Charts & Stats

Global Maritime Security market [2016-2024] by South America

By South America, the market is segmented into South America, Brazil, and Rest of South America (2016-2024)

Author: Wantstats Research TeamSource: Wantstats Repository
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Global Maritime Security market [2016-2024] by South America — full underlying data
LabelSouth AmericaBrazilRest of South America
2016498.5 USD Mn315.5 USD Mn183 USD Mn
2017532.2 USD Mn335.6 USD Mn196.6 USD Mn
2018567.4 USD Mn356.5 USD Mn210.9 USD Mn
2019604.1 USD Mn378.2 USD Mn226 USD Mn
2020642.5 USD Mn400.7 USD Mn241.8 USD Mn
2021682.3 USD Mn424 USD Mn258.3 USD Mn
2022723.7 USD Mn448.1 USD Mn275.6 USD Mn
2023766.5 USD Mn472.8 USD Mn293.7 USD Mn
2024810.7 USD Mn498.2 USD Mn312.4 USD Mn

Data Source: Wantstats Repository

Wantstats

Market Dynamics

Brazil accounted for the larger market share in 2017 in the South America maritime security market, and is expected to reach USD 498.20 Million in 2024 from USD 335.60 Million in 2017. However, Rest of South America is the fastest growing market, which is expected to grow at a CAGR of 6.77% during the forecast period 2018 - 2024. deep water security segment accounted for the larger market share in 2017, this market is expected to reach USD 498.90 Million in 2024 from USD 340.30 Million in 2017. This market is projected to grow at a CAGR of 5.55% during the forecast period from 2018 - 2024. However, perimeter security segment is the fastest growing market, which is expected to grow at a CAGR of 7.10% during the forecast period 2018 - 2024. vessel security segment accounted for the largest market share in 2017, this market is expected to reach USD 366.50 Million in 2024 from USD 250.70 Million in 2017. This market is projected to grow at a CAGR of 5.51% during the forecast period from 2018 - 2024.

However, coastal surveillance segment is the fastest growing market, which is expected to grow at a CAGR of 6.87% during the forecast period 2018 - 2024. surveillance and tracking segment accounted for the largest market share in 2017, this market is expected to reach USD 410.40 Million in 2024 from USD 265.00 Million in 2017. This market is projected to grow at a CAGR of 6.38% during the forecast period from 2018 - 2024. However, surveillance and tracking segment is the fastest growing market, which is expected to grow at a CAGR of 6.38% during the forecast period 2018 - 2024.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.

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Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

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Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.