Connect with us

Technology

Maritime Surveillance Market size is set to grow by USD 1.48 billion from 2023-2027, Growing marine threats boost the market, Technavio

Published

on

NEW YORK, July 12, 2024 /PRNewswire/ — The global maritime surveillance market size is estimated to grow by USD 1.48 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  3.65%  during the forecast period. Growing marine threats is driving market growth, with a trend towards expansion of chinese naval fleet in critical regions. However, high installation cost of maritime surveillance systems  poses a challenge. Key market players include Airbus SE, BAE Systems Plc, Elbit Systems Ltd., Furuno Electric Co. Ltd., HENSOLDT AG, Honeywell International Inc., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., MIND TECHNOLOGY INC., Northrop Grumman Systems Corp., Raytheon Technologies Corp., Saab AB, Safran SA, Sonardyne International Ltd., SRT Marine Systems Plc, Teledyne Technologies Inc., Terma AS, Thales Group, and The Boeing Co..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Maritime Surveillance Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017 – 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.65%

Market growth 2023-2027

USD 1.48 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.94

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 33%

Key countries

US, China, Japan, Germany, and UK

Key companies profiled

Airbus SE, BAE Systems Plc, Elbit Systems Ltd., Furuno Electric Co. Ltd., HENSOLDT AG, Honeywell International Inc., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., MIND TECHNOLOGY INC., Northrop Grumman Systems Corp., Raytheon Technologies Corp., Saab AB, Safran SA, Sonardyne International Ltd., SRT Marine Systems Plc, Teledyne Technologies Inc., Terma AS, Thales Group, and The Boeing Co.

Market Driver

China’s commitment to expanding its naval fleet, as declared by its President in 2012 with the aim of making China a maritime superpower, has led to heightened surveillance activities in critical regions, such as the South China Sea and the Indian Ocean. This expansion has raised concerns for neighboring countries like India, resulting in increased naval presence and monitoring through mission-based deployments. The People’s Liberation Army Navy (PLAN) is now a significant focus for global maritime surveillance, with advanced technologies like satellite communication systems, underwater surveillance, and real-time onshore surveillance being employed to detect potential threats, including piracy, sabotage, and unlawful acts. This geopolitical tension, coupled with trade restrictions, raw material shortages, and labor shortages, is expected to fuel the growth of the global maritime surveillance market, with a focus on advanced technologies, such as digital communication systems, crew changes, and equipment shortages, during the forecast period. Additionally, the increasing presence of commercial fishing vessels, cruise ships, and passenger vessels in international waters necessitates the need for robust maritime surveillance systems to ensure safety and security. 

Discover 360° analysis of this market. For complete information, schedule your consultation – Book Here!

Market Challenges

Maritime surveillance plays a crucial role in ensuring the safety and security of global sea trade by mitigating various operational risks. These risks include mechanical failures, adverse weather conditions, piracy attacks, capsizing, navigational errors, and adverse sea conditions. Maritime surveillance technologies, such as radar, sonar, and live video streaming, enable effective communication between maritime authorities, major ports, and waterways. They also facilitate incident management, maritime safety standards, and detection of illegal activities. Elbit Systems Sweden offers combat management systems and underwater detection systems to enhance maritime situational awareness. However, the high costs of repairing, maintaining, and upgrading these systems may deter small ports and harbors from investing in them. Maritime terrorism, attacks on vessels, and criminal activities further necessitate advanced surveillance systems. Multi-purpose vessels (MPV), coastguard, navy, and law enforcement processes also benefit from these technologies. Additionally, sensors and tracking software aid in monitoring animal life and artificial structures.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This maritime surveillance market report extensively covers market segmentation by  

