By 2032, Global Surveillance Radars Market Size Estimated to Reach USD 18.65 Billion, at 7.84% CAGR: Polaris Market Research
Polaris Market Research has conducted a comprehensive 2023 research study spanning over [+115] pages, revealing that the global surveillance radars market was valued at USD 8.79 Billion in 2022. The study predicts that the market will grow at a compound annual growth rate (CAGR) of 7.84% and is expected to reach USD 18.65 Billion By 2032. The commercial segment is anticipated to grow at a significant CAGR over the forecast period due to the increased need for replacing outdated radar-based air traffic control systems with more modern ones. Some of the top market players are Aselsan, Blighter Surveillance, BAE Systems, DeTect, GEM Elettronica, Elbit Systems, FLIR Systems, Honeywell International, Harris Corporation and others.
New York, NY, April 25, 2023 (GLOBE NEWSWIRE) — Polaris Market Research has published a new research report titled “Surveillance Radars Market Share, Size, Trends, Industry Analysis Report, By Application Type (Commercial, National Security, Military & Defense, Perimeter security, ISR, Hostile Satellites, Aerospace, Maritime, and Others); By Platform; By Component; By Range; By Region; Segment Forecast, 2023-2032” in its research database.
“According to the latest research analysis, the global surveillance radars market size/share is anticipated to be valued at approximately USD 8.79 billion in 2022 and is projected to hit a revenue of around USD 18.65 Billion By 2032, at a CAGR of around 7.84% between 2023 and 2032.”
What are Surveillance Radars? How Big is Surveillance Radars Market?
Surveillance radar is a technology that sends out radio wave pulses and then detects aircraft based on the echoes received. It is utilized for various military and commercial purposes such as border surveillance, aircraft pilot aid, air traffic management at commercial airports, and many others.
The surveillance radars market size is rapidly growing with various military and commercial applications. It involves equipment that emits radio wave pulses to detect and track the movement of objects in the airspace. The market is driven by the modernization of defense forces, rising investments in research and development, technological advancements, and the increasing demand for cost-effective solutions.
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Our Sample Report Covers:
- 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Some of the Top Market Players Are:
- Blighter Surveillance
- BAE Systems
- GEM Elettronica
- Elbit Systems
- FLIR Systems
- Honeywell International
- Harris Corporation
- Israel Aerospace
- Lockheed Martin
- Raytheon Technologies
- Saab AB
- Thales Group
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Prominent Drivers of the Market
- Increasing modernization of defense forces: The modernization of defense forces is a top priority for many emerging nations. The demand for modernizing conventional military equipment has grown due to warfare and battlefield management changes.
- Growing demand for aircraft fleet modernization: The rise in new aircraft orders and the need for military aircraft fleet modernization projects are expected to develop the market. This is particularly true in regions such as the Middle East, where airlines and defense organizations expand their fleets and upgrade their existing systems to keep pace with modernization trends.
- Increase in contracts for modernizing military systems: The U.S. government and major defense businesses have increased their contracts for modernizing military systems, creating opportunities for surveillance radar manufacturers to provide innovative solutions for the military. As a result, the surveillance radars market sales are expected to experience rapid growth during the projected period.
- Advancements in surveillance radar technology: The increasing sophistication of surveillance radar equipment and the development of advanced digital signal processing techniques are improving the accuracy and resolution of surveillance radars.
- Growing use of unmanned aerial vehicles (UAVs): The growing use of UAVs for military and civilian applications is driving the demand for surveillance radars with enhanced detection and tracking capabilities for small and low-flying targets. Out of the rest surveillance radars market trends, this is expected to contribute to the market’s growth as manufacturers develop innovative solutions to meet the demand for advanced and reliable surveillance radar systems.
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Top Report Findings
- Increasing modernization of defense forces.
- The market is primarily segmented based on application, platform, component, range, and region.
- North America region dominates the market.
Top Trends Influencing the Market
- Adoption of AI and machine learning: Integrating artificial intelligence and machine learning algorithms allows real-time data analysis and decision-making, enhancing situational awareness and mission success. These are the key factors for the surveillance radars market growth.
