Surveillance Radar Market
Surveillance Radar Market Size was valued at USD 6.25billion in 2022. The Surveillance Radar market industry is projected to grow from USD6.874375 billion in 2023 to USD 12.17173341 billion by 2030, exhibiting compound annual growth rate (CAGR) of 9.99% during the forecast period (2023 - 2030).
The increasing need for enhanced situational awareness and rising defense expenditures are primarily driving the growth of the market. Additionally, the adoption of advanced border surveillance systems is further driving the growth of the market.
Market USP
The increasing need for situational awareness. Surveillance Radar Market critical infrastructure areas such as airports, military installations, borders, refineries and other critical industries.
Growth Opportunities in the Market
The Antennas Segment Is Expected to Grow at the Highest Rate: The antennas segment is expected to register the highest CAGR during the forecast period, 2019 to 2030. The antenna is a crucial component in the radar systems. The antenna transfers the transmitter energy at the required efficiency. This process is carried out identically during reception.
The Land Segment Accounted for the Largest Share in 2019: The land segment accounted for the largest Surveillance Radar Market share in 2019. This is due to the increasing use of land-based radar systems and solutions for many defense applications such as intelligence, tracking, surveillance, and missiles and fire control. The airborne segment is expected to register the highest CAGR during the forecast period.
The Defense & space segment is expected to witness the highest growth in the market: The defense & space segment accounted for the largest surveillance radar market share in 2019 and is expected to register the highest CAGR during the review period. This is due to the increasing demand for surveillance radar systems for threat intelligence & response management, military situational awareness, and identity & access management.
The commercial applications segment is expected to register a high CAGR during the forecast period.
Key Players
Leading Surveillance Radar Market Players are extensively spending in R&D to broaden their product offerings.
· Aselsan AS (Turkey)
· Blighter Surveillance Systems Ltd (UK)
· DeTect Inc. (US)
· Elbit Systems Ltd. (Israel)
· Flir Systems, Inc. (US)
· GEM Elettronica (Italy)
· L3 Harris Technologies (US)
· Israel Aerospace Industries Ltd (Israel)
· Leonardo Spa (Italy)
· Lockheed Martin Corporation (US)
Other Prominent Players
· Hensoldt (Germany)
· Honeywell International Inc. (US)
· Raytheon Company (US)
· Saab AB (Sweden)
· Thales Group (France)
Table Of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Surveillance Radar Market, By Type
1.1.2. Global Surveillance Radar Market, By Component
1.1.3. Global Surveillance Radar Market, By Platform
1.1.4. Global Surveillance Radar Market, By Frequency Band
1.1.5. Global Surveillance Radar Market, By Application
1.1.6. Global Surveillance Radar Market, By Region
2. Market Introduction
2.1. Market Definition
2.2. Scope Of the Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
4. Market Insights
5. Market Dynamics
5.1. Introduction
5.2. Drivers
5.2.1. Advancement In Border Surveillance Systems
5.2.2. Increasing Defense Expenditure
5.2.3. Increasing Need for Missile Detection Systems
5.2.4. Drivers Impact Analysis
5.3. Restraints
5.3.1. High Costs of Installation and Operation
5.3.2. Restraint Impact Analysis
5.4. Opportunities
5.4.1. Increased Investments in Advanced Surveillance Technologies
5.5. Market/Technological Trends
5.6. Patent Trends
5.7. Regulatory Landscape/Standards
Surveillance Radar Market Research Report: Information By Type (Battlefield Surveillance Radars, Ground-Based Space Surveillance Radars, Ground-Based Air Surveillance Radars, Coastal Surveillance Radars, Airport Surveillance Radars, Air-To-Air Surveillance Radars, Space-Based Radars and Shipborne Surveillance Radars), Component (Antennas, Transmitters, Duplexers, Power Amplifiers, Receivers and others), Platform (Land, Naval, Airborne and Space), Frequency Band (UHF- & VHF-Bands; L-Band; C-Band; S-Band; X-Band and K-), Application - Forecast till 2030
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