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 latest analysis by Emergen Research. Steady market revenue growth can be attributed to rise in asymmetric engagement, advancements in technologies, and 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 are 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 a court of law.
The global health crisis has gravely affected the Coastal Surveillance industry, disrupting the global supply chains and bringing about volatility in prices and product demand. However, industry experts believe that the global Coastal Surveillance market will regain traction in the post-COVID scenario. The report further offers a preliminary and a future assessment of the pandemic’s impact on this lucrative business space.
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Key companies profiled in the report 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
Key Questions Answered by the Report:
What are the key product types and applications of the Coastal Surveillance industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Coastal Surveillance market?
How is the competitive landscape of the Coastal Surveillance market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Coastal Surveillance Market by 2027?
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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 analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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