The global Surveillance Radar market size is projected to grow from USD 8.0 billion in 2020 to USD 11.5 billion by 2025, at a CAGR of 7.6% from 2020 to 2025

NEW YORK, Aug. 27, 2020 /PRNewswire/ --

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The global Surveillance Radar market size is projected to grow from USD 8.0 billion in 2020 to USD 11.5 billion by 2025, at a CAGR of 7.6% from 2020 to 2025. The market is driven by various factors, such as the advancement in border surveillance systems, ongoing military modernizations, demand for border surveillance, and the need for advanced air defense systems among others.
The Surveillance Radar market includes major players Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Hensoldt (Germany), Israel Aerospace Industries Ltd. (Israel), and Leonardo S.p.A (Italy). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East & Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect surveillance radar production and deliveries by 3% to 5% globally in 2020.
Ground Based Air Surveillance Radars: The largest market share segment of the surveillance radar market, by Type "

Ground based air surveillance radars is the largest market share segment of the surveillance radar market, by type.The growth of this segment can be attributed due its availability of of cost-efficient unmanned aerial vehicle (UAVS) for airborne surveillance.

The requirement for air defense systems is expected to drive the ground-based surveillance radars segment during the forecast period.L3Harris (US) offers a ground-based tactical air surveillance radar (TSAR) for air traffic control and air surveillance.

The radar uses a sidelobe antenna and a solid-state transmitter and supports the high-resolution, full-color display.
Space: The fastest-growing segment of the surveillance radar market, by platform. "
The space segment is projected to grow at the fastst growing segment during the forecast period due to increasing demand for enhanced imaging technology.Synthetic aperture radar (SAR) is the most commonly used surveillance radar for space.

Other types of space surveillance radars are Inverse Synthetic Aperture Radar (ISAR) and tracking radars. For example, the US Space Surveillance Network detects, tracks, and identifies objects which travel in Earth's orbit.

Frequency Modulated Continuous Wave (FMCW):: The fastest-growing segment of the Surveillance Radar market, by waveform"
Frequency Modulated Continuous Wave (FMCW) is the fastest-growing segment of the Surveillance Radar market.The growth of this segment can be attributed due to increased dependency of low power transmission devices derive the segment.

Frequency modulated continuous wave (FMCW) radar radiates continuous transmission power like a simple continuous-wave radar.

North America:: Region with highest market share in the Surveillance Radar market.

The North America region of the Surveillance Radar market has the highest market share during the forecast period.The surveillance radars market in the North American region is expected to witness substantial growth during the forecast period due to the ongoing modernizations of aircraft, ships, border surveillance systems, among others.

According to an article published in by The Intercept on 25th August 2019, the US Customs and Border Patrol (CBP) are planning to install 10 surveillance towers across the Arizona border under a USD 26 million contract with Elbit Systems (Israel).Cross-border conflicts, high illegal immigration rates, and drug trafficking have led to the US Homeland Security investing heavily in border security and detection systems.

The US Customs and Border Protection has started installing surveillance towers across the Texas border.

Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1–35%; Tier 2–45%; and Tier 3–20%
• By Designation: C Level–35%; Directors–25%; and Others–40%
• By Region: North America–40%; Europe–30%; Asia Pacific–20%; Middle East & Africa–5%; and South America-5%

The Surveillance Radar market includes major players Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Hensoldt (Germany), Israel Aerospace Industries Ltd. (Israel), and Leonardo S.p.A (Italy) are some of the leading players operating in the Surveillance Radar market report.

Research Coverage
The study covers the Surveillance Radar market across various segments and subsegments.It aims at estimating the size and growth potential of this market across different segments based on component, application, dimention, range, waveform, type, frequency, application, and region.

This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Reasons to Buy this Report
This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall surveillance radar market and its segments.This study is also expected to provide region wise information about the applications, wherein surveillance radar is used.

This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.

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