Coastal Surveillance Market and Global Forecast

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MarketsandMarkets Presents
Coastal Surveillance Market by Application (C2,
Communication, Computers, Intelligence,
Surveillance Reconnaissance, and Electronic
Warfare), End Use (Naval, Coast Guard), Structure
(National, Regional, and Port), Scale - Global
Forecast to 2021 The coastal surveillance market
is projected to reach USD 34.34 Billion by 2021,
at a CAGR of 3.38 from 2016 to 2021. Factors
such as increased demand for network-centric
warfare along with the growing demand for market
and competitive intelligence are expected to
drive the coastal surveillance market.
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The Intelligence application segment in the
coastal surveillance market is expected to
witness high growth during the forecast
period. The key applications considered for the
coastal surveillance market study are command
control, communication, computers, intelligence,
surveillance reconnaissance, and electronic
warfare. The intelligence segment is projected to
grow at the highest CAGR during the forecast
period, as it acts as a force-multiplier by
providing advanced situational awareness to armed
forces and is the greatest attribute to
militaries wielding such platforms as manned and
maritime surveillance. The surveillance and
reconnaissance application segment is the second
highest growing market in the coastal
surveillance market over the forecast
period Sample pages of the Report
http//www.marketsandmarkets.com/requestsample.asp
?id89731714 The naval segment to dominate the
coastal surveillance market with the highest
market share The naval segment is projected to
have the highest market share in the coastal
surveillance market, by end-user. Naval
surveillance systems are used to provide surface
patrolling whereby these detect and track small
targets from the vessel and offer uninterrupted,
all-weather surface surveillance to the navy. It
monitors the near lower airspace around the
vessel and is capable of detecting and tracking
both propeller and jet aircraft up to a certain
altitude providing low airspace monitoring and
surveillance for the navy.
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The coastal surveillance market is expected to
witness the highest growth in the Asia-Pacific
region. The Asia-Pacific region is expected to
experience extensive growth opportunities during
the next few years. The increase in defense
spending among countries in the APAC region has
increased opportunities for coastal surveillance
applications. The rise in conflicts among
neighboring countries in the APAC region and the
threats from growing terrorism are reasons
driving this market in this region. With
geopolitical tensions in the South China Sea and
border issues in many countries, procurement of
coastal surveillance equipment will increase
across the region. Report Information
http//www.marketsandmarkets.com/Market-Reports/
coastal-surveillance-market-89731714.html Key
players profiled in the coastal surveillance
market report include Northrop Grumman
Corporation (U.S.), Thales Group (France), Terma
A/S (Denmark), Kongsberg Gruppen (U.K.), SAAB AB
(Sweden), Elbit Systems Ltd. (Israel), and Indra
Sistemas S A,(Spain), among others.
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