Press release
Surveillance Radar Systems Market Size Projections Exhibit a CAGR of 8.8%, Likely to Attain a Value of USD 13.98 billion By 2033
Surveillance Radar
The surveillance radar market size is expected to see strong growth in the next few years. It will grow to $13.98 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to rise in unmanned systems, adoption in smart cities, growth in counter-drone technology, infrastructure modernization, remote sensing and satellite integration. Major trends in the forecast period include multi-functional radar systems, interoperability and networking, environmental sustainability, integration with 5g technology, persistent surveillance techniques.
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.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=12380&type=smp
Surge In Military Expenditure Fuels Growth In The Surveillance Radar Market
The increasing military expenditure is expected to propel the growth of the surveillance radar market going forward. Military expenditure refers to the quantity of financial resources allotted by a country to building and maintaining an armed force or other necessary defense measures. The modernization and infrastructure development of the defense services primarily drives the increasing military expenditure. Increased military expenditure drives research, development, and procurement of advanced surveillance technologies, leading to technological advancements and market growth in the surveillance industry. For instance, in April 2023, according to the Stockholm International Peace Research Institute, a Sweden-based independent international institute dedicated to research into conflict, armaments, and arms, the North American military spending amounted to $904 billion in 2022, an increase of 0.7% compared with 2021. Therefore, increasing military expenditure is driving the growth of the surveillance radar market.
Competitive Landscape -
Major companies operating in the surveillance radar market report are 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.
Innovation In The Surveillance Radar Market
Product innovation has emerged as a key trend gaining popularity in the surveillance radar market. Major companies operating in the surveillance radar market are concentrating on developing innovative products to strengthen their position in the market. For instance, in March 2021, Thales Group, a France-based technology company, launched the new digital secondary radar RSM-NG, a new meta-sensor for safer air traffic management. The RSM NG combines ADS-B and radar data (Mode S) for quicker track initialization and higher-quality, more reliable information. The radar can simultaneously share 64 data outputs with several air traffic control centers while tracking up to 2,000 flight paths. The radar uses cutting-edge digital technology to give airports superior performance, cyber protection, and reduced life-cycle costs.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/surveillance-radar-global-market-report
Key Segments -
The surveillance radar market covered in this report is segmented -
1) By Component: Antennas, Transmitters, Power Amplifiers, Receivers, Duplexers, Digital Signal Processors, Other Components
2) By Radar Type: Short Range, Medium Range, Long Range
3) By Platform: Airborne, Ground, Space, Naval
4) By Application: Commercial, Military, National Security, Aerospace, Maritime, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Surveillance Radar Systems Market Size Projections Exhibit a CAGR of 8.8%, Likely to Attain a Value of USD 13.98 billion By 2033 here
News-ID: 3472788 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Surveillance
Surveillance Unleashed: Trade Surveillance System Market to Garner $2.25 Billion …
As per the report published by Allied Market Research, the global trade surveillance system market was pegged at $780.26 million in 2020, and is anticipated to reach $2.25 billion by 2028, growing at a CAGR of 14.2% from 2021 to 2028.
➡️𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂 :
https://www.alliedmarketresearch.com/request-sample/A11313
Increase in need for safety and security of trading activities in financial institutes, strict regulatory compliance, and rise in adoption by organizations have…
Global Video Surveillance Storage Market Size Surges as Surveillance Infrastruct …
The video surveillance storage market size was valued at $12.3 billion in 2021, and is estimated to reach $39.5 billion by 2031, growing at a CAGR of 12.3% from 2022 to 2031.
Video surveillance storage is the process of storing real-time video data produced by surveillance cameras on a storage device. The data can then be retrieved at a later stage to examine the event or action as evidence of the…
Maritime Surveillance Market : Surveillance & Tracking, Detectors Industry Forec …
The global maritime surveillance market size was valued at $19.20 billion in 2018, and is projected to reach $40.61 billion by 2026, registering a CAGR of 9.5% from 2019 to 2026. By application, the coastguard segment was the highest revenue contributor in 2018, accounting for $17.07 billion, and is estimated to reach $34.47 billion by 2026, registering a CAGR of 8.9% during the forecast period. In 2018, the Asia-Pacific region…
Ads B Market Segmented by applications ATC surveillance, Airborne surveillance
Global ADS-B Market: Overview
ADS-B is an Automatic Dependent Surveillance–Broadcast system, an integral part for air traffic control. The ADS-B broadcasts important information such as aircraft velocity, position, and altitude at a set time intervals. The ADS-B functions by using a transponder to send accurate details of position to air traffic controllers. The ADS-B works by determining it position using GPS which is then broadcasted by transponder at intervals. The information…
Video Surveillance and VSaaS Market - Investing in Advanced Surveillance Network …
The recent attacks to national security and the rising crime activities worldwide have compelled governments to scrutinize their existing security measures. The demand for resilient and secure infrastructure is therefore at all-time high.
As governments and private organizations look for advanced technologies for improved security, the demand for video surveillance and VSaaS market will rise in response. Given the scenario, persisting investments in infrastructure such as railways, roads, airports, and…
Global Video Surveillance Market to grow at a CAGR of 24.08% by 2019 : Analog vi …
Video surveillance involves monitoring of premises with the help of cameras; it helps safeguard critical infrastructures, hardware, and networks. It captures movements of individuals and analyzes their behavior and, therefore, is a useful tool for law enforcement agencies dealing with terrorist elements. Video surveillance solutions enable proper integration among devices and centralize the overall surveillance paradigm. Video surveillance includes the following products:
Analog video surveillance
IP video surveillance
Equipment used for video surveillance…
