Market Share of Surveillance Radar Industry
The surveillance radar market is highly competitive with many major OEMs catering to the requirement of radars for various military and commercial end users. Some of the prominent players in the surveillance radar market are Lockheed Martin Corporation, THALES, Leonardo S.p.A., RTX Corporation, and HENSOLDT AG. Among these, companies, like RTX Corporation, THALES, and HENSOLDT AG, support commercial as well as military applications, whereas Rosoboronexport, ASELSAN A.S., 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 AG 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
Lockheed Martin Corporation
Leonardo S.p.A.
THALES
HENSOLDT AG
RTX Corporation
*Disclaimer: Major Players sorted in no particular order
