The Surveillance Radar Industry Market Outlook and Trends (2020-2025)

1. TheSurveillanceRadarIndustryMarket: Outlook and Trends for Upcoming 5Years The report "Surveillance Radars Marketby Application (Commercial, National Security,Defense&Space),Platform(Land,Airborne,Naval,Space),FrequencyBand (HF, UHF & VHF; L; S; C; X; Ku; Ka; Multi-bands), Dimension, Component, Region- Global Forecast to2025", size is projected to grow from USD 8.0 billion in 2020 to USD 11.5 billionby 2025, at a CAGR of7.6% from 2020 to 2025. The surveillance radar market is influenced by several factors, increasing conflicts, immigration including cross-border highillegal rates,and drug trafficking, leadingto a rising demand for border security and detection systems. Additionally, ongoing modernizationsofaircraftandships,alongwithadvancementsinbordersurveillance systems, are expected to drive the market's growth. There is also a growing need for advanced air defense systems to detect and track airborne threats, which isfurther boosting the demand for surveillance radars in the market. Ask for Sample Report@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=35330984 Surveillance radars are widely used in various applications such as defense and space,airtrafficcontrol,weathermonitoring,andothers.Themarketforsurveillance radars has seen significant growth in recent years and is expected to continue to expand in the coming years. The global surveillance radar market is dominated by major players such as Raytheon Technologies Corporation, Lockheed Martin Corporation, Hensoldt, Israel Aerospace Industries Ltd., and Leonardo S.p.A. The COVID-19 pandemic has impacted the surveillance radar market, with industry experts predicting a 3% to 5% reduction in global production in 2020. Despite this setback,thedefenseandspacesegmentisprojectedtoleadthemarketshareduring the forecast period. The demand for 3D surveillance radars for air defense, border protection, and drone-based surveillance for intelligence, surveillance, and reconnaissance (ISR) is expected to drive growth in thissegment. The long-range radar segment is estimated to hold the largest market share during the forecast period. These radars are used for long-distance tracking and accurate location, and can engage multiple targets simultaneously while resisting electronic jamming.TheX-bandsegmentisalsoexpectedtoleadthesurveillanceradarmarket, particularly in military applications, due to its better target resolution for long-range applications.

2. NorthAmericaisprojectedtoholdthehighestmarketshareinthesurveillanceradar market during the forecast period. Ongoing modernizations of aircraft, ships, and border surveillance systems, as well as increasing cross-border conflicts, illegal immigrationrates,anddrugtrafficking,haveledtosignificantinvestmentsinborder security and detection systems by the US Homeland Security. For example, the US CustomsandBorderPatrol(CBP)isplanningtoinstall10surveillancetowersacross the Arizona border under a USD 26 million contract with ElbitSystems. Overall,thesurveillanceradarmarketisexpectedtogrowsignificantlyinthecoming years, with a particular focus on defense and space applications, long-range radar technology, and the X-band frequencysegment. News Also Covered: https://www.prnewswire.com/news-releases/surveillance- radars-market-worth-11-5-billion-by-2025--exclusive-report-by- marketsandmarkets-301113867.html AboutMarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth forclients. TheB2Beconomyiswitnessingtheemergenceof$25trillionofnewrevenuestreams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Contact: Mr. Aashish Mehra MarketsandMarkets™INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA:1-888-600-6441