Latin America Maritime Surveillance Market Size & Outlook
The maritime surveillance market in Latin America is expected to reach a projected revenue of US$ 3,170.3 million by 2030. A compound annual growth rate of 4.9% is expected of Latin America maritime surveillance market from 2025 to 2030.
Revenue, 2024 (US$M)
$2,412.3
Forecast, 2030 (US$M)
$3,170.3
CAGR, 2025 - 2030
4.9%
Report Coverage
Latin America
Related Markets
Latin America maritime surveillance market highlights
- The Latin America maritime surveillance market generated a revenue of USD 2,412.3 million in 2024.
- The market is expected to grow at a CAGR of 4.9% from 2025 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 2,412.3 million |
| Market revenue in 2030 | USD 3,170.3 million |
| Growth rate | 4.9% (CAGR from 2025 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Indra Sistemas SA ADR, RTX Corp, Saab AB ADR, Elbit Systems Ltd, Bharat Electronics, Thales Group, Dassault Aviation, Kongsberg Gruppen ASA, Furuno Electric Co Ltd, SRT Marine Systems PLC |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.9% of the global maritime surveillance market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,757.9 million by 2030.
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Maritime Surveillance Market Scope
Maritime surveillance market segmentation & scope
Maritime Surveillance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SRT Marine Systems PLC | View profile | 51-100 | Bath, Bath and North East Somerset, United Kingdom, Europe | https://srt-marine.com/ |
| Dassault Aviation | View profile | 5001-10000 | Saint-cloud, Ile-de-France, France, Europe | http://www.dassault-aviation.com/en/ |
| Bharat Electronics | View profile | 5001-10000 | Bengaluru, Karnataka, India, Asia | http://www.bel-india.in/ |
| Furuno Electric Co Ltd | View profile | 3356 | 9-52 Ashihara-cho, Hyogo Prefecture, Nishinomiya City, Japan | http://www.furuno.co.jp |
| Saab AB ADR | View profile | 22335 | Olof Palmes gata 17, 5th Floor, Stockholm, Sweden, SE-111 22 | https://www.saab.com |
| Kongsberg Gruppen ASA | View profile | 13602 | Kirkegardsveien 45, Kongsberg, Norway, N-3616 | https://www.kongsberg.com |
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | http://www.thalesgroup.com |
| Indra Sistemas SA ADR | View profile | 57755 | Avenida de Bruselas, 35, Alcobendas, Madrid, Spain, 28108 | http://www.indra.es |
| Elbit Systems Ltd | View profile | 18984 | Advanced Technology Center, P.O. Box 539, Haifa, Israel, 3100401 | https://www.elbitsystems.com |
| RTX Corp | View profile | 185000 | 1000 Wilson Boulevard, Arlington, VA, United States, 22209 | https://www.rtx.com |
Latin America maritime surveillance market size, by country, 2018-2030 (US$M)
Latin America Maritime Surveillance Market Outlook Share, 2024 & 2030 (US$M)
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