Coastal Surveillance Systems Market

Coastal Surveillance Systems Market: Drivers and Challenges

Drivers

The growth of the coastal surveillance systems market can be attributed to an increase in the number of terrorist activities. Moreover, the defence organisations of different nations are using coastal surveillance systems for security and other purposes. Increase in maritime disputes among nations has resulted in focusing on the development of the capabilities of coastal surveillance systems. Major and long-standing military and territory disputes between different nations results in the strengthening of naval forces and the establishment of maritime bases. On the other hand, there is a rising need for highly-advanced naval vessels with superior coastal surveillance systems capabilities. Therefore, the navies of respective countries are developing and inducting improved coastal surveillance systems to boost their surveillance capabilities. These are some of the primary factors boosting the coastal surveillance systems market throughout the world.

Challenges

Coastal surveillance systems are adopted by several countries to keep track of vessels in the sea. However, the users of costal surveillance systems face some challenges. For instance, in seaports or at any other crowded areas, bandwidths become congested owing to competing signals that interfere with each other. Due to this congestion, any individual vessel is likely to suddenly get dropped off the map. Moreover, lack of awareness regarding the applications of coastal surveillance systems as well as mistakes in identity are also among challenges that are hampering the growth of the coastal surveillance systems market.

Coastal Surveillance Systems Market: Competition Landscape

Key Players

Some of the key players in the coastal surveillance systems market are Terma A/S, Thales Group, Northrop Grumman Corporation, Elbit Systems Ltd., Kongsberg Gruppen, Indra Sistemas SA and SAAB AB.

Coastal Surveillance Systems Market: Regional Overview

On the basis of geography, APAC is expected to capture the largest share of the coastal surveillance systems market owing to the availability of well-developed coastal surveillance systems due to transportation from different countries. Europe and MEA are also expected to gain a substantial share of the coastal surveillance systems market due to the introduction of new technologies and applications in defence organisations. North America is expected to be the fastest-growing coastal surveillance systems market owing to initiatives undertaken by governments in the region for the improvement of technologies.

The coastal surveillance systems markets in Latin America and Japan are also expected to witness high growth rates during the forecast period due to an increase in the demand for new technologies in the transportation industry.

The report covers exhaustive analysis on:

• Global Market Segments
• Global Market Dynamics
• Historical Actual Market Size, 2013–2017
• Global Market Size & Forecast, 2018 to 2028
• Supply & Demand Value Chain for the Market
• Global Market Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Solutions Technology
• Value Chain of the Market
• Global Market Drivers and Restraints

Regional Analysis for the Global Coastal Surveillance Systems Market includes:

• North America
  • U.S.
  • Canada
• Latin America
  • Argentina
  • Mexico
  • Brazil
  • Rest of Latin America
• Western Europe
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
  • Nordic
  • Benelux
  • Rest of Western Europe
• Eastern Europe
  • Poland
  • Russia
• SEA & Others of APAC
  • Australia and New Zealand (A&NZ)
  • India
  • ASEAN
  • Rest of SEA & Others of APAC
• Japan
• China
• Middle East and Africa
  • GCC Countries
  • North Africa
  • South Africa
  • Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.