Insights on the Coastal Surveillance Systems Global Market to 2027 - Featuring Elbit Systems, Kelvin Hughes and Signalis Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Coastal Surveillance Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Coastal Surveillance Systems estimated at US$31.2 Billion in the year 2020, is projected to reach a revised size of US$38.9 Billion by 2027, growing at a CAGR of 3.2% over the analysis period 2020-2027.

Command & Control, one of the segments analyzed in the report, is projected to record a 3.3% CAGR and reach US$7.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Communications segment is readjusted to a revised 3.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $9.2 Billion, While China is Forecast to Grow at 3.1% CAGR

The Coastal Surveillance Systems market in the U.S. is estimated at US$9.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2027 trailing a CAGR of 3.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Computers Segment to Record 2.7% CAGR

In the global Computers segment, USA, Canada, Japan, China and Europe will drive the 2.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.8 Billion in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.3 Billion by the year 2027.

Select Competitors (Total 41 Featured):

• CONTROP Precision Technologies Ltd.
• Elbit Systems Ltd.
• Frequentis AG
• Indra Sistemas SA
• Kelvin Hughes Ltd.
• Kongsberg Gruppen ASA
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Company
• Rolta India Ltd.
• SAAB AB
• Selex ES SpA
• Signalis
• Terma A/S
• Thales Group
• Tokyo Keiki, Inc.
• Vissim AS

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

• Influencer Market Insights
• World Market Trajectories
• Rise in Coastal Security Amidst Growing Terrorism Threats and Regional Conflicts Creates Growth Opportunities for Coastal Surveillance Market
• Impact of COVID-19 and a Looming Global Recession
• Increasing Cases of Illegal Coastal Activities Make Implementation of Coastal Surveillance a Must
• Rapid Growth in Situational Awareness Drives Costal Surveillance Operations
• Increase in Asymmetric Warfare Offers Immense Potential for Growth of Coastal Surveillance Market
• Efficient Maritime Traffic Management System - Need of the Hour
• Surge in Demand for Submarine Periscope and Radar Antennas in Coastal Surveillance Centers
• Challenges
• Emergence of Stealth Technology: A Major Challenge
• Defense Budget Cuts: Another Growth Restraint

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/4k5f3y