Global Surveillance Radars Market Size By Product, By End User, By Geographic Scope And Forecast

Surveillance Radars Market Size And Forecast

Surveillance Radars Market was valued at USD 7.23 Billion in 2019 and is projected to reach USD 12.79 Billion by 2027, growing at a CAGR of 7.4% from 2020 to 2027.

The Global Surveillance Radars Market is primarily driven by the growing demand for monitoring and tracking and restricting illegal activities across the globe. Moreover, changing trends and growing developments in the integrated communications industry are likely to fuel the growth of the surveillance radars market in the near future. Rising demand for surveillance radars on civilians is also another driving factor that is expected to boom the market size during the next few years. However, high prices & initial setup costs may slow down the growth of the market. The Global Surveillance Radars Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Surveillance Radars Market Definition

Surveillance radar is a type of traffic monitoring and tracking radar-instrument approach. A radio transmitter and receiver are the only airborne radio equipment appropriate for radar approaches. There is a growing need for advanced radars for the identification of stealth aircraft and electronic-war radar monitoring. Monitoring radar manufacturers rely on aggressive pricing as their market share strategies. In addition, the main fields in which manufacturers concentrate are strategic fusions, acquisitions and technical advancement.

The aircraft is matched to the runway centre line by the radar controller. The control system retains the vectors until the pilot is able to complete the approach and landing visually on the surface. There are two types of radar approachesPrecision (PAR) and Tracking (ASR). A radar approach may be provided to aircraft in distress or expeditious traffic by any aircraft upon request, but an ASR may not be authorized unless an ATC operational requirement exists, or unusual circumstances or emergencies occur. Acceptance by a pilot of a PAR or ASR does not waive the weather minimum prescribed for the airport or the aircraft’s operator concerned.

Global Surveillance Radars Market Overview

Increasing demand from the defense coupled with a growing preference for surveillance radars is expected to augment market growth. Technological innovations for the development of cost-effective products are also expected to have a positive impact on growth. In addition, increasing product application scope owing to its advantages, such as accurate tracking & surveillance and electrical resistance, is expected to fuel the demand for surveillance radars market.

The necessity to improve machinery component durability to avoid high replacement costs in several end-use industries will propel the thermal spray coating market. Furthermore, increasing R&D spending for the development of new fusions will propel product demand. Stringent government regulations regarding the protection and stopping the trafficking will positively influence the surveillance radar market value.

Trends in the Global Surveillance Radars Market include market consolidation and technological advancements in processes and applications. However, the surveillance radars market requires very expensive apparatus, which can result in a high initial set up cost. These factors are likely to restrict the use of surveillance radars market, particularly on civilians.

Global Surveillance Radars Market Segmentation Analysis

The Global Surveillance Radars Market is Segmented On The Basis Of Product, End User, and Geography.

Surveillance Radars Market, By Product

• Land Borne Radars• Airborne Radars• Maritime Radars

Based on Product, the market is segmented into land borne radars, airborne radars, and maritime radars. Land borne radars dominate the global surveillance radar market. High adoption of maritime and airborne radars due to their suitability will drive the surveillance radars market.

Surveillance Radars Market, By End User

• Defense• Civilian

Based on End User, the market is bifurcated into Defense and Civilian. The Defense industry is the largest consumer of surveillance radars market. However, there is significant spurge in the application of surveillance radars on civilians.

Surveillance Radars Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

Based on regional analysis, the Global Surveillance Radars Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The North America is the largest market of surveillance radars. This growth is mainly attributed to the increasing cross border conflict, illegal trafficking and growing demand from various end-use segments or departments such as customs and defense.

Key Players In Global Surveillance Radars Market

The “Global Surveillance Radars Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Rockwell Collins, Exelis, Airbus Group, Honeywell International, Thales, Northrop Grumman, Israel Aerospace Industries, Finmeccanica, Lockheed Martin, and Cobham. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Surveillance Radars Market Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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