Coastal Surveillance is a virtual fence protecting against intruders through identification and tracking. In modern-day warfare, communication, and computer, coastal surveillance systems have increasing applications. They are mostly used in search and rescue missions. The growing threats of terrorism from the neighbouring countries and regional conflicts have raised the need for the global coastal surveillance market. Low airspace monitoring has further expanded the need. Owing to the increasing demand for network-centric warfare, gearing up for survivability and situation awareness, and improving naval quality, the Global Coastal Surveillance Market is anticipated to grow at a CAGR of 4 percent.
Based on application insights, the Global Coastal Surveillance Market is dominated by the intelligence segment. This segment is expected to record the fastest growth between 2020 and 2026 given that coastal surveillance systems require the transmission of intelligence and surveillance through radio networks, from global positioning data to video and sensor data.
Based on end-user insights, the naval segment is leading the Global Coastal Surveillance Market and is also likely to record the fastest growth. This is because a naval-based platform provides numerous benefits, including, availability of wider tracking areas, easier co-ordination, and relatively fewer interruptions.
Based on the scale, the Global Coastal Surveillance Market is dominated by the large-scale surveillance segment. This segment is used to monitor the larger geographical territories, including ports, hazardous areas, and vessel traffic control. The increasing cases of illegal activities in the coastal regions, including smuggling and illegal trade, has boosted the growth of the moderate-scale surveillance segment.
Based on regional analysis, the Asia-Pacific (APAC) region has been anticipated to display the fastest growth rate in the global coastal surveillance market. The growth of the global coastal surveillance market in the APAC region is a result of the expanding military expenditures by the emerging nations, like China and India. Owing to the rising geopolitical tensions between the two countries in the South China Sea and geographical borders have boosted the growth of the market in this region. Countries, like, China, Japan, South Korea, and Indonesia comprise the big players of the global coastal surveillance market.
The market for global coastal surveillance comprises some of the big players, including, Northrop Grumman Corporation, Terma A/S, Thales Group, Kongsberg Gruppen, SAAB AB, and so forth.
Check the report summary at Coastal Surveillance Market Size, Trends & Analysis - Forecasts to 2026