Surveillance Radar Market 2023-2032 : Industry Analysis, Size, Share, Growth And Forecast | Raytheon Company, The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, Honeywell International Inc

The Surveillance Radar Global Market Report 2023, provides comprehensive information on the surveillance radar market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Surveillance Radar Global Market Report 2023, the global surveillance radars market is expected to grow from $8.28 billion in 2022 to $9.07 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The surveillance radars market is expected to reach $12.81 billion in 2027 at a CAGR of 9%.

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Product innovation has emerged as a key trend gaining popularity in the surveillance radar market. Major companies operating in the surveillance radar market are concentrating on developing innovative products to strengthen their position in the market. For instance, in March 2021, Thales Group, a France-based technology company, launched the new digital secondary radar RSM-NG, a new meta-sensor for safer air traffic management. The RSM NG combines ADS-B and radar data (Mode S) for quicker track initialization and higher-quality, more reliable information. The radar can simultaneously share 64 data outputs with several air traffic control centers while tracking up to 2,000 flight paths. The radar uses cutting-edge digital technology to give airports superior performance, cyber protection, and reduced life-cycle costs.

The surveillance radar market is segmented:

1) By Component: Antennas, Transmitters, Power Amplifiers, Receivers, Duplexers, Digital Signal Processors, Other Components

2) By Radar Type: Short Range, Medium Range, Long Range

3) By Platform: Airborne, Ground, Space, Naval

4) By Application: Commercial, Military, National Security, Aerospace, Maritime, Other Applications

North America  was the largest region in the surveillance radar market in 2022.

The table of contents in TBRC’s surveillance radar market report includes:

1. Executive Summary
2. Surveillance Radar Market Characteristics
3. Surveillance Radar Market Trends And Strategies
4. Surveillance Radar Market – Macro Economic Scenario
5. Global Surveillance Radar Market Size and Growth

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32. Global Surveillance Radar Market Competitive Benchmarking
33. Global Surveillance Radar Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Surveillance Radar Market
35. Surveillance Radar Market Future Outlook and Potential Analysis

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