The coastal surveillance radar market size is projected to reach US$ 1.88 billion by 2031 from US$ 1.06 billion in 2023. The market is expected to register a CAGR of 7.5% during 2023–2031. Technological advancements in coastal surveillance radar systems are likely to remain a key trend in the market.
Coastal Surveillance Radar Market Analysis
Elbit Systems Ltd, Thales Group, Israel Aerospace Industries, Hensoldt AG, and Terma A/S, are some of the key market players operating in the global coastal surveillance radar market. These companies engage themselves in developing robust systems including X-band, S-band, and X and S-band radars for various end users. In addition, these companies also enjoy substantial numbers of contracts for their radars from various naval forces, coast guards, oil & gas companies, as well as ports. The companies sign long-term agreements with the end users to support the supply of coastal surveillance radar products, which enables the companies to generate revenue year on year.
Coastal Surveillance Radar Market Overview
The major stakeholders in the global coastal surveillance radar market ecosystem include component manufacturers, system integrators, and end-users amongst others. A coastal surveillance system radar is made up of various components which are procured by the system manufacturers from a huge base of component manufacturers. These component manufacturers supply the base parts to the global coastal surveillance radar players. The system integrators are the companies that are engaged in manufacturing the final surveillance radar systems after integrating each component. The end-user of the global coastal surveillance radar market include both governing bodies and private organizations that are carrying out business across the coastline. The on-shore multinational oil and gas companies that are on the coastlines are highly dependent on surveillance radars to ensure safety and security in their operation and of their assets. On the other hand, the rise in military expenditure by developed and developing nations and their rising investments to sure both land and coastal borders from factors like drug trafficking, terror, and undocumented immigrants amongst others is also propelling the high adoption of coastal surveillance radar by the government bodies.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Coastal Surveillance Radar Market: Strategic Insights
Market Size Value in US$ 964.61 million in 2021 Market Size Value by US$ 1,423.59 million by 2028 Growth rate CAGR of 5.7% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Coastal Surveillance Radar Market: Strategic Insights
| Market Size Value in | US$ 964.61 million in 2021 |
| Market Size Value by | US$ 1,423.59 million by 2028 |
| Growth rate | CAGR of 5.7% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Coastal Surveillance Radar Market Drivers and Opportunities
Rising Adoption of Coastal Surveillance Radar System Across Emerging Economies
The rise in border threats across emerging economies such as China, India, Taiwan, South Korea, Russia, Ukraine, Israel, Palestine, and Iran is expected to boost the adoption of coastal surveillance radar systems. Owing to the rise in marine warfare and oceanic insurgencies, coastal regions across these economies are becoming increasingly vital, and surveillance radar plays a crucial role in detecting threats in real time. Commanders can get valuable insights into enemy movements and their surroundings by deploying advanced radar systems along coastal boundaries, thereby taking necessary measures based on real-time data. This benefit of gathering real-time data with clear and high-resolution images is the crucial attraction point for the end users. Hence, on the back of the crucial parameters, the coastal surveillance radar market has been growing across the world.
Strategic Initiatives by Major Players
The companies operating in the coastal surveillance radar market are adopting organic and inorganic growth strategies, such as high investments, product offerings, and global expansion, further creating growth opportunities for the global coastal surveillance radar market. A few key developments to be mentioned are:
- In September 2022, the US Coast Guard awarded a contract to L3Harris Technologies Inc for up to five AN/APY-11 multimode radars that will be installed on new C-130J Super Hercules long range surveillance aircraft during the Minotaur missionization process. The firm fixed price contract is for the delivery of three multimode radars, which will be installed by L-3 Communication Integrated Systems in Waco, Texas, during the missionization and Block 8.1 upgrade for the 18th, 19th and 20th C-130J aircraft in the Coast Guard fleet.
- In December 2022, LIG Nex1 Co signed an agreement with the Naval Logistics Command for the Maritime Surveillance Radar-II project.
Such developments heve been generating new opportunities for market vendors across different regions.
Coastal Surveillance Radar Market Report Segmentation Analysis
Key segments that contributed to the derivation of the coastal surveillance radar market analysis are band type, platform, and end user.
- Based on band type, the coastal surveillance radar market is segmented into X-band, S-band, X/S-band, and others. The X-band segment held a larger market share in 2023.
- Based on the platform, the coastal surveillance radar market is segmented into shipborne, land based, and airborne. The airborne segment held a larger market share in 2023.
- Based on end user, the coastal surveillance radar market is segmented into ports harbor oil & gas companies and maritime patrol agencies. The maritime patrol agencies segment held a larger market share in 2023.
