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Satellite Space

Maritime Surveillance Market Coronavirus (COVID-19) : News and Impact Analysis (2020-2026)

Leading players in the market-

  • Kongsberg
  • Bharat Electronics
  • Raytheon
  • SAAB
  • SRT Marine Systems Plc
  • TERMA
  • Elbit Systems
  • Indra
  • Thales Group
  • Furuno

Allied Market Research published a report, titled, “Global Maritime surveillance Market by Application (Naval, Coast Guard, and Others), Component (Radar, Sensors, AIS Receiver, and Others), and Type (Surveillance & Tracking, Detectors, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global maritime surveillance industry was estimated at $19.20 billion in 2018 and is expected to hit $40.61 billion by 2026, registering a CAGR of 9.5% from 2019 to 2026.

Drivers, restraints and opportunities

Increase in maritime safety awareness and rising trade and freight transport activities fuel the growth of the global maritime surveillance market. On the other hand, high integration & maintenance cost curtails down the growth to some extent. However, supportive growth through regulatory compliance and rise in military spending are expected to create a number of lucrative opportunities in the near future.

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The coastguard segment to lead the trail by 2026

Based on application, the coastguard segment contributed to more than four-fifths of the global maritime surveillance market share in 2018, and is expected to dominate from 2019 to 2026. Rise in governments funding for coastguard security is the major factor boosting the growth of the segment. The naval segment, on the other hand, would register the fastest CAGR of 12.8% throughout the study period. Rise in sea borne threats and ambiguous maritime security is creating demand for real time monitoring at sea, which has driven the growth of the segment.

The radar segment to maintain the lion’s share during the estimated period

Based on component, the radar segment accounted for more than two-thirds of the global maritime surveillance market revenue in 2018, and is anticipated to rule the roost by the end of 2026. Radar is the main component for surveillance, which has augmented the growth of the segment. At the same time, the sensors segment is anticipated to grow at the fastest CAGR of 9.75% during the estimated period. Use of mobile and fixed sensor station-based solutions for surveillance and rising use of different sensors such as imaging sensors, low-light-level/midwave-IR range sensors to enhance the detection rate under specific diurnal and environmental conditions propel the growth of the segment.

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Asia-Pacific, followed by Europe and North America, to dominate in terms of revenue

Based on geography, the region across Asia-Pacific held the major share in 2018, generating more than two-fifths of the global maritime surveillance market. Rising sale & production of surveillance equipment, high need of security at coastlines along with continuous adoption of trending technologies are leading to the growth of the market. Simultaneously, Europe is projected to cite the fastest CAGR of 10.8% throughout the forecast period. Adoption of automated technology in marine industry, and constant development and latest innovation in different components of surveillance are the prime factors propelling the growth of the market in the region. At the same time, North America would showcase the second highest CAGR of 9.8% from 2019 to 2026.

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Categories
Satellite

Maritime Surveillance Market COVID-19 Impact, Size, Status and Forecast 2020-2026

Allied Market Research published a report, titled, “Global Maritime surveillance Market by Application (Naval, Coast Guard, and Others), Component (Radar, Sensors, AIS Receiver, and Others), and Type (Surveillance & Tracking, Detectors, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global maritime surveillance industry was estimated at $19.20 billion in 2018 and is expected to hit $40.61 billion by 2026, registering a CAGR of 9.5% from 2019 to 2026.

Maritime Surveillance Market to Reach $40.61 Bn, Globally, by 2026 at 9.5% CAGR: Allied Market Research

Drivers, restraints and opportunities

Increase in maritime safety awareness and rising trade and freight transport activities fuel the growth of the global maritime surveillance market. On the other hand, high integration & maintenance cost curtails down the growth to some extent. However, supportive growth through regulatory compliance and rise in military spending are expected to create a number of lucrative opportunities in the near future.

Request Sample Report at:   https://www.alliedmarketresearch.com/request-sample/6254

The coastguard segment to lead the trail by 2026

Based on application, the coastguard segment contributed to more than four-fifths of the global maritime surveillance market share in 2018, and is expected to dominate from 2019 to 2026. Rise in governments funding for coastguard security is the major factor boosting the growth of the segment. The naval segment, on the other hand, would register the fastest CAGR of 12.8% throughout the study period. Rise in sea borne threats and ambiguous maritime security is creating demand for real time monitoring at sea, which has driven the growth of the segment.

