Global Multi-Function Mobile Coastal Surveillance Radar System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Multi-Function Mobile Coastal Surveillance Radar System Market’ is an upcoming and exhaustive market research report offering by MarketResearch.biz. A wide range of critical factors have been analyzed and studied in depth and vital data and information is to be presented in a well-planned flow and format in the report. In addition to revenue share of each segment and region and country, key trends, revenue driving factors, restraints, as well as opportunities in untapped regions and countries, and threats will be included. The company profiles of key players comprise detailed information, recent developments, strategies, and acquisitions and mergers etc. The global multi-function mobile coastal surveillance radar system market is segmented by platform, frequency band, end use, and region and countries.
Multi-function mobile coastal surveillance radar systems currently being developed, and systems that are currently deployed by various countries around the world differ from each other. However, the purpose and objective for deployment remains the same in these countries. In addition, major technological advancements have resulted in new and more innovative and effective and efficient systems being developed and deployed. The primary objective for deploying coastal surveillance radar systems is to firstly, ensure safety of coastline from breaches by hostile neighbors, smuggling activities, illegal entry by immigrants or refugees, to secure and protect natural resources within assigned borders, as well as to ensure terrorists are unable to enter through waterways and the sea to make attacks or to set up sleeper cells. In addition, the Maldives is viewed as a vital location for its maritime silk road project. China has acquired Djibouti in the Horn of Africa and Hambantota port in Sri Lanka, as this is part of the route in the Indian Ocean. India’s Prime Minister, Narendra Modi and Maldives’ President, Ibrahim Mohamed Solih, inaugurated a Coastal Surveillance Radar System (CSRS), which was built by India and a composite training facility of the Maldives National Defence Force.
Changing political scenarios and increasing incidence of marine conflicts, Somalian piracy and kidnappings at sea, drug smuggling, influx of illegal immigrants, human trafficking etc. are among the primary factors driving growth of the multi-function mobile coastal surveillance radar system market. In addition, a number of countries across the globe are fortifying coastlines owing threats of invasion from terrorist groups, and recent show of strength by navies of various countries over disputes related to sanctions and oil reserves, as well as movement of unauthorized cargo are among other factors.
Global Multi-Function Mobile Coastal Surveillance Radar System Market Segment Analysis:
Among the end-use segments, the maritime protection segment accounts for majority revenue share, and this is attributed to increasing conflicts over resources and geopolitical disputes etc., as well as threat of illegal immigrant influx in some countries across the globe.
Global Multi-Function Mobile Coastal Surveillance Radar System Market Regional Analysis:
Demand for multi-function surveillance radars systems for border surveillance, reconnaissance and intelligence, and modern air defense systems is expected to increase significantly in future in countries in Asia Pacific owing to increasing military and defense spending as a result of increased threat perception in the region. The market in North America is also projected to register significant growth, followed by markets in Europe and MEA.
Maritime protection is projected to account for highest revenue share in the global multi-function mobile coastal surveillance radar system market owing to growing need for efficient and robust border surveillance. In addition, demand for man-portable radars to counter terrorism-based activities, for battlefield surveillance etc., are among some of the primary factors driving revenue growth of this segment.
High growth is also projected for Asia Pacific over the forecast period, as a result of major presence of established manufacturers countries in the region and increasing demand for surveillance radars for border surveillance, intelligence, and reconnaissance, and modern air defense systems, among others.
Global Multi-Function Mobile Coastal Surveillance Radar System Market Segmentation:
By End Use:
- Oil & gas industry
- Maritime protection agencies
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Northrop Grumman
- General Electric
- Kongsberg Grumman
- AST Group
- CMR Group
- Cummins Inc.
- Emerson Electric Co.
- Hyundai Heavy Industries Co.
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