Border and Maritime Security Market worth $23.7 Billion by 2025

Border and Maritime Security
Border and Maritime Security

The Global Maritime and Border Security Market 2015-2025 research report forecasts a 4.23% CAGR for border and maritime security market that is worth $15.6 Billion in 2015 and will hit $23.7 Billion by 2025.

Complete report on border and maritime security market spread across 132 pages, providing market analysis for 11 leading countries and 4 sub-sectors is now available at http://www.rnrmarketresearch.com/the-global-maritime-and-border-security-market-2015-2025-market-report.html .

The border and maritime security market is anticipated to be dominated by Asia Pacific, followed by the North America andEurope. China is the largest spender with a cumulative expenditure of US$39.2 billion over the next decade. In terms of segments, maritime surveillance and detection is expected to account for the largest share of 38%, followed by Border surveillance and detection which is expected to garner a share of 30%. Border infrastructure and protection will be the third largest segment followed by maritime infrastructure and protection with cumulative spending of US$49.4 billion and US$21.0 billion respectively within the border and maritime security market.

During the forecast period the demand for maritime security market and border security equipment is anticipated to be driven by internal security threats, such as terrorism, threats to sovereign integrity, illegal border infiltration, piracy, drug trafficking, and critical infrastructure security, among several others. With rising territorial disputes and cross border violence in the Asia Pacific, the region is projected to account for the largest share of border and maritime security market spending during 2015-2025. While the US and Europe remain to be key markets for maritime and border security, impending threats from Islamic extremist groups will lead to high growth in the Middle Eastern and African markets over the next decade.

The Global Maritime and Border Security Market 2015-2025 report offers a detailed analysis of the industry with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for maritime and border Security, key market trends, and challenges faced by industry participants.

In particular, this latest border and maritime security market research provides an in-depth analysis of the following:

Market size and drivers: detailed analysis during 2015-2025, including highlights of the demand drivers and border and maritime security market growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world.

Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of maritime and border security market segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants.

SWOT analysis: a study of the border and maritime security market characteristics by determining the strengths, weaknesses, opportunities, and threats.

Regional highlights: study of the key border and maritime security markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.

Major programs: details of the key programs in each segment of border and maritime security market, which are expected to be executed during 2015-2025.

Competitive landscape and strategic insights: analysis of the competitive landscape of the global border and maritime security market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis.

The Global Military Aviation MRO Market 2015-2025: The global military aviation MRO market is expected to be driven by aging fleets of military aircraft and helicopters, technological innovations, internal and external security threats, territorial disputes, and modernization initiatives undertaken by governments around the world. Cumulatively, the market is projected to value US$558.7 billion during 2015-2025 and is expected to be dominated by North America, followed by Asia Pacific andEurope. The global military aviation MRO market is expected to be worth US$42.9 billion in 2015 and is expected increase toUS$59.9 billion by 2025, representing a CAGR of 3.41% during 2015-2025. The market is anticipated to be dominated by North America, followed by the Asia Pacific and Europe. The US is the largest spender with a cumulative expenditure of US$235.9 billion over 2015-2025. In terms of segments, multi-role aircraft MRO market is expected to account for the largest share of 45.3%, followed by transport aircraft MRO market which is expected to garner a share of 28.5%. Multi-mission helicopter MRO market will be the third largest segment followed by transport helicopter MRO market with share of 14.1% and 8.9% respectively.

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