Global Surveillance Radar Market is projected to reach USD 12.72 Billion by 2026 and register a CAGR of 6.4% between 2019 and 2026. The increasing need for enhanced situational awareness and rising defense expenditures are primarily driving the growth of the market. Additionally, the adoption of advanced border surveillance systems is further driving the growth of the market.
Market USP
The increasing need for situational awareness.
Growth Opportunities in the Market
The Antennas Segment Is Expected to Grow at the Highest Rate: The antennas segment is expected to register the highest CAGR during the forecast period, 2019 to 2026. The antenna is a crucial component in the radar systems. The antenna transfers the transmitter energy at the required efficiency. This process is carried out identically during reception.
The Land Segment Accounted for the Largest Share in 2019: The land segment accounted for the largest market share in 2019. This is due to the increasing use of land-based radar systems and solutions for many defense applications such as intelligence, tracking, surveillance, and missiles and fire control. The airborne segment is expected to register the highest CAGR during the forecast period.
The Defense & space segment is expected to witness the highest growth in the market: The defense & space segment accounted for the largest market share in 2019 and is expected to register the highest CAGR during the review period. This is due to the increasing demand for surveillance radar systems for threat intelligence & response management, military situational awareness, and identity & access management.
The commercial applications segment is expected to register a high CAGR during the forecast period.
Key Players
Aselsan AS (Turkey)
Blighter Surveillance Systems Ltd (UK)
DeTect Inc. (US)
Elbit Systems Ltd. (Israel)
Flir Systems, Inc. (US)
GEM Elettronica (Italy)
L3 Harris Technologies (US)
Israel Aerospace Industries Ltd (Israel)
Leonardo Spa (Italy)
Lockheed Martin Corporation (US)
Other Prominent Players
Hensoldt (Germany)
Honeywell International Inc. (US)
Raytheon Company (US)
Saab AB (Sweden)
Thales Group (France)
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