Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 8.25% during the review period (2022 to 2027)
A surveillance radar is an electronic device used to detect the position and velocity of an object located at a distance such as an aircraft, ship, or automobile. Radar systems detect electromagnetic rays with the help of a receiver and provide the position and distance of the object. They offer reliable discovery of any object that falls within the discovery cones, which makes them the ideal solution for collision evasion and driver assistance. However, the employed competence of radar systems drops with an growth in the distance between the object and the system.The Global Surveillance Radar Market is projected to grow at a CAGR of around 8.25%during the forecast period. The growth of the market is driven primarily by the mounting focus of administrations of different countries worldwide on consolidation their own defence sectors, i.e., displaying massive savings in procuring the latest skills & equipment. It, in turn, is proud a growing demand for shadowing locators and driving the global market.
The assignment of these systems is majorly to determine the location, bearing, & range of the airplane and deliver the information to the pilots, thereby enabling them to keep a safe & orderly flow of air traffic in the airspace. Moreover, with the rapidly growing air traffic owing to improving financial conditions, changing living standards, and mounting preference for air travel, the number of aircraft fleets is swiftly escalating for commercial applications and, as a result, augmenting the demand for shadowing radars & augmenting the overall market growth.
April 28, 2022: Blighter Surveillance Systems (‘Blighter’, www.blighter.com) the British designer and manufacturer of electronic-scanning military radars and surveillance solutions, has been awarded a contract to supply vehicle-mounted tactical radars on an Unmanned Ground Vehicle (UGV) for a Northern European NATO customer for border security applications.
JAN 3, 2022: L3Harris Technologies (NYSE:LHX) announced a new alignment and organization of core businesses, moving from four to three focused segments: Integrated Mission Systems, Space and Airborne Systems and Communication Systems.
Top Key Players in the Airborne Systems Surveillance Radar Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report include Aselsan AS (Turkey), Blighter Surveillance Systems Ltd (UK), DeTect Inc. (US), Elbit Systems Ltd. (Israel), Flir Systems, Inc. (US), GEM Elettronica (Italy), L3 Harris Technologies (US), Israel Aerospace Industries Ltd (Israel), Leonardo Spa (Italy), Lockheed Martin Corporation (US) and Others.
By Type, Airborne Systems Surveillance Radar Market has been segmented into
By Application, Airborne Systems Surveillance Radar Market has been segmented into
North America dominates the surveillance radar market. This trend is projected to continue during the forecast period due to the presence of prominent players such as Flir Systems, Inc. Europe: The increasing adoption of advanced systems by the military organizations in Europe for performing intelligence, surveillance, and reconnaissance missions are expected to boost the demand for surveillance radar systems in the review period. The increase in defense expenditures by countries such as Saudi Arabia, the UAE, and Israel is driving the market growth in the Middle East & Africa.
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 8.25% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Aselsan AS (Turkey), Blighter Surveillance Systems Ltd (UK), DeTect Inc. (US), Elbit Systems Ltd. (Israel), Flir Systems, Inc. (US), GEM Elettronica (Italy) |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 118 |
Customization Available | Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What CAGR is the market is projected to grow in the forecast period (2022-2027).
The market is projected to grow at a CAGR of 8.25% during the forecast period (2022-2027).
Which is the leading segment in the market?
The ground-based segment is probable to lead the market during the forecast period.
Who is the leading player in the market?
Raytheon Technologies is the leading player in the global market.
Who are the key players in Surveillance Radar Market?
Aselsan AS (Turkey), Blighter Surveillance Systems Ltd (UK), DeTect Inc. (US), Elbit Systems Ltd. (Israel), Flir Systems, Inc. (US), GEM Elettronica (Italy), L3 Harris Technologies (US), Israel Aerospace Industries Ltd (Israel), Leonardo Spa (Italy), Lockheed Martin Corporation (US)
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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