Coastal Surveillance Radar Market Predicted By Top Players Like Kelvin Hughes, GEM Electtronica, FLIR Systems, Thales Group, Israel Aerospace Industries
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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.
The key companies profiled in this report include Accipiter Radar Technologies Inc., Aselsan A.S., Blighter Surveillance Systems Ltd., East Radar Systems Limited, Elbit Systems Ltd., FLIR Systems, Inc., GEM Elettronica, Harris Corporation, Israel Aerospace Industries Ltd., Kelvin Hughes, Raytheon Company, Terma A/S, and THALES GROUP.
The coastal surveillance radar is 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. The future market for the coastal surveillance radar is promising, as the major defense forces, as well as the defense forces in the emerging economies, are increasing their budgets year on year.
The global coastal surveillance radar market has been segmented by types as X-band, S-band, X-band and S-band, and Others. On the basis of the platform, the market for coastal surveillance radar market is also bifurcated as shipborne, land-based and airborne. Further, the market is broken down by the end-user into the port, harbor, and oil & gas industry, and maritime protection agencies.
Europe holds the second largest market share. The lengthy coastline of the European continent is one of the major driving potential factors for the deployments of the coastal surveillance radar systems. As a result of the longer coastline, the European continent has also been increasingly facing various threats to the security of the country. Threats such as illegal immigration from the terrorist states to the European region via the waterways has been on the rise. Also, illegal drug trafficking and smuggling coupled from various corners of the world and majorly from Latin America & the Caribbean Islands, as well as from some of the African nations have risen in the region over the years. On account of these factors, the need for coastal radar surveillance in most of the European countries is immense. Also, provisioning safety & security to the fish farmers, and employees working in the oil rigs in Europe demand for deployments of the coastal surveillance radar systems.
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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.
Coastal Surveillance Radar Market Strategic Insights
The new development was observed as the most adopted strategy in global Coastal Surveillance Radar market. Few of the recent strategies by some of the players in the Coastal Surveillance Radar market landscape are listed below-
2018: FLIR introduced Raymarine's flagship line of multifunction displays (MFDs), Axiom™ XL. Designed for premium yachts and glass bridge installations, Axiom XL displays offer the largest size in the Axiom family and the superior performance and elegant simplicity.
2017: East Radar Systems Limited designed Transportable Coastal Surveillance Radar System in order to provide an autonomous, rapidly deployable coastal radar system capable of detecting targets at ranges up to 37Nm
2017: Thales is unveiling its Ground Fire family: a range of the latest-generation multifunction ground radar. The radar system, which is fully digital, will carry out air defense and surveillance missions simultaneously.
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