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Coastal Surveillance Market Worth $34.34 Billion by 2021 - Increasing Demand For Better Command Through Updated ISR Functions - Research and MarketsResearch and Markets has announced the addition of the "Coastal Surveillance Market - Global Forecast to 2021" report to their offering. The coastal surveillance market is expected to grow from USD 29.08 billion in 2016 to USD 34.34 billion by 2021, at a CAGR of 3.38% from 2016 to 2021. The increasing demand for better command and control of a situation in coastal areas, at sea, and others through updated ISR (intelligence, surveillance & reconnaissance) functions and using the advanced computer is the main driver for the coastal surveillance market. The demand for national coastal surveillance is expected to have the largest market share in 2016. The port security segment is expected to grow at the highest CAGR during the forecast period. Increased theft and piracy incidents are the reason for the high growth rate. In 2016, North America dominates the coastal surveillance market, by region. Countries in this region include the U.S. and Canada. The U.S. focuses oninnovations obtained from R&D and technological advancements. The North American coastal surveillance market is mainly driven by factors such as the U.S. army's missions overseas (In Afghanistan, Iraq, & NATO) and to safeguard homeland security. The need to shorten mission cycle time and to reduce the number of casualties, the countries in North America are investing in coastal surveillance systems. Companies Mentioned:
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 Coastal Surveillance Systems Market, By End Use 8 Coastal Surveillance Systems Market, By Application 9 Coastal Surveillance Systems Market, By Structure 10 Coastal Surveillance Systems Market, By Scale 11 Regional Analysis 12 Competitive Landscape 13 Company Profiles For more information about this report visit http://www.researchandmarkets.com/research/27s95f/coastal Related Topics: Maritime View source version on businesswire.com: http://www.businesswire.com/news/home/20160921006106/en/ |
