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. 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.
The all-encompassing report on the coastal surveillance market projects the prospective growth of the industry. It gives and extensive analysis of the market size, share, demand, trends, gross revenue, total earnings to draw a forecast of the growth in the years 2022 to 2028. The study estimates the potential growth of the industry and the factors responsible for the expansion of the business. The study highlights the driving forces, restrains and hurdles for the growth of the market.
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Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key Players Profiled 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.
Emergen Research has segmented the global coastal surveillance market on the basis of type, application, end-use, and region:
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
Regional Analysis of the Coastal Surveillance Market:
- 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)
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Market Overview:
The research report on the Coastal Surveillance market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Coastal Surveillance business sphere.
Key Objectives of the Report:
- Analysis and estimation of the Coastal Surveillance market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Coastal Surveillance market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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