Industry Trends

Practices › CNS SystemsCoastal Surveillance Market


Coastal Surveillance Market


Aerospace & Defence
CNS Systems

The coastal surveillance market is projected to grow from USD 29.08 Billion in 2016 to 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, situational awareness, survivability, and qualitative naval superiority will drive the demand for the coastal surveillance market.

On the basis of application, the coastal surveillance market has been segmented into the command & control, communications, computers, intelligence, surveillance & reconnaissance and electronic warfare application. The intelligence segment is projected to grow at the fastest CAGR during the forecast period, 2016 to 2021, primarily because coastal surveillance systems utilize radio networks to transmit intelligence, surveillance & reconnaissance information from global positioning data to video and sensor data.

The market for coastal surveillance has been segmented based on end-users into naval, coast guard, and others. The naval segment dominates the studied market, and is expected to continue its dominance over the next five years. The naval-based platform offers various advantages in surveillance such as the availability of wider tracking areas, less interruption, and easier coordination.

On the basis of scale, the coastal surveillance market has been segmented into large scale surveillance and moderate scale surveillance. The increased number of illegal activities in coastal regions such as smuggling and illegal trade has been driving the need for moderate scale coastal surveillance systems. Large scale surveillance systems are used to monitor the wider areas, such as, ports, hazardous areas and for vessel traffic control.

The APAC region is expected to exhibit the highest growth rate in the coastal surveillance market, during the forecast period from 2016 to 2021. The market growth in the Asia-Pacific region is attributed to the increased military spending in countries such as India and China. With geopolitical tensions in the South China Sea and border issues in several countries, procurement of coastal surveillance is estimated to increase across the region. China, South Korea, Japan, and Indonesia are the key growth countries in this region.

Coastal Surveillance Market

Some factors such as defense budget cuts in developed economies and the scarcity of resources to manage the changing technological environment may inhibit the growth of the coastal surveillance market.

The key players in the coastal surveillance market are 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.

Contracts is the key strategy adopted by the industry players to achieve growth in the coastal surveillance market, which accounted for a major share of the total growth strategies adopted by the leading players. For instance, in April 2016, Thales Group received a contract from the Malaysian Maritime Enforcement Agency to supply Fulmar surveillance drones to enhance the agency's surveillance capabilities. Fulmar, a small fixed-wing UAS, will be installed on six new generation patrol craft being built by Destini Shipbuilding and Engineering, Malaysia. Fulmar features automatic detection and tracking systems with an automatic identification system.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

We can help find ?

Latent demand for you, for your prospective client, or your prospective partners