The global coastal surveillance market size is expected to reach USD 43.19 Billion at a steady CAGR of 3.1% in 2028. 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.
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The report throws light on the current economic landscape of this business vertical and evaluates the top market trends. It has been compiled through significant primary research, including surveys, interviews, and expert analysts’ observations. It features insightful qualitative and quantitative assessments of the Coastal Surveillance industry, gathering industry-verified data from the value chain analysis.
Global Coastal Surveillance Market Report – Table of Contents:
- Chapter 1 includes the global Coastal Surveillance market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
- Chapter 2 broadly categorizes the Coastal Surveillance market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
- Chapter 3 elaborates on the competitive outlook of the Coastal Surveillance market, focusing on the major manufacturers and vendor landscape.
- Chapter 4 exhaustively studies the key manufacturers of the Coastal Surveillance industry, along with their anticipated sales and revenue shares.
- Chapters 5 includes market segmentation based on product type, application range, and market players.
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.
Regional Overview:
The global Coastal Surveillance market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Coastal Surveillance market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Leading companies profiled in the report:
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.
Emergen Research has segmented the global coastal surveillance market on the basis of type, application, end-use, 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
- Others
- End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Naval
- Coast Guard
- Others
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