Coastal Surveillance Radar Market Will Reach US$ 1,237.9 Mn in 2025 | Top Key Players Elbit Systems, Blighter Surveillance Systems, Aselsan, Accipiter Radar Technologies, GEM elettronica, Kelvin Hughes

The global Coastal Surveillance Radar market accounted for US$ 775.7 Mn in 2017 and is expected to grow at a CAGR of 6.1% during the forecast period 2018 - 2025, to account for US$ 1,237.9 Mn in 2025.

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.

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The market for coastal surveillance radar is concentrated with substantial numbers of established players as well as emerging players across the globe. The major companies operating in the market 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.

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. Consequently, more actors are becoming involved in deploying oil and gas rigs, sea mining exploration platforms, fishery control systems, communication cables, ships of all kinds, and so on. Such an increase creates a need for improved control.

The marine environment has historically been an arena for power struggles, providing the setting for war fighting, conquering, colonizing, subjugating, trafficking, smuggling, and the like. So, to establish an intervention capability to help maintain order at sea by means of force (or threat thereof), navies were built to defend national interests, and they have increasingly gained importance by projecting state military power at sea. The growth of coastal surveillance radars market is the current scenario is attributed to the rapid increase in the defense budgets of various countries by their respective Governments with a view establish themselves as super powers in the global arena. Furthermore, as the land and air based defense forces of major countries of the world have been beefed up to greater levels, the security at the coastal borders has still remained a matter of concerns for majority countries.

Coastal Surveillance Radar Market Insights

Rising Requirement for Better C4ISR to Strengthen the Coastal Surveillance Radar Market
Command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) networks are the real game changer for defense forces, both in times of peace and war. With these systems, commanders can gain great insight into enemy movements and their surroundings and derive actions based on real-time information. The defense contractors, as well as defense research centers, are constantly developing robust C4ISR systems and surveillance radar. The advantages of intercepting, analyzing the intensity of threat and defeating the incoming threat are enabling the defense forces, coast guard authorities as well as harbor establishments to secure the coastal areas from any threats. This factor has led to increased adoption of coastal surveillance radar systems in the recent years, which has fuelled the market and the trend of adoption is increasing which is foreseen to drive the Coastal Surveillance Radar market in the coming years.

Vehicle Traffic Service (VTS) is Influencing the Growth of Coastal Surveillance Radar Market
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 rising procurement of VTS in the current scenario and the rapid technological development in the field of transceivers and antenna by the major contractors are driving the Coastal Surveillance Radar market in the current scenario.

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