Coastal Surveillance Market Scope
The global requirement to shorten mission cycle time and escalation in asymmetric warfare will help to boost global coastal surveillance market in the forecasted period. Coastal surveillance act as a “virtual fence” that is recognition, identification, tracking and destruction of the intruders. The application includes electronic warfare, communication, intelligence, computer, and surveillance. The coastal surveillance systems are more significantly used for search and rescue missions which act valuable for the global coastal surveillance market.
According to AMA, the Global Coastal Surveillance market is expected to see growth rate of 3.38%
Research Analyst at AMA estimates that European Manufacturers will contribute to the maximum growth of Global Coastal Surveillance market throughout the predicted period.
Northrop Grumman Corporation (United States), Thales Group (France), Kongsberg Gruppen (United Kingdom), SAAB AB (Sweden), Terma A/S (Denmark), Elbit Systems Ltd. (Israel), Indra Sistemas S A, (Spain), The Raytheon Company (United States), Lockheed Martin Corporation (United States) and Controp Precision Technologies (Israel) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Frequentis Ag (Austria), Kelvin Hughes (United Kingdom) and Selex Es Spa (Italy).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Coastal Surveillance market , by Application (Command and Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance and Electronic Warfare) and Region with country level break-up.
On the basis of geography, the market of Coastal Surveillance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Spain, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 14th May 2019, Northrop Grumman Corporation has received a 46 million dollars delivery order for eight Joint Threat Emitter (JTE) Units.
On 8th April 2019, JAMAICA reinforces its coastal surveillance with THALES’S high technology. The Thales Coast Watcher 100 is long-range coastal surveillance radar for unmanned round the clock operation manufactured in Rouen. This system is designed for advanced maritime surveillance, through optimal detection identification and tracking of small, highly maneuverable and fast targets in challenging environments (high seas, rain, etc.) as well low-altitude airborne threats.
Market Trend
- Huge Demand Due To Growing Terrorism Threats and Regional Conflicts among the Neighboring Countries
- Rapid Growth in Situational Awareness
Market Drivers
- Growing Application in Low Airspace Monitoring In the Navy Sector
- Increasing Number of Number of Pirate Attacks on Ships Globally
Opportunities
- Upsurge Demand for Detection of Submarine Periscope As Well As Radar Antenna from the Coastal Surveillance Centers
- Growing Requirement of Maritime Traffic Control All Over the World
Restraints
- Scarcity of Resources to Manage the Change in Technological Environment
- Low Awareness about the Applications
Challenges
- Introduction of Stealth Technology
Key Target Audience
Raw Materials Suppliers, Private Research Institute / Education Institute, Government Research Institutes, Government Regulatory Bodies, Potential Investors and Others