Surveillance Radars Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Surveillance Radars Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Surveillance Radars Market

The surveillance radars market size was valued at USD 8.90 billion in 2022, and the market is now projected to grow from USD 9.90 billion in 2023 to USD 19.94 billion by 2030, exhibiting a CAGR of 10.5% during the forecast period of 2023-2030.

The war between Russia and Ukraine has concerned the capacity of the world-wide economy. The war between the two countries resulted in economic sanctions from numerous countries increasing commodity prices, and supply chain disturbances that affected numerous markets universally. The war between Russia and Ukraine has inclined a new way of using defence expenditure and buying.

Airport radars are in rising demand and used in airports to decrease misfortunes. As radar technology improves the air travel becomes more effective and harmless. Governments have made huge investments to upsurge internal security, presenting enormously refined airport radars. Also, the growth of new and existing airports is one of the key issues motivating the global surveillance radars market growth.

AESA radar is used widely to upgrading and switch older radar technology. The AESA plan uses a modular idea growing its dependability. Failure of a precarious TR module does not render the whole radar unusable and the system can be re-established by substituting the module rapidly. AESA radar technology uses a new generation of Trans-Receive (TR) modules and high-performance software-defined radios (SDRs) that can also be used for radio communications at very high statistics tariffs.

Comprehensive Analysis of Surveillance Radars Market

The market can be segmented in various ways depending on the focus of study such as by platform, type and by application. Based on the application, the market is segmented into commercial, defense, homeland security, and others. By platform, the market is segmented into airborne, ground, space, and naval. Based on the type, the market is segmented into short-range, medium-range, and long-range.

Asia Pacific region is dominating the surveillance radars market share due to rising demand for progressive naval radars from emerging countries. Moreover, demand for airborne missile systems from defense services in the region has assisted market progression.

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and growing market share by merger, partnerships and others. These players include BAE Systems Plc (U.K.), Hensoldt AG (Germany), Leonardo S.p.A. (Italy), Honeywell International (U.S.), Lockheed Martin Corporation (U.S.), L3 Harris Technologies Inc. (U.S.), Northrop Grumman Corporation (U.S.), Raytheon Technologies Corporation (U.S.), SAAB AB (Sweden), Thales Group (France) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In February 2023, Hensoldt acquired a contract from CAE Aviation to deliver multi-functional surveillance radars for its surveillance aircraft.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 10.5% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Platform, Radar Type, Application, and Region

By Platform

Airborne

Ground

Space

Naval

By Radar Type

Short-Range

Medium-Range

Long-Range

By Application

Commercial

Defense

Homeland Security

Others

By Region

North America

- U.S. (By Platform)

- Canada (By Platform)

Europe

- U.K. (By Platform)

- Germany (By Platform)

- France (By Platform)

- Italy (By Platform)

- Russia (By Platform)

- Rest of Europe (By Platform)

Asia Pacific

- China (By Platform)

- Japan (By Platform)

- India (By Platform)

- South Korea (By Platform)

- Rest of Asia Pacific (By Platform)

Middle East & Africa

- UAE (By Platform)

- Saudi Arabia (By Platform)

- Israel (By Platform)

- Rest of Middle East & Africa (By Platform)

South America

- Brazil (By Platform)

- Argentina (By Platform)

- Rest of South America (By Platform)


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