Emerging Technologies and Applications in the Surveillance Radar Market

Posted by Sandeep Roy on March 6th, 2023

The report "Surveillance Radars Market by Application (Commercial, National Security, Defense & Space), Platform (Land, Airborne, Naval, Space), Frequency Band (HF, UHF & VHF; L; S; C; X; Ku; Ka; Multi-bands), Dimension, Component, Region - Global Forecast to 2025", size is projected to grow from USD 8.0 billion in 2020 to USD 11.5 billion by 2025, at a CAGR of 7.6% from 2020 to 2025. The surveillance radar market is influenced by several factors, including increasing cross-border conflicts, high illegal immigration rates, and drug trafficking, leading to a rising demand for border security and detection systems. Additionally, ongoing modernizations of aircraft and ships, along with advancements in border surveillance systems, are expected to drive the market's growth. There is also a growing need for advanced air defense systems to detect and track airborne threats, which is further boosting the demand for surveillance radars in the market.

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Surveillance radars are widely used in various applications such as defense and space, air traffic control, weather monitoring, and others. The market for surveillance radars has seen significant growth in recent years and is expected to continue to expand in the coming years. The global surveillance radar market is dominated by major players such as Raytheon Technologies Corporation, Lockheed Martin Corporation, Hensoldt, Israel Aerospace Industries Ltd., and Leonardo S.p.A.

The COVID-19 pandemic has impacted the surveillance radar market, with industry experts predicting a 3% to 5% reduction in global production in 2020. Despite this setback, the defense and space segment is projected to lead the market share during the forecast period. The demand for 3D surveillance radars for air defense, border protection, and drone-based surveillance for intelligence, surveillance, and reconnaissance (ISR) is expected to drive growth in this segment.

The long-range radar segment is estimated to hold the largest market share during the forecast period. These radars are used for long-distance tracking and accurate location, and can engage multiple targets simultaneously while resisting electronic jamming. The X-band segment is also expected to lead the surveillance radar market, particularly in military applications, due to its better target resolution for long-range applications.

North America is projected to hold the highest market share in the surveillance radar market during the forecast period. Ongoing modernizations of aircraft, ships, and border surveillance systems, as well as increasing cross-border conflicts, illegal immigration rates, and drug trafficking, have led to significant investments in border security and detection systems by the US Homeland Security. For example, the US Customs and Border Patrol (CBP) is planning to install 10 surveillance towers across the Arizona border under a USD 26 million contract with Elbit Systems.

Overall, the surveillance radar market is expected to grow significantly in the coming years, with a particular focus on defense and space applications, long-range radar technology, and the X-band frequency segment.

News Also Covered: https://www.prnewswire.com/news-releases/surveillance-radars-market-worth-11-5-billion-by-2025--exclusive-report-by-marketsandmarkets-301113867.html

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Sandeep Roy

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Sandeep Roy
Joined: August 7th, 2019
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