According to the most recent report by Emergen Research, the size of the global coastal surveillance market is anticipated to reach USD 43.19 billion in 2028, growing at a consistent CAGR of 3.1%. Constant market revenue growth can be ascribed to an increase in asymmetric engagement, technological developments, and a growing global emphasis on coastline security. Asymmetrical risks, such as offshore asset protection, are a serious worry for coastal security. Offshore locations are home to a sizeable amount of the world's vital infrastructure, including drilling rigs, floating LNG platforms, pipeline loading arms, and oil wells. Coastal surveillance systems use geospatial analytics to detect asymmetric threats by using Artificial Intelligence (AI) to carry out real-time data analysis to stop any such engagements, averting significant financial losses.

By carefully analysing the vital commercial data and broad geographic dispersion of the business, Emergen Research created a market research study on Coastal Surveillance. The study provides comprehensive coverage of the qualitative and quantitative analysis of the market for Coastal Surveillance as well as important market statistics. The study paper offers current estimates through 2021 as well as historical data from 2017 to 2018. The profiles of both well-known and emerging industry participants in the research contain a summary of the company, product portfolio, strategic relationships, and corporate expansion goals.

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Competitive Terrain:

The global Coastal Surveillance industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Leading Market Players Profiled in the Report:

Elbit Systems Ltd., HENSOLDT UK, Thales Group, Indra Sistemas SA, Terma A/S, Frequentis AG, Konsberg Gruppen, Northrop Grumman Corporation, Saab AB, and FLIR Systems

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Some Key Highlights from the Report

• In August 2020, FLIR Systems made an announcement about the introduction of SeaFLIR 280-HDEP, which is a coastal surveillance sensor system. SeaFLIR 280-HDEP is developed to be used in any maritime mission situation and offers unparalleled battlespace awareness and agility support.
• Intelligence gathered from coastal areas is crucial for vessels to enter and leave a harbor easily and safely. Rising incidence of illegal/illicit activities in coastal areas, including illegal trade and smuggling has been fueling deployment of moderate scale coastal surveillance systems.
• Coastal surveillance systems are essential to deliver real-time information about coastal area activities to coast guards. Coastal surveillance systems offer complete control over a coastline area by delivering precise recognition, tracing, and identification of high-speed and small targets that may enter an under-surveillance coastal zone. Coastal surveillance systems assure total shore-based situational awareness, thus avoiding illegal occurrences and activities while safeguarding marine life, environment, and critical infrastructures from any kind of intrusion.
• Maritime monitoring offers real-time information to promise environmental safety monitoring, navigational alerts, collision avoidance, intrusion detection, and vessel traffic control. Primarily, maritime monitoring is required to improve offshore installations’ protection.
• Coastal surveillance market in North America contributed largest revenue share to the global market in 2020, due to growing deployment of advanced coastal surveillance systems to provide improved safety to coastal operations and presence of leading costal surveillance solution providers in countries in the region. In addition, presence of the longest coastline line in Canada is supporting demand for coastal surveillance in the region.

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Coastal Surveillance market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Coastal Surveillance market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Coastal Surveillance market.

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Market Overview:

The report bifurcates the Coastal Surveillance market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Type Outlook (Revenue, USD Billion; 2018–2028)
• Large Scale Coastal Surveillance
• Moderate Scale Coastal Surveillance

• Application Outlook (Revenue, USD Billion; 2018–2028)
• Maritime Monitoring
• Intelligence, Surveillance, and Reconnaissance
• Search Rescue
• Electronic Warfare
• Others

• End-Use Outlook (Revenue, USD Billion; 2018–2028)
• Naval
• Coast Guard
• Others

Regional Outlook:

• North America (the U.S., Canada, Mexico)
• Europe (the U.K., Germany, France, Italy)
• Asia Pacific (India, China, Japan, Korea)
• Latin America (Brazil, Argentina, Ecuador, Chile)
• Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

Key reasons to buy the Global Coastal Surveillance Market report:

1. The latest report comprehensively studies the global Coastal Surveillance market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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