HOME › Research Insight › Contracts and Agreements are Among the Key Strategies Adopted by Leading Market Players to Catalyze Their Growth in the Coastal Surveillance Market
Contracts and Agreements are Among the Key Strategies Adopted by Leading Market Players to Catalyze Their Growth in the Coastal Surveillance Market
In 2016, the coastal surveillance market was dominated by Northrop Grumman Corporation (U.S.), Thales Group (France), Terma A/S (Denmark), Kongsberg Gruppen (U.K.), SAAB AB (Sweden), Elbit Systems Ltd. (Israel), and Indra Sistemas S A,(Spain) These players are projected to continue their dominance till 2021 in coastal surveillance market. Contracts and, agreements and expansions are among the most important strategies adopted by the leading coastal surveillance market players to strengthen and sustain their positions in the coastal surveillance market.
Northrop Grumman is one of the leading player in the coastal surveillance market. In 2015, Northrop Grumman Corporations Sperry Marine business unit received a contract to upgrade the radar and ECDIS systems on more than 80 Maersk Line vessels. The upgrade program ensures that the vessels are equipped with a broad array of advanced navigation systems which significantly improve situational awareness in addition to providing safe navigation for the crew. The coastal surveillance system offers comprehensive, real-time situational awareness, communication, and interoperability.
Saab AB (Sweden) focuses majorly on R&D activities, which involve applied research, new product & systems development, and concept studies. Investments in R&D remain a priority for the company. With a lavish product portfolio, the company focuses on forging partnerships with various other companies across regions to represent, promote, and include its products in their respective portfolios. In addition, the company consistently develops and designs new products for end-users in coastal surveillance market. It has been receiving contracts since 2013, especially military contracts, which have strengthened its business reach. For instance, Saab AB introduced its new electronically scanned array (AESA) radar, Sea Giraffe 1X, having simultaneous surface and air surveillance capabilities. This is an ideal radar for small patrol vessels that play a vital role in U.S. maritime security. The radar system includes Saab’s Enhanced Low, Slow and Small (ELSS) surveillance function which allows the detection and classification of small, low-flying, slow-moving air targets, while concurrently conducting its full suite of other air and surface reconnaissance duties.
Other companies in such as the Thales Group (France), Terma A/S (Denmark), Kongsberg Gruppen (U.K.), Elbit Systems Ltd. (Israel), and Indra Sistemas S A (Spain), among others, are prominent contributors to the overall coastal surveillance market. These companies are focusing on strategies, such as contracts and agreements, to strengthen their competitive positions in the coastal surveillance market, with special focus on global emerging markets.
Coastal Surveillance Market by Application (C2, Communication, Computers, Intelligence, Surveillance & Reconnaissance, and Electronic Warfare), End Use (Naval, Coast Guard), Structure (National, Regional, and Port), Scale - Global Forecast to 2021
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