Component 1.1 Sensors1.2 Radar1.3 AIS receiver1.4 Software and othersEnd-user 2.1 Defense2.2 Customs2.3 Fisheries2.4 Intelligence2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Sensors-  Maritime safety is a paramount concern for ports and coastal regions, necessitating the deployment of advanced surveillance technologies to counteract maritime threats such as piracy, sabotage, and unlawful acts. Coast guard and sea marshal patrols employ semaphore techniques and technological proliferation, including radio communication systems and satellite communication systems, to ensure real-time onshore surveillance and underwater surveillance. Maritime transport, international trade, and commercial fishing are significantly impacted by trade restrictions, raw material shortages, ocean blank sailings, port closures, reduced working hours, equipment shortages, labor shortages, and transport capacity constraints. Digital technologies, including sensors, play a crucial role in maritime applications, providing almost lossless transmission, improved sensitivity during data capture, and continuous, real-time analysis. By integrating sensor data with structured analyses, maritime operators can make faster tactical decisions, incorporating environmental conditions into their operational plans, and ensuring the smooth flow of global trade, passengers, and cargo on ships and planes.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Maritime Surveillance Market is a critical sector ensuring maritime safety and security, particularly in the context of international trade and the protection of people and businesses at sea. Coastal surveillance technologies play a pivotal role in detecting and deterring maritime threats, including piracy, sabotage, unlawful acts, maritime terrorism, and attacks on vessels. These threats endanger lives, disrupt international trade, and undermine economic stability. Ports serve as vital economic hubs, making their security a top priority. Maritime surveillance technologies enable real-time data collection and analysis, enhancing situational awareness and enabling swift responses to potential threats. Advanced systems employ AI and machine learning to identify patterns and anomalies, reducing false alarms and improving overall efficiency. The sea remains a vast and dynamic environment, necessitating robust maritime surveillance solutions to safeguard against criminal activities and ensure the safety of all those who rely on the sea for their livelihoods and commerce.

Market Research Overview

Maritime surveillance is a critical aspect of ensuring maritime safety and security. With the increasing importance of international trade by sea, ports have become prime targets for unlawful acts such as piracy, sabotage, and maritime terrorism. Coastal surveillance technologies, including semaphore techniques, radio communication systems, and satellite communication systems, play a vital role in real-time onshore surveillance and underwater surveillance. Maritime threats pose significant challenges to maritime transport, trade flows, and commercial fishing. Coast guards, sea marshals, and other maritime authorities employ advanced technologies like radar, sonar, and AI to enhance situational awareness and detect incidents. Digitalization, including the use of AI, blockchain, IoT, and automation, is transforming maritime management, from shipping logistics to marine management software and inventory data. Effective information sharing and communication are essential to mitigating risks, managing labor and equipment shortages, and addressing transport capacity constraints. Major ports and waterways require continuous surveillance to prevent incidents, manage traffic, and ensure maritime safety standards. Maritime rescue coordination and incident management are crucial in ensuring the safety of passengers, crew changes, and seafarers’ employment contracts. Maritime surveillance systems must address obstacles like closed borders, airport security, and communication with ships and planes. The integration of digital technologies and advanced detection techniques can help reduce the time and money spent on maritime transport while minimizing the environmental impact on marine industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentSensorsRadarAIS ReceiverSoftware And OthersEnd-userDefenseCustomsFisheriesIntelligenceOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/maritime-surveillance-market-size-is-set-to-grow-by-usd-1-48-billion-from-2023-2027–growing-marine-threats-boost-the-market-technavio-302194940.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

As ADA Anniversary Approaches, University of Phoenix Survey Highlights AI’s Potential to Advance Accessibility in Work and Learning

Published

on

By

Survey conducted by The Harris Poll on behalf of University of Phoenix finds among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.

PHOENIX, July 24, 2026 /PRNewswire/ — As artificial intelligence becomes part of how people work, learn and solve problems, a new University of Phoenix survey conducted by The Harris Poll finds that recent working learners see meaningful opportunities for AI to support accessibility. The survey was designed to understand the impact of AI in the workplace and learning environments on accessibility, defined as ensuring digital content, tools and resources, including AI tools and output, are usable by people with different abilities through inclusive design, use of assistive technology or conformance with accessibility standards, such as the Web Content Accessibility Guidelines (WCAG). The findings are being released ahead of the 36th anniversary of the Americans with Disabilities Act (ADA) on July 26.

The survey, conducted among 1,019 U.S. employed adults who completed a professionally presented training or school course in the past 12 months (“recent working learners”), found that, among workers already using AI in the workplace, 3 in 5 (60%) say AI has improved their knowledge of and ability to use accessibility standards and guidelines, including nearly 1 in 5 (19%) who report significant improvement. 

While the findings point to optimism about AI’s accessibility potential, they also reveal an opportunity for clearer organizational guidance: 45% of respondents say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.

“The reality is that accessibility benefits everyone,” shares Kelly Hermann, Vice President of Accessibility and Student Affairs at University of Phoenix. “If accessibility is built in from the beginning, organizations are more likely to create AI-enabled environments that are universally usable. Clearer content, better summaries, accurate captions, and multiple formats can help workers and learners with disabilities, but they also help busy adults, multilingual learners, mobile users, and anyone trying to absorb information quickly.”

