South America Coastal Surveillance Radar Market

Market Introduction

The South American economy is facing a lot of instability in the current times and poses a challenge to the developing economies. Yet, the growing share of the middle class in the region is expected to positively impact the growth of the military & defense sector in South America. Also, the governments of various countries in South America are investing the additional budget in defense to strengthen the military forces and safeguard their nations from any external threat. South American countries too are equipped with lengthier coastlines, and their coasts are anticipated to be the nodes of economic growth of the countries. South American countries are involved in trading several raw materials to the other parts of the world. Therefore, the ports, harbors, and coasts of the region play a vital role in defining the economy of the entire region. The security environment in South America and the Caribbean is characterized by complex, diverse, and non-traditional challenges.    

Brazil has recorded the highest number of COVID-19 cases in SAM, followed by Ecuador, Peru, Chile, and Argentina, among others. The containment measures affected all economic activities in the region in 2020, thereby affecting the overall GDP of the region. A decline in overall GDP in the region and a decrease in military spending in 2020 compared to 2019, the procurement of advanced surveillance systems, including coastal surveillance radars, lowered in 2020 compared to that in 2019. SAM also experienced the tremors of the supply-side disruption, which resulted in the delayed deliveries of coastal surveillance radar systems in 2020. However, as the supply lines were stabilized from 2021 and deliveries of coastal radars began meeting their stipulated delivery timelines. For instance, ELTA System, a subsidiary of IAI, was awarded a coastal surveillance radar contract by the Republic of Trinidad and Tobago with 3-year maintenance agreement in 2019, which was marginally affected upon the onset of COVID-19.          

South America Coastal Surveillance Radar Strategic Insights

Strategic insights for the South America 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.

South America Coastal Surveillance Radar Report Scope

South America Coastal Surveillance Radar Regional Insights

The geographic scope of the South America 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.

The coastal surveillance radar market in SAM is expected to grow from US$ 32.03 million in 2021 to US$ 37.68 million by 2028; it is estimated to grow at a CAGR of 2.3% from 2021 to 2028. Being strategically covered by the water on all sides, the region faces imminent threats from the pirates. Many reports suggest a rise in the pirate activities near the South American coasts by the pirates from Caribbean islands or the African islands. Pirate attacks around South American and Caribbean waters are growing, and violence is increasingly used during robberies committed on vessels at anchor. Fishers working on the oil-rich Lake Maracaibo have for years been the victims of frequent violent armed robberies, which have often resulted in the deaths of their colleagues. Over the past year, criminal groups in the area have continued to perpetrate such attacks while also increasingly targeting commercial maritime assets. Safeguarding the coasts for the fishermen to carry out their routine tasks without any hindrances is another major factor driving the demand for coastal surveillance radar systems installations at the Latin American ports & harbors. For instance, in April 2019, the Jamaican government ordered numerous Thales Coast Watcher 100 coastal surveillance systems to improve its capabilities. These investments by the various government across the region are expected to contribute to the growth of the coastal surveillance radar market.        

Key Market Segments

SAM coastal surveillance radar market is segmented into band type, platform, end user and country. Based on band type, the SAM 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 SAM coastal surveillance radar market is segmented into shipborne, land based, airborne. Land based segment led the market in 2021. Based on end user, the SAM 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 SAM coastal surveillance radar market is segmented into Based on country, the SAM coastal surveillance radar market is segmented into Brazil, Argentina, and rest of SAM. Brazil 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 SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Elbit Systems Ltd.; HENSOLDT; Israel Aerospace Industries Ltd.; Raytheon Technologies Corporation; Teledyne FLIR LLC; and Thales Group.          

Reasons to buy report

• To understand the SAM coastal surveillance radar market landscape and identify market segments that are most likely to guarantee a strong return.
• Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM coastal surveillance radar market.
• Efficiently plan M&A and partnership deals in SAM coastal surveillance radar market by identifying market segments with the most promising probable sales.
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM coastal surveillance radar market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM

Coastal Surveillance Radar Market

Segmentation

SAM Coastal

Surveillance Radar

Market -

By Band Type

• X-Band
• S-Band
• X and S-Band
• Others

SAM Coastal Surveillance Radar Market - By

Platform

• Ship Borne
• Land Based
• Airborne

SAM Coastal Surveillance Radar Market - By End User

• Ports Harbour Oil & Gas Companies
• Maritime Patrol Agencies

SAM Coastal Surveillance Radar Market - By Country

• Brazil
• Argentina  
• Rest of SAM

SAM Coastal Surveillance Radar Market - Company Profiles 

• Elbit Systems Ltd.
• HENSOLDT
• Israel Aerospace Industries Ltd.
• Raytheon Technologies Corporation
• Teledyne FLIR LLC
• Thales Group