Asia Pacific Maritime Security Market Forecast (2016-2024)

Year AUSTRALIA CHINA INDIA JAPAN REST OF ASIA PACIFIC
2016 $ 232.8 $ 2053.3 $ 908.8 $ 423.8 $ 111.9
2017 $ 244.6 $ 2232.2 $ 984.9 $ 455.9 $ 118.4
2018 $ 257.0 $ 2426.7 $ 1067.5 $ 490.5 $ 124.9
2019 $ 270.1 $ 2638.5 $ 1157.1 $ 527.8 $ 131.3
2020 $ 283.9 $ 2869.1 $ 1254.4 $ 567.9 $ 137.6
2021 $ 298.4 $ 3120.3 $ 1360.1 $ 611.2 $ 143.8
2022 $ 313.7 $ 3393.9 $ 1474.9 $ 657.9 $ 149.7
2023 $ 329.8 $ 3692.0 $ 1599.5 $ 708.2 $ 155.1
2024 $ 346.8 $ 4016.7 $ 1734.9 $ 762.5 $ 160.1
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Asia Pacific Maritime Security Market Forecast (2016-2024)

Synopsis
The above chart is Global Maritime Security market [2016-2024] by Asia Pacific

Market Dynamics

china accounted for the largest market share in 2017 in the asia pacific maritime security market, and is expected to reach usd 4016.70 million in 2024 from usd 2232.20 million in 2017.this market is projected to grow at a cagr of 8.76% during the forecast period from 2018 - 2024. deep water security segment accounted for the larger market share in 2017, this market is expected to reach usd 4320.80 million in 2024 from usd 2580.60 million in 2017. this market is projected to grow at a cagr of 7.65% 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 9.23% during the forecast period 2018 - 2024. vessel security segment accounted for the largest market share in 2017, this market is expected to reach usd 3174.20 million in 2024 from usd 1901.40 million in 2017. this market is projected to grow at a cagr of 7.60% 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 9.00% 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 3554.10 million in 2024 from usd 2010.10 million in 2017. this market is projected to grow at a cagr of 8.49% 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 8.49% during the forecast period 2018 - 2024.

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