Reports > Manufacturing And Construction > Surveillance Radars Market Report
Surveillance Radars Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Surveillance Radars market from 2023 to 2033, covering market size, trends, regional insights, and key industry player contributions. It is designed to equip stakeholders with valuable insights for strategic decisions.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $6.50 Billion |
| CAGR (2023-2033) | 5.3% |
| 2033 Market Size | $11.02 Billion |
| Top Companies | Lockheed Martin, Raytheon Technologies, Northrop Grumman, Thales Group, Boeing |
| Last Modified Date | 15 Nov 2024 |
Surveillance Radars Market Report (2023 - 2033)
Surveillance Radars Market Overview
What is the Market Size & CAGR of the Surveillance Radars market in 2023?
Surveillance Radars Industry Analysis
Surveillance Radars Market Segmentation and Scope
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Surveillance Radars Market Analysis Report by Region
Europe Surveillance Radars Market Report:
The European market is robust, with figures expected to grow from $1.72 billion in 2023 to $2.92 billion by 2033. The market's expansion is supported by the European Union's initiatives for enhanced security capabilities amid rising threats.Asia Pacific Surveillance Radars Market Report:
In Asia Pacific, the Surveillance Radars market is projected to grow from $1.25 billion in 2023 to $2.12 billion by 2033, driven by increasing defense budgets in countries like India and China. The region's focus on border security due to geopolitical tensions is also a significant factor in market growth.North America Surveillance Radars Market Report:
North America holds a significant share of the Surveillance Radars market, valued at $2.53 billion in 2023 and expected to reach $4.30 billion by 2033. This growth is underscored by heightened military spending and technological innovations from leading defense contractors.South America Surveillance Radars Market Report:
The South American market, although smaller, is expected to grow from $0.23 billion in 2023 to $0.39 billion in 2033. Enhanced investments in security infrastructure and collaborative defense initiatives among countries are propelling market development.Middle East & Africa Surveillance Radars Market Report:
In the Middle East and Africa, the market is projected to increase from $0.76 billion in 2023 to $1.29 billion by 2033. Elevated defense expenditures and the need for improved surveillance in unstable regions are driving this growth.Request a custom research report for industry.
Surveillance Radars Market Analysis By Technology
Global Surveillance Radars Market, By Technology Market Analysis (2023 - 2033)
The breakdown of the Surveillance Radars Market by technology reveals a significant focus on ground-based radars, which are expected to grow from $4.05 billion in 2023 to $6.86 billion by 2033. Airborne radars are also gaining traction, expanding from $1.79 billion to $3.03 billion in the same period, while space-based radars are projected to increase from $0.66 billion to $1.12 billion.
Surveillance Radars Market Analysis By Application
Global Surveillance Radars Market, By Application Market Analysis (2023 - 2033)
In terms of application, military use takes a predominant position, starting at $3.10 billion in 2023 and climbing to $5.26 billion by 2033. Civilian applications follow, with projected growth from $1.44 billion to $2.43 billion, while border security and critical infrastructure become increasingly important as sectors of growth.
Surveillance Radars Market Analysis By Component
Global Surveillance Radars Market, By Component Market Analysis (2023 - 2033)
The component segmentation displays that hardware dominates the market substantially, with sizes rising from $4.05 billion to $6.86 billion. Software and services are also significant, expected to reach $3.03 billion and $1.12 billion respectively by 2033.
Surveillance Radars Market Analysis By Type
Global Surveillance Radars Market, By Type Market Analysis (2023 - 2033)
Analyzing the market by type, phased array radars maintain a leading share, with values expected to rise from $4.05 billion to $6.86 billion between 2023 and 2033,reflecting their increasing use in military applications.
Surveillance Radars Market Analysis By End User
Global Surveillance Radars Market, By End-User Market Analysis (2023 - 2033)
The market by end-user shows military clients hold a substantial share with anticipated growth to $5.26 billion by 2033. Civilian utilization is becoming mainstream as well, expanding to $2.43 billion, reflecting a shift in emphasis on domestic safety and urban security.
Surveillance Radars Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Surveillance Radars Industry
Lockheed Martin:
A leader in defense manufacturing, Lockheed Martin specializes in advanced radar systems including the AN/TPS-59, known for its reliability and effectiveness in military applications.Raytheon Technologies:
Raytheon develops advanced surveillance radars for both military and civilian applications, focusing on cutting-edge technologies such as Active Electronically Scanned Arrays (AESA).Northrop Grumman:
Northrop Grumman's expertise in radar technology allows them to offer innovative surveillance solutions that enhance situational awareness for military operations.Thales Group:
Thales is known for its commitment to implementing radar solutions for public safety and military operations, driving advancements in technology and integration.Boeing:
Boeing provides sophisticated radar systems integrated into their defense platforms, committed to enhancing battlefield surveillance capabilities.We're grateful to work with incredible clients.