Key findings from the survey include:

Workers see AI’s accessibility potential: 89% of recent working learners identify workflows that could benefit from AI and accessibility tools, especially creating accessible documents, presentations, websites or learning materials (38%), presenting information in different formats such as plain language, audio, summaries or translations (33%), and training employees or learners on accessibility practices (30%).AI may help build accessibility awareness: Among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.Accessibility is not always clear in workplace AI policies: 45% of recent working learners say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.AI tools may not yet fully support different access needs: Among those who use workplace AI tools, only about a quarter of survey respondents (27%) say AI tools available through their workplace or professional learning environment support people with disabilities very well.Human oversight remains important: 36% of recent working learners say human review for important decisions or high-impact work should be part of responsible AI use at work or school.Workers also recognize how AI and accessibility can have an impact on their own career journey: 90% of recent working learners identify AI and accessibility skills that would be valuable in their current or desired career field, including 45% who see value in understanding when AI-generated content needs human review.

Why accessibility is essential to responsible AI adoption

As AI tools are used to draft documents, summarize information, generate captions and transcripts, create image descriptions, support learning and assist with workplace tasks, accessibility becomes central to responsible use. Poorly implemented AI can also create or amplify barriers, including inaccessible content, inaccurate summaries, biased outputs and tools that do not work effectively with assistive technologies.

“Responsible AI is not only about productivity,” Hermann said. “It is about whether the technology works for the people who need to use it. AI can help create more accessible materials and more flexible ways to engage with information, but it still requires clear policies, practical training and human judgment to make sure the outputs are accurate, applicable and usable.”

What the findings mean for employers and educators

The survey suggests that organizations have an opportunity to align AI adoption with supportive design, accessibility practices and workforce training. Employers and educators can take immediate steps by:

Naming accessibility directly in AI policies and guidance.Choosing AI tools with accessibility and assistive technology compatibility in mind.Training workers and learners to create, check and improve accessible AI-generated content.Making support pathways clear for people who experience barriers using AI tools.Keeping human review in place for important decisions, high-impact work and accessibility-sensitive outputs.

The survey also found workers want practical AI training. The most helpful resources identified by recent working learners include real-world examples from their field or industry (36%), hands-on practice using realistic workplace scenarios (34%) and step-by-step demonstrations of common tasks (33%).

Accessibility insights from University of Phoenix

Hermann shared the survey findings ahead of the ADA anniversary in recent media interviews. Hermann oversees the University’s accessibility initiative, including evaluation and remediation of curricular resources, the Center for Access, Resources, Engagement and Support Services (CARES), and the Office of Collaborative Learning and Educational Engagement. Her work focuses on fostering accessible and welcoming educational environments for students, faculty and staff.

Hermann’s office at University of Phoenix also convenes accessibility conversations through initiatives such as Access Amplified™, a free, annual virtual event focused on advancing digital accessibility in web development. The event brings together engineers, developers, designers, content authors and digital strategists for practical strategies and human-centered conversations that address the gap between coding practices and how users with assistive technology experience the web.

About the survey

The survey was conducted online within the United States by The Harris Poll on behalf of University of Phoenix from June 22–29, 2026, among 1,019 employed adults ages 18 and older who have taken a professionally presented training or a school course in the past 12 months, referred to as “recent working learners.” Data were weighted where necessary by age, gender, race/ethnicity, region, education, employment, marital status, household size, household income and smoking status to bring them in line with their actual proportions in the population.

Respondents for this survey were selected from among those who have agreed to participate in surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 3.8 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest.

Review the complete survey at phoenix.edu/aiaccessibility.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/as-ada-anniversary-approaches-university-of-phoenix-survey-highlights-ais-potential-to-advance-accessibility-in-work-and-learning-302834448.html

SOURCE University of Phoenix

Continue Reading

Technology

Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

Published

on

By

PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/mastech-digital-to-announce-second-quarter-2026-financial-results-participate-in-upcoming-investor-conference-302834421.html

SOURCE Mastech Digital, Inc.

Continue Reading

Technology

SOLAI Limited Announces Extraordinary General Meeting

Published

on

By

AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

View original content:https://www.prnewswire.com/news-releases/solai-limited-announces-extraordinary-general-meeting-302834034.html

SOURCE SOLAI Limited

Continue Reading

Trending