Global Surface Radars Market Size Study, By Platform (Critical Infrastructure, Vehicle-Mounted, Shipborne, Unmanned Surface Vehicles), By Application (Surveillance, Air-Defense, Perimeter Security, Battlefield ISR), By Frequency Band, By Dimension, and Re

The global surface radars market is valued at approximately USD 16.38 billion in 2023 and is anticipated to grow at a CAGR of 5.4% over the forecast period 2024-2032, reaching USD 26.30 billion by 2032. The volume of surface radar units is expected to increase from 4,690 units in 2024 to 6,113 units by 2032. The market is experiencing robust growth due to escalating border conflicts, security threats, and increasing investments in air defense, maritime surveillance, and critical infrastructure protection.

Governments worldwide are heavily investing in military modernization programs to improve threat detection, tracking, and reconnaissance capabilities. The integration of Advanced Electronically Scanned Array (AESA) radars, AI-powered detection systems, and multi-domain integration is revolutionizing military and homeland security operations. Moreover, increasing demand for counter-drone systems, battlefield ISR, and perimeter security solutions is driving the adoption of advanced surface radar technologies.

Technological advancements are further propelling market expansion. Innovations in stealth detection radars, quantum radar technology, and electronic warfare capabilities are transforming the effectiveness of radar systems against stealth aircraft, hypersonic missiles, and UAV threats. Major defense contractors and radar manufacturers are making substantial R&D investments to develop next-generation radar solutions to gain a competitive advantage in the global defense industry.

However, high costs of advanced radar systems, integration complexities, and regulatory challenges could act as restraints on market growth. Despite these challenges, ongoing geopolitical tensions, rising cross-border security concerns, and smart city initiatives are expected to drive sustained demand for surface radars across military and civilian applications.

The key regions considered for the global surface radars market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
• Asia Pacific is expected to dominate the market by 2024, with China, India, Japan, and South Korea leading in military modernization and regional defense spending. The growing need for airspace monitoring, maritime security, and missile defense capabilities is fueling market expansion.
• North America remains a major contributor, driven by the presence of key defense contractors, increasing demand for homeland security solutions, and the integration of AI-driven radar technologies in military operations.
• Europe is witnessing significant growth, with countries like the UK, Germany, and France investing in advanced radar systems for air defense, border security, and naval modernization.
• The Middle East is experiencing increased demand for high-performance radar systems due to geopolitical conflicts, growing threats from UAVs and missile attacks, and military collaborations with Western defense manufacturers.

Major Market Players Included in This Report:
• Lockheed Martin Corporation (US)
• RTX (US)
• BAE Systems (UK)
• Northrop Grumman (US)
• Israel Aerospace Industries (Israel)
• Thales (France)
• Saab AB (Sweden)
• Elbit Systems Ltd. (Israel)
• Aselsan A.S (Turkey)
• Bharat Electronics Limited (BEL) (India)
• Leonardo S.p.A. (Italy)
• L3Harris Technologies, Inc. (US)
• Indra (Spain)
• Teledyne FLIR LLC (US)
• Hensoldt (Germany)

The Detailed Segments and Sub-Segments of the Market are Explained Below:

By Platform
• Critical Infrastructure Protection Radars
• Vehicle-Mounted Radars
• Shipborne Radars
• Unmanned Surface Vehicles (USVs) Radars

By Application
• Surveillance & Reconnaissance
• Air Defense Systems
• Perimeter Security
• Battlefield ISR (Intelligence, Surveillance & Reconnaissance)
• Counter-Drone Operations
• Coastal & Maritime Surveillance

By Frequency Band
• L-Band
• S-Band
• C-Band
• X-Band
• Ku-Band
• Ka-Band
• Multi-Band & Hybrid Systems

By Dimension
• 2D Radars
• 3D Radars
• 4D Radars (Advanced Tracking Systems)

By Range
• Short-Range Radars (Up to 50km)
• Medium-Range Radars (50km - 200km)
• Long-Range Radars (Above 200km)

By Region

North America
• U.S.
• Canada
• Mexico

Europe
• UK
• Germany
• France
• Italy
• Spain

Asia Pacific
• China
• Japan
• India
• South Korea
• Australia

Latin America
• Brazil
• Argentina

Middle East & Africa
• Saudi Arabia
• UAE
• South Africa

Years Considered for the Study:
• Historical Year – 2022
• Base Year – 2023
• Forecast Period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 Years (2022-2032)
• Annualized Revenue and Regional-Level Analysis for Each Market Segment
• Competitive Landscape and Market Share of Key Players
• Analysis of Key Business Strategies and Recommendations for Future Market Approach
• Supply Chain and Demand-Side Analysis
• Emerging Technologies and Innovations in Surface Radar Systems

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.


