoNobel N.V.
  • Axalta Coating Systems Ltd
  • PPG Industries Inc.
  • The Sherwin-Williams Company
  • DowDuPont Inc.
  • Kansai Paint Co., Ltd.
  • Nippon Paint Holdings Co Ltd
  • 3M Company
  • KCC Corporation

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Automotive Paint Market is projected to reach a valuation of US$ 11,966.1 Mn by 2022.

The global automotive paint market is expected to sour at 5.7% CAGR during the assessment period (2017-2022). The arrival of enhanced paints and coating varieties is supporting the global sales of automotive paint. Apart for improving the external appearance of a vehicle, automotive paints also help in the increasing the durability of the materials they are applied on. Clearcoat, basecoat and primer paint are some of the common coating layers. Carmakers are utilizing automotive paint to increase the resistance of aluminium and metal component of the vehicle. Automotive paint offer resistance against UV radiation, heat, dust particles and acid rain. In addition, manufacturers are actively focusing of developing more advanced and efficient painting and coating technology. Factors as such are expected to drive the growth of the global market for automotive paint in the forthcoming years.

Greater expansion of the global auto industry in countries such as China, Brazil and India coupled with growing production of cars is an additional factor that remains important in shaping the market dynamics going forward. Also, car manufacturers are increasingly adopting leading coating technologies such as thermal spray and powder coating owing to their high functionality and efficiency. In recent years, the focus has shifted towards introduction of greener paint and coating products as many of the international environmental organisations have been critical of automotive coatings and paints that emit harmful gas. Moreover, international bodies are promoting the use of product and setting guidelines on use of chemical coatings and paints in auto industry. Therefore, companies that manufacture automotive paints are trying to develop and formulate products that are non-toxic and environmentally viable.

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Key Forecast Highlights on Global Market for Automotive Paint Include:

• North America is expected to remain the largest market for automotive paint during the forecast period. This is primarily owing to presence of leading market players and automotive manufacturers. The region’s market is anticipated to surge at a healthy pace over the next couple of years.
• On the basis of coating type, demand for electrocoat will remain significantly high throughout the projection period.
• More than US$ 3,860 Mn worth electrocoat is estimated to be used by the end of 2022.

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• Currently, global sales of electrocoat account for around 30% revenue share of the global market.
• Based on vehicle type, used of automotive paint will be relatively higher in compact passenger cars during the forecast period. This is mainly due to increase global demand for such cars.
• Nearly US$ 2,600 Mn worth automotive paint is expected to be used in compact passenger cars by 2017-end.
• On the basis of finishing, preference for metallic paint finishing will be significantly high over 2022.
• In terms of revenue, global sales of metallic automotive paint currently represent close to one-third share of the global market.
• By paint base, waterborne paint base will continue to outsell solvent-borne variant during the assessment period.
• Global sales of waterborne paint base currently account for more than 50% market share in terms of revenue. By 2022-end, over US$ 5,800 Mn worth waterborne paint base is estimated to sold globally.

Competition Tracking

Company Profiles

• Sherwin-Williams Company
• Akzo Nobel N.V.
• Valspar Corporation
• BASF SE
• PPG Industries
• NIPPON PAINT
• Kansai Paint Co., Ltd.
• Axalta Coating Systems Ltd
• DuPont Coatings & Color Technologies Group
• Clariant AG

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Automotive Bumpers Market is predicted to push past a value of US$ 9 billion at the end of 2022

Automotive bumpers are imperative in absorbing the impact in the event of a collision, thereby minimizing repair costs and saving the lives of occupants or pedestrians. The automotive bumper market is driven by the rapidly evolving automotive industry, increasing traffic jams leading to numerous accidents, and greater urbanization and industrialization fueling the need for personal mobility. In addition to this, technological advancements in bumper materials coupled with automation and the integration of manufacturer value chains’ is benefiting the automotive bumper market that is estimated to witness a robust CAGR of 5.9% from 2017 to 2022.

• The OEM segment holds the lion’s share in the sales channel segment of the automotive bumper market and this is unlikely to change soon. An absolute dollar opportunity of over US$ 2 billion should be created in the OEM segment for the five-year forecast period and companies must take this into account while plotting their distribution strategies.