The radar segment to maintain the lion’s share during the estimated period

Based on component, the radar segment accounted for more than two-thirds of the global maritime surveillance market revenue in 2018, and is anticipated to rule the roost by the end of 2026. Radar is the main component for surveillance, which has augmented the growth of the segment. At the same time, the sensors segment is anticipated to grow at the fastest CAGR of 9.75% during the estimated period. Use of mobile and fixed sensor station-based solutions for surveillance and rising use of different sensors such as imaging sensors, low-light-level/midwave-IR range sensors to enhance the detection rate under specific diurnal and environmental conditions propel the growth of the segment.

Asia-Pacific, followed by Europe and North America, to dominate in terms of revenue

Based on geography, the region across Asia-Pacific held the major share in 2018, generating more than two-fifths of the global maritime surveillance market. Rising sale & production of surveillance equipment, high need of security at coastlines along with continuous adoption of trending technologies are leading to the growth of the market. Simultaneously, Europe is projected to cite the fastest CAGR of 10.8% throughout the forecast period. Adoption of automated technology in marine industry, and constant development and latest innovation in different components of surveillance are the prime factors propelling the growth of the market in the region. At the same time, North America would showcase the second highest CAGR of 9.8% from 2019 to 2026.

Inquire for 25 % discount on this report @   https://www.alliedmarketresearch.com/purchase-enquiry/6254

Leading players in the market-

  • Kongsberg
  • Bharat Electronics
  • Raytheon
  • SAAB
  • SRT Marine Systems Plc
  • TERMA
  • Elbit Systems
  • Indra
  • Thales Group
  • Furuno

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Categories
Market Reports

Global Maritime Surveillance Market 2020 Research Strategies, Trend and Future Development Status, Forecast by 2025

European maritime surveillance network reaches operational status

Global Maritime Surveillance Market 2020 by Company, Regions, Type and Application, Forecast to 2025 comprehensively provides information about the market introduction, market summary, global market revenue (revenue USD), market drivers, market restraints, market opportunities, competitive analysis, regional and country level. The report demonstrates the industry chain structure as well as macroeconomic environment analysis and development trends. The report interprets value chain structure, industrial environment along with regional analysis, application, market size, and forecast for 2020 to 2025 time-period. On the basis of intelligent analysis, the report determines investment opportunities and probable threats in the industry.

The market report is released with data tables as well as historical and forecast years represented with charts & graphs with easy to understand detailed analysis. The report covers the major details of the market, its future growth, prospects, and Industry demands analysis. The report throws light on the global Maritime Surveillance industry sizing trend by revenue & volume, current growth factors, facts, and industry-validated market development data. The report is categorized into its respective segments by company, by country, and by application/types containing well-structured data.

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NOTE: This report takes into account the current and future impacts of COVID-19 on this industry and offers you an in-dept analysis of Maritime Surveillance market.

Key Insights Enclosed in The Report:

The research study allows market professionals to stay tuned with the latest trends and segment performance. The report details growth drivers, emerging trends, market opportunities, and investment risks in various segments in the industry. Additionally, an industrial chain, market measurements regarding revenue, sales, value, capacity, regional market examination, section insightful information, and the market forecast is provided. The next section is dedicated to profiling key companies in the global Maritime Surveillance market along with the market shares they hold. Here competitors SWOT, product specifications, and peer comparison including variables such as gross margin, total revenue, segment revenue, employee size, net profit, total assets, etc are covered.

This report focuses on the global top players, covered: Northrop Grumman, Indra Sistemas, Lockhood Martin, Raytheon, Kongsberg, Thales Group, Bharat Electronics, Elbit Systems, SAAB, Furuno,

In market segmentation by types, the report covers: National Coastal Surveillance, Regional Coastal Surveillance, Port Coastal Surveillance

In market segmentation by applications, the report covers the following uses: , Naval, Coast Guard, Other

The regional segmentation includes the current and forecast demand for North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, UAE, Egypt and South Africa) with its further bifurcation into major countries.

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Important Facts About Global Maritime Surveillance Market Report:

  • This research report encompasses market overview, market share, demand and supply ratio, supply chain analysis, and import/export details.
  • The report has different approaches and procedures validated by key market players that enable efficient business decisions.
  • The report offers information such as production value, strategies adopted by market players and products/services they provide.

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