Coastal Surveillance Market Revenue, Statistics, Industry Growth, and Demand Analysis Research Report 2028 from Ravi Thakre's blog

Global Coastal Surveillance Market Forecast to 2028

The global coastal surveillance market size is expected to reach USD 43.19 Billion at a steady CAGR of 3.1% in 2028, according to the latest analysis by Emergen Research. Steady market revenue growth can be attributed to a rise in asymmetric engagement, advancements in technologies, and an increasing focus on coastline security across various countries. Asymmetric threats are a major concern for coastal security, including offshore asset protection. A significant portion of global critical infrastructure, such as oil wells, pipeline loading arms, floating LNG platforms, and drilling rigs, is located offshore. Coastal surveillance systems, through geospatial analytics, assist in detecting asymmetric threats by deploying Artificial Intelligence (AI) to execute real-time data analysis to prevent any such engagements, thereby preventing substantial monetary losses. Also, coastal surveillance systems are capable of tracking and recording any illegal activity and identifying the mothership, and the recorded radar image can be produced in court.

Together with qualitative and quantitative assessments, the report's authors have provided forecasts for the Coastal Surveillance market. Two of the most important parts of this study are the SWOT analysis and Porter's Five Forces analysis, which reveal how intensely competitive the industry is. The comprehensive study of the worldwide Coastal Surveillance market in the report takes into account markets in North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa. This study looks at additional significant characteristics of regional markets in addition to revenue growth drivers, constraints, production consumption patterns, altering consumer tastes, and tight regulatory standards.

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Competitive Terrain:

The global Coastal Surveillance industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Elbit Systems Ltd., HENSOLDT UK, Thales Group, Indra Sistemas SA, Terma A/S, Frequentis AG, Konsberg Gruppen, Northrop Grumman Corporation, Saab AB, and FLIR Systems

Research Report on the Coastal Surveillance Market Addresses the Following Key Questions:

Who are the dominant players of the Coastal Surveillance market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Coastal Surveillance market?
What are the key growth drivers and restraining factors of the Coastal Surveillance market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Coastal Surveillance market and its key segments?

Market Overview:

The report bifurcates the Coastal Surveillance market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

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
Others

End-Use Outlook (Revenue, USD Billion; 2018–2028)

Naval
Coast Guard
Others

Regional Landscape section of the Coastal Surveillance report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Some Key Highlights from the Report

In August 2020, FLIR Systems made an announcement about the introduction of SeaFLIR 280-HDEP, which is a coastal surveillance sensor system. SeaFLIR 280-HDEP is developed to be used in any maritime mission situation and offers unparalleled battlespace awareness and agility support.
Intelligence gathered from coastal areas is crucial for vessels to enter and leave a harbor easily and safely. Rising incidence of illegal/illicit activities in coastal areas, including illegal trade and smuggling has been fueling deployment of moderate scale coastal surveillance systems.
Coastal surveillance systems are essential to deliver real-time information about coastal area activities to coast guards. Coastal surveillance systems offer complete control over a coastline area by delivering precise recognition, tracing, and identification of high-speed and small targets that may enter an under-surveillance coastal zone. Coastal surveillance systems assure total shore-based situational awareness, thus avoiding illegal occurrences and activities while safeguarding marine life, environment, and critical infrastructures from any kind of intrusion.
Maritime monitoring offers real-time information to promise environmental safety monitoring, navigational alerts, collision avoidance, intrusion detection, and vessel traffic control. Primarily, maritime monitoring is required to improve offshore installations’ protection.
Coastal surveillance market in North America contributed largest revenue share to the global market in 2020, due to growing deployment of advanced coastal surveillance systems to provide improved safety to coastal operations and presence of leading costal surveillance solution providers in countries in the region. In addition, presence of the longest coastline line in Canada is supporting demand for coastal surveillance in the region.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Coastal Surveillance market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Points of the Geographical Analysis:

Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets

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