Buoys and beacon market is anticipated to grow at a CAGR of 3.2% during the forecast period. Buoys are floating aids that are anchored to the seabed. Boaters in- terpret what they mean by their shape, color, and the characteristics of lights and sound signals. Beacons are fixed to the earth's surface (not floating) and can be anything from big lighthouses to a sign nailed to some pilings.
Weather forecasting services market is anticipated to grow at a significant CAGR of 9.1% during the forecast period. The market growth is attributed to factors such as the growth of the agriculture industry in terms of technology and yield, the growth of aviation, logistics transportation, and media industries, increasing demand for weather forecasting services from the government, and growing public awareness about weather forecasting, technological advancements in weather forecasting.
Electronic access control systems market is anticipated to grow at a CAGR of 7.8% during the forecast period. Electronic access control systems are a modern alternative to traditional lock and key mechanisms, offering enhanced security, convenience, and flexibility. They employ a combination of hardware, software, and electronic components to authenticate and authorize individuals based on various factors such as credentials, biometric data, or proximity devices.
Commercial satellite imaging market is anticipated to grow at a CAGR of 11.3% during the forecast period. The increasing requirement for efficient monitoring of vast land areas is one of the key drivers for the commercial satellite imaging market. Commerical satellite imagery provide detailed data and accurate information about land use, vegetation, and other features, which is used for a wide range of applications such as agriculture, urban planning, natural resource management, and environmental monitoring.
The global maritime safety system market is anticipated to grow at a significant CAGR of 6.7 % during the forecast period. The major factor that drives the global maritime safety system market is the digitalization and recent developments in AI, blockchain, IoT, and automation. Such advanced technologies are becoming more significant among various industries including marine sector. Maritime safety systems assist in streamlining existing processes, developing new business opportunities, and converting supply chains.
The global physical security market is anticipated to grow at a significant CAGR of 6.2% during the forecast period. The increasing crime rates and the rising terrorist activities have increased the concerns over the safety and security of assets, people, and processes. These growing attacks have taken to the loss of numerous human lives and extreme damage to infrastructure, highlighting the requirements for physical security solutions. However, organizations prioritize securing only critical servers and do not give much surveillance to resting data in the database. Thus, the deficiency of an adequate budget continues to be an important concern for physical security professionals to effectively conduct their IT security operations.
The global trade surveillance systems market is expected to grow at a CAGR of nearly 19% during the forecast period (2021-2027). The key factors contributing to the growth of the global trade surveillance systems market include rising utilization of surveillance systems to minimize trade abuse and manipulation including rising investor doubts, destroying market integrity, fraud behavioral patterning, and insider trading builds.
The global land-based smart weapons market is expected to grow at a significant CAGR during the forecast period (2021-2027). The major factors contributing to the growth of the market include the rising expenditure in the advanced military armed forces for the procurement of advanced land-based wars system and portable systems.
The global Asset Tracking Market is expected to grow at a significant CAGR during the forecast period (2021-2027). Given the high cost of business and industrial assets, particularly fleet equipment, the necessity for asset monitoring and tracking is critical.
The global military embedded systems market is growing at a significant CAGR of around 5.9% during the forecast period (2020-2026). The military embedded systems focus on the integration of embedded electronics, including hardware and software.
North American video analytics market is estimated to grow significantly at a CAGR of around 27.2% during the forecast period. North America video analytics market includes the US and Canada. The US is predicted to contribute highest in the growth of North American video analytics market due to the presence of large organizations with the need for the high security surveillance system.
US video analytics market is estimated to grow signifcantly at a CAGR of around 27.3% during the forecast period. The US is contributing significantly to the growth of the North American video analytics market owing to the demand for technologically enhanced public safety infrastructure and increasing demand for business intelligence.
UK video analytics market is estimated to grow considerably at a CAGR of around 27.5% during the forecast period. UK is one of the mature markets for video analytics, with a penetration level around twice that of France or Germany.
Japan video analytics market is estimated to grow considerably at a CAGR of around 27.2% during the forecast period. The increasing demand for safety and security in Japan has created a need for more advanced fire and security solutions.
India video analytics market is estimated to grow considerably at a CAGR of around 28.0% during the forecast period. Video analytics is expected to play a vital role in the near future to enhance security solutions, operations, and management in India.
Germany video analytics market is estimated to grow considerably, at a CAGR of around 28.4%, during the forecast period. Germany is estimated to contribute significantly to the European video analytics market over the forecast period owing to increasing terror attacks, which in turn, is rising the need for effective security and safety solutions.
European video analytics market is estimated to grow significantly, at a CAGR of around 27.1% during the forecast period. Europe is one of the leading markets in the video analytics market across the globe. High technology adoption rates coupled with more stringent rules and safety standards over public sectors are some of the major contributing factors to the growth of the video analytics market in Europe.
China video analytics market is estimated to grow considerably at a CAGR of around 27.3% during the forecast period. China is one of the largest video analytics market across the globe. With the large installations of surveillance cameras and massive amounts of video data, the end users in China are eagerly seeking ways to interpret the large amounts of data they collect with (video content analytics) VCA.
Asia-Pacific video analytics market is estimated to grow significantly at a CAGR of around 27.6% during the forecast period. The growth of the Asia-Pacific video analytics market is primarily being driven by China and India’s fast-paced economies and significant demand for city surveillance solutions. China, India, Japan, Australia, Korea, and Taiwan are the key regions growing at a significant rate due to increasing demand for public safety and security.
The global video analytics market is anticipated to grow at an exponential CAGR of 24.7% during the forecast period. Video analytics is the capability of analyzing video automatically to detect and determine temporal and spatial events. The rising demand for improved security arrangements will boost the growth prospects for the video analytics industry during the forecast period. It has been observed that the frequency and intensity of security breaches as well as the incidences of shoplifting, robbery, and theft are increasing at an alarming rate.