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 key players operating in the Europe coastal surveillance radar market include Accipiter Radar Technologies Inc, ASELSAN A.Ş., Blighter Surveillance Systems Ltd, Easat Radar Systems Limited, and GEM elettronica. These companies adopt organic and inorganic growth strategies, such as high investments, product offerings, and Europe expansion, further creating growth opportunities for the Europe coastal surveillance radar market. Thus, continuous initiatives undertaken by major companies operating in the Europe coastal surveillance radar market are expected to propel the market's growth in the coming years.Germany, the Netherlands, the UK, and Poland are among the worst-hit countries in the region. Western Europe has numerous communication and surveillance system manufacturers. Despite the economic downfall faced by economies in the region in 2020, the allocation of funds for defense budgets was on the higher side in these countries. As a result, the demand side in the coastal surveillance radar market remained unaltered in that year. However, the emergence of COVID-19 marginally impacted the manufacturing of communication and surveillance systems, including coastal surveillance radars, as several manufacturers had to operate with a partial workforce; this hampered the supply-side performance in the market. For instance, the production facilities of Terma A/S in Lystrup and Grenaa reported COVID-19 cases, which affected production and caused an offset in the Radar division of the company. Also, the Defense and Security division of Thalas Group, which offers radar solutions, also experienced operational disruptions due to COVID-19. However, several global and European coastal surveillance radar manufacturers managed to acquire contracts for their solutions, which facilitated the market growth in the region in 2020.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe coastal surveillance radar market. The Europe coastal surveillance radar market is expected to grow at a good CAGR during the forecast period.
Europe Coastal Surveillance RadarMarket Revenue and Forecast to 2028 (US$ Million)
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Europe Coastal Surveillance Radar Market Segmentation
Europe Coastal Surveillance Radar Market – By Band Type
- X-Band
- S-Band
- X and S-Band
- Others
Europe Coastal Surveillance Radar Market – By Platform
- Ship Borne
- Land Based
- Airborne
Europe Coastal Surveillance Radar Market – By End User
- Ports Harbour Oil & Gas Companies
- Maritime Patrol Agencies
Europe Coastal Surveillance Radar Market, by Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Coastal Surveillance Radar Market - Companies Mentioned
- Accipiter Radar Technologies Inc
- ASELSAN A.Ş
- 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
- Thales Group
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 |
| CAGR (2021 - 2028) | 6.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Band Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
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- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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