The Coastal Surveillance market is anticipated to expand and provide a forecast report by 2021

The study on the global market for Coastal Surveillance examines historical as well as current data and does a thorough analysis of market dynamics. The important market growth-boosting and limiting factors that are projected to affect market growth throughout the forecast period are also covered in the report. The Global Coastal Surveillance Market carries out market scenario research in order to forecast industry growth for the years 2021 to 2028. The study focuses on prospective growth prospects and constraints that the industry's market leaders might face 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 the latest analysis by Emergen Research. Steady market revenue growth can be attributed to a rise in asymmetric engagement, advancements in technologies, and an 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, is 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 court.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

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

Target Audience of the Global Coastal Surveillance Market Report:

Key Market Players
Investors
Venture capitalists
Small- and medium-sized and large enterprises
Third-party knowledge providers
Value-Added Resellers (VARs)
Global market producers, distributors, traders, and suppliers
Research organizations, consulting companies, and various alliances interested in this sector
Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

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)

Market Segmentations of the Coastal Surveillance Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2021 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Coastal Surveillance market on the basis of product, application, and region:

Segments Covered in this report are:

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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Some 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. 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.

Additional information offered by the report:

Along with a complete overview of the global Coastal Surveillance market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Coastal Surveillance market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.

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