Surveillance Radars Market Growth was valued at US$ 10.02 Bn. in 2023. The global Surveillance Radars Market is estimated to grow at a CAGR of 8.1 % over the forecast period.

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Global Surveillance Radars Market Projected to Reach USD 17.28 Billion by 2030

The global surveillance radars market, valued at USD 10.02 billion in 2023, is anticipated to grow at a compound annual growth rate (CAGR) of 8.1%, reaching approximately USD 17.28 billion by 2030.

Market Definition and Estimation

Surveillance radars are systems designed to detect, track, and monitor objects within a specific range. They are integral to defense, aviation, maritime, and border security operations, providing real-time information critical for situational awareness and decision-making.

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Market Growth Drivers and Opportunities

Several factors are driving the growth of the surveillance radars market:

  • Increasing Defense Expenditures: Nations worldwide are investing heavily in advanced surveillance systems to enhance national security, leading to a surge in demand for state-of-the-art radar technologies.

  • Technological Advancements: Innovations such as Active Electronically Scanned Array (AESA) and synthetic aperture radars have improved detection capabilities, range, and accuracy, making modern surveillance radars more effective and reliable.

  • Rising Security Concerns: Growing concerns over territorial disputes, smuggling, and unauthorized border crossings have heightened the need for robust surveillance systems, particularly in coastal and border areas.

Segmentation Analysis

The surveillance radars market is segmented based on type, application, and region.

  • By Type:

    • Ground Surveillance Radars: Used for monitoring land-based activities, including border security and battlefield surveillance.
    • Air Surveillance Radars: Employed in air traffic control and military applications to detect and track aircraft.
    • Maritime Surveillance Radars: Utilized for monitoring maritime activities, including vessel tracking and coastal security.
    • Space Surveillance Radars: Designed to track objects in space, such as satellites and space debris.

  • By Application:

    • Defense & Military: Includes battlefield surveillance, target acquisition, and missile guidance.
    • Commercial: Encompasses air traffic control, weather monitoring, and maritime navigation.
    • National Security: Involves border surveillance, critical infrastructure protection, and public safety.

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Regional Insights

  • North America: The North American surveillance radars market is expected to experience significant growth, driven by substantial defense spending and the adoption of advanced technologies.

  • Europe: Europe is anticipated to witness steady growth, supported by initiatives to enhance border security and modernize defense systems.

  • Asia-Pacific: The Asia-Pacific region is projected to exhibit rapid growth due to increasing defense budgets and the need to address regional security challenges.

Competitive Landscape

The global surveillance radars market is characterized by the presence of key players focusing on technological innovation and strategic partnerships to enhance their market positions. Notable companies include:

  • Lockheed Martin Corporation (USA): A leading defense contractor offering a range of advanced radar systems for military applications.

  • Raytheon Technologies Corporation (USA): Specializes in developing innovative radar solutions for defense and aerospace sectors.

  • Thales Group (France): Provides a variety of surveillance radar systems for air, land, and maritime applications.

  • Saab AB (Sweden): Offers advanced radar technologies tailored for defense and civil security purposes.

  • Leonardo S.p.A. (Italy): Develops and manufactures a wide range of radar systems for military and civilian use.

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