Chapter 1. Global Sustainable Finance Market Executive Summary
1.1. Global Sustainable Finance Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Asset Class
1.3.2. By Offerings
1.3.3. By Investment Style
1.3.4. By Investor Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Sustainable Finance Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Sustainable Finance Market Dynamics
3.1. Market Drivers
3.1.1. Increasing Demand for ESG Investments
3.1.2. Regulatory Support & Government Initiatives
3.1.3. Technological Advancements in ESG Analytics
3.2. Market Challenges
3.2.1. Lack of Standardized ESG Metrics
3.2.2. Greenwashing Concerns in Sustainable Finance
3.3. Market Opportunities
3.3.1. Growth of Sustainable ETFs and Index Funds
3.3.2. Rise of Green Bonds and Climate Finance
3.3.3. Emerging ESG Regulations in Developing Markets
Chapter 4. Global Sustainable Finance Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends in Sustainable Finance
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Sustainable Finance Market Size & Forecasts by Asset Class (2022-2032)
5.1. Segment Dashboard
5.2. Global Sustainable Finance Market: Asset Class Revenue Trend Analysis (2022-2032)
5.2.1. Equities
5.2.2. Fixed-income
5.2.3. Multi-asset
5.2.4. Alternatives
Chapter 6. Global Sustainable Finance Market Size & Forecasts by Offerings (2022-2032)
6.1. Segment Dashboard
6.2. Global Sustainable Finance Market: Offerings Revenue Trend Analysis (2022-2032)
6.2.1. Equity Funds
6.2.2. Bond Funds
6.2.3. ETFs/Index Funds
6.2.4. Alternatives/Hedge Funds
Chapter 7. Global Sustainable Finance Market Size & Forecasts by Investment Style (2022-2032)
7.1. Segment Dashboard
7.2. Global Sustainable Finance Market: Investment Style Revenue Trend Analysis (2022-2032)
7.2.1. Active Investment
7.2.2. Passive Investment
Chapter 8. Global Sustainable Finance Market Size & Forecasts by Investor Type (2022-2032)
8.1. Segment Dashboard
8.2. Global Sustainable Finance Market: Investor Type Revenue Trend Analysis (2022-2032)
8.2.1. Institutional Investors
8.2.2. Retail Investors
Chapter 9. Global Sustainable Finance Market Size & Forecasts by Region (2022-2032)
9.1. North America Sustainable Finance Market
9.1.1. U.S.
9.1.2. Canada
9.1.3. Mexico
9.2. Europe Sustainable Finance Market
9.2.1. Luxemburg
9.2.2. Germany
9.2.3. UK
9.2.4. France
9.3. Asia-Pacific Sustainable Finance Market
9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. South Korea
9.3.5. Australia
9.4. Latin America Sustainable Finance Market
9.4.1. Brazil
9.5. Middle East & Africa Sustainable Finance Market
9.5.1. KSA
9.5.2. UAE
9.5.3. South Africa
Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. BlackRock, Inc.
10.1.2. JPMorgan Chase & Co.
10.1.3. Morgan Stanley
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. State Street Corporation
10.3.2. UBS
10.3.3. Franklin Templeton Investments
10.3.4. Amundi US
10.3.5. The Bank of New York Mellon Corporation
10.3.6. Deutsche Bank AG
10.3.7. Goldman Sachs
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
List of Tables
1. Global Sustainable Finance Market by Asset Class (2022-2032)
2. Global Sustainable Finance Market by Offerings (2022-2032)
3. Global Sustainable Finance Market by Investment Style (2022-2032)
4. Global Sustainable Finance Market by Investor Type (2022-2032)
5. Global Sustainable Finance Market by Region (2022-2032)
6. North America Sustainable Finance Market Growth Trends (2022-2032)
7. Europe Sustainable Finance Market Trends & Forecast (2022-2032)
List of Figures
1. Global Sustainable Finance Market Growth Outlook (2022-2032)
2. Sustainable Investments Growth by Region (2022-2032)
3. Regulatory Impact on Sustainable Finance Trends
4. Growth of ESG Funds and Green Bonds
5. Adoption Rate of Sustainable ETFs/Index Funds
6. Technological Innovations in ESG Data Analytics

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings