Coastal Surveillance Radar Market Outlook to 2025 - Terma, Kelvin Hughes, Harris Corporation, GEM Electtronica, FLIR Systems, Thales Group, Aselsan A.S., Accipiter Radar Technologies, Elbit Systems, Israel Aerospace Industries, Raytheon Company, Easat Rad
Rising Marine Conflicts and Insurgencies Creating Demand for Coastal Surveillance Radar at a CAGR of 6.1%.
The market for coastal surveillance radars is experiencing a steady growth rate over the periods, as the defense forces in the developed countries as well as countries that are vulnerable to attacks from the sea in the form of drug smuggling, human trafficking, and terrorism based activities. Water comprises of 70% of the globe are vital nodes of businesses for many strategically located countries across the globe. A growing population in a globalized world puts pressure on the oceans, as the demands for energy, food, raw materials, transport, and security increase.
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Latest market study on Coastal Surveillance Radar Market 2025 by Types (X-band, S-Band, X & S-Band, and Others); Platform (Shipborne, Land-based, and Airborne); and End Use (Ports, Harbor, and Oil & Gas Industry) – Global Analysis and Forecast”, the Coastal Surveillance market is estimated to reach US$ 1,237.9 Mn by 2025 from US$ 775.7 Mn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
As several countries are striving to gain more control over maritime assets such as underwater oil reserves and other offshore resources, traditional geopolitical disputes are gradually aggravating. Following these disputes, the demand for constant and efficient maritime surveillance is being emphasized by all countries. One of the major prevailing disputes is China’s conflict with its neighbors in the South China Sea and the Pacific Ocean, which is driving the demand for coastal surveillance radar systems in the South East Asian region, particularly in building naval strengths to counter both surface and underwater threats from enemies. Major navies in the region, especially China and India are emphasizing on the development of technologically advanced SONAR (Sound Navigation and Ranging), however, the demand for coastal surveillance radars is also gaining momentum substantially in order to effectively monitor illegal access in the maritime boundaries of these countries.
North America and Europe are currently the two major markets for coastal surveillance radar as the regions house numerous manufacturers of such equipment and the number of deployment of coastal surveillance radar systems is comparatively higher than other regions worldwide. Additionally, these two major countries are constantly battling threats from illegal immigration, illicit weapons smuggling and other ocean-based illegitimate activities.
The prominent players operating in the coastal surveillance radar market globally include Terma, Kelvin Hughes, Harris Corporation, GEM Electtronica, FLIR Systems, Thales Group, Aselsan A.S., Accipiter Radar Technologies, Elbit Systems, Israel Aerospace Industries, Raytheon Company, Easat Radar Systems Limited, and Blighter Surveillance Systems Ltd. among others.
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The report segments the coastal surveillance radar market as follows:
- X-band & S-band
By End User
- Ports, Harbor, and Oil & Gas
- Maritime Protection Agencies
- Rest of Europe
Asia Pacific (APAC)
- Rest of Asia Pacific
Middle East and Africa
- South Africa
- Saudi Arabia
- Rest of Middle East and Africa
- Rest of South America
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