Global Surveillance Radar Market Scope 2024, Forecast To 2033
8 Mar, 2024
The surveillance radar market has shown strong growth, rising from $9.07 billion in 2023 to $9.96 billion in 2024, with a CAGR of 9.8%. This growth is attributed to factors such as military defense development and infrastructure modernization. Looking ahead, the market is expected to grow to $13.98 billion in 2028, with a CAGR of 8.8%. Key drivers include the rise of unmanned systems and the integration of radar with 5G technology. Emerging trends focus on environmental sustainability and persistent surveillance techniques, reflecting advancements in radar technology.
Global Surveillance Radar Market Key Driver
The surveillance radar market is poised for growth fueled by increasing military expenditure worldwide. As countries invest in modernizing and enhancing their defense capabilities, the demand for advanced surveillance technologies continues to rise. For example, in 2022, North American military spending reached $904 billion, reflecting a 0.7% increase from the previous year. This surge in expenditure drives research, development, and procurement of surveillance radar systems, stimulating technological advancements and market expansion. Thus, the surveillance radar market is expected to experience significant growth driven by ongoing military modernization efforts globally.
Get A Free Sample Of The Global Surveillance Radar Market ReportGlobal Surveillance Radar Market Segments
The surveillance radar market covered in this report is segmented –
1) Component:Antennas, Transmitters, Power Amplifiers, Receivers, Duplexers, Digital Signal Processors, Other Components
2) Radar Type:Short Range, Medium Range, Long Range
3) Platform:Airborne, Ground, Space, Naval
4) Application:Commercial, Military, National Security, Aerospace, Maritime, Other Applications
By Geography: The countries covered in the surveillance radar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the surveillance radars market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surveillance radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Surveillance Radar Industry Players
Raytheon Company; The Boeing Company; Lockheed Martin Corporation; Northrop Grumman Corporation; Honeywell International Inc.; BAE Systems plc.; Thales Group; Leonardo S.p.A; L3HARRIS Technologies Inc.; Serco Group plc; Elbit Systems Ltd.; Israel Aerospace Industries Ltd.; SAAB AB; FLIR Systems Ltd.; ASELSAN A.S.; Hensoldt AG; Cobham plc; SRC Inc.; Therma A/S; Telephonics Corporation; Exelis Inc.; RADA Electronic Industries Ltd.; Kelvin Hughes Limited; Reutech Radar Systems; DeTect Inc.; Blighter Surveillance Systems Ltd.; Echodyne.
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Surveillance Radar Market Overview
Surveillance radar is an apparatus that uses radio wave pulses to emit and receive echoes to detect aircraft. It is used to detect and display the presence and position of aircraft in the terminal area.