In the recent past, a lot of attention has been drawn toward ‘maritime domain awareness’, which pertains to the effective understanding of anything associated within the global maritime operations and disruptive technologies in the domain that are having sizeable impact on the security, safety, economy or environment of a Nation. In lieu of this worldwide emphasis on this particular sector, maritime surveillance using groundbreaking technologies has also taken utmost precedence. It is proving to be extremely crucial for law enforcement, border and security authorities, and even fisheries management agencies to optimize the use of traditional surveillance methods such as patrol vessels and aircrafts which are becoming unfavorable for large-scale areas with various activities to be monitored.
In light of these developments, the maritime solutions market is expected to grow from USD 23.9 billion in 2021 to USD 33.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 6.9-percent during the forecast period. The market growth can be primarily attributed to the growing prominence of AI and ML in maritime operations. Right from evaluating massive amounts of data generated by sensors and public information systems to tracking critical assets and creating digital twins of ports, ships, and fleets for improving vessel and port management capabilities, the maritime industry is leveraging AI at every step.
On that note, this particular edition of Aerospace and Defense Review brings forth the most influential developments in the maritime solutions space that are augmenting the way defense agencies are gauging surveillance information and maritime intelligence to detect and prevent unlawful activities such as narco-trafficking, illegal immigration, maritime pollution and others. It features thought leadership articles from Conn Doherty, Vice President of Future Aircraft Systems & Technology at Raytheon Intelligence & Space, who speak about the importance of promoting open system architecture and interoperability for developing new software for seaplanes and submarines used in naval warfare.
In addition to these critical insights from industry experts, the edition presents the most promising maritime solutions from the top companies on the rise, including Rotheta International and Spurs, which deliver advanced personal locator beacon, emergency receivers, direction finder systems, and other maritime solutions that are having a transformative impact on the industry. We hope this edition will help you find the right maritime solution provider that will empower you to streamline maritime operations with complete efficiency.
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