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Surveillance Radar System Market Share

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

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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.

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.