Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.12 Billion | USD 18.75 Billion | 6% | 2024 |
FrequentlyAsked Questions
The global security and surveillance radar market is expected to grow due to rising demand for border and critical infrastructure protection, advancements in AI-integrated radar systems, increasing defense budgets, and growing adoption of unmanned surveillance solutions.
According to a study, the global security and surveillance radar market size was worth around USD 11.12 Billion in 2024 and is expected to reach USD 18.75 Billion by 2034.
The global security and surveillance radar market is expected to grow at a CAGR of 6% during the forecast period.
Asia-Pacific is expected to dominate the security and surveillance radar market over the forecast period.
Leading players in the global security and surveillance radar market include Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Hensoldt (Germany), Israel Aerospace Industries Ltd. (Israel), and Leonardo S.p.An (Italy), among others.
The report explores crucial aspects of the security and surveillance radar market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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