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Coastal Surveillance Radar Market Outlook to 2025 - Terma, Kelvin Hughes, Harris, GEM Electtronica, FLIR Systems, Elbit Systems, Thales Group, Aselsan, Israel Aerospace, Raytheon Company

03-01-2019 06:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Coastal Surveillance Radar Market Outlook to 2025 - Terma,

The global coastal surveillance radar market is expected to grow to US$ 1,237.9 million by 2025 from US$ 775.7 million in 2017, growing at a CAGR of 6.1%.

This research report provides insights into the global coastal surveillance radar market. Coastal surveillance radar systems are defined as the radar systems deployed by the public, private and government agencies including navy to secure their coastlines from illegal activities. The coastal surveillance radar market report includes segmentation based on several platforms including land-based radars, airborne radars, and ship-borne radars.

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Key Benefits-

*To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Coastal Surveillance Radar Market.

*To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

The report also evaluates the market based on different frequency range including X-Band, S-Band, L-Band, C-Band, Ku Band and Ka-band, X & S band, X & C band radar systems. The market revenue estimation includes the cost of the radar systems collected from several allotted contracts, company websites and shared quotations. It also includes the revenue generated from the service and maintenance of the radar systems.

Leading Key Players:

1. Terma
2. Kelvin Hughes
3. Harris Corporation
4. GEM Electtronica
5. FLIR Systems Inc.
6. Elbit Systems
7. Thales Group
8. Aselsan A.S
9. Israel Aerospace Industries
10. Raytheon Company

The coastal surveillance radars are mainly used by the naval forces and coast guards with an objective to secure the coastlines from various marine threats. Following the marine disputes, the demand for constant and efficient maritime surveillance is being emphasized by all countries. The coastal surveillance radar market is dominated by X-band radars as these radars have much higher electromagnetic wavelength and detection capability of smaller targets even in sea clutter is much higher than other radars.

However, the dual frequency radar i.e. combination of X-band and S-band radar is anticipated to be adopted the maximum in the coming years. These factors are anticipated to further boost up the growing installations and drive the coastal surveillance radar market.

The coastal surveillance radar market is highly influenced by the demand for efficient vessel traffic services (VTS). The vehicle traffic service (VTS) is an oceanic monitoring system used by naval forces, coast guards and harbor authorities to monitor and navigate the marine vessels in a limited oceanic space. VTS is a major concern for the coastal surveillance teams and owing to the increasing vehicle traffic across geographies, the demand for shore surveillance radar is increasing among the end users.

The VTS utilizes radar, VHF radiotelephony, automatic identification systems (AIS). The systems require compliances from IALA, and various VTS systems experience adverse environmental conditions such as high humidity or/and heavy rainfall, the system requires X-band as well as S-band radars to cover the area. The future of the coastal surveillance radar market is highly promising, as the major defense forces, as well as the defense forces in the emerging economies, are increasing their budgets year on year.

The report focuses on an in-depth segmentation of coastal surveillance radar market based on types, platform, and end users. The geographic segmentation of the report covers major regions including; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America (SAM).

The regional market has been further categorized by respective countries. For the type segment, X-band radar segment dominated the coastal surveillance radar market heavily and it is anticipated to continue its dominance throughout the forecast period from 2018 – 2025; whereas, regionally, Asia Pacific (APAC) accounted to hold the major chunk in global coastal surveillance radar market in 2017 and is expected to grow at the highest CAGR.

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Reason to Buy:

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Coastal Surveillance Radar Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Coastal Surveillance Radar Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:

Call: +1-646-491-9876
Email: sales@theinsightpartners.com

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