SURVEILLANCE RADARS MARKET TO REACH USD 13.1 BILLION BY 2027 | CAGR 7.5% – FORENCIS RESEARCH

Global Surveillance Radars Market: Key Highlights

• According to the new market research report “Surveillance Radars Market  by Type (Battlefield Surveillance Radars, Airborne Maritime Surveillance Radars, Space-Based Synthetic Aperture Radars, Ground-based Space Surveillance Radars, Coastal Surveillance Radars, Airport Surveillance Radars, Ground-Based Air Surveillance Radars and Air-to-Air  Surveillance Radars), by Dimension (2D, 3D, 4D), by Waveform (Frequency Modulated Continuous Wave (FMCW), Doppler, Pulse-Doppler Radar and Ultrawide-Band Impulse), by Frequency Band (HF/ VHF/UHF, L-band, C-band, S-band, X-band, Ku-band and Ka-band), by Range (Short-Range, Medium-Range and Long-Range), by Platform (Land, Naval, Submarines, Airborne and Space), by Application (Airspace Monitoring, Border Surveillance, Defense & Space, Air Defense and National Security), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global Surveillance Radars Market is estimated to reach USD 13.1 Billion by 2027 at a CAGR of around 7.5% during the review period.
• The Surveillance radar is used for air traffic control, which measures the distance of the targets with the help of detected reflections of radio signals.
• Moreover, these radar system is also being used at airports to detect and display the presence and position of aircraft in the terminal area. These will lead to enhance the demand of the market adoption in the forecast period.

Global Surveillance Radars Market: Key Market Dynamics

• With the growing demand for growing border surveillance systems is witness to enhance the growth of the market in the forecast period. Whereas, the border surveillance system is advancing features in autonomous drones as well as in the acoustic radar technology.
• One of the major key concern of the surveillance radars market regulatory issues to sales for overseas consumer as well as complexity in the radar system which may challenges the growth of the market.
• High adoption rate of ground surveillance systems for military which will lead to create a key opportunities for the growth of the surveillance radars system market in the forecast period.
• Rising advancement in radar technology will create various advantages and function for the adoption of the surveillance radar market.

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Global Surveillance Radars Market: Regional Overview

• North America:

The region is witness to increase the demand of the market in the projected period with the high market share. Whereas, with the advancement in the modernization of the aircraft and ships will lead to significance growth of the market in the region. However, the region consists of major original component manufacturers (OCMs) and original equipment manufacturers (OEMs) such as Raytheon Company, L3Harris, and various other will create an advantage of the market adoption rate in the region.

Hence, the extensive R&D spending in the aerospace & defense industry is also propel the demand for the market in the forecast period. Also, with the growing in development of surveillance towers across the US-Mexico border is projected to fuel the growth of the surveillance radars market in region in the forecast period.

• Asia-Pacific:

The region is projected to witness the high growth in ground surveillance radar market with initiatives taken by countries in the region such as China, India, and Japan. Also, with the growing adoption of radar security systems in the region will improve the demand of the market. Whereas, the region is also engaged in improving security and surveillance capabilities for the growth and development of the countries. Hence, the increasing aerospace and military spending is also boost the market growth. These may lead to increase the market adoption in the forecast period.

Global Surveillance Radars Market: Key Players Overview

• Lockheed Martin Corporation:

The company is an American aerospace, security, arms and advanced technologies company. Also, it is a global security company which major research, design, and integrates advanced technology products and services. The company radars is being designed with the highest degree of commonality and fully integrated SSR systems. Also, it being operate in all environments, are available in highly mobile configurations, and are deployed globally.

Hence, in 2019 the company are jointly pursuing the US Federal Aviation Administration Spectrum Efficient National Surveillance Radar (SENSR) contract for the advancement of the US surveillance and air traffic control radars.

• HENSOLDT:

The HENSOLDT is Multinational Corporation which mainly works on sensor technologies for protection and surveillance missions in the defense. Whereas, in 2019, the company secured a contract with worth USD 22.8 million from the Norwegian Coast Guard for the purpose to supply of the advance version of its TRS-3D naval radar and Monopulse Secondary Surveillance Radar (MSSR) 2000 I IFF system.

Hence, the company supplier customers all over the globe with air traffic control and IFF solutions for military and civilian applications.

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