South America Maritime Security Market Forecast (2016-2024)

Year BRAZIL REST OF SOUTH AMERICA
2016 $ 315.5 $ 183.0
2017 $ 335.6 $ 196.6
2018 $ 356.5 $ 210.9
2019 $ 378.2 $ 226.0
2020 $ 400.7 $ 241.8
2021 $ 424.0 $ 258.3
2022 $ 448.1 $ 275.6
2023 $ 472.8 $ 293.7
2024 $ 498.2 $ 312.4
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South America Maritime Security Market Forecast (2016-2024)

Synopsis
The above chart is Global Maritime Security market [2016-2024] by South America

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.

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