Surveillance Radar Market is projected to reach USD 12.01 Billion by 2030 and register a CAGR of 9.99% by 2022-2030.
The surveillance Radar Market is projected to reach USD $12.01 Billion by 2027 and register a CAGR of 9.99% between 2022-2027
The Surveillance Radar Market has witnessed high growth in recent years owing to the increasing need for enhanced situational awareness, increasing defense expenditures, and advancement in border surveillance systems. However, the high costs of installation and operation are expected to restrain the market growth to some extent.
The Increasing need for situational awareness.
Surveillance Radar Market Drivers
Surveillance Radar Market Segmentation
Surveillance Radar Market Key Players
Other Prominent Players
|Market Size||USD $12.01 Billion (2027)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Component, Platform, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||
|Key Market Drivers||
Surveillance Radar Market size by 2027 can be USD $ 12.01 Billion.
Surveillance Radar Market is progressing at a rate of 9.9%.
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)
Antennas is the component-based segment is supposed to take the lead in the Surveillance Radar Market.
The surge in defense expenditures along with the increasing terrorist activities in India, Indonesia, Australia and China, makes APAC a promising market with the highest growth rate.