|
(Wireless-NewsWire.Com, November 13, 2018 ) Rising Marine Conflicts and Insurgencies Creating Demand for Coastal Surveillance Radar at a CAGR of 6.1%
Latest market study on Coastal Surveillance Radar Market 2025 by Types (X-band, S-Band, X & S-Band, and Others); Platform (Shipborne, Land-based, and Airborne); and End Use (Ports, Harbor, and Oil & Gas Industry) – Global Analysis and Forecast”, the Coastal Surveillance market is estimated to reach US$ 1,237.9 Mn by 2025 from US$ 775.7 Mn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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.
Request Sample Copy is Available at:- http://bit.ly/2B0EIfi
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.
The global coastal surveillance radar market has been segmented by types namely X-band radar, S-band radar, X & S-band radar, and other. Platform segment is also categorized as shipborne, land-based, and airborne. Further, the market is classified on basis of end users as ports, harbor and Oil & Gas industry, and marine protection agencies.
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 report segments the global coastal surveillance radar market as follows:
Global Coastal Surveillance Radar Market – By Types
X-band
S-band
X-band & S-band
Others
Global Coastal Surveillance Radar Market – By Platform
Shipborne
Land-based
Airborne
Global Coastal Surveillance Radar Market – By End User
Ports, Harbor, and Oil & Gas
Maritime Protection Agencies
Global Coastal Surveillance Radar Market – By Geography
North America
U.S.
Canada
Mexico
Direct Purchase a Copy of this study at http://bit.ly/2FdTXWq
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
Rest of Asia Pacific
Middle East and Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
South America
Brazil
Rest of South America
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.
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
|
