Market Introduction
Europe includes France, Germany, Italy, Russia, the UK, and the Rest of Europe. The UK, Russia, France, and Germany have had a long-standing history of possessing a powerful military for the past century. In accordance with the past trends witnessed, the governments of these countries have supported the evolutions of a more sophisticated military power to establish themselves as a world superpower and negate any external threat to the respective country.
Allocation of dedicated budgets to the defense sector of the countries has been a significant trend witnessed in these countries, which is driving the adoption of high-tech and sophisticated arms & armaments and border monitoring solutions to strengthen the military force. Most of the NORDIC countries of Europe and the UK boast of a long coastline surrounding the country's homelands. Norway, Greenland, Greece, the UK, and Italy are the countries in Europe having the lengthiest coastlines. Further, Europe's maritime regions are home to more than half of the population of entire Europe and account for half of the GDP of Europe. Fish farming, maritime, and oil & gas rigging are the major activities carried out at these Mediterranean coasts. Safety & security for the peaceful operations of these occupations is necessary, and thus, the coastal surveillance radar systems prove to be of great use to the European coastal guards. For example, in November 2018, the European Union Maritime Safety Agency awarded a contract to Elbit Systems Ltd. to supply a long-range unmanned maritime surveillance system tailored for littoral and blue water operations. These factors are constantly contributing to the growth of the market.
Germany, the Netherlands, the UK, and Poland are among the worst-hit countries in the region. The western region has numerous communication and surveillance system manufacturers. Despite the economic downfall faced by economies in the region, allocation of funds for defense budgets was on the higher side in 2020 across the region, which subsequently did not affect the coastal surveillance radar market from the demand side. The emergence of COVID-19 marginally impacted the communication and surveillance system manufacturers including coastal surveillance radars as some manufacturers had to operate with a partial workforce which impacted the coastal surveillance radar market from supply side. For instance, the production facilities of Terma A/S in Lystrup and Grenaa had COVID-19 cases which affected production which caused in offset in radar division of the company. Also, Thalas Group’s Defense and Security division which offers radars also experienced operational disruptions due to COVID-19. However, both the several coastal surveillance radar manufacturers as well as other European coastal surveillance radar manufacturers did acquire contracts for their solutions, which enabled the market to witness positive growth in region in 2020.
Strategic insights for the Europe 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 Europe 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.Europe Coastal Surveillance Radar Strategic Insights
Europe Coastal Surveillance Radar Report Scope
Report Attribute
Details
Market size in 2021
US$ 391.13 Million
Market Size by 2028
US$ 592.62 Million
Global CAGR (2021 - 2028)
6.1%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Band Type
By Platform
By End User
Regions and Countries Covered
Europe
Market leaders and key company profiles
Europe Coastal Surveillance Radar Regional Insights
Market Overview and Dynamics
The coastal surveillance radar market in Europe is expected to grow from US$ 391.13 million in 2021 to US$ 592.62 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The integration of emerging technologies like 3D imaging and sensor technology is enhancing the efficiency of the coastal surveillance radar systems, thereby influencing the adoption of these systems. The sensor technology integration with the surveillance radar systems enables detection of any abnormal activities across the coastal in real-time and alerts the security personnel to act accordingly. Similarly, the 3D imaging technology integration with radar systems provides a clear picture of short-range air targets such as aircraft and UAVs. TERMA, for instance, has incorporated sensor technologies in all its coastal surveillance radar systems. This technology aids in the capture of fully automatic volume surveillance and the early detection and tracking of several air and surface objects at the same time. It also gives a clear view of surrounding waterways, including merchant vessels, small boats, jet skis, planes, helicopters, ultralights, and other non-cooperative targets.
Key Market Segments
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.
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 Europe 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
Europe
Coastal Surveillance Radar Market
Segmentation
Europe Coastal
Surveillance Radar
Market -
By Band Type
Europe Coastal Surveillance Radar Market - By
Platform
Europe Coastal Surveillance Radar Market - By End User
Europe Coastal Surveillance Radar Market - By Country
Europe Coastal Surveillance Radar Market - Company Profiles
The Europe Coastal Surveillance Radar Market is valued at US$ 391.13 Million in 2021, it is projected to reach US$ 592.62 Million by 2028.
As per our report Europe Coastal Surveillance Radar Market, the market size is valued at US$ 391.13 Million in 2021, projecting it to reach US$ 592.62 Million by 2028. This translates to a CAGR of approximately 6.1% during the forecast period.
The Europe 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 Europe Coastal Surveillance Radar Market report:
The Europe Coastal Surveillance Radar Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Coastal Surveillance Radar Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Coastal Surveillance Radar Market value chain can benefit from the information contained in a comprehensive market report.