Coastal Surveillance Market Regulations and Competitive Landscape Outlook to 2030

United State: Coastal Surveillance Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Coastal Surveillance Market by region.

Coastal Surveillance Market is valued approximately USD 32.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.38 % over the forecast period 2020-2027.

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Coastal surveillance acts as a "virtual barrier" that recognizes, detects, monitors and removes intruders. These systems include a range of electronic warfare, networking, intelligence, machine, and surveillance applications. Coastal surveillance devices are used primarily for search and rescue operations that are helpful to the global market for coastal surveillance. The market is driven by global need to shorten mission cycle time, increase in asymmetric warfare, increase in the number of illegal maritime activities such as piracy and illicit trade. The key players of global Coastal surveillance market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others.

For instance, In April 2016, Thales Group won a contract to supply Fulmar surveillance drones from the Malaysian Maritime Enforcement Agency to boost the surveillance capabilities of the agency. Destini Shipbuilding and Engineering, Malaysia, will mount Fulmar, a small fixed-wing UAS, on six new-generation patrol craft being built. Fulmar features automated systems with an automated recognition system for detection and monitoring.

Also, in May 2019, ETSI has developed a new Industry Specification Community on a Common European Information Exchange Environment Service and Data Model (ISG CDM). In order to increase the understanding of maritime situations at sea, this ETSI community allows data sharing between different maritime legacy systems. However, scarcity of resources to handle the changing technical climate, Defense budget cuts in developing economies would restrain the market growth.

The regional analysis of global Coastal Surveillance Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms increase in the number of illegal maritime activities such as piracy and illicit trade. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as Global need to shorten mission cycle time, increase in asymmetric warfare would create lucrative growth prospects for the Coastal Surveillance Market across Asia-Pacific region.

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A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market for Market

Major market player included in this report are:
Northrop Grumman Corporation
Thales Group
Terma A/S
Kongsberg Gruppen
Saab AB
Elbit Systems Ltd.
Indra Sistemas, S.A.
Rolta India
Tokyo Keiki Inc.
Kelvin Hughes

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Structure:
National
Regional
Port

By Application:
Command and Control
Communications
Computers
Intelligence
Surveillance and Reconnaissance
Electronic Warfare

By End user:
Naval
Coast Guard
Others

By Scale:
Large Scale Surveillance
Moderate Scale Surveillance

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027

Target Audience of the Global Coastal Surveillance Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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Table of content:

Market Snapshot
Key Trends
Estimation Methodology
Research Assumption
Objective of the Study
Market Definition & Scope
Market Drivers
Market Opportunities
Porter's 5 Force Model
PEST Analysis
Risk Assessment: COVID-19 Impact
Competitive Intelligence
Research Process
What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter's Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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This release was published on openPR.