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(USGovernment-News.Com, June 13, 2017 ) Internal and external security threats, such as terrorism, civil unrest, illegal border infiltration, piracy, drug trafficking, and critical infrastructure demolition, urge countries to focus on fortifying maritime and border security. As coastal and border regions form the primary line of defense for any country, investments in maritime and border security are expected to result in substantial growth during the forecast period. In addition, several border conflicts among nations and increasing claims over natural resources and strategically important regions are expected to lead to a substantial increase in military spending in the market.
Publishers analysts forecast the global territorial border and coastal surveillance system market to grow at a CAGR of 6.20% during the period 2017-2021. For more information about this report: http://www.reportsweb.com/global-territorial-border-and-coastal-surveillance-system-market-2017-2021 . Covered in this report The report covers the present scenario and the growth prospects of the global territorial border and coastal surveillance system market for 2017-2021. To calculate the market size, the report considers the new installations, shipments, sales, volume, retrofit, replacement, spares, and aftermarket services.
The market is divided into the following segments based on geography: Americas APAC EMEA
Publisher's report, Global Territorial Border and Coastal Surveillance System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors Elbit Systems FLIR Systems General Dynamics Lockheed Martin Thales
Other prominent vendors Airbus CONTROP Saab TERMA Textron Systems Market driver Intensification of maritime disputes among countries For a full, detailed list, view our report
Market challenge Susceptibility toward cyber breach and hacking For a full, detailed list, view our report
Market trend Open architecture surveillance systems For a full, detailed list, view our report
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