Press Release   -

Surveillance Radars Market to Reach Valuation of USD 12.7 Billion by 2028 - Growing Public Spending in Advanced Surveillance Technology, growing demand for Next-Generation Military Aircraft, and Upgrading of Older Military Equipment are Driving Market Expansion

From the period of 2022 to 2028, the Global Surveillance Radars Market is expected to reach USD 12.7 Billion in terms of revenue, growing at a Compound Annual Growth Rate (CAGR) of 7.4%.

The government and airport operators' investments in airport surveillance infrastructure for issues such as drone intrusion into the airspace are projected to drive the demand for surveillance radar market over the forecast period. The need for upgraded radar systems is being driven by the need to strengthen border security and the growing threat of missiles. Radar technology is being heavily invested in by the major manufacturers in order to enhance operating range and detecting capabilities. Radar technological advancements are expected to boost sales of Surveillance Radars Market in the near future. In addition, the growing demand for military aircraft fleet modernization programs has resulted in an increase in new aircraft orders, which is expected to fuel market growth. Similarly, increased military spending on fighter jets outfitted with advanced radar technology to improve defense capabilities is likely to boost the surveillance radar market forward throughout the forecast period. Furthermore, advancements in border surveillance systems, an increase in geopolitical conflicts, and an increase in demand for lightweight radars for aerial vehicles all contribute to market growth.

Key Highlights from the Report

• On the basis of Component, the market is segmented into Antennas, Parabolic Reflector Antennas, Slotted Waveguide Antennas, Planar Phased Array Antennas, Active Scanned Array Antennas, Passive Scanned Array Antennas, Transmitters, Solid-State Electronics, Receivers, Analog Receivers, Digital Receivers, Power Amplifiers, Traveling Wave Tube Amplifiers (TWTA), Microwave Tube-Based Transmitters, Solid-State Power Amplifiers, Gallium Arsenide (GAAS), Gallium Nitride (GAN), Duplexers, Branch Type Duplexers, Circulator Duplexers, Digital Signal Processor, Stabilization System, Circulator Duplexers, Balanced Type Duplexers, Control Panels, Graphic Panels, Displays, Others. During the anticipated period, Digital Signal Processors are expected to hold the biggest market share. A digital signal processor functions as a computer, conducting all command and control activities using signal processing. Previously, systems relied on analog signal processing techniques. In the most recent digital signal processing, high-end processors such as Field Programmable Gate Array (FPGA), Graphics Processing Unit (GPU), and general-purpose processors are employed.

• On the basis of Dimension, the market is categorized into 3D, 2D, and 4D. The 3D Surveillance Radar market is expected to be the largest and fastest-growing category. The 3D Surveillance Radars Market transcend the limitations of 2D radars. In 3D radars, active electronically scanned arrays with digital beamforming capabilities are employed. These radars are vital for air defense and other applications that demand precise target coordinates. For surveillance, certain 3D radars employ stacked beams. The digital beamforming approach has allowed 3D Surveillance Radars Market to progress. Portable 3D radars for short-range aviation surveillance are available from Saab AB (Sweden). Giraffe 1X is a lightweight 3D radar that can be placed on a variety of mobile platforms and used to track drones and warn of approaching rocket, artillery, and mortar rounds. The radar can classify 100 distinct targets at the same time.

• Asia Pacific is the fastest regional segment in terms of growth. Asia-Pacific is expected to be the fastest-growing area due to raising defense spending on military land and naval-based systems. Furthermore, increased passenger traffic from emerging economies such as China and India is expected to drive market expansion, as Surveillance Radars Market play an important role in air traffic control. The ongoing territorial disputes, as well as the development of nations such as China and India into major aviation centers in the area, are expected to drive procurements of new surveillance radars. To acquire these better surveillance capabilities, countries are investing in the development and procurement of indigenous radar systems.

Market Dynamics:

Improvements to border surveillance systems

Border surveillance systems have changed throughout time and continue to make significant advances, such as the use of autonomous drones and acoustic radar technologies. Man-portable field Surveillance Radars Market for border protection have enabled some nations to more effectively secure their boundaries. These Surveillance Radars Market are strategically placed to maximize detection rates. Modern Surveillance Radars Market with low false alarm rates have encouraged countries with border conflicts, drug trafficking issues, and illegal immigration to rely on these modern radars to help with border protection.

The increasing procurement of next-generation combat aircraft will drive up demand for radar-based systems.

The capacity of next-generation combat aircraft to give high tactical capabilities during warfare has boosted demand from countries such as the United States, China, and India. Border and coastal security concerns have increased demand for UAVs outfitted with surveillance radars. Furthermore, increased demand for military aircraft fleet modernization programs has resulted in an increase in new aircraft orders, which is projected to drive market expansion. Similarly, rising military spending on fighter jets equipped with advanced radar technology to bolster defensive capabilities is expected to drive growth in the surveillance radar market over the forecast period.

During the projection period, the Surveillance Radar market in North America has the largest market share. The North American Surveillance Radars Market is predicted to increase significantly during the forecast period, owing to continuing modernizations of aircraft, ships, and border surveillance systems, among other things. Due to the presence of significant military organizations like Raytheon Technologies, Northrop Grumman Corporation, and Lockheed Martin Corporation in the area, it is expected to dominate the market over the projection period. Furthermore, top military aircraft manufacturers such as the Boeing Company and Bombardier Inc. are one of the primary causes of the region's market growth.

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