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Surveillance Radar System Market Analysis

Report ID: GMI5145
Published Date: Oct 2021
Report Format: PDF

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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.

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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.

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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.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Market size of surveillance radar system surpassed USD 7 billion in 2020 and it will observe around 7% CAGR between 2021 and 2027 on account of increasing investments in military warfare systems.

Europe air surveillance radar system industry could witness a 5% CAGR up to 2027 due to the development of new and existing airports.

Short range radar contributed around 40% share towards U.S. market in 2020 and will grow with demand for border surveillance, vehicle protection, and air space monitoring.

Hardware components in Asia Pacific accounted for around 80% of the market share in 2020 and will witness a similar trend due to the penetration of AI-equipped sensors and cameras.

Leonardo S.p.A., L3HARRIS Technologies, BAE Systems, Northrop Grumman Corporation, Raytheon Company, Thales Group and Lockheed Martin Corporation are some of the key players in in market.