- Increasing demand for border surveillance: The growing need to monitor borders for illegal activities such as smuggling and trafficking drives the demand for surveillance radars with high accuracy and long-range capabilities.
- Shift towards network-centric operations: The trend towards network-centric operations drives the demand for surveillance radars with integrated communication systems and data-sharing capabilities, allowing for enhanced coordination between different systems and platforms.
- Development of advanced digital signal processing: The development of advanced digital signal processing techniques is improving the accuracy and resolution of surveillance radars, allowing for better detection and tracking of targets in complex environments. Thus, leading to an increase in surveillance radars market share.
- In 2022, the military and defense segment was anticipated to experience the most rapid growth
Based on application from surveillance radars market segmentation, a shift in warfare and battlefield management has increased demand for modernizing traditional military and defense equipment. Upgrades are necessary to keep pace with technological advancements in combat, which is expected to drive market growth.
- Short-range surveillance segment held the largest market share in 2022
Largest market share in the short-range sector is due to its frequent use in ground-based industrial and military applications. In January 2022, Thales solidified its partnership with Weibel Scientific by purchasing 12 short-range ground-based mission radars from the Weibel Doppler XENTA series. As a result, the growing investment in purchasing short-range surveillance radars has boosted the segment’s growth.
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Surveillance Radars Market: Report Scope
|Revenue Forecast in 2032||USD 18.65 Billion|
|Market size value in 2023||USD 9.45 Billion|
|Expected CAGR Growth||7.84% from 2023 – 2032|
|Forecast Year||2023 – 2032|
|Top Market Players||Aselsan AS, Blighter Surveillance Systems Ltd., BAE Systems, DeTect Inc., GEM Elettronica Inc., Elbit Systems Pvt Ltd., FLIR Systems Ltd., Honeywell International Inc., Harris Corporation, Israel Aerospace Industries Ltd, Lockheed Martin Corporation, Leonardo S.P.A, Raytheon Technologies Incorporation, Saab AB, and Thales Group.|
|Segments Covered||By Application, By Platform, By Component, By Range, By Region|
|Customization Options||Customized purchase options are available to meet any research needs. Explore customized purchase options|
North America: The surveillance radars market demand in the North America region will increase as more European military organizations adopt advanced technology for conducting intelligence, surveillance, and reconnaissance tasks. The market was dominated by North America, mainly because of the significant players’ presence and the government’s initiatives to develop surveillance radar systems.
Middle East & Africa: The market share for advanced radar-based systems is highest in Israel and Saudi Arabia, which is expected to contribute to the market growth in the region. The projected period is expected to significantly increase the number of new aircraft orders by airlines in the United Arab Emirates, Saudi Arabia, the Middle East, and Africa, further driving the market’s growth.
Browse the Detail Report “Surveillance Radars Market Share, Size, Trends, Industry Analysis Report, By Application Type (Commercial, National Security, Military & Defense, Perimeter security, ISR, Hostile Satellites, Aerospace, Maritime, and Others); By Platform; By Component; By Range; By Region; Segment Forecast, 2023-2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/surveillance-radars-market
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- Saab received a contract modification in November 2022 to provide the US Navy with two additional AN/SPN-50(V)1 shipboard air traffic radar (SATR) systems.
Frequently Asked Questions:
- What are surveillance radars?
- What are the key drivers of the market?
- Which region is expected to dominate the market?
- What are the recent developments that took place in the market?
- What factors are responsible for the growth of the market?
Polaris Market Research has segmented the Surveillance Radars market report based on application, platform, component, range, and region:
By Application Outlook
- National Security
- Military & Defense
- Perimeter security
- Hostile Satellites
By Platform Outlook
- Combat aircrafts
- Unmanned Surface Vehicles
- Unmanned Aerial Vehicles
By Component Outlook
- Power Amplifiers
- Signal Processors
By Range Outlook
- Short Range Surveillance Radar
- Medium Range Surveillance Radar
- Long-Range Surveillance
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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About Polaris Market Research:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.
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