Overview of the global territorial border and coastal surveillance system market

Market research analysts at Technavio predict that the global territorial border and coastal surveillance system market will grow steadily at a CAGR of more than 6% by 2021. This market research analysis identifies the intensification of maritime disputes among countries as one of the primary growth factors for this market. The increase in maritime disputes among nations has resulted in the rising focusing on the development of surveillance systems capabilities. There is a rising need for highly-advanced naval vessels with superior surveillance capabilities. Major and long-standing military and territory disputes between nations results in the strengthening of naval forces and the establishment of maritime bases across the territorial waters. Consequently, the navies of respective countries are developing and inducting improved SONAR systems to boost their surveillance capabilities.

The market research report identifies the emergence of open architecture surveillance systems as one of the key trends behind the growth of this market. This system enables the addition of new interfaces to the system and new modes of interaction in addition to the simplicity of design and connectivity with minimum cost. The open architecture is integral in the upgradation and modification of surveillance systems and enables the older systems to be retrofitted with newer components and prevents wastage of time. Additionally, this system also uses widely accepted hardware and software standards, well-defined interfaces, and standard application components to improve and modify the surveillance systems.

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Competitive landscape and key vendors

The market is moderately competitive and consists of few global and regional players offering differentiated products. The vendors compete on the basis of the technological upgrades, cost, quality, and reliability and the market is affected by factors such as varying economic conditions, the proliferation of illegal activities, and tension among neighboring countries. The vendors offer customized optimum and integral solutions depending on the geopolitical situations and changing military spending and buying pattern.

The leading vendors in the market are -

• Elbit Systems
• FLIR Systems
• General Dynamics
• Lockheed Martin
• Thales

The other prominent vendors in the market are Airbus Defense and Security, Controp, Saab, Signalis, and Textron System.

Segmentation by application and analysis of the territorial border and coastal surveillance system market

• Land based
• Airborne based
• Naval based

During 2016, the land based segment accounted for the major shares of this global market. Factors such as the rising demand for monitoring the flow of goods and people and the need to respond to consistent threats from international terrorism, cross-border crime, and illegal immigration, will contribute to the growth of this market segment in the coming years.

Geographical segmentation and analysis of the territorial border and coastal surveillance system market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the forecasted period. This is mainly due to the increasing investment towards the security of borders and the need to upgrade the surveillance systems on warships.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global territorial border and coastal surveillance system market?
• What are the key market trends impacting the growth of the global territorial border and coastal surveillance system market?
• What are the challenges to market growth?
• Who are the key vendors in the global territorial border and coastal surveillance system market?
• What are the market opportunities and threats faced by the vendors in the global territorial border and coastal surveillance system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global territorial border and coastal surveillance system market?

Technavio also offers customization on reports based on specific client requirement.

Territorial border and coastal surveillance system consist of all available systems and technologies used for the surveillance of territorial borders. This upcoming industry research report is an integral part of Technavio's aerospace and defense industry. Our market research reports for the aerospace and defense industry follow a rigorous data collection and analysis process to provide a clear-cut insight on the ever-important homeland security sector.

Various aspects of market intelligence such as market size, growth rate, and technological advancements are considered to accurately forecast the growth potential of the market for the period of 2017 to 2021. Furthermore, the research report helps the client in serving as an essential tool for corporate decision making. The upcoming market report on the territorial border and coastal surveillance also cover vendors such as Elbit System, Saab, Lockheed Martin, Thales, FLIR, Textron Systems, Airbus Defense and Security, Controp, and Signalis.

The upcoming research report also considers the growth of similar markets such as the global homeland security surveillance camera market, which is expected to grow at a CAGR of 6% for the forecast period of 2017 to 2021. According to our analysts, factors such as growing terrorist infiltration, smuggling of goods, and prevention of human trafficking are expected to impact the demand for these surveillance systems. By taking into consideration the fact that different region have different surveillance needs, the report also covers regions such as the Americas, APAC, and EMEA.

The upcoming report on the global territorial border and coastal surveillance also identifies key market drivers, emerging trends, technological advancements, and issues faced by the vendors in this industry. Furthermore, to provide a more realistic view of the market the report also gathers important insights from defense, aerospace, defense technology, and aerospace components sectors.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.