Surveillance Radars Market Size Worth $18.65 Billion By 2032 | CAGR: 7.84%

The global surveillance radars market size is expected to reach USD 18.65 billion by 2032, according to a new study by Polaris Market Research. The report “Surveillance Radars Market Share, Size, Trends, Industry Analysis Report, By Application Type (Commercial, National Security, Military & Defense, Perimeter security, ISR, Hostile Satellites, Aerospace, Maritime and Others); By Platform; By Component; By Range; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The number of contracts between important defense businesses and the government has increased to upgrade military equipment such as tactical radar systems, mobile tactics, light weapons, modern military antennas, and others. In July 2022, The Australian Government invested $2.7 billion in the new Joint Air Battle Management System for Defense, and as part of that investment, CEA Technologies is constructing four new Air Defence radars. The new sensors will be able to identify aircraft and missile threats at a broad range and with higher accuracy than existing current systems, providing essential real-time information and more time for warning, decision, and reaction. Additionally, the military is using more sophisticated surveillance radar technology. As a result, the market for surveillance radars is anticipated to increase quickly throughout the given time frame.

Furthermore, the increasing defense expenditures and the rapid advancements in Border Surveillance Systems are boosting the market growth. Better airborne surveillance has been highlighted as a crucial requirement, and the Irish government intends to increase yearly defense spending by 40% to €1.5 billion by 2028, although no definite procurement choices have been made. As a result, the market is growing due to rising demand for defense surveillance over weak and attack-prone borders, increasing defense spending by emerging economies, advancing terrorism, and ongoing international conflicts.

Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/surveillance-radars-market/request-for-sample

Additionally, with the rising demand for missile detection systems and their upgradation, the key players are supporting the market to grow. In January 2023, Raytheon Technologies Corp will maintain and upgrade Taiwan's long-range missile defense radar system. To offer logistics support, engineering services, technical updates, replacement parts, and other assistance under the Taiwan Surveillance Radar Program, the U.S. Air Force Life Cycle Management Center has awarded a USD 412.6 million contract to the Raytheon Missiles & Defense business. Ballistic missiles, cruise missiles, regular military planes, and stealth fighters may all be found and tracked with the technology. Thus, the missile detection system for the defense sector is driving the market's growth.

Surveillance Radars Market Report Highlights

• The commercial segment is anticipated to grow at a significant CAGR over the forecast period due to the increased need for replacing outdated radar-based air traffic control systems with more modern ones,
• The land segment accounted for considerable revenue share. The main purposes of land-based radar systems are border surveillance, vital infrastructure security, and base defense.
• The largest share of the airborne radar systems segment is anticipated during the forecast period. Helicopters, aerostats, and unmanned aerial vehicles are used in airborne radar systems.
• Asia-Pacific is expected to grow at a fastest CAGR over the projected period due to rising defense spending on naval and land-based military equipment.
• The global players include Aselsan, Blighter Surveillance, BAE Systems, DeTect Inc., FLIR Systems, Honeywell International, Israel Aerospace Industries, Lockheed Martin, Raytheon Technologies,  Saab AB, & Thales Group.

Polaris Market Research has segmented the Surveillance Radars market report based on application, platform, component, range, and region:

Surveillance Radars, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Commercial
• National Security
• Military & Defense
• Perimeter security
• ISR
• Hostile Satellites
• Aerospace
• Maritime
• Other

Surveillance Radars, Platform Channel Outlook (Revenue - USD Billion, 2019 - 2032)

• Land
• Airborne
• Naval
• Space
• Submarines
• Combat aircrafts
• Unmanned Surface Vehicles
• Unmanned Aerial Vehicles
• Aerostats

Surveillance Radars, Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Antennas
• Transmitters
• Duplexers
• Power Amplifiers
• Receivers
• Signal Processors
• Cameras
• Others

Surveillance Radars, Range Outlook (Revenue - USD Billion, 2019 - 2032)

• Short Range Surveillance Radar
• Medium Range Surveillance Radar
• Long-Range Surveillance

     Surveillance Radars, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa