(MENAFN - GetNews) The global coastal surveillance market size is expected to reach USD 43.19 Billion in 2028, and register a CAGR of 3.1% during the forecast period
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.
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Coastal Surveillance market Solution Insight:
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.
Key Questions Answered in the Report:
- What will be the estimated growth rate of the Coastal Surveillance market by 2028?
- Who are the prominent distributors, vendors, and manufacturers of the market?
- What are the driving and restraining factors of the growth of the Coastal Surveillance market throughout the forecast period?
- What are the current and future market trends of the Coastal Surveillance market?
- What are the sales and price analysis of the product by types, applications, and regions?
- What are the expected opportunities for the companies and new entrants in the coming years?
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Emergen Research has segmented the global coastal surveillance market on the basis of type, application, end-use, and region:
- Type Outlook (Revenue, USD Billion; 20182028)
- Large Scale Coastal Surveillance
- Moderate Scale Coastal Surveillance
- Application Outlook (Revenue, USD Billion; 20182028)
- Maritime Monitoring
- Intelligence, Surveillance, and Reconnaissance
- Search & Rescue
- Electronic Warfare
- End-Use Outlook (Revenue, USD Billion; 20182028)
Regional Analysis Covers:
- 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)
The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Coastal Surveillance industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Coastal Surveillance Market Segmentation & Impact Analysis
4.1. Coastal Surveillance Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers' analysis
18.104.22.168. Rise in asymmetric engagement
22.214.171.124. Rising incidence of illegal activities on coasts
126.96.36.199. Growing need to protect offshore infrastructure
188.8.131.52. Advancement in technology
4.2.3. Market restraints analysis
184.108.40.206. High R & D cost of developing advanced surveillance systems
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Coastal Surveillance Market By Type Insights & Trends, Revenue (USD Billion)
5.1. Type Dynamics & Market Share, 2021 & 2028
5.1.1. Large Scale Coastal Surveillance
5.1.2. Moderate Scale Type Surveillance
Chapter 6. Coastal Surveillance Market By Application Insights & Trends, Revenue (USD Billion)
6.1. Application Dynamics & Market Share, 2021 & 2028
6.1.1. Maritime Monitoring
6.1.2. Intelligence, Surveillance, and Reconnaissance
6.1.3. Search & Rescue
6.1.4. Electronic Warfare
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