Global Surveillance Radars Market Size, Share, Growth Analysis, By Type(Land - Based Surveillance Radars, Airborne Surveillance Radars), By Application(Military and Defense, Homeland Security and Commercial.) - Industry Forecast 2023-2030

Global Surveillance Radars Market size was valued at USD 8.5 Billion in 2021 and is poised to grow from USD 8.90 billion in 2022 to USD 19.78 Billion by 2030, at a CAGR of 10.5% during the forecast period (2023-2030).

Radars play a crucial role in monitoring activities at critical infrastructure and facilities, including airports, camps, borders, and ports, serving national security purposes by detecting and monitoring non-linear, cooperative, and moving targets. Essential for enhancing border security in both commercial and defense sectors, these radar systems operate across various platforms such as ground, marine, aviation, and space. Predominantly utilizing the S-band frequency range, radars are vital for search and targeting, with applications extending to aerospace and maritime security, screening diverse targets like aircraft, ultralight aircraft, stealth, Unmanned Aerial Vehicles (UAV), Unmanned Aerial Systems (UAS), helicopters, boats, and ships. This technology aids military and defense personnel in tactical missions in unfamiliar territories within their line of sight. The industry is witnessing expansion as global defense spending increases, with investments in advanced radar systems for military communications. Despite the pandemic, global defense spending reached USD 1981 billion in 2020, according to the Stockholm International Peace Research Institute (SIPRI). Investments in airport surveillance infrastructure, driven by concerns like drone intrusions into airspace, are expected to fuel demand for surveillance radar in the forecast period. The growing need for upgraded radar systems to strengthen border security and counter missile threats has led major manufacturers to heavily invest in radar technology, aiming to enhance operating range and detection capabilities. Anticipated advancements in radar technology are poised to boost sales of surveillance radars in the near future, while factors such as increased geopolitical tensions and research and development in surveillance radars are likely to provide market leaders with a competitive advantage.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Surveillance Radars Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Surveillance Radars Market Segmental Analysis

The global surveillance radars market is segmented on the basis of type, application, and region. By type, the market is segmented into land-based surveillance radars, airborne surveillance radars and naval surveillance radars. By application, the market is segmented into military and defence, homeland security, and commercial. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Surveillance Radars Market

The surge in global security concerns, spanning issues such as terrorism, border disputes, and illicit activities, is fueling a heightened demand for surveillance radars. Governments and defense agencies worldwide are intensifying their efforts to bolster surveillance capabilities and fortify national security, driving a substantial increase in investments in advanced radar systems. As the threat landscape evolves, the need for sophisticated surveillance technologies becomes imperative, leading to continuous advancements in radar systems to address emerging challenges. This escalating demand is not only attributed to traditional security threats but also encompasses modern challenges such as cyber threats and hybrid warfare. Consequently, the surveillance radar market is witnessing a robust growth trajectory as it becomes an integral component of comprehensive security strategies, adapting to the evolving nature of global security threats. The convergence of geopolitical tensions and technological innovations in the field further underscores the pivotal role of surveillance radars in ensuring effective security measures.

Restraints in the Global Surveillance Radars Market

Operational conditions pose constraints on surveillance radars, introducing challenges in specific environments or under adverse circumstances like inclement weather conditions, cluttered surroundings, or dense foliage. These limitations can significantly impact the efficiency and reliability of radar systems, potentially restricting their applicability in various operational scenarios. Adverse weather conditions, such as heavy rain, fog, or storms, may hinder radar performance and compromise the accuracy of target detection. Similarly, cluttered environments with numerous objects or dense foliage can impede the radar's ability to discriminate between targets and background elements, leading to potential inaccuracies. These operational challenges necessitate ongoing efforts in research and development to enhance radar technology, improve resistance to environmental constraints, and expand the range of applications where surveillance radars can operate effectively.

Market Trends of the Global Surveillance Radars Market

A noteworthy trend is the growing need for sophisticated surveillance radars to elevate situational awareness and security across diverse sectors. Faced with escalating security threats, ranging from conventional to unconventional, governments and defense organizations are channeling investments into the modernization of their surveillance capabilities. Consequently, this trend has spurred the creation of radar systems featuring enhanced capabilities, including extended detection ranges, heightened accuracy, and improved target tracking capabilities.