Surveillance Radar Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Surveillance Radars Market Forecast and is Segmented by Platform (Airborne, Land, Sea, Space), Components (Antennas, Transmitters, Power Amplifiers, Receivers, Duplexers, Digital Signal Processors, and Others), Application (Commercial, Military), and Geography (North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa). The market sizing and forecasts have been provided in value (USD billion) for all the above segments.

Surveillance Radar Market Size

Single User License
Team License
Corporate License
Book before:
Surveillance Radar Market Summary
share button
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.48 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Surveillance Radar Market

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

OFF

Team License

OFF

Corporate License

OFF
Book before:

Surveillance Radar Market Analysis

The surveillance radar market is anticipated to grow from USD 8,172.46 million in 2022 to USD 13,372.61 million in 2028, registering a CAGR of 7.48% during the forecast period.

The COVID-19 pandemic caused the aerospace and defense (A&D) manufacturing industry to be shaken up in a way that had never happened before. But the defense sector stayed stable and grew because most countries didn't cut their defense budgets and stayed committed to keeping their military power. The market is growing because more money is being spent on defense around the world, and more money is being spent on buying advanced radar systems for military communications. According to the Stockholm International Peace Research Institute (SIPRI), despite the pandemic, global defense spending reached USD 1981 billion in 2020.

The investments in airport surveillance infrastructure, by the government and airport operators, for complications, like drone intrusion into the airspace, are expected to propel the demand for the surveillance radar market during the forecast period. The need to strengthen border security and the growing threat of missiles are generating the need for advanced radar systems. The principal manufactures are heavily investing in radar technology to improve the operating range and detection capabilities. The advancement in radar technology is anticipated to bolster the sales of surveillance radars in the coming future.Also, factors like rising geopolitical tensions and research and development (R&D) in surveillance radars are likely to give market leaders a positive traction.

Surveillance Radar Market Trends

Military Segment Expected to Register Highest CAGR during the Forecast Period

Increasing military expenditure of various countries worldwide, driven by global geopolitical tensions, is propelling the demand for developing and deploying surveillance radars for law enforcement and military applications. Recently, in November 2022, Indra Sistemas was awarded a contract worth USD 120 Million for the upgradation and replacement of Germany's air surveillance radars with new technology. With the steady investment of countries into strengthening their defense systems, the companies are developing and delivering new and advanced solutions to maximize their profits from the growing demand. For instance, in March 2023, The Indian Ministry of Defence signed two contracts with Bharat Electronics Limited (BEL) for USD 37 Million to enhance the operational capabilities of the Indian Air Force. The contract pertains to Arudhra Medium Power Radars (MPR) supply for the Indian Air Force. The radar is also equipped with high-resolution radar imaging for detecting and tracking aerial targets. The procurement, as well as developments, are bolstering the growth of the military segment during the forecast period.

surveillance radar market segment

Asia-Pacific Region Expected to Generate Highest Demand During the Forecast Period

Asia Pacific is anticipated to show remarkable growth during the forecast period. The growth is due to increasing defense expenditures and the rising procurement of next-generation military radars from China, India, and South Korea. Increasing cross-border conflicts, political disputes among neighboring countries, and growing terrorism lead to rising spending on enhancing defense capabilities.

China and India plan to construct more than 300 airports, cumulatively, by 2035. Such construction and modernization plans for airports in the region are expected to generate a demand for new airport surveillance radars during the forecast period. Also, the escalating territorial issues in the region are creating the need for enhanced surveillance systems across land and sea borders. Countries are investing in developing and procuring indigenous radar systems to achieve these improved surveillance capabilities. With the recent tensions between nations and missile tests done by North Korea in the region, countries like South Korea and Japan have also increased their surveillance capabilities. In December 2021, Korea Aerospace Industries (KAI) has been awarded a contract worth USD 675 million by the Defense Acquisition Program Administration of South Korea for developing and manufacturing four intelligence, surveillance, and reconnaissance (ISR) aircraft for the Republic of Korea Air Force (RoKAF).Developments such as these rae driving the growth of the market during the forecasted period.

surveillance radar market geography

Surveillance Radar Industry Overview

Some of the prominent players in the surveillance radar market are Lockheed Martin Corporation, THALES, Leonardo SpA, Raytheon Technologies Corporation, and HENSOLDT AG. Among these, companies, like Raytheon Technologies Corporation, THALES, and HENSOLDT AG, support commercial as well as military applications, whereas Rosoboronexport, ASELSAN AS, BAE Systems PLC, and others support military applications only. Similarly, for commercial applications, Airbus provides Air Surveillance Radar Systems. The presence of various manufacturers in the market for multiple applications and platforms makes the market fragmented. Currently, the companies are investing in R&D for the development of advanced radar systems and making plans for expansion into new regions. For instance, in March 2023, HENSOLDT signed an agreement to provide multi-mission surveillance radar PrecISR to one of the biggest airborne surveillance providers, CAE Aviation. With the growing focus on indigenization, several countries are investing in the development of radar systems locally, which is expected to make the market more competitive in the years to come.

