The Global Surveillance Radar Market is expecting around 7% CAGR during 2022-27, cites MarkNtel Advisors in their recent research report. The mounting focus of governments of different countries worldwide on strengthening their national security & expanding their defense bases by procuring robust surveillance systems is the prime aspect driving the global market.
Besides, the growing air travel & aircraft fleet across the commercial aviation sector is another prominent aspect surging the demand for surveillance radars to attain accurate information about airspace & enable pilots to make informed decisions.
Moreover, changing warfare & battlefield management strategies are instigating the leading players in the industry to extend their production capacities while offering advancements, new features, & higher accuracy in surveillance radars. It, in turn, shall further contribute to the surging sales of surveillance radars in the coming years, further states the research report, “Global Surveillance Radar Market Analysis, 2022.”
Mounting Focus on Border Surveillance to Boost the Market through 2027
The Border Surveillance application for National Security acquired the largest share in the Global Surveillance Radar Market in the previous few years. It owes principally to the growing need of many countries to procure long-range surveillance radars to detect potential threats and monitor the airspace in line with strengthening their national security.
Besides, immense government support through substantial defense budgets & investments in the development & up-gradation of various defense equipment shall further propel the demand for surveillance radars worldwide and drive the global market during 2022-27.
With Rapid Construction of Airports, Asia-Pacific to Witness the Fastest Market Growth
The Surveillance Radar Market in Asia-Pacific is driven primarily by the mounting inclination of several regional countries toward upgrading their respective defense bases with technologically advanced surveillance radar systems. Besides, increasing support from countries like China & India through massive funding and research & development activities on bringing innovations in surveillance radar systems is another prominent aspect driving the regional market through 2027.
Moreover, the increasing airport constructions in line with infrastructural developments in many countries across the region are also projecting the surging demand for surveillance radars & significant market growth during 2022-27, reveals MarkNtel Advisors in their research report, "Global Surveillance Radar Market Analysis, 2022."
The leading players in the Global Surveillance Radar Market are Aselsan A, Blighter Surveillance Systems Ltd., Detect Inc., Elbit Systems Ltd., Flir Systems Inc., Israel Aerospace Industries Ltd., GEM Elettronica, Harris Corporation, Leonardo S.P.A, and Lockheed Martin Corporation.
Key Questions Answered in the Research Report: