Surveillance Radars Market Size, Share, Growth Analysis, By Type(Land - Based Surveillance Radars, Airborne Surveillance Radars, and Naval Surveillance Radars.), By Application(Military and Defense, Homeland Security and Commercial.), By Region - Industry Forecast 2024-2031

Global Surveillance Radars Market size was valued at USD 8.9 Billion in 2022 and is poised to grow from USD 9.83 billion in 2023 to USD 21.86 Billion by 2031, at a CAGR of 10.5% during the forecast period (2024-2031).

Radars are used to monitor activities at key infrastructure and facilities such as airports, camps, borders, and ports. These probes are employed for national security purposes to detect and monitor non-linear, cooperative, and moving targets. It is also utilised to boost border security in the commercial and defence sectors. These radar systems are capable of operating on a variety of platforms, including ground, marine, aviation, and space. Radars are a critical component of border security activities. The majority of radars use the S-band frequency range. These systems are mostly used for search and targeting. Air-to-ground radars can also be utilised in aerospace and maritime security applications to screen a variety of targets such as aircraft, ultralight aircraft, stealth, Unmanned Aerial Vehicles (UAV) and Unmanned Aerial Systems (UAS), helicopters, boats, and ships. As a result, the radar assists military and defence personnel in their tactical missions in unfamiliar locations and operates within their line of sight.

The industry is expanding as more money is spent on defence around the world, as well as on purchasing improved radar systems for military communications. Despite the epidemic, global defence spending is expected to reach USD 1981 billion in 2020, according to the Stockholm International Peace Research Institute (SIPRI). The government and airport operators' investments in airport surveillance infrastructure for issues such as drone intrusion into the airspace are projected to drive demand for the surveillance radar market during the forecast period. The need for upgraded radar systems is being driven by the need to strengthen border security and the growing threat of missiles. Radar technology is being heavily invested in by the major manufacturers in order to enhance operating range and detecting capabilities. Radar technological advancements are expected to boost sales of surveillance radars in the near future.Furthermore, variables such as increased geopolitical tensions and R&D in surveillance radars are likely to give market leaders an advantage.

US Surveillance Radars Market is poised to grow at a sustainable CAGR for the next forecast year