ID: MRFR/A&D/8849-HCR | 176 Pages | Author: Swapnil Palwe | June 2023
Coastal Surveillance Market is projected to reach 21.8 Billion by 2030, registering a CAGR of 8.8% During 2021-2030
$21.8 Billion
8.8%
North America
2022-2030
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
Market Opportunities
Segmentation
By Component
By Platform
By Region
Key Players
Other Prominent Players
Report Attribute/Metric | Details |
Market Size | USD 21.8 Billion (2030) |
CAGR | 8.8% (2022-2030) |
Base Year | 2021 |
Forecast Period | 2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Application, Scale, Platform |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | 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) |
Key Market Opportunities | Increased Investments in Advanced Surveillance Technologies |
Key Market Drivers | · Increasing Defense Expenditures. · Advancement in Coastal Surveillance Systems. · Increase in Number of Illegal Coastal Activities |
A USD 21.8 Billion by 2030 is assessed to open up the market's potential in the forecast period.
A 8.8% CAGR is estimated to augment the market share in the forecast period.
The soaring need to establish situational awareness at national coasts will dominate the market's development objectives in the forecast period.
Kongsberg Gruppen (Norway), Saab AB (Sweden), Indra Sistemas, SA (Spain), Northrop Grumman Corporation (US), and Elbit Systems Ltd (Israel) are motivating the market.
The North American regional market is assessed to stimulate the global market.
Key Questions Answered
Why Choose Market Research Future?