Surveillance Radar Market Leaders

  1. Lockheed Martin Corporation

  2. Leonardo S.p.A.

  3. Raytheon Technologies Corporation

  4. THALES

  5. HENSOLDT AG

*Disclaimer: Major Players sorted in no particular order

Surveillance Radar Market Concentration
bookmark Need More Details on Market Players and Competitors?
Download PDF

Surveillance Radar Market News

  • In January 2023, The United States Air Force Life Cycle Management Center at Hanscom Air Force Base, Mass., awarded a USD 412.6 million contract to Raytheon Missiles & Defense Systems to provide logistics support, engineering services, technical updates, spare parts, and other support under the Taiwan Surveillance Radar Program (AN/FPS-115 PAVE PAWS).
  • In September 2022, Kongsberg Defence & Aerospace (KONGSBERG) and Lockheed Martin signed a contract for KONGSBERG's support of the delivery of the TPY-4 radar to Norway for the Norwegian Radar Sensor (NORSE) Project.

Surveillance Radar Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Platform

      1. 5.1.1 Airborne

      2. 5.1.2 Land

      3. 5.1.3 Sea

      4. 5.1.4 Space

    2. 5.2 Component

      1. 5.2.1 Antennas

      2. 5.2.2 Transmitters

      3. 5.2.3 Duplexers

      4. 5.2.4 Power Amplifiers

      5. 5.2.5 Receivers

      6. 5.2.6 Digital Signal Processors

      7. 5.2.7 Others

    3. 5.3 Application

      1. 5.3.1 Commercial

      2. 5.3.2 Military

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 South Korea

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Rest of Latin America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 United Arab Emirates

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Egypt

        4. 5.4.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 THALES

      2. 6.2.2 HENSOLDT AG

      3. 6.2.3 Lockheed Martin Corporation

      4. 6.2.4 Raytheon Technologies Corporation

      5. 6.2.5 Saab AB

      6. 6.2.6 BAE Systems PLC

      7. 6.2.7 Elbit Systems Ltd

      8. 6.2.8 ASELSAN AS

      9. 6.2.9 Leonardo S.p.A

      10. 6.2.10 Israel Aerospace Industries Ltd

      11. 6.2.11 Airbus SE

      12. 6.2.12 Rosoboronexport

      13. 6.2.13 L3Harris Technologies Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Surveillance Radar Industry Segmentation

Surveillance radars are used to monitor various activities across critical infrastructure and installations such as airports, camps, borders, and harbors. These radars are utilized to detect and track non-linearly and non-cooperative, as well as moving targets for national security.

The surveillance radar market is segmented by platform, components, and application. By platform, the market is segmented into airborne, land, sea, and space. By application, the market is classified into commercial and military. Based on components, the market is segmented into antennas, transmitters, power amplifiers, receivers, duplexers, digital signal processors, and others. By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The market sizing and forecasts have been provided in value (USD billion) for all the above segments.

Platform
Airborne
Land
Sea
Space
Component
Antennas
Transmitters
Duplexers
Power Amplifiers
Receivers
Digital Signal Processors
Others
Application
Commercial
Military
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Egypt
Rest of Middle-East and Africa
customize-icon Need A Different Region Or Segment?
Customize Now

Surveillance Radar Market Research FAQs

The Surveillance Radar Market is projected to register a CAGR of 7.48% during the forecast period (2024-2029)

Lockheed Martin Corporation, Leonardo S.p.A., Raytheon Technologies Corporation, THALES and HENSOLDT AG are the major companies operating in the Surveillance Radar Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Surveillance Radar Market.

The report covers the Surveillance Radar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Surveillance Radar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Surveillance Radar Industry Report

Statistics for the 2024 Surveillance Radar market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Surveillance Radar analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Surveillance Radar Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)