The Surveillance Radars Market size was valued at US$ 10.02 Bn. in 2023. The global Surveillance Radars Market is estimated to grow at a CAGR of 8.1 % over the forecast period.
Surveillance Radars Market Overview
The Surveillance Radars market is growing rapidly, driven by increasing security concerns, advancements in radar technology, and a surge in demand for surveillance systems across various sectors such as defense, aerospace, and critical infrastructure. These radars are widely used for monitoring airspace, coastlines, borders, and critical facilities, helping detect and track potential threats in real time. The shift toward automated surveillance systems, coupled with the integration of artificial intelligence (AI) and machine learning (ML) for enhanced threat detection, is further propelling market expansion.
Market Forecast and Key Dynamics:
The Surveillance Radars market is expected to experience robust growth over the forecast period, driven by rising investments in defense and homeland security. Governments worldwide are enhancing their military capabilities, leading to higher adoption of surveillance radars for border security and aerial surveillance. The growing threat of terrorism, coupled with geopolitical tensions, is also increasing the need for advanced radar systems. Additionally, the development of multi-functional, cost-effective radars and the integration of AI for better data analytics are key dynamics pushing market growth.
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Surveillance Radars Market Regional Insights
North America holds a dominant share in the Surveillance Radars market, primarily due to the U.S.’s significant defense spending and advanced radar technology development. Europe is also a key player, with countries like the U.K., France, and Germany investing in defense modernization programs. In the Asia-Pacific region, growing geopolitical tensions, particularly in China and India, are driving demand for surveillance radars. The Middle East is another emerging region, where countries are ramping up security efforts, leading to increased investment in advanced surveillance systems.
Surveillance Radars Market Segmentation
by Radar Type
Short Range Surveillance Radar
Medium Range Surveillance Radar
Long-Range Surveillance Radar
by Platform
Land
Airborne
Naval
Space
by Component
Antennas
Transmitters
Duplexers
Power Amplifiers
Receivers
Signal Processors
Cameras
Others
By Application
Commercial
National Security
Military & Defense
Aerospace
Maritime
Others
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Surveillance Radars Market Key Players
Raytheon Technologies Corporation (US)
Lockheed Martin Corporation (US)
Hensoldt (Germany)
Israel Aerospace Industries Ltd. (Israel)
Leonardo S.p.A (Italy)
Elbit Systems Ltd. (Israel)
FLIR Systems Ltd. (US)
Saab AB (Sweden)
Thales Group (France)
Honeywell International Inc. (US)
BAE Systems (UK)
Terma A/S (Denmark)
Src, Inc. (US)
Reutech Radar Systems (South Africa)
Indra Company (Spain)s
Japan Radio Co. Ltd. (Japan)
Key questions answered in the Surveillance Radars Market are:
- What is Surveillance Radars?
- What was the Surveillance Radars market size in 2021?
- What is the growth rate of the Surveillance Radars Market?
- Which are the factors expected to drive the Surveillance Radars market growth?
- What are the different segments of the Surveillance Radars Market?
- What growth strategies are the players considering to increase their presence in Surveillance Radars?
- What are the upcoming industry applications and trends for the Surveillance Radars Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Surveillance Radars Market?
- What segments are covered in the Surveillance Radars Market?
- Who are the leading companies and what are their portfolios in Surveillance Radars Market?
- What segments are covered in the Surveillance Radars Market?
- Who are the key players in the Surveillance Radars market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2022-2027
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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