Surveillance Radar System Market Size
Surveillance Radar System Market size crossed USD 7 billion in 2020 and is forecast to register over 7% growth from 2021-2027.
Market growth is influenced by heightened government investments in warfare systems across the military space driven by the intensification of geopolitical tensions on the global stage.
Increased availability of technologically sophisticated antenna methods, software-defined RF transceivers, and advanced Digital-Signal Processing (DSP) is boosting the market growth. Advanced detection and tracking features of Active Electronically Scanned Array (AESA) technology are developing strong market prospects.
This technology allows for increased frequency evolution for improved resolution with smaller phased array antennas. These radars are more efficient and have better self-protection, targeting, and tracking capabilities than traditional scanned radar systems that are mechanically controlled.
Higher border security levels due to an increased number of threats resulting from terrorist attacks and cross-border tensions have created the need for sophisticated surveillance radar systems. Government authorities and air traffic controllers are making efforts to enhance their airport surveillance radar systems.
The dominant deterrent for the development of the surveillance radar system market is the maintenance cost factor of these goods. Excessive reliance on onboard hardware has raised the amount of space needed to accommodate vital components. Maintenance and updating of security systems on surveillance radar systems attributed to rising efforts of a security hack by hackers are also negatively impacting the industry growth.
Surveillance Radar System Market Report Attributes
Report Attribute Details
Base Year 2020
Surveillance Radar System Market Size in 2020\t7 billion (USD)
Forecast Period\t2021 to 2027
Forecast Period 2021 to 2027 CAGR\t7%
2027 Value Projection\t10 Billion (USD)
Historical Data for\t2017 to 2020
No. of Pages\t210
Tables, Charts & Figures\t222
Segments covered\tComponent, Platform, Radar Range Type, and Application
Growth Drivers\t
Growth in aerospace and defense industry worldwide
Increased use of AI and 3D sensors in surveillance radars in Europe and North America
Growing emphasis on the development of space surveillance radars in Asia Pacific and North America
Increase in aviation infrastructure in Europe and Middle East
Increase in defense spending to develop new technology in surveillance radar system
Pitfalls & Challenges
Increased investments and maintenance expenses of surveillance radar systems
Harsh weather conditions inhibiting the precision of surveillance radars
What are the growth opportunities in this market?
The COVID-19 pandemic slowed down the market demand in 2020. Government lockdowns and strict lockdown policies have also impacted R&D activities and industry statistics. Since government agencies are primarily concerned with economic recovery, most industries witnessed a decline in demand for surveillance radar systems.
The manufacturing and industry growth of surveillance radar system producers were affected because of the lack of electronic components. But the market experienced tremendous growth in 2021 because of the growing procurement of surveillance radars for the security and safety of forces as part of the defense spending across the world.
Surveillance Radar System Market Analysis
Asia Pacific hardware component held over 80% of the market share in 2020. The structure of a surveillance radar system comprises elements like processors, antenna arrays, rotators, receivers, transmitters, image processing hardware, and system on chips. The demand for sophisticated radar systems in different platform operations is driving the industry development for hardware components. Electronic systems with high-definition cameras and AI-enabled sensors are crucial for surveillance premises automatic map generation.
Read more about the major segments defining this market
In Europe, air segment of the surveillance radar system market will witness 5% growth rate up to 2027. The growth in existing and new airports is contributing towards greater industry demand for air surveillance radar systems in the aviation industry. Radar systems are employed to sense, track & display the existence and location of an aircraft in the terminal region. Newer airport surveillance radar systems incorporate extra weather channels to sense adverse weather conditions, permitting safe operation.
In U.S., short-range radar segment accounted for 40% of the revenue share in 2020. Short-range radars are employed to detect and report flying targets at low altitudes. They are applied across various applications such as border surveillance, security, monitoring of air space, and vehicle protection.
The Europe military segment will be USD 1 billion by 2027. A surveillance radar system is an important device in the military as it is employed to detect missiles, vehicles & aircraft. These radars are capable of working in harsh environments, thus making them a very reliable device in the military industry.
Discover more about the most important segments influencing this market
North America surveillance radar system market size was in excess of USD 3 billion in 2020 and is projected to achieve a CAGR of 7% until 2027. The regional market growth is attributed to the massive spending on military and increasing technological developments. Increased geopolitical threats posed by rival countries, including China and Russia, will enhance the growth of surveillance radar systems in the forecast period.
Surveillance Radar System Market Share
Prominent companies operating in the market include
- L3HARRIS Technologies
- Leonardo S.p.A
- Northrop Grumman Corporation
- BAE Systems
- Therma A/S
- Thales Group
- Raytheon Company
- SAAB AB
- L&T Defence
- Lockheed Martin Corporation
- HENSOLDT
- Elbit Systems Ltd
- FLIR Systems, Inc
- Israel Aerospace Industries Ltd
