Surveillance is monitoring of activities or behavior for seeking information. It is done with a view to influence, manage, or protect people. Coastal surveillance is a majorly employed at coastal areas, used by coast guards and government agencies. Coastal surveillance is primarily used to monitor activity around coastal areas.
High adoption of coastal surveillance, especially in developed economies and rising demand for technologically advanced surveillance systems across the globe are major factors boosting growth of the global coastal surveillance market currently. But, high costs associated with deployment and use of advanced coastal surveillance systems and stringent government regulations with use of surveillance systems are major factors hampering growth of the global market.
On the basis of applications, the global coastal surveillance market is segmented into command and control, communications, computers, intelligence, surveillance and reconnaissance, and electronic warfare. The intelligence segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. Also, surveillance and reconnaissance segment is projected to witness moderate growth over the forecast period.
The global coastal surveillance market report has been segmented on the basis of application, end user, structure, and region. On the basis of region, the global coastal surveillance market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Request for the Sample Report Here: https://marketresearch.biz/report/coastal-surveillance-market/request-sample/
The market in North America accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to high investments into defense, especially into surveillance in the region. Moreover, technological advancements into surveillance equipment and high adoption of technologies into defense sectors are other major factors anticipated to propel growth of the North America market over the forecast period. Revenue from the market in Asia Pacific accounted for second-highest share and is closely followed by the markets in Asia Pacific, Latin America, and Middle East & Africa respectively. This is attributed to increasing government initiatives and investments into development of naval defense sector in the region. Furthermore, the market in Asia Pacific is projected to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. This can be attributed to rising demand for advanced technological surveillance equipment in emerging economies in the region. Also, the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.
Prominent players in the global coastal surveillance market include Thales Group, Northrop Grumman Corporation, Terma A/S, Elbit Systems Ltd., Indra Sistemas SA, Kongsberg Gruppen, and Bharat Electronics, SAAB AB, and Furuno Electric Co., Ltd.