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Global Coastal Surveillance Market 2021 Size, Development Status, Type and Application, Segmentation, Forecast 2027


Global Coastal Surve

iCrowdNewswire   Feb 21, 2021  6:00 AM ET

Coastal Surveillance Market:

WiseGuyReports.com adds “Global Coastal Surveillance Market Research Report 2021 Analysis and Forecast 2027” reports to its database.

Executive Summary

Global Coastal Surveillance Market is valued approximately USD 32.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.38 % over the forecast period 2020-2027. Coastal surveillance acts as a “virtual barrier” that recognizes, detects, monitors and removes intruders. These systems include a range of electronic warfare, networking, intelligence, machine, and surveillance applications. Coastal surveillance devices are used primarily for search and rescue operations that are helpful to the global market for coastal surveillance. The market is driven by global need to shorten mission cycle time, increase in asymmetric warfare, increase in the number of illegal maritime activities such as piracy and illicit trade. The key players of global Coastal surveillance market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, In April 2016, Thales Group won a contract to supply Fulmar surveillance drones from the Malaysian Maritime Enforcement Agency to boost the surveillance capabilities of the agency. Destini Shipbuilding and Engineering, Malaysia, will mount Fulmar, a small fixed-wing UAS, on six new-generation patrol craft being built. Fulmar features automated systems with an automated recognition system for detection and monitoring. Also, in May 2019, ETSI has developed a new Industry Specification Community on a Common European Information Exchange Environment Service and Data Model (ISG CDM). In order to increase the understanding of maritime situations at sea, this ETSI community allows data sharing between different maritime legacy systems. However, scarcity of resources to handle the changing technical climate, Defense budget cuts in developing economies would restrain the market growth.

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The regional analysis of global Coastal Surveillance Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms increase in the number of illegal maritime activities such as piracy and illicit trade. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as Global need to shorten mission cycle time, increase in asymmetric warfare would create lucrative growth prospects for the Coastal Surveillance Market across Asia-Pacific region.

Major market player included in this report are:
Northrop Grumman Corporation
Thales Group
Terma A/S
Kongsberg Gruppen
Saab AB
Elbit Systems Ltd.
Indra Sistemas, S.A.
Rolta India
Tokyo Keiki Inc.
Kelvin Hughes

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Structure:
National
Regional
Port

By Application:
Command and Control
Communications
Computers
Intelligence
Surveillance and Reconnaissance
Electronic Warfare

By End user:
Naval
Coast Guard
Others
By Scale:
Large Scale Surveillance
Moderate Scale Surveillance
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Coastal Surveillance Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Continuous…

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Tags:    Research Newswire, English