Press release
Surveillance Radar Industry Growth Outlook: 8.3% CAGR and $14.57 Billion by 2029
Surveillance Radar
What Is the Long-Term Growth Forecast for the Surveillance Radar Market Size 2025?
The market size for surveillance radars has seen a significant expansion in recent times. It is projected to increase from $9.76 billion in 2024 to a bigger size of $10.59 billion in 2025, thereby registering a compound annual growth rate (CAGR) of 8.5%. Factors contributing to the progression in the past include advancements in military defense, improvements in air traffic control, growth in maritime surveillance, developments in weather monitoring and forecasting, and the evolution of early warning systems.
What CAGR is Forecasted for the Surveillance Radar Market Through 2029?
The market size of surveillance radar is predicted to witness robust growth in the following years. It's expected to reach a size of $14.57 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 8.3%. Factors contributing to this growth in the projected period include the surge in unmanned systems, their usage in smart cities, the evolution of counter-drone technology, infrastructure modernization, remote sensing, and satellite integration. The forecast period too is characterized by key trends such as multi-functional radar systems, interoperability and networking, focus on environmental sustainability, integration with 5g technology, and consistent surveillance practices.
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What Are the Critical Factors Driving Surveillance Radar Market Development?
The upswing in spending on military endeavors is projected to drive the surveillance radar market's expansion in the future. The term military spending refers to the amount of financial allocations a nation assigns towards erecting and sustaining its armed personnel or other crucial defense setups. The main push behind the rise in military spending comes from the overhaul and infrastructural advancements made in the defense services. Higher military budgets stimulate the research, creation, and acquisition of modern surveillance technologies, paving the way for technological breakthroughs and market expansion in the surveillance domain. For example, the Stockholm International Peace Research Institute, an autonomous international organization based in Sweden that conducts research into warfare, weaponry, and arms, reported in April 2023 that military expenditure in North America stood at $904 billion in 2022 - a 0.7% jump relative to 2021. Hence, the surge in military spending is the driving force behind the surveillance radar market's growth.
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How Does the Surveillance Radar Market Break Down Across Major 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
What Are the Major Trends Transforming the Surveillance Radar Industry?
Prominent organizations in the surveillance radar market are focusing their efforts on devising innovative systems such as drone detection radar, in response to increasing risks from unmanned aerial vehicles (UAVs). Drone detection radar is a bespoke radar system developed to identify and monitor drones or UAVs within a particular airspace. For instance, Blighter Surveillance Systems, a security system firm based in the UK, launched a more affordable variant of its Blighter B400 Series Doppler ground surveillance radar in September 2023, catered particularly to critical infrastructure markets, including airports. This novel radar provides solid-state e-scan technology advantages at a lesser price per square kilometer than the current alternatives. Upgraded for perimeter security, it supports the integration of multiple radars and cameras and facilitates advanced alert systems and exclusion zones. The design of this radar enhances the detection of small, slow-moving subjects in cluttered settings, making it perfectly suited for critical infrastructure security.
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Which Players Are Driving Innovation 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
Which Regions Are Driving Global Surveillance Radar Market Expansion?
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
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