Increase in defence spending
and growing technological advancements are driving global multi-function mobile
coastal surveillance radar system market through 2024
According to
TechSci Research report, “Global Multi-Function Mobile
Coastal Surveillance Radar System Market By Platform, By Frequency
Band, By End Use, By Region, By Company, Competition, Forecast &
Opportunities, 2024”, the global multi-function mobile coastal
surveillance radar system market is forecast to cross $ 1.2 billion by 2024 on
account of increasing incidences of marine conflicts, piracy at the
sea, drug and human trafficking through the waterways. As many countries across
the globe are attempting to gain control over maritime assets like underwater
oil reserves and other offshore resources, traditional geopolitical disputes
are gradually exasperating. On the account of these growing disputes worldwide,
the demand for constant and efficient maritime surveillance is being emphasized
by all countries. For instance, one such prevailing dispute is China’s conflict
with its neighbors in the South China Sea and the Pacific Ocean, which is aiding
the demand for multi-function mobile coastal surveillance radar systems in the
South East Asian region to counter both surface and underwater threats from the
enemies by building naval strengths.
Browse XX market data Tables and XX Figures spread
through XXX Pages and an in-depth TOC on
" Global Multi-Function Mobile Coastal Surveillance Radar System
Market "
Global multi-function
mobile coastal surveillance radar system market can be segmented based on Platform,
Frequency Band, End Use and Region. Considering the End Use, the market can be
segmented into Ports, Harbours and Oil & Gas Vs. Maritime Protection. Maritime
Protection segment is anticipated to witness high traction in the coming years
on account of rising need for border surveillance and requirement of
man-portable radars for battlefield surveillance, terrorism-based activities,
among others. Furthermore, in terms of region, Asia-Pacific is anticipated to
witness the highest growth during the forecast period owing to the presence of
established manufacturers in the region and increasing demand for surveillance
radars for border surveillance, intelligence, and reconnaissance, and modern
air defense systems, among others.
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Northrop Grumman, General Electric, Wartsila, Kongsberg Grumman,
Marlink, AST Group, CMR Group, Cummins Inc., Emerson Electric Co., Hyundai
Heavy Industries Co., etc., are the leading players operating in the global
multi-function mobile coastal surveillance radar system market. “Global multi-function
mobile coastal surveillance radar system market is expected to grow at the steady
pace through 2024 that can be attributed to the growing need for 3D air defense
radars, rising demand for drone detection radars, and ongoing military modernizations,
globally. Furthermore, the key players in the market have shifted their focus
towards developing new multi-function mobile coastal surveillance radars with
advanced features such as 3D tracking, track-while-scan, digital signal
processing, and multi-beamforming antennas, among others, thereby propelling
the growth of global multi-function mobile coastal surveillance radar system.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Global Multi-Function Mobile Coastal
Surveillance Radar System Market By Platform, By Frequency Band, By End Use, By
Region, By Company, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global multi-function
mobile coastal surveillance radar system market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in global multi-function mobile coastal surveillance radar system
market.
Contact
Mr. Ken Mathews
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New York – 10017
Tel: +1-646-360-1656
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