Surveillance Radars Market to Surpass USD 19.94 Billion by

Pune, India, Dec. 20, 2023 (GLOBE NEWSWIRE) — The global surveillance radars market size was valued at USD 8.90 billion in 2022 and is projected to grow from USD 9.90 billion in 2023 to USD 19.94 billion by 2030, exhibiting a CAGR of 10.5% during the forecast period.

Radar surveillance systems play a crucial role in monitoring diverse activities across strategic locations like ports, airports, and military bases. Essential for national security, these systems are deployed to detect and track cooperative, non-linear, and mobile targets. They are also instrumental in enhancing border security, serving both defense and commercial purposes. Operating across different platforms such as land, sea, air, and space, these radar systems are indispensable for border security operations. The insights into this technology are presented in the report “Global Surveillance Radars Market, 2023–2030” by Fortune Business Insights.

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List of Key Players Profiled in the Surveillance Radars Market Report:

• BAE Systems Plc (U.K.)
• Hensoldt AG (Germany)
• Leonardo S.p.A. (Italy)
• Honeywell International (U.S.)
• Lockheed Martin Corporation (U.S.)
• L3 Harris Technologies Inc. (U.S.)
• Northrop Grumman Corporation (U.S.)
• Raytheon Technologies Corporation (U.S.)
• SAAB AB (Sweden)
• Thales Group (France)

Report Scope & Segmentation:

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Russia-Ukraine War Impact:

Conflict between Russia and Ukraine Increases Need for Surveillance Radars

Following events such as the Russia-Ukraine war, several nations throughout the world have evaluated their defense spending and purchase plans and made appropriate adjustments. India, China, Canada, Estonia, Iraq, and Taiwan have made building the required infrastructure for fending off emerging threats a top priority for their defense spending. Hence, the conflict between Russia and Ukraine catalyzed the global demand.

Segments:

Application Segmentation:

• Monitoring of Ports
• Surveillance at Airports
• Security Operations in Military Bases

Target Type Segmentation:

• Cooperative Targets
• Non-linear Targets
• Moving Targets

Security Focus Segmentation:

• National Security Applications
• Defense Sector
• Commercial Sector

Platform Segmentation:

• Land-based Radar Systems
• Sea-based Radar Systems
• Airborne Radar Systems
• Space-based Radar Systems

Geographical Segmentation:

• Regional Distribution of Surveillance Radar Systems

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Report Coverage:

The report presents a holistic study of the market along with current trends and future anticipations to establish proximate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions or driving factors is also mentioned in the report. Step by step, thorough regional analysis is offered.

Drivers & Restraints:

Demand for Air Surveillance Radars has increased due to Improvements in Border Surveillance Systems

Autonomous drones and acoustic radar technology are two examples of border surveillance systems that have advanced and are still improving. More effective border security has been made possible due to mobile border security radars. These radars are additionally employed to increase the detection rate in key areas. Modern low-false-alarm radars have also been adopted by nations with border conflicts, drug trafficking, and undocumented immigration to help with border security. These factors are anticipated to increase the surveillance radars market share.

However, due to its advanced features, the maintenance cost is high, which may impede the surveillance radars market growth.

Regional Insights

Asia Pacific will dominate the Market due to High Demand for Advanced Naval Radars

The largest market share is anticipated to be held by Asia Pacific throughout the forecast period. Its…