Asia Pacific Coastal Surveillance Radar Market
Market Introduction
Geographically, APAC is consisting of China, India, Japan, South Korea, Australia, and the Rest of APAC. The APAC region is characterized by developing nations looking to stamp their authority over the world by developing powerful military units. China and India are some of the leading nations that have focused on strengthening their military over the years across the region. Setting up arms and armaments manufacturing bases in the country and enhancing the quality of vehicles used for army support has been a long-going responsibility of the respective governments. Apart from this, there have been growing political tensions among neighboring countries like India, China, and Pakistan. The strengthening of defense fleet size of various countries, such as China and India, is driving the coastal surveillance radar market. A few countries in the Asian region boast of the longest coastlines in the world. Indonesia, Australia, the Philippines, Japan, Turkey, China, and India have very long coastlines.
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.
Strategic insights for the Asia Pacific Coastal Surveillance Radar provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific Coastal Surveillance Radar refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Get more information on this report Asia Pacific Coastal Surveillance Radar Report Scope
Report Attribute
Details
Market size in 2021
US$ 175.83 Million
Market Size by 2028
US$ 280.71 Million
Global CAGR (2021 - 2028)
6.9%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Band Type
By Platform
By End User
Regions and Countries Covered
Asia-Pacific
Market leaders and key company profiles
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Market Overview and Dynamics
The coastal surveillance radar market in APAC is expected to grow from US$ 175.83 million in 2021 to US$ 280.71 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028. Smuggling and trafficking and carrying out illegal trades are highly prevalent in the Asian region. Tobacco, cigarettes, heroin, cocaine, and human trafficking are examples of illegal smuggling carried out on the vast expanses of the Indian Ocean. In the wake of such illegal activities, the coastal surveillance agencies of countries across the APAC region demand a more robust system for early threat detection. The use of coastal surveillance radar systems makes the tasks easier for the concerned authorities. For instance, in July 2020, the Malaysian government decided to install sea surveillance systems of over US$ 23.73 million (RM 100 million) to specifically monitor the waters of Langkawi and the east coast of the peninsula. These systems will function 24 hours to monitor all types of boat and ship movements across the region. Terma, TOKYO KEIKI INC., Bharat Electronic Limited (BEL), Furuno, and LIG Nex1 are leading players operating in the APAC coastal surveillance radar market.
Key Market Segments
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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the coastal surveillance radar market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.
Reasons to buy report
APAC
Coastal Surveillance Radar Market
Segmentation
APAC Coastal
Surveillance Radar
Market -
By Band Type
APAC Coastal Surveillance Radar Market - By
Platform
APAC Coastal Surveillance Radar Market - By End User
APAC Coastal Surveillance Radar Market - By Country
APAC Coastal Surveillance Radar Market - Company Profiles
The Asia Pacific Coastal Surveillance Radar Market is valued at US$ 175.83 Million in 2021, it is projected to reach US$ 280.71 Million by 2028.
As per our report Asia Pacific Coastal Surveillance Radar Market, the market size is valued at US$ 175.83 Million in 2021, projecting it to reach US$ 280.71 Million by 2028. This translates to a CAGR of approximately 6.9% during the forecast period.
The Asia Pacific Coastal Surveillance Radar Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Coastal Surveillance Radar Market report:
The Asia Pacific Coastal Surveillance Radar Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Coastal Surveillance Radar Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Coastal Surveillance Radar Market value chain can benefit from the information contained in a comprehensive market report.
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