Market Definition
Surveillance radars are systems designed mainly to monitor the airspace for Commercial, National security, and Defense & Space applications. These include Airspace Monitoring & Security, Airport Perimeter Security, Critical Infrastructures; Border Surveillance, Search & Rescue; Perimeter Security, Battlefield Surveillance, Air Defense, Military Space Assets & Hostile Satellites, respectively. With a swift acceleration in air traffic & aircraft fleet, the production and distribution of these systems are accelerating worldwide and playing a crucial role in stimulating the surveillance radar industry.
Market Insights
The Global Surveillance Radar Market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the mounting focus of governments of different countries worldwide on strengthening their respective defense sectors, i.e., displaying massive investments in procuring the latest technologies & equipment. It, in turn, is projecting a growing demand for surveillance radars and driving the global market.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR(2022-27) | 7% |
| Regions Covered | North America: USA, Canada, Mexico |
| South America: Brazil, Argentina, Rest of South America | |
| Europe: Germany, The UK, France, Italy, Spain, Russia, Rest of Europe | |
| Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific | |
| Middle East & Africa: Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East & Africa | |
| Key Companies Profiled | 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, Lockheed Martin Corporation) |
| Unit Denominations | USD Million/Billion |
The deployment of these systems is majorly to determine the location, bearing, & range of the aircraft and deliver the information to the pilots, thereby enabling them to maintain a safe & orderly flow of air traffic in the airspace. Additionally, with the rapidly growing air traffic owing to improving economic conditions, changing living standards, and mounting preference for air travel, the number of aircraft fleets is swiftly escalating for commercial applications and, as a result, augmenting the demand for surveillance radars & augmenting the overall market growth.
Besides, the growing geopolitical tensions between countries are also contributing to the mounting adoption of surveillance radars for monitoring & battlefield operations. Rapid technological advancements that offer compact, affordable, & high precision radar systems, such as broadcast (ADS-B) in UAVs operated through satellite navigation for both commercial & military applications, are being swiftly adopted across several countries.
Furthermore, the defense sector of several countries is utilizing these systems to attain an edge in combating enemies. It, in turn, has surged demand for next-generation combat aircraft & surveillance radar systems from countries like the US, China, India, etc., for higher tactical capabilities at times of warfare.
Impact of Covid-19 on the Global Surveillance Radar Market
The advent of Covid-19 in 2020 had a decelerating effect on most industries worldwide, and the aviation industry & its associated sectors witnessed a drastic impact. The leading players in the Global Surveillance Radar Market observed several unprecedented challenges with respect to the development, production, & distribution of surveillance radars globally.
It was principally due to the imposition of stringent movement restrictions & frequent lockdowns by governments of different countries to curb the spread of this dreadful disease. Initially, travel restrictions & border closures led to a severe decline in air traffic, which resulted in minimal aircraft in the airspace. It, in turn, reduced the demand for technologically advanced surveillance systems and caused massive revenue losses.
Besides, the transportation & logistics sectors distributing the raw materials for the production of surveillance radars & pre-produced goods were affected. It resulted in significant delays & cancellation of projects across many countries. Additionally, since people were compelled to stay at home amidst the crisis, several research & development and manufacturing activities were put on a temporary hold, which, in turn, led to a decline in the market growth.
Market Segmentation
Based on Application:
Amongst all applications, Border Surveillance for National Security dominated the Global Surveillance Radar Market with the largest share in previous years, and the same trend is likely during 2022-27. It owes principally to the growing adoption of Unmanned Aerial Vehicles (UAVs) across different countries, i.e., propelling the need for a robust surveillance system to eliminate potential threats by detecting the aircraft from a distance.
Besides, constant technological developments in surveillance radars entwined with the early adoption of the latest defense systems are anticipated to remain the prominent aspects to fuel the market growth for border surveillance operations in the coming years. Moreover, the mounting inclination of different countries worldwide toward strengthening their defense bases as a precautionary measure would also boost the demand for surveillance radars for border security applications and drive the global market in the years to come.
Based on the Range:
Here, Long Range surveillance radars are anticipated to observe the fastest growing demand in the market through 2027, principally due to the growing need for Over-the-Horizon (OTH) radars to detect targets from thousands of kilometers away using very long wavelengths with properties of propagation.
Besides, the surging awareness about these radars being critical assets for countries, and enabling them to gain & maintain airspace sovereignty, is another crucial aspect attributing to the surging demand for long-range surveillance radars globally.
Since these radars are designed mainly to detect & track multiple targets from distances and monitor the locations of friendly & enemy aerial systems, it would create remunerative opportunities for the global market for long-range surveillance radars during the forecast period.
Regional Landscape
Geographically, the Global Surveillance Radar Market expands across:
Of all countries globally, North America is anticipated to dominate the Surveillance Radar Market with the largest share during 2022-27. The extensive presence & active participation of prominent players in the development & production of surveillance radars is driving the regional market. Besides, the massive defense budgets & early procurement of technologically advanced defense systems by countries like the US & Canada would further contribute to the burgeoning demand for surveillance radar systems across North America in the coming years. Moreover, owing to an exponentially rising population and a mounting influx of migrants & tourists, North America has one of the largest aircraft fleets globally. This fact is positively influencing the demand for surveillance radars to achieve efficient & accurate air traffic management and, in turn, driving the regional market.
On the other hand, Asia-pacific is expecting the fastest market growth during 2022-27 due to the increasing defense budgets of countries like China & India to strengthen their defense systems, i.e., stimulating the demand for surveillance radars and driving the regional market.
Furthermore, these countries are projecting research & development activities to bring upgrades & new developments in the surveillance radar systems with better features in the coming years. Besides, the growing air traffic across Asia-Pacific would remain a prevalent factor in boosting the demand for surveillance radar and driving the market through 2027.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Global Surveillance Radar Market is expecting around 7% CAGR during 2022-27.
A. The escalating need to strengthen the defense sector & border security is the key aspect projected to drive the Global Surveillance Radar Market during 2022-27 and bring advancements & developments in surveillance radar systems. However, the high costs associated with the maintenance of these systems might restrain the market in the years to come.
A. The mounting demand for Over-the-Horizon (OTH) radars to detect targets even from thousands of kilometers using long wavelengths is the emerging trend in the Global Surveillance Radar Market through 2027.
A. Long Range surveillance radars are anticipated to generate remunerative opportunities for the leading players in the Global Surveillance Radar Market through 2027.
