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Maritime

Maritime is a sector of the defense industry that deals with the naval services. The global maritime market is growing at a significant rate, owing to the rising war-like conditions among several countries across the globe. A substantial rise in the defense budget and the growing need to protect country borders for terrorist attacks through seaways are projected to accelerate the growth of the maritime market in the next few years. In addition, the rising adoption of smart vessels in this sector in order to monitor activities and the growing need to acquire enhanced data communication and other services are likely to supplement the market’s growth in the near future. An expected rise in the number of players with a strong product portfolio is predicted to accelerate the development of the maritime market. The category offers a detailed overview of the different services and products available under the maritime sector across the globe.