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Last updated on April 17, 2014 at 21:23 EDT

Growing Demand for Rapid Screening and Detection Systems Pushes the European Maritime Security Market, Finds Frost & Sullivan

July 6, 2009

LONDON, July 6 /PRNewswire/ — Delays in cargo screening significantly extend the time of goods at port. This process could be shortened with foolproof and rapid screening and detection systems. At the same time, increased illegal immigration and smuggling augment the need for efficient access control systems in ports and entry points.

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New analysis from Frost & Sullivan (http://www.aerospace.frost.com), Maritime Security Market Assessment-European Union, finds that the market is expected to have total revenues of more than euro 240 million from 2008 to 2015. In this research, Frost & Sullivan’s expert analysts examine the following markets: screening and detection systems, access control and surveillance systems in the maritime industry.

“The spiralling incidence of terrorists entering countries through sea routes has compelled governments to have a rethink on maritime security,” notes Frost & Sullivan Research Analyst Mohan Kumar V V. “Government spending on maritime security is poised to rise, creating new growth opportunities for security system providers.”

Biometric systems, the new standard in access control, will continue to drive maritime security markets, with combined facial and fingerprint examinations considered infallible in the detection of illegal immigrants and terrorists.

However, port facilities and ship owners, who usually fund maritime security, must be willing to invest in the costly systems. “Facilities and ship owners are reluctant to spend more on security as public funding is minimal and the cost of security-related investments is not passed on to customers, so they must bear the entire onus,” explains Kumar.

Currently, most port facilities and ships across the European Union (EU) have security systems that comply with International Ship and Port Security (ISPS) regulations. The maritime security market has not undergone any significant technology changes in the past five years.

“Spending on security arrangements will not increase significantly unless new ISPS regulations come into effect,” says Kumar. “The market will expand with the introduction of new high technology products that enhance the speed of cargo screening in the seaports.”

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, please e-mail Monika Kwiecinska, Corporate Communications, at monika.kwiecinska@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.

Maritime Security Market Assessment-European Union is part of the Defence Growth Partnership Services programme, which also includes research in the following markets: European Border Security Market, European Sea Port Security Market, Middle East Maritime Security Market and European Sea C2 Markets. All research included in subscriptions provides detailed market opportunities and industry trends that have been evaluated based on extensive interviews with market participants.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 35 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

Maritime Security Market Assessment-European Union

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    Contact:
    Monika Kwiecinska
    Corporate Communications - Europe
    P: +48 22 390 4127
    F: +48 22 390 4160
    E: monika.kwiecinska@frost.com

http://www.frost.com

SOURCE Frost & Sullivan


Source: newswire