Market Share of Maritime Security Industry
The maritime security market is semi-consolidated, with key players supporting market growth with various products like command and control systems, surveillance and scanning systems, and communication systems. Some prominent players are Thales, BAE Systems PLC, Westminster Group PLC, Smiths Group PLC, and OSI Systems Inc. Companies are investing highly in developing new and advanced detection and monitoring systems that will improve the overall security at maritime borders. For instance, in September 2023, Eurocontrolli secured four contracts from Saudi Aramco, supplying telecom and security systems, including CCTV, to fortify the security of key oilfields like Qatif, Marjan, Abu Safah, and Safaniya. Such strategies by companies would help market players increase their sales and profits and expand their businesses to new geographical locations.
Maritime Security Market Leaders
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BAE Systems plc
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OSI Systems, Inc.
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Westminster Group plc
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THALES
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Smiths Group plc
*Disclaimer: Major Players sorted in no particular order
