Surveillance Radars Market to See CAGR of 6.3% from 2019-2025
September 16, 2019 | PRNewswireEstimated reading time: 2 minutes
The surveillance radars market is projected to grow from $8.3 billion in 2019 to $11.9 billion by 2025, at a CAGR of 6.3% from 2019 to 2025. Some of the factors that are expected to fuel the growth of the surveillance radars market are the rising need for advanced surveillance radars to detect stealth aircraft and surveillance radars with electronic warfare countermeasures.
The airborne segment is estimated to grow at the largest share during the forecast period due to the increasing demand for airborne surveillance radars for intelligence, surveillance, and reconnaissance (ISR).
Based on the platform, the airborne segment is estimated to grow at the largest share during the forecast period due to the ongoing radar modernization programs by countries.The use of airborne radars for intelligence, surveillance, and reconnaissance (ISR) are increasing globally.
Air-to-surface and air-to-air surveillance are vital for gathering information on enemy locations, targets, and possible threats.Airborne surveillance allows for better battlefield surveillance.
Various countries, such as the US, Canada, and India, have upgraded their airborne surveillance capabilities to include modern 3D surveillance radars.
Based on application, the defense & space segment is estimated to account for the largest share of the surveillance radars market in 2019.The need for modern surveillance systems for border protection, ISR, and battlefield management are driving the demand for surveillance radars in the defense & space segment.
Modern surveillance radars are linked to battlefield management systems which enable commanders to take strategic, tactical decisions after analyzing the situation from a 360-degree angle. Surveillance radars provide vital information about the location and strength of enemy troops.
Based on the frequency band, the X-band segment is estimated to grow at the highest CAGR during the forecast period. X-Bands are reserved for government and military applications only.
X-Bands are the most commonly used frequency for military surveillance radars due to its ability to provide better target resolution. X-bands are widely adopted in marine radars.
X-band antennas are relatively smaller, and can be installed on smaller vehicles, and are one of the reasons why it is preferred.
The North American region is expected to lead the surveillance radars market in 2019.The market in the region is highly competitive, owing to the presence of a large number of original component manufacturers (OCMs) and original equipment manufacturers (OEMs) such as L3Harris, Raytheon Company, and Blighter Surveillance Systems, among others.
Increase in development of surveillance towers across the US-Mexico border is expected to drive the growth of the surveillance radars market in North America during the forecast period.
Suggested Items
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.
Real Time with... IPC APEX EXPO 2024: Pluritec's Expansion and Growth in the North American Market
04/19/2024 | Real Time with...IPC APEX EXPONicola Doria, president of Pluritec, discusses the company's strategic focus on the North American market, their investment in a new sales organization, service expansion, and a new process integration line. The conversation also covers market response and future installations, as well as Pluritec's new partnership with IEC.
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Real Time with... IPC APEX EXPO 2024: Exploring Silicone Solutions with R&D Director of CHT
04/17/2024 | Real Time with...IPC APEX EXPOIn this interview, Gerry Ellis, the R&D director for CHT, discusses the product range offered by his company. He explains the challenges in creating base formulations, the drive to make products more user-friendly, and the various application techniques involved. Ellis also highlights the key market segments and the significance of providing efficient solutions to customers.
Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.