Surveillance Radar System Market Size - By Component (Hardware, Software), By Platform (Land, Air, Naval, Space), By Radar Range Type (Short, Medium, Long), By Application (Commercial, Military, Homeland, Security) & Forecast, 2021 - 2027

Surveillance Radar System Market Size

Surveillance Radar System Market size exceeded USD 7 billion in 2020 and is anticipated to grow at a CAGR of over 7% from 2021 to 2027. The market growth is attributed to increasing government spending on military warfare systems due to growing geopolitical conflicts across the globe.
 

Growing accessibility to technologically advanced antenna techniques, agile RF transceivers, and sophisticated Digital-Signal Processing (DSP) is driving the market expansion. Advanced tracking and detection capabilities of Active Electronically Scanned Array (AESA) technology are creating robust market opportunities.
 

This technology enables higher frequency evolution for enhanced resolution through smaller phased array antennas. These radars are more effective and possess improved self-protection, targeting, and tracking abilities compared to conventional scanned radar systems which are mechanically operated.
 

Increasing levels of border security owing to a rising number of threats arising from terrorist attacks and cross-border tensions have led to the requirement for advanced surveillance radar systems. Government authorities and air traffic controllers are taking initiatives to strengthen their airport surveillance radar systems.
 

The major factor hampering the surveillance radar system market progression is the high maintenance cost associated with these products. High dependency on onboard equipment has increased the space requirement for installing critical components. Frequent maintenance and security system upgrading of surveillance radar systems credited to increasing attempts of a security breach by hackers are also adversely affecting the industry growth.
 

The COVID-19 pandemic hampered the market demand in 2020. Government restrictions and stringent lockdown measures have further affected R&D activities and industry statistics. As government bodies are mainly focused on economic recovery, various industries experienced a reduction in demand for surveillance radar systems.
 

The production and industry expansion of surveillance radar system manufacturers were impacted due to the shortage of electronic components. However, the market witnessed significant growth in 2021 attributed to the increasing procurement of surveillance radars for the safety and security of forces as a part of the defense expenditure globally.
 

Surveillance Radar System Market Analysis

Asia Pacific hardware component dominated more than 80% of the market share in 2020. The architecture of a surveillance radar system includes components such as processors, antenna arrays, rotators, receivers, transmitters, image processing equipment, and system on chips. The need for advanced radar systems in various platform operations is propelling the industry progression for hardware components. Electronic systems consisting of high-definition cameras with AI-equipped sensors play a vital role in surveillance premises automatic map creation.
 

In Europe, air segment in the surveillance radar system market is expected to observe 5% growth rate through 2027. The development of existing and new airports is leading to higher industry demand for air surveillance radar systems in the aviation sector. Radar systems are used to detect, track & display the presence and position of an aircraft in the terminal area. Modern airport surveillance radar systems are equipped with additional weather channels to detect bad weather conditions, ensuring safe operation.
 

In U.S., short-range radar segment held 40% of revenue share in 2020. Short-range radars are used to detect and track flying targets at low altitudes. They are also used in a wide range of applications including border surveillance, security, air space monitoring, and vehicle protection.
 

The Europe military segment will reach USD 1 billion by 2027. A surveillance radar system is a crucial tool in the military as it is used to detect missiles, vehicles & aircraft. These radars can operate in challenging environments, making them a highly reliable device in the military sector.
 

North America surveillance radar system market size was over USD 3 billion in 2020 and is estimated to attain a CAGR of 7% till 2027. The regional growth is credited to the high expenditure on military and growing technological advancements. Growing concerns over geopolitical threats from competitors, such as China and Russia, will bolster the development of surveillance radar systems during the forecast timeline.
 

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

Market leaders are emphasizing on launching advanced surveillance radar system solutions and mergers & acquisitions to expand their global footprints.

The market research report of surveillance radar system includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2021 to 2027 for the following segments:

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Market, By Component

• Hardware
• Software

Market, By Platform

• Land
• Air
• Naval
• Space

Market, By Radar Range Type

• Short range
• Medium range
• Long range

Market, By Application

• Commercial
• Military
• Homeland
• Security

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • Saudi Arabia
  • UAE
  • South Africa