Coastal Surveillance Market Research Report Analysis 2020 – 2028 by Size, Share, Trends, Growth, Industry Analysis and Outlook
Coastal Surveillance Market Size – USD 33.70
Billion in 2020, Market Growth – at a CAGR of 3.1%, Market Trends –
Advancements in coastal surveillance technology
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
a court of law.
The Global Coastal
Surveillance Market report assesses the historical and current data along with
a thorough analysis of the market dynamics. The report also sheds light on the
significant market growth driving and restraining factors that are anticipated
to influence the market growth through the forecast period.
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Key
Market Dynamics: The global Coastal Surveillance
market research report details on the ongoing market trends, development
outlines, and several research methodologies. It illustrates the key factors
that directly manipulate the market, for instance, production strategies,
development platforms, and product portfolio. According to our researchers,
even minor changes within the product profiles could result in huge disruptions
to the above-mentioned factors. Each of these factors has been elaborately
discussed in the initial segment of the study.
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Some
Key Highlights From the Report
·
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.
·
Key
players in the market include 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.
The findings of the
report explain various aspects of the market, such as market status,
developmental prospects, key regional segments, renowned market players,
product offerings, end-use industries.
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Geographical
Terrain of the Global Coastal Surveillance Market:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
The
global Coastal Surveillance market is segmented based on product types offered
in the market, their applications, end-user industries, different types of
technologies, and key regions of the market.
·
Type Outlook (Revenue,
USD Billion; 2018–2028)
o Large
Scale Coastal Surveillance
o Moderate
Scale Coastal Surveillance
·
Application Outlook
(Revenue, USD Billion; 2018–2028)
o Maritime
Monitoring
o Intelligence,
Surveillance, and Reconnaissance
o Search
& Rescue
o Electronic
Warfare
o Others
·
End-Use Outlook (Revenue,
USD Billion; 2018–2028)
o Naval
o Coast
Guard
o Others
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Key
Questions You Asked:
·
What is the growth rate of the Coastal
Surveillance market? What is the anticipated market valuation of the Coastal
Surveillance industry by 2028?
·
What are the key growth driving and
restraining factors of the Coastal Surveillance market?
·
Who are the prominent players operating in
the market? What are the key strategies adopted by these companies?
·
What are the key opportunities and growth
prospects of the Coastal Surveillance industry over the forecast period?
·
Which region is expected to show significant
growth in the coming years?
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