Radar Security Market Size, Share, Analysis, Trends, Growth, 2032

Radar Security Industry Perspective

The global radar security market size was worth around USD 9.77 billion in 2023 and is predicted to grow to around USD 19.72 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.24% between 2024 and 2032.

The report analyzes and forecasts the radar security market on a global and regional level. The study offers past data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The assessment of radar security market dynamics gives a brief insight into the drivers and restraints of the radar security market along with the impact they have on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the radar security market on a global level.

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The report gives a transparent view of the radar security market. We have included a detailed competitive scenario and portfolio of the leading market vendors. To understand the competitive landscape in the radar security market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Radar Security Market: Overview

Radars are detection devices that work on radio waves to decide the angle, range, or speed of an object. They can detect ships, plane, guided missiles, and spacecraft, and automobile, terrain and weather formations, etc. A radar system consists of a transmitter, which produces electromagnetic waves in the microwaves or radio domain, a transmitting antenna, receiving antenna (the identical antenna is used for transmitting and receiving), and a processor and receiver to verify properties of the objects.

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Radar Security Market: Growth Factors

The drivers of the global radar security market include the adoption of numerous advanced technologies by various enterprises like phased array systems, which are installed mainly for ground surveillance radar due to their numerous applications in airport and military. The rising number of security concerns is also driving the radar security market globally. The radar security has numerous advantages not only for security but also for surveillance application, which includes airport premises protection, perimeter surveillance, high-definition for sea surface surveillance, short range for air surveillance for ship navigation, and helicopter control. Moreover, low defense budget in developing economies and shift to automation and miniaturization of defense and surveillance system, growing assistance and safety features globally are anticipated to further escalate the global radar security system growth. However, the rising number of cyber warfare may hinder this market’s development.

Radar Security Market: Regional Insights

The study provides a crucial view of the radar security market based on type, range, application, and region. All the segments of the radar security market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

The type segment of the market includes marine surveillance radar system, air surveillance radar system, and perimeter surveillance radars.

By range, the market includes long, medium, and short. The long-range segment is expected to grow substantially over the projected time period, owing to the increasing demand for ground security radar with long-distance range radar in border/coast guards, army, and security applications.

By application, the radar security market includes critical infrastructure, border security, seaport and harbor, and others.

Radar Security Market: Report Scope

Radar Security Market: Regional Analysis

The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe. The global radar security market is expected to experience significant growth in North America, as a result of the modernization of the United States and Canada, as well as the increasing concern for security and replenishment programs. Furthermore, the North American radar security market is expected to be driven by the increasing use of radars to locate and assess hostile targets in commercial aviation and military operations in the future.

Radar Security Market: Competitive Analysis

The global radar security market is dominated by players like:

• SAAB
• Rockwell Collins
• Northrop Grumman
• Boeing
• Thales Group Raytheon
• Israel Aerospace Industries
• BAE Systems
• Airbus Group
• Kelvin Hughes
• Cobham
• ATC Global
• Exelis
• Scanter
• Honeywell International
• Lockheed Martin
• Leonardo

This report segments the global radar security market into:

By Type Analysis

• Marine Surveillance Radar Systems
• Air Surveillance Radar Systems
• Perimeter Surveillance Radars

By Range Analysis

• Short Range
• Medium Range
• Long Range

By Application Analysis

• Border Security
• Critical Infrastructure
• Seaport and Harbor
• Others

By Regional Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa