What is Coastal Surveillance Systems?
Coastal surveillance is made for recognition, identification, tracking, and destruction of the intruders. Coastal surveillance is used to provide not only Vessel Traffic Services (VTS) but also Security Surveillance. There is three type of coastal surveillance including national coastal surveillance, regional coastal surveillance, and port coastal surveillance. There are various applications of Coastal surveillance such as Command and Control, Computers, Intelligence, Communications, surveillance and reconnaissance, and electronic warfare.
The market study is broken down by Type (National Coastal Surveillance, Regional Coastal Surveillance and Port Coastal Surveillance), by Application (Command and Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance and Electronic Warfare) and major geographies with country level break-up. According to AMA, the Global Coastal Surveillance Systems market is expected to see growth rate of 5.16%
Analysts at AMA Research estimates that Manufacturers from United States will contribute to the maximum growth of Global Coastal Surveillance Systems market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Northrop Grumman Corporation (United States), Thales Group (France), Terma A/S (Denmark), Kongsberg Gruppen (United Kingdom), SAAB AB (Sweden), Elbit Systems Ltd. (Israel), Indra Sistemas S A. (Spain), Tokyo Keiki (United States), Kongsberg (Norway) and Raytheon (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Lockheed Martin (United States), Elbit Systems (Israel), Furuno (Japan), Bharat Electronics (India), Chengdu Spaceon Technology (China) and Blighter Surveillance Systems (United Kingdom).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Coastal Surveillance Systems market by Type, Application and Region.
On the basis of geography, the market of Coastal Surveillance Systems 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, Spain, France, Italy, Norway, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Israel, Africa), North America (United States, Canada, Mexico). If we see Market by Structure, the sub-segment i.e. National will boost the Coastal Surveillance Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Naval will boost the Coastal Surveillance Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 6th June 2018, Northrop Grumman Corporation (a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, strike, and logistics and modernization to customers worldwide) has acquired Orbital ATK Inc. (A global leader in aerospace and defense technologies).
On 26th June 2018, The Australian Department of Defence has purchased Northrop Grumman Corporation manufactured Triton aircraft system. The system will be operated by the Royal Australian Air Force (RAAF).
Market Trend
- Worldwide Necessity to Reduce Mission Cycle Period
- The emergence of Open Architecture Surveillance Systems
Market Drivers
- The upsurge in Unequal Warfare
- Rising Illegal Coastal Activities Such As Smuggling and Illegal Trades
- Rising Awareness to Drive Operations
Opportunities
- Rise Requirement for Maritime Traffic Control Globally
Restraints
- Defense Budget Cuts in Already Established Countries
Challenges
- Occurrence of Stealth Technology
Key Target Audience
Defense System Manufacturers, Defense Software Providers, Sub-Component Manufacturers, Component Suppliers, Coastal Surveillance Manufactures, Coastal Surveillance Supplier/Distributor, Potential Investors, Private Research Organization and Government Research Organization
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.