The Asia-Pacific maritime security market is expected to grow from $2.84 billion in 2013 to $5.16 billion in 2018.

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The Asia-Pacific region has registered a trade growth rate higher than that of overall world trade. The exports in the region are climbing higher than the imports. The countries such as China, Singapore, Japan, India, and Australia already have a larger portion of the APAC market and the trend is expected to grow in the future. Piracy and maritime terrorism are the major threats to maritime security in the region and highly prevalent in Southeast Asia.

The Asia-Pacific maritime security market is expected to grow from $2.84 billion in 2013 to $5.16 billion in 2018 at CAGR of 12.69% for the period 2013 to 2018. The maritime security market is primarily driven by the increasing maritime transportation in the regional economy.—-Maritime Knowhow

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