Surveillance Radar Market: Soaring at a CAGR of 8.6%, Driven by Growth in Unmanned Systems and Infrastructure Modernization

Decipher the soaring growth rates and explore opportunities in the global surveillance radar market.

What Is The Projected Market Size Of The Global Surveillance Radar Market And Its Growth Rate?
The global surveillance radar market presents an encouraging picture with substantial growth over the years.
• The market size grew from $9.76 billion in 2024 to $10.69 billion in 2025, recording a CAGR of 9.5%.
• The key drivers behind this strong historic period growth include military defense development, air traffic control enhancement, and maritime surveillance advancements among others.
• Looking ahead, the market size is set to surge to $14.88 billion in 2029, growing at a CAGR of 8.6%.
• The growth factors playing a pivotal role in this forecast period include the rise in unmanned systems, growth in counter-drone technology, and adoption in smart cities to name a few.

What Is Driving The Growth In The Surveillance Radar Market?
The growth of the surveillance radar market is being propelled by increasing military expenditure. Adequate finance allocation by nations for the development and maintenance of defense measures is triggering the rise in military expenditure. This, in turn, drives the advancement of surveillance technologies and subsequently leads to the expansion of the surveillance radar market. For instance, North American military spending reached $904 billion in 2022, exhibiting an increment of 0.7% as compared to 2021, as reported by the Stockholm International Peace Research Institute. This upsurge in military expenditure significantly contributes to the growth of the surveillance radar market.

For an in-depth understanding, request a free sample copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=12380&type=smp

Who Are the Key Players Driving Surveillance Radar Market Growth?
The surveillance radar market is populated with several major companies, including:
• Raytheon Company
• The Boeing Company
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Honeywell International Inc.
• BAE Systems plc.

What Are The Key Trends In The Surveillance Radar Market?
Key emerging trends in the surveillance radar market include:
• Multi-functional radar systems
• Interoperability and networking
• Environmental sustainability
• Integration with 5G technology
• Persistent surveillance techniques

What Are The Segments Of The Global Surveillance Radar Market?
The surveillance radar market is categorized into several segments:
• Component: Antennas, Transmitters, Power Amplifiers, Receivers, etc.
• Radar Type: Short Range, Medium Range, Long Range
• Platform: Airborne, Ground, Space, Naval
• Application: Commercial, Military, National Security, Aerospace, Maritime, Other Applications

Which Region Leads The Surveillance Radar Market?
In 2024, North America dominated the surveillance radars market while Asia-Pacific is expected to witness the fastest growth during the forecast period. Other regions included in the surveillance radar market report are Western Europe, Eastern Europe, South America, Middle East, and Africa.

Pre-book the Surveillance Radar Market report for swift delivery: https://www.thebusinessresearchcompany.com/report/surveillance-radar-global-market-report

What Is Covered In The Surveillance Radar Market Global Market Report?

- Market Size Analysis: Analyze the Surveillance Radar Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Surveillance Radar Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Surveillance Radar Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Surveillance Radar Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

If the report does not meet your specific requirements, request customization: https://www.thebusinessresearchcompany.com/customise?id=12380&type=smp

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.