Report : North America 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)
X-Band Segment to Dominate North America Coastal Surveillance Radar Market during 2020–2028
According to a new market research study on “North America 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$ 390.38 million by 2028 from 269.77 US$ million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the North America coastal surveillance radar market along with the drivers and restraints pertaining to the market growth. Rising military expenditure is the major factor driving the growth of the North America coastal surveillance radar market. However, issues associated with rising usage of unmanned aerial vehicle (UAVs) for surveillance purposes hinders the growth of North America coastal surveillance radar market.
North America coastal surveillance radar market is segmented into band type, platform, end user and country. Based on band type, the North America 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 North America coastal surveillance radar market is segmented into shipborne, land based, airborne. Land based segment led the market in 2021. Based on end user, the North America 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 North America coastal surveillance radar market is segmented into US, Canada, and Mexico. US held the largest market share in 2021.
During the initial phases of the COVID-19 outbreak, many manufacturing units were shut or they were operating with a limited workforce. Moreover, restriction on travel led to disrupted supply of components and raw materials. These were among the major challenges faced by radar manufacturers in North America. However, defense-related manufacturers were allowed to continue their operations, and the governments also continued to provide aid to defense contractors. For instance, in 2020, the Federal Aviation Administration awarded NDI Recognition Systems for the second surveillance system after the successful delivery of the first—NDI Remote Surveillance System-Maritime—to the Department of Homeland Security’s Customs and Border Protection unit. Post experiencing a marginal drop in revenues, the coastal surveillance radar manufacturers started witnessing stable demand from the Q3 of 2020, which led the coastal surveillance radar market toward a positive growth trend.
Accipiter Radar Technologies Inc; 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 North America 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. For instance, in 2021, Raytheon Technologies Corporation announced the opening of a new 178,000 square-foot high-tech Advanced Integration and Manufacturing Center at McKinney, Texas, US which is product of a US$ 100 million investment made by Raytheon Technologies Corporation and McKinney Economic Development Corporation.
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