Security And Surveillance Radar Market Growth, Size, Share, Trends, and Forecast 2032

Table Of Content

Methodology

Free Analysis

Radar is known as an object-detection system that takes radio waves to decide the altitude, range, speed, or direction of objects. Radar security systems are useful to detect ships, motor vehicles, aircraft, and people. The radar antenna or dish transmits pulses of microwaves or radio waves that bounce off every object in their way. A small part of the wave's energy is returned by the object to the antenna or dish that is typically located at the same site as the transmitter.

The growth of global security and surveillance radar market is mainly driven by the rise in the number of navigation radars used by UAV (Unmanned Air Vehicles). Increasing demand for lightweight radars, energy-efficient over traditional radars, and amplified procurement for national security are some of the major factors predicted to contribute to the security and surveillance radar market growth in the analysis period. In addition, topical issues such as on East and South China seas coupled with modernization and replenishment programs are estimated to surge the demand for security and surveillance radars in the analysis period. Uncertainty and changes in military operations may pose to be a major challenge for the security and surveillance radar market growth. Further, technology advancements in the radar system are expected to open up new growth opportunities for the security and surveillance radar market in the near future.

Based on the type of platform, the global security and surveillance radar market is bifurcated into maritime security and surveillance radar, land-based security and surveillance radar, and airborne security and surveillance radar. Maritime security and surveillance radar are predicted to be the most lucrative type of platform for security and surveillance radar market. Land-based security and surveillance radar are also likely to show remarkable growth in the analysis period.

North America held the largest market share for the security and surveillance radar market in 2017. Modernization and replenishment programs in the region emerged as a primary factor which fuelled the growth of security and surveillance radar market in coming years. Current technological advancement paired with the energy efficiency of this radar and increasing demand for land-based security and surveillance radar is expected to be some of the major driving factors to fuel the demand for security and surveillance radar market in Europe. In addition, Asia Pacific is considered as the fastest growing market and is estimated to hold the highest CAGR due to the low cost of security and surveillance radar compared to traditional radars.

Some of the noticeable players in the global security and surveillance radar market are ATC Global, Exelis, Scanter, Honeywell International, Northrop Grumman, SAAB, Rockwell Collins, Finmeccanica, BAE Systems, Cobham Plc, Thales Group, Boeing, Raytheon Co., Airbus Group, Lockheed Martin, Israel Aerospace Industries, and Kelvin Hughes, amongst others.