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• Nonetheless, it is not advisable to ignore the aftermarket channel entirely as it accounts for the balance revenue share in the automotive bumper market. The aftermarket bumper segment has maximum scope in APEJ as customers in these countries are often image-conscious and like to customize their vehicles in a way that suits their personal tastes and preferences
• There is minimal opportunity in the heavy commercial vehicle segment and key stakeholders in the automotive bumper market may want to implement specific strategies to tap into it. The heavy commercial vehicle segment is predicted to have a value of less than half a billion dollars at the end of 2022, considerably smaller than other vehicle types in the automotive bumper market. The commercial vehicle segment is nearly thrice the size of the heavy commercial segment. Along with APEJ, companies could look closely at the Europe commercial vehicle segment

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• Compact and mid-sized passenger cars should continue to remain popular in the automotive bumper market for the foreseeable future. Between the two, the compact car segment is slightly larger because customers in the APEJ region typically chose compact cars over other vehicle segments
• Regular/ Standard bumpers are a preferred choice in the automotive bumper market and had a revenue share approaching half of the product type segment in 2017. The regular / standard bumper segment is on track to grow with a CAGR greater than 6% from 2017 to 2022 ensuring that it remains high on the radar of major companies actively involved in the automotive bumper market. Deep drop bumpers are substantially smaller in comparison and are estimated to hold steady throughout the duration of the forecast period. Europe and North America are projected to record a similar CAGR for the study period with the latter edging slightly ahead during this timeCompany Profiles
  • Plastic Omnium SA
  • Magna International, Inc.
  • Futaba Industrial Co., Ltd.
  • Toyoda Gosei Co., Ltd
  • Hyundai Mobis Co., Ltd:
  • Flex-N-Gate Corporation
  • SMP Deutschland GmbH
  • Faurecia SA
  • Toyota Boshoku Corporation

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Automotive Occupant Sensing System Market is projected to be worth more than US$ 2 billion by the end of 2022

Increasing personal mobility across the world has unfortunately led to rising cases of accidents and road traffic fatalities, especially in emerging economies where safety standards are less stringent than in developed countries. It isn’t surprising that customers have begun to demand seatbelts and airbags in their vehicles as a built-in accessory and not an optional extra. Automotive occupant sensing systems are critical in sensing the presence of a driver or passenger seated inside a vehicle and are required to control the airbag activator systems. The automotive occupant sensing systems control, disable or enable the inflation of the airbag in the case of an accident. Adequate information enables the airbag activator control system to function seamlessly and save millions of lives annually. The automotive occupant sensing systems market is on track to grow with a CAGR of 6.9% from 2017 to 2022.

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• The passenger side segment has a revenue share of roughly a third of the mounting location segment of automotive occupant sensing systems market in 2017 and is expected to gain substantial share during the study period. The passenger side segment is likely to be worth more than US$ 725 million by the end of the year 2022. Nonetheless, the driver side segment is where the bulk of the action lies as it accounts for approx. half the revenue share in automotive occupant sensing systems market. The driver side segment has great scope in Latin America as the region is estimated to record the highest CAGR for the five-year study period
• The OEM sales channel dwarfs the aftermarket channel in automotive occupant sensing systems market. Automotive occupant sensing systems are typically fitted by the OEM’s themselves and are hardly ever fitted by aftermarket channels. The OEM channel is particularly prominent in North America and the North America OEM channel market should near US$ 600 million by end 2022.

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• The aftermarket channel is much smaller in comparison and represents marginal revenue share in automotive occupant sensing systems market. Companies specializing in the aftermarket sales channel would be advised to devise customized strategies to reach customers and be successful in automotive occupant sensing systems market
• A similar potential exists in the light and heavy commercial vehicles segment as both have roughly equivalent revenue share in automotive occupant sensing systems market. Heavy commercial vehicles inch past their light counterparts though and companies are recommended to take this into account while devising their strategies. The North America heavy commercial segment could well touch US$ 80 million at the end of the forecast period as the region has minimal rail infrastructure and most transportation is on their well-developed highways

Company Profiles

• Takata Corporation
• Autoliv Inc.
• Robert Bosch
• Continental AG
• Delphi Automotive PLC
• Hyundai Mobis Co., Ltd.
• Key Safety Systems Inc.
• Lear Corporation
• ZF Friedrichshafen AG

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  • A neutral perspective towards market performance

Automotive Brake System Market is anticipated to be worth more than US$ 25 billion by the end of 2022

The automotive brake system market is projected to witness a significant growth during the time of given forecast period due the automotive industry is predicted to have a very bright future in the coming years in both emerging and developed economies. Increasing concerns about the safety have enforced governments all across to lay to strict guidelines associated with safety vehicular norms is also expected to drive the growth of the market. Ever growing population coupled with changing standards of living in the middle class with an increasing spending power have made it comparatively easy to own personal vehicles in the developing countries. A higher requirement for passenger cars is naturally advantageous for the global automotive brake system market. In addition to this, the concerns over the safety of customers, the governments all across the globe have imposed strict regulations related to the safety of the vehicle and mandates to enhance the overall efficiency and safety of the vehicles. Moreover, new advancements in technology such as ABS and regenerative braking are also expected to fuel the all-round development of the global automotive brake system market.

The overall growth of the global automotive brake system is expected to be achieved with the help of an impressive CAGR of 5.7% over the course of the given forecast period of 2017 to 2022. The overall valuation of the global automotive brake system market is expected to reach a figure worth US$25 bn by the end of the given forecast period.

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In terms of types of brakes the global market for automotive can be segmented into drum brakes and disc brakes. The segment of disc brakes has relatively larger share in the global automotive brake system market in the years 2017 and is estimated to reach an overall valuation of US$14 billion over the course of the given forecast period of 2017 to 2022. Nonetheless, the growth rate for the segment of drum brakes is expected to be on the rise in the coming years. The key shareholders of the global market for automotive brake system are advised to consider this possibility while devising strategies for long term. Europe accounts for the biggest contribution from a regional standpoint in the segment of drum brakes and the players in the market are advised to concentrate their efforts on this continent with lucrative opportunities for a good return on their investments.

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The segment of OEM has a revenue share of nearly fourth-fifth in terms of sales channel in the global market for automotive brake systems and is well placed to leverage the market conditions in the coming years of the forecast period. Thus, it is vital segment that the players in the global market cannot afford to avoid. The OEM segment is projected to experience an impressive CAGR of 5.5% over the course of the given forecast period of 2017 to 2022. The aftermarket sector is comparatively much smaller and consists the share of balance revenue in the global automotive brake systems market by the segment of sales channel. Along with the market in Europe, the key players in the global market should try to focus on Asia Pacific except Japan or North America, as both the regions are evaluated to have overall market valuations worth billions of dollars by the end of the given forecast period.

Company Profiles

• Robert Bosch GmbH
• Continental AG
• ZF Friedrichshafen AG
• Wabco Holdings, Inc.
• Knorr-Bremse AG
• Aisin Seiki Co, Ltd.
• TRW Automotive Holdings Corp.
• Akebono Brake Industry Co. Ltd.
• Brembo S.P.A.

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Maritime Security Market , Trend, CAGR Status, Growth, Analysis and Forecast to 2020

Security is one of the major concerns for the national and state governments globally. Maritime security is one of the majorly used security system involved in the prevention from intentional damage through sabotage, subversion or terrorism. Maritime security system is essential for the protection of nation’s security. Recently, is has become much important for every country to defend against increasing maritime threats such as terrorist threats, environmental destruction, illegal seaborne immigration and transnational criminal and piracy threats. Crime against ship is one of the biggest concerns for the maritime security professional operating the system.

Global maritime security market can be bifurcated into port and critical infrastructure security, vessel security, and coastal surveillance. Some of the technologies used in the maritime security are surveillance and tracking, weather monitoring, access control, screening and scanning, geographic information system (GIS) and supervisory control and data acquisition (SCADA). Surveillance and tracking technology (underwater surveillance, video surveillance, automatic identification system (AIS)) has the largest market share for maritime security system.

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In 2013, North America has the largest market share for maritime security system, followed by Europe and Asia-Pacific. However, Asia Pacific region is expected to become the largest market for maritime security system by 2020. Asia Pacific market is expected to witness highest growth rate in coming future. Emerging markets of Asia Pacific such as China and India are expected to boost the Asian maritime security market.

Increasing global sea trade is driving the global maritime security market. Additionally, increasing number of terrorist threats, rising awareness regarding the need for better security system, regulations in favor of necessitating security standards is expected to drive the maritime security market especially in the coastal region. Pirates and terrorists use innovative technology which can cause serious damage to the ships, as well as a nation’s security. Technological advancement and development of integrated security solutions is expected to provide growth opportunity for the global players to establish themselves in the emerging markets of Asian region.

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Global maritime security market is dominated by multinational companies. However, there are some small manufacturers of gas masks operation in the market, but at regional level. Some of the major companies operating at the global maritime security market are SAAB Group, Thales Group, Sonardyne International Ltd., Bae Systems Inc., Elbit Systems Ltd., Northrop Grumman Corporation, Telecommunication Systems, Inc., Westminster Group, Honeywell International Inc. and Harris Corporation.

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Report Highlights:

• Shifting Industry dynamics
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• Key Competition landscape
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• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance