Land Based Segment to Dominate Europe Coastal Surveillance Radar Market during 2020–2028      

According to a new market research study on “Europe 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$ 592.62 million by 2028 from 391.13 US$ million in 2021. The market is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The report provides trends prevailing in the Europe coastal surveillance radar market along with the drivers and restraints pertaining to the market growth. Growth strategies formed by major market players is the major factor driving the growth of the Europe coastal surveillance radar market. However, issues associated with low infrastructure in various countries hinders the growth of Europe coastal surveillance radar market.

Europe coastal surveillance radar market is segmented into band type, platform, end user and country. Based on band type, the Europe 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 Europe coastal surveillance radar market is segmented into shipborne, land based, airborne. Land based segment led the market in 2021. Based on end user, the Europe 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 Europe coastal surveillance radar market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. Rest of Europe held the largest market share in 2021.

Germany, the Netherlands, the UK, and Poland are among the worst-hit countries in the region. Western Europe has numerous communication and surveillance system manufacturers. Despite the economic downfall faced by economies in the region in 2020, the allocation of funds for defense budgets was on the higher side in these countries. As a result, the demand side in the coastal surveillance radar market remained unaltered in that year. However, the emergence of COVID-19 marginally impacted the manufacturing of communication and surveillance systems, including coastal surveillance radars, as several manufacturers had to operate with a partial workforce; this hampered the supply-side performance in the market. For instance, the production facilities of Terma A/S in Lystrup and Grenaa reported COVID-19 cases, which affected production and caused an offset in the Radar division of the company. Also, the Defense and Security division of Thalas Group, which offers radar solutions, also experienced operational disruptions due to COVID-19. However, several global and European coastal surveillance radar manufacturers managed to acquire contracts for their solutions, which facilitated the market growth in the region in 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 Europe 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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