1. What is the projected Compound Annual Growth Rate (CAGR) of the Surveillance Radars Market?
The projected CAGR is approximately 10.5%.
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Surveillance Radars MarketSurveillance Radars Market by Platform (Airborne, Ground, Space, Naval), by Radar Type (Short-Range, Medium-Range, Long-Range), by Application (Commercial, Defense, Homeland Security, Others), by North America (U.S., Canada), by Europe (U.K., Germany, France, Italy, Russia, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Rest of Asia Pacific), by Middle East & Africa (UAE, Saudi Arabia, Israel, Rest of Middle East & Africa), by South America (Brazil, Argentina, Rest of South America) Forecast 2026-2034
The Surveillance Radars Market size was valued at USD 8.90 USD Billion in 2023 and is projected to reach USD 17.90 USD Billion by 2032, exhibiting a CAGR of 10.5 % during the forecast period. Surveillance radars are used to monitor various activities in critical infrastructure and facilities such as airports, camps, borders and ports. These radars help detect and track moving, non-linear and uncooperative targets while complying with national security regulations. In addition, these studies can be used to improve border security across all commercial and defense sectors. They can operate in all locations, including land, ships, aircraft and space. Radar surveillance plays a key role in border security operations. Most surveillance radars operate in the S-band frequency range. These scanners are also used in airport and maritime security applications to scan a wide range of targets including aircraft, ultralight aircraft, drones, non-aircraft, unmanned aerial systems, helicopters, boats and ships. Therefore, during their strategic mission, surveillance radars provide extensive military and defense support in unknown areas by operating within their line of sight.
Platform:
Radar Type:
Application:
This comprehensive market research report provides an in-depth analysis of the global surveillance radars market, offering granular insights into key aspects:
The global surveillance radars market is anticipated to exhibit robust growth across North America, Europe, and Asia-Pacific regions. This growth can be attributed to the escalating government investments in border security measures and military modernization programs. Here's a regional breakdown:
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 10.5% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 10.5%.
Key companies in the market include BAE Systems Plc (U.K.), Hensoldt AG (Germany), Leonardo S.p.A. (Italy), Honeywell International (U.S.), Lockheed Martin Corporation (U.S.), L3 Harris Technologies Inc. (U.S.), Northrop Grumman Corporation (U.S.), Raytheon Technologies Corporation (U.S.), SAAB AB (Sweden), Thales Group (France).
The market segments include Platform, Radar Type, Application.
The market size is estimated to be USD 8.90 USD Billion as of 2022.
Rising Demand for Satellite Communication Equipment Due to Growing Space Exploration Programs Will Aid Market Growth.
N/A
High Maintenance Cost is Hindering Market Growth.
N/A
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The market size is provided in terms of value, measured in USD Billion and volume, measured in K units.
Yes, the market keyword associated with the report is "Surveillance Radars Market," which aids in identifying and referencing the specific market segment covered.
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