Coastal Surveillance Radar Market Share Analysis by Geography
The geographic scope of the coastal surveillance radar market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the market in 2023 followed by Europe and Asia Pacific regions. Further, Asia Pacific is also likely to witness highest CAGR in the coming years. The US accounted for the largest market share in North America coastal surveillance radar market. The US is also a technologically advanced country and has a huge potential to adopt new technologies over the years. The oil and gas companies present across the country also have huge potential to adopt technologies for securing their operation across the coastlines. This is further influencing the adoption of coastal surveillance radars to limit or restrict illicit activities across the country. Accipiter Radar Technologies Inc, Teledyne FLIR LLC, L3Harris Technologies Inc, Raytheon Technologies Corporation, and SSR Engineering are some of the players operating in the US market.
Coastal Surveillance Radar Market Report Scope
Coastal Surveillance Radar Market News and Recent Developments
The coastal surveillance radar market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the coastal surveillance radar market are listed below:
- Leonardo has acquired a 30% stake of share capital in GEM elettronica, an Italian company specialising in the production of small and medium-sized 3D radars, electro-optical sensors and inertial systems for the maritime, air and land sectors. (Source: Leonardo, Press Release, Apr 2021)
- Sensor solutions provider HENSOLDT is equipping the US Coast Guard’s “Legend” class National Security Cutter (NSC) with its proven TRS-3D multi-mode naval radar. The US Coast Guard awarded HENSOLDT a follow-on contract worth approximately 10 Mio. $ to deliver a further radar in its latest ‘Baseline D’ version to be installed at the Coast Guard training center (TRACEN), Petaluma/CA. Up to now, HENSOLDT has delivered 12 radars to the US Coast Guard’s NSC program. (Source: HENSOLDT, Press Release, Sep 2023)
Coastal Surveillance Radar Market Report Coverage and Deliverables
The “Coastal Surveillance Radar Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Coastal surveillance radar market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Coastal surveillance radar market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed porter’s five forces analysis
- Coastal surveillance radar market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the coastal surveillance radar market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Band Type, Platform, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America region dominated the coastal surveillance radar market in 2023.
Increasing military expenditure worldwide and rising adoption of coastal surveillance radar system across emerging economies are some of the factors driving the growth for coastal surveillance radar market.
Technological advancements in coastal surveillance radar systems is one of the major trends of the market.
Accipiter Radar Technologies Inc, Aselsan AS, Blighter Surveillance Systems Ltd, Easat Radar Systems Ltd, Elbit Systems Ltd, Teledyne FLIR LLC, GEM Electronica, HENSOLDT AG, Israel Aerospace Industries, L3Harris Technologies Inc, Raytheon Technologies Corporation, Terma A/S, Thales Group, Havelsan AS, Mskyeye Co Ltd, Advanced Radar Technologies (ART), and TOKYO KEIKI INC are some of the key players profiled under the report.
The estimated value of the coastal surveillance radar market by 2031 would be around US$ 1.88 billion.
The coastal surveillance radar market is likely to register of 7.5% during 2023-2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Coastal Surveillance Radar Market
Jun 2024
Military Antenna Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Aperture Antennas, Dipole Antennas, Travelling Wave Antennas, Monopole Antennas, Loop Antennas, Array Antennas, Others); Frequency (High Frequency, Very High Frequency, Ultra-High Frequency); Platform (Marine, Ground, Airborne); Application (Communication, Telemetry, Electronic Warfare, Surveillance, Navigation); and Geography
Jun 2024
Helicopter MRO Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Airframe Maintenance, Engine Maintenance, Component Maintenance, Line Maintenance); Helicopter Type (Light Helicopter, Medium Helicopter, Heavy Helicopter); End User (Commercial, Military); and Geography
Jun 2024
Airport Infrastructure Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Airport Type (Commercial Airport, Military Airport, General Aviation Airport); Infrastructure Type (Terminal, Control Tower, Taxiway & Runway, Hangar, Others); and Geography
Jun 2024
Airport Fueling Equipment Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Tanker Capacity (Below 5000 litres, 5000-20000 litres, Above 20000 litres); Aircraft Type (Civil Aircraft, Military Aircraft); Power Source (Electric, Non-Electric); and Geography
Jun 2024
Jun 2024
Airborne Pods Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Aircraft Type (Combat Aircraft, Helicopters, UAVs and Others); Pod Type (ISR, Targeting, and Countermeasure); Sensor Technology (EO/IR, EW/EA, and IRCM); Range (Short, Long, and Intermediate); and Geography
Jun 2024
Air Defense Radar Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Range (Long Range, Medium Range, Short Range); Product Type (Synthetic Aperture and Moving Target Indicator Radar, Surveillance Radar, Airborne Early Warning Radar, Multi-functional Radar, Weather Radar, Others); System Type (Fixed, Portable); Platform (Ground-based, Aircraft-mounted, Naval-based); Application (Ballistic Missile Defense, Identification Friend or Foe, Weather Forecasting, Others); and Geography
Get Free Sample For