Surveillance Radar Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 11.46 Billion |
| Market Size (2029) | USD 15.57 Billion |
| CAGR (2024 - 2029) | 6.32 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Surveillance Radar Market Analysis
The Surveillance Radar Market size is estimated at USD 11.46 billion in 2024, and is expected to reach USD 15.57 billion by 2029, growing at a CAGR of 6.32% during the forecast period (2024-2029).
The investments in airport surveillance infrastructure by the government and airport operators for complications, like drone intrusion into the airspace, are expected to propel the demand for the surveillance radar market during the forecast period. The need to strengthen border security and the growing threat of missiles are generating the need for advanced radar systems. The principal manufacturers are heavily investing in radar technology to improve the operating range and detection capabilities. The surveillance radar segment is witnessing several innovations, such as the incorporation of 3D technology, augmented reality for better situational awareness, etc. The advancement in radar technology is anticipated to bolster the sales of surveillance radars in the coming future.
The surge in military modernization initiatives plays a pivotal role in driving the market for Surveillance radars. As nations prioritize upgrading their defense capabilities, surveillance emerges as an integral component of comprehensive defense modernization programs. The incorporation of state-of-the-art radar systems aligns with broader military strategies, contributing to sustained demand in the market.
Similarly, the rapid development of aviation infrastructure in developing economies, such as India and China, due to the increased air traffic that resulted from a rising standard of living and low airfares, is propelling the airport and runway development and, subsequently, the market for airport radar systems. Moreover, the increasing investments by OEMs to develop new and advanced radar systems for surveillance (counter-stealth technologies) are anticipated to bolster the growth of the market in the coming future.
There is a significant opportunity for OEMs in the development of multi-function radar systems that offer enhanced capabilities, such as simultaneous surveillance, tracking, and target identification. Additionally, the rapid adoption of unmanned aerial vehicles (UAVs) for military and civilian applications presents a growing market for radar systems that are tailored to detect aerial threats.
However, the surveillance radar market faces few restraints that could impact the growth over the forecast period. Primary restraint is the high cost associated with developing and deploying radar systems, particularly for countries with limited defense budgets. Moreover, stringent export controls on radar technology pose challenges for market players looking to expand their global footprint.
Surveillance Radar Market Trends
Military Segment Expected to Register The Highest CAGR during the Forecast Period
Increasing military expenditure of various countries worldwide, driven by global geopolitical tensions, is propelling the demand for developing and deploying surveillance radars for law enforcement and military applications. This trend is expected to drive the market of the military segment forward due to the critical nature of surveillance in defense operations. For instance, in November 2022, Indra Sistemas S.A. was awarded a contract worth USD 120 million for the upgradation and replacement of Germany's air surveillance radars with new technology.
With the steady investment of countries into strengthening their defense systems, the companies are developing and delivering new and advanced solutions to maximize their profits from the growing demand. For instance, in March 2023, the Indian Ministry of Defence signed two contracts with Bharat Electronics Limited (BEL) for USD 37 million to enhance the operational capabilities of the Indian Air Force. The contract pertains to Arudhra Medium Power Radars (MPR) supply for the Indian Air Force. The radar is also equipped with high-resolution radar imaging for detecting and tracking aerial targets.
Asia-Pacific is Expected to Generate Highest Demand During the Forecast Period
Asia Pacific is anticipated to show remarkable growth during the forecast period. The growth is due to increasing defense expenditures and the rising procurement of next-generation military radars from China, India, and South Korea.
Increasing cross-border conflicts, political disputes among neighboring countries, and growing terrorism lead to rising spending on enhancing defense capabilities. Moreover, the Asia Pacific region is witnessing rapid industrialization and urbanization, necessitating the requirement for advanced surveillance and security systems to safeguard critical infrastructure. These position the Asia Pacific region as a lucrative market for surveillance radar OEMs and suppliers.
China and India plan to construct more than 300 airports cumulatively by 2035. Such construction and modernization plans for airports in the region are expected to generate a demand for new airport surveillance radars during the forecast period. Also, the escalating territorial issues in the region are creating the need for enhanced surveillance systems across land and sea borders.
Countries are investing in developing and procuring indigenous radar systems to achieve these improved surveillance capabilities. With the recent tensions between nations and North Korea's missile tests in the region, countries like South Korea and Japan have also increased their surveillance capabilities.
Surveillance Radar Industry Overview
The surveillance radar market is highly competitive with many major OEMs catering to the requirement of radars for various military and commercial end users. Some of the prominent players in the surveillance radar market are Lockheed Martin Corporation, THALES, Leonardo S.p.A., RTX Corporation, and HENSOLDT AG. Among these, companies, like RTX Corporation, THALES, and HENSOLDT AG, support commercial as well as military applications, whereas Rosoboronexport, ASELSAN A.S., BAE Systems plