The surveillance radars market is projected to grow from USD 8.3 billion in 2019 to USD 11.9 billion by 2025, at a CAGR of 6.3% during the forecast period.
The market is driven by various factors, such as the rising demand for air surveillance, border surveillance, and airport surveillance. Additionally, ongoing military modernization programs worldwide, development of advanced combat systems for improved situational awareness, and increasing defense expenditure of emerging countries are some of the other factors expected to fuel the market during the forecast period. However, complexity in integration and high operational cost are the major challenges for this market.
A surveillance radar is primarily used to scan 360 degrees at altitude and provide information on the range and altitude of an object. It is a system that detects the presence, direction, distance, and speed of aircraft, ships, and other objects, by sending out pulses of radio waves which are reflected off objects back to the source.
Leonardo S.p.A, (Italy), Israel Aerospace Industries (Israel), Hensoldt (Germany), Lockheed Martin Corporation (US), and Raytheon Company (US) are some of the leading players that manufacture advanced surveillance radars and multi-function radars for the naval, land, and airborne platforms.
These systems are flexible and reliable, which helps engage a wide range of targets with highly-advanced tracking and identification capabilities.
