Coastal Surveillance Market Research Report Information Information By Application (Command & Control, Intelligence, Reconnaissance and Electronic Warfare), Scale (Large-Scale Surveillance and Moderate-Scale Surveillance), Platform (Coast Guard, Navy and Others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030

Coastal Surveillance Market Scenario

Coastal Surveillance Market is projected to reach USD 21.8 Billion by 2030 and register a CAGR of 8.8% between 2022 and 2030. 

Market Synopsis

Global Coastal Surveillance Market has witnessed high growth in recent years owing to the advancements in coastal surveillance systems, increasing defense expenditure, and the rising number of illegal coastal activities. However, the high costs of installation and operation are expected to restrain the market growth.

Market USP

The increasing need for situational awareness on the coast.

Market Drivers

• Increasing Defense Expenditures: Globally, military spending has increased significantly in recent years. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure rose by 2.6% to approximately USD 1.82 trillion from 2017 to 2019. The increase in defense expenditure is expected to boost the demand for advanced coastal surveillance systems and solutions in the review period.


• Advancement in Coastal Surveillance Systems


• Increase in Number of Illegal Coastal Activities

Market Opportunities

• Increased Investments in Advanced Surveillance Technologies

Segmentation

By Component

• Command & Control: The segment dominated the coastal surveillance market in 2019. This is due to the increasing use of surveillance systems to command and control the illegal activities at national coasts.


• Intelligence: The segment is expected to witness high growth during the forecast period, 2019 to 2026. Costal surveillance systems are used for the collection and analysis of information to provide guidance and direction to assist commanders in their decisions.


• Reconnaissance: The segment is expected to witness steady growth during the forecast period, 2019 to 2026. Costal surveillance systems can survey a wide area and take enhanced images.


• Electronic Warfare: The segment is expected to register the highest CAGR during the forecast period. This is due to naval vessels and stealth aircraft that are difficult to detect can be easily detected using electronic warfare systems.

By Platform

• Large-Scale Surveillance: The segment dominated the coastal surveillance market in 2019. The large-scale surveillance systems are largely used by both navies and coast guards globally as it provides superior surveillance capability.


• Moderate-Scale Surveillance: The segment is expected to register the highest CAGR during the forecast period. The growing use of moderate scale surveillance systems at ports is driving the growth of this segment.

By Region

• North America: North America dominates the coastal surveillance market. This trend is projected to continue during the forecast period due to the presence of prominent players such as Northrop Grumman Corporation, Lockheed Martin Corporation, and Raytheon Technologies Corporation, and high investments made by these companies in the development of advanced surveillance systems and solutions.


• Europe: The increasing adoption of advanced systems by the military organizations in Europe for performing intelligence, surveillance, and reconnaissance missions are expected to boost the demand for coastal surveillance systems in the review period.


• Asia-Pacific: The market in this region is projected to register a high CAGR during the forecast period. Increasing defense expenditures and rising terrorist activities in countries such as India, China, Indonesia, and Australia are driving the growth of the market in the region.


• Middle East & Africa: The increase in defense expenditures by countries such as Saudi Arabia, the UAE, and Israel is driving the market growth in the Middle East & Africa.


• Latin America: In Latin America, there has been an increase in the use of UAVs with radar systems for intelligence gathering on drug trafficking and rebel groups and control of illegal migration, which is expected to drive the coastal surveillance market.

Key Players

• Northrop Grumman Corporation (US)


• Kongsberg Gruppen (Norway)


• Saab AB (Sweden)


• Elbit Systems Ltd (Israel)


• Indra Sistemas, SA (Spain)


• Selex Es Spa (Italy)


• Frequentis AG (Austria)


• Lockheed Martin Corporation (US)


• Raytheon Technologies Corporation (US)


• Thales Group (France)

Other Prominent Players

• Terma AS (Denmark)


• Rolta India (India)


• Controp Precision Technologies Ltd (Israel)


• Tokyo Keiki Inc. (Japan)


• Kelvin Hughes (UK)