Reports > Aerospace And Defense > Surveillance Radar Market Report
Surveillance Radar Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Surveillance Radar market, including market trends, size forecasts for 2023 to 2033, technology advancements, and regional insights, offering valuable information for industry stakeholders.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $10.50 Billion |
| CAGR (2023-2033) | 6.8% |
| 2033 Market Size | $20.64 Billion |
| Top Companies | Raytheon Technologies Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, BAE Systems, Thales Group |
| Last Modified Date | 15 Nov 2024 |
Surveillance Radar Market Report (2023 - 2033)
Surveillance Radar Market Overview
What is the Market Size & CAGR of Surveillance Radar market in 2023?
Surveillance Radar Industry Analysis
Surveillance Radar Market Segmentation and Scope
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Surveillance Radar Market Analysis Report by Region
Europe Surveillance Radar Market Report:
Europe's Surveillance Radar market is estimated to grow from $3.30 billion in 2023 to $6.48 billion in 2033, driven by geopolitical tensions and a collective effort by NATO countries to bolster defense capabilities.Asia Pacific Surveillance Radar Market Report:
In the Asia Pacific, the market is expected to grow from $2.10 billion in 2023 to $4.12 billion in 2033, driven by increased military spending and growing demand for advanced surveillance solutions in countries like India and China.North America Surveillance Radar Market Report:
North America is projected to grow from $3.53 billion in 2023 to $6.94 billion in 2033, primarily due to heightened defense budgets and ongoing modernization efforts within armed forces throughout the U.S. and Canada.South America Surveillance Radar Market Report:
The South American market is anticipated to expand from $0.57 billion in 2023 to $1.11 billion in 2033, fueled by investments in infrastructure and national security measures, despite economic challenges in some regions.Middle East & Africa Surveillance Radar Market Report:
In the Middle East and Africa, the market is expected to increase from $1.01 billion in 2023 to $1.99 billion in 2033, as regional conflicts and security threats necessitate advanced surveillance and defense systems.Request a custom research report for industry.
Surveillance Radar Market Analysis By Technology
Global Surveillance Radar Market, By Technology Market Analysis (2023 - 2033)
Phased Array Radar dominates the market, constituting a significant share due to its adaptability and performance metrics under various conditions, while Pulsed Radar and Frequency Modulated Radar are also important segments filled with innovations catering to specific applications.
Surveillance Radar Market Analysis By Application
Global Surveillance Radar Market, By Application Market Analysis (2023 - 2033)
The Defense and Security segment accounts for a substantial portion of market revenue, followed closely by Commercial applications such as traffic management and meteorological solutions, showcasing the versatility of radar technologies across sectors.
Surveillance Radar Market Analysis By End User
Global Surveillance Radar Market, By End-User Market Analysis (2023 - 2033)
The Military segment leads in market share, bolstered by governmental defense budgets, while Commercial and Civil end-users are witnessing increasing investments in radar systems for safety, logistics, and infrastructure management.
Surveillance Radar Market Analysis By Region
Global Surveillance Radar Market, By Region Market Analysis (2023 - 2033)
Regional analyses emphasize that North America and Europe lead significantly in market value, while Asia-Pacific is witnessing rapid growth due to increasing defense expenditures and technological advancements in radar applications.
Surveillance Radar Market Analysis By Component
Global Surveillance Radar Market, By Component Market Analysis (2023 - 2033)
The Hardware component leads in market size, comprising a substantial portion of investment in radar systems. The Software and Services segments follow as critical supporting elements that enhance operational capabilities and integration.
Surveillance Radar Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Surveillance Radar Industry
Raytheon Technologies Corporation:
A major player in defense technologies, providing advanced radar and sensor solutions for military and commercial applications.Lockheed Martin Corporation:
Known for its cutting-edge radar systems for air and missile defense, Lockheed Martin is a leader in innovating surveillance technologies.Northrop Grumman Corporation:
Provides a variety of surveillance radar systems that enhance defense operations and situational awareness.BAE Systems:
A leader in security and defense electronics, offering advanced surveillance technologies for military applications.Thales Group:
Offers innovative radar systems that address various defense and civil market needs, enhancing operational effectiveness.We're grateful to work with incredible clients.
