Global Coastal Surveillance Market Size,Share,Trend,Analysis,Growth,- 2023

Posted by Nita on February 26th, 2021

Market Forecast

Global Coastal Surveillance Market is projected to reach USD 39.73 Billion by 2026 and register a CAGR of 3.2% between 2020 and 2026.

The advancements in coastal surveillance systems and increasing defense expenditure are the key factors driving the growth of the market. Additionally, the increase in the number of illegal coastal activities is further driving the growth of the market.

Market USP

The increasing need for situational awareness on the coast.

Growth Opportunities in the Market

The Command & Control Segment Is Expected to Grow at the Highest Rate: The command & control segment is expected to register the highest CAGR during the forecast period, 2019 to 2026. The increasing use of coastal surveillance systems to command and control any illegal activity is expected to drive the growth of this segment.

The Large-Scale Surveillance Segment Accounted for the Largest Share in 2019: The large-scale surveillance segment accounted for the largest market share in 2019. This is due to the increasing advanced aerial vehicles for many defense applications such as intelligence, tracking, surveillance, and reconnaissance that offers large-scale surveillance capability is driving the growth of this segment. The moderate-scale surveillance segment is expected to register the highest CAGR during the forecast period.

The Coast Guard segment is Expected to Witness the Highest Growth in the Market: The coast guard segment accounted for the largest market share in 2019 and is expected to register the highest CAGR during the review period. This can be attributed to the increasing demand for coastal surveillance systems for threat intelligence & response management by the coast guards.

The navy applications segment is expected to register a steady CAGR during the forecast period.

Key Players

Northrop Grumman Corporation (US)

Kongsberg Gruppen (Norway)

Saab AB (Sweden)

Elbit Systems Ltd (Israel)

Indra Sistemas, SA (Spain)

Selex Es Spa (Italy)

Frequentis AG (Austria)

Lockheed Martin Corporation (US)

Raytheon Technologies Corporation (US)

Thales Group (France)

Other Prominent Players

Terma AS (Denmark)

Rolta India (India)

Controp Precision Technologies Ltd (Israel)

Tokyo Keiki Inc. (Japan)

Kelvin Hughes (UK)

Access Report Details @ https://www.marketresearchfuture.com/reports/coastal-surveillance-market-10327