Maritime Protection Agencies Segment to Dominate APAC Coastal Surveillance Radar Market during 2020–2028      

According to a new market research study on “APAC Coastal Surveillance Radar Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Band Type, Platform, and End User” is expected to reach US$ 280.71 million by 2028 from 175.83 US$ million in 2021. The market is estimated to grow at a CAGR of 6.9% from 2021 to 2028. The report provides trends prevailing in the APAC coastal surveillance radar market along with the drivers and restraints pertaining to the market growth. Coastal surveillance radar systems witnessing technological advancements is the major factor driving the growth of the APAC coastal surveillance radar market. However, issues associated with poor infrastructure in emerging countries hinders the growth of APAC coastal surveillance radar market.

APAC coastal surveillance radar market is segmented into band type, platform, end user and country. Based on band type, the APAC coastal surveillance radar market is segmented into X-band, S-band, X and S-band, and others. The X-band segment led the market in 2021. Based on platform, the APAC coastal surveillance radar market is segmented into shipborne, land based, airborne. Land based segment led the market in 2021. Based on end user, the APAC coastal surveillance radar market is segmented into ports, harbor, & oil and gas industry and maritime patrol agencies. Maritime patrol agencies segment led the market in 2021. Based on country, the APAC coastal surveillance radar market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2021.

The demand side in the coastal surveillance radar market remained unaffected in 2020; however, there was a marginal delay in lead time. Moreover, despite the increase in the number of infections in APAC in 2021, governments have eased containment restrictions and allowed manufacturing facilities to operate. For instance, irrespective of the massive second wave in India in the Q2 of 2021, Indian Government and Bharat Electronics Limited continued the development and deployment of coastal surveillance radars (SCANTER 2001) through a Transfer of Technology Agreement with Terma A/S, which was initiated in November 2020. Similarly, despite the growing number of infections in China, the development and deployment of coastal surveillance radar was unaffected in 2021. In May 2021, South Korean government awarded a US$ 145.4 million contract to LIG Nex1 for the development of Maritime Surveillance Radar-II. Thus, COVID-19 marginally impacted the coastal surveillance radar market in 2020 from supply side, but the market was stabilized and started witnessing a growth trend from the Q3 of 2020.   

Accipiter Radar Technologies Inc; ASELSAN A.?; Blighter Surveillance Systems Ltd; Easat Radar Systems Limited; Elbit Systems Ltd.; GEM elettronica; HENSOLDT; Israel Aerospace Industries Ltd.; L3Harris Technologies, Inc.; Raytheon Technologies Corporation; Teledyne FLIR LLC; Terma A/S; and Thales Group are among the leading companies in the APAC coastal surveillance radar market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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