Press release
Surveillance Radar Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Surveillance Radar Market
What Is the Projected Growth of the Surveillance Radar Market?
There has been a significant increase in the scale of the surveillance radar market in the past few years. It's predicted that the market will expand from a value of $9.76 billion in 2024 to a value of $10.69 billion in 2025, which is a compound annual growth rate (CAGR) of 9.5%. The growth witnessed during the historical period can be ascribed to factors like evolution in military defense, improvements in air traffic control, advancements in maritime surveillance, progress in weather monitoring and forecasting, and early warning systems.
In the forthcoming years, the surveillance radar market is set to witness substantial growth, reaching a size of $14.88 billion by 2029 with a compound annual growth rate (CAGR) of 8.6%. Factors contributing to this predicted growth during the forecast period include the surge in unmanned systems, implementation in smart cities, advancements in counter-drone technology, modernization of infrastructure, and integration with remote sensing and satellite systems. Leading trends for the forecast period encompass multi-functional radar systems, networking and interoperability, commitment to environmental sustainability, synchronization with 5G technology, and continuous surveillance methods.
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What Are the Different Surveillance Radar Market 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
Subsegments:
1) By Antennas: Parabolic Antennas, Phased Array Antennas, Electronically Scanned Antennas
2) By Transmitters: Solid-State Transmitters, Magnetron Transmitters, Pulse Compression Transmitters
3) By Power Amplifiers: Solid-State Power Amplifiers (SSPAs), Traveling Wave Tube Amplifiers (TWTAs), Linear Power Amplifiers
4) By Receivers: Superheterodyne Receivers, Digital Receivers, Low-Noise Amplifiers (LNAs)
5) By Duplexers: Coaxial Duplexers, Waveguide Duplexers, Transmit Or Receive Switches
6) By Digital Signal Processors: Analog-To-Digital Converters (ADCs), Field Programmable Gate Arrays (FPGAs), Application-Specific Integrated Circuits (ASICs)
7) By Other Components: Display Systems, Cooling Systems, Mounting Structures
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What Are the Primary Drivers Shaping the Surveillance Radar Market?
Growth in the surveillance radar market is expected to be fuelled by escalating military spending. Military spending represents the fiscal resources a nation allocates towards building and sustaining its armed forces or other critical defense initiatives. The enhancement and infrastructure expansion of defense services are typically responsible for rising military expenditure. An uptick in military spending catalyzes research, development, and acquisition of cutting-edge surveillance technologies, consequently propelling technological progress and surveillance market expansion. For example, in April 2023, the Stockholm International Peace Research Institute, an independent international research organization based in Sweden that focuses on conflict, weaponry and armament research, reported that military spending in North America totaled $904 billion in 2022, marking a 0.7% rise from 2021. Therefore, the growth of the surveillance radar market is fundamentally fueled by an increase in military spending.
Which Companies Are Leading in the Surveillance Radar Market?
Major companies operating in the surveillance radar market include 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, RADA Electronic Industries Ltd., Kelvin Hughes Limited, Reutech Radar Systems, DeTect Inc., Blighter Surveillance Systems Ltd., Echodyne
What Are the Major Trends Shaping the Surveillance Radar Market?
Leading corporations in the surveillance radar market have shifted focus to the creation of cutting-edge systems, such as drone detection radar, to combat the emerging risks associated with unmanned aerial vehicles (UAVs). Drone detection radar is essentially a unique radar system programmed to identify and follow drones within specific airspace. For instance, Blighter Surveillance Systems, a U.K. based security system corporation, rolled out an affordable version of its Blighter B400 Series Doppler ground surveillance radar in September 2023, specifically geared towards key infrastructure markets such as airports. This contemporary radar brings the advantages of solid-state e-scan technology at a lower cost per square kilometer compared to currently available alternatives. It has been enhanced for boundary security and supports the incorporation of multiple radars and cameras, facilitating advanced alert mechanisms and restricted zones. The design of the radar has been optimized for the detection of small, slow-moving targets in congested environments, making it a viable choice for protecting crucial infrastructure.
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What Are the Top Revenue-Generating Geographies in the Surveillance Radar Market?
North America was the largest region in the surveillance radars market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surveillance radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Surveillance Radar Market?
2. What is the CAGR expected in the Surveillance Radar Market?
3. What Are the Key Innovations Transforming the Surveillance Radar Industry?
4. Which Region Is Leading the Surveillance Radar Market?
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