According to Emergen Research, the global coastal surveillance market is expected to reach USD 43.19 billion by 2028 at a steady CAGR of 3.1%. Steady market revenue growth can be attributed to an increase in asymmetric engagement, technological advancements, and a greater focus on coastline security across various countries. Asymmetric threats, including offshore asset protection, are a major concern for coastal security. Offshore, a significant portion of the world’s critical infrastructure, such as oil wells, pipeline loading arms, floating LNG platforms, and drilling rigs are located.
The increase in situational alertness to drive operations and the demand to shorten mission cycle time are two major factors expected to drive the growth of the coastal surveillance market during the forecast period. Furthermore, the increase in asymmetric warfare is expected to drive the growth of the coastal surveillance market. Furthermore, the growing demand for submarine periscope and radar antenna detection from coastal surveillance centers is expected to support the growth of the coastal surveillance market. On the other hand, defense spending cuts in advanced countries and a lack of resources to deal with a changing technological environment are expected to stymie the growth of the coastal surveillance market over the forecast period.
This coastal surveillance market report discusses recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, and product launches.
Some Key Highlights from the Report
For vessels to enter and leave a harbor easily and safely, intelligence gathered from coastal areas is critical. The increased prevalence of illegal/illicit activities in coastal areas, such as illegal trade and smuggling, has fueled the deployment of moderate-scale coastal surveillance systems.
Maritime monitoring promises environmental safety monitoring, navigational alerts, collision avoidance, intrusion detection, and vessel traffic control in real-time. Primarily, maritime monitoring is required to improve the protection of offshore installations.
The coastal surveillance market in North America contributed the highest revenue share to the global market in 2020, owing to the increasing deployment of advanced coastal surveillance systems to improve coastal operations safety and the presence of leading coastal surveillance solution providers in the region. Furthermore, the presence of Canada’s longest coastline line increases the demand for coastal surveillance in the region.
Elbit Systems Ltd., HENSOLDT UK, Thales Group, Indra Sistemas SA, Terma A/S, Frequentis AG, Kongsberg Gruppen, Northrop Grumman Corporation, Saab AB, and FLIR Systems are among the market’s key players.
Emergen Research has segmented the global coastal surveillance market based on type, application, end-user, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
- Large Scale Coastal Surveillance
- Moderate Scale Coastal Surveillance
Application Outlook (Revenue, USD Billion; 2018–2028)
- Maritime Monitoring
- Intelligence, Surveillance, and Reconnaissance
- Search & Rescue
- Electronic Warfare
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Coast Guard
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- Rest of Europe
- the Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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