Report : Middle East and Africa Coastal Surveillance Radar Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Band Type (X-Band, S-Band, X and S-Band, and Others), Platform (Ship Borne, Land Based, and Airborne), and End User (Ports Harbor Oil and Gas Companies, and Maritime Patrol Agencies)
Maritime Protection Agencies Segment to Dominate MEA Coastal Surveillance Radar Market during 2020–2028
According to a new market research study on “MEA Coastal Surveillance Radar Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Band Type, Platform, and End User” is expected to reach US$ 122.20 million by 2028 from 95.86 US$ million in 2021. The market is estimated to grow at a CAGR of 3.5% from 2021 to 2028. The report provides trends prevailing in the MEA coastal surveillance radar market along with the drivers and restraints pertaining to the market growth. Military Expenditure in MEA is surging is the major factor driving the growth of the MEA coastal surveillance radar market. However, issues associated with poor infrastructure in growing countries hinders the growth of MEA coastal surveillance radar market.
MEA coastal surveillance radar market is segmented into band type, platform, end user and country. Based on band type, the MEA 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 MEA coastal surveillance radar market is segmented into shipborne, land based, airborne. Land based segment led the market in 2021. Based on end user, the MEA 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 MEA coastal surveillance radar market is segmented into Saudi Arabia, South Africa, UAE, and rest of MEA. Rest of MEA held the largest market share in 2021.
The COVID-19 pandemic has had a negative impact on the supply side of the MEA coastal surveillance radar market, owing to the disruption in the supply chain of radar and related components. Despite the economy's downfall, the regions' governments continued to invest in communication, navigation, and surveillance systems in 2020 and 2021 due to the highly volatile border situations. For instance, in May 2020, US DoD approved the possible sale of Maritime Domain Awareness (MDA) system and related equipment to Egypt for ~US$ 417 million. Further, in April 2021, Advanced Technology Systems Company received a contract to provide Maritime Domain Awareness System to Egypt. Unlike the disruptions in supply chains, which led to extended lead and delivery time of coastal surveillance radar in 2020, the coastal surveillance radar market players managed to meet the stipulated lead and delivery timeline from Q1 of 2021.
Accipiter Radar Technologies Inc; ASELSAN A.?; Limited; Elbit Systems Ltd.; HENSOLDT; Israel Aerospace Industries Ltd.; L3Harris Technologies, Inc.; Raytheon Technologies Corporation; Teledyne FLIR LLC; Terma A/S; and Thales Group are among the leading companies in the MEA coastal surveillance radar market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
Contact Person: Sameer Joshi
Email Id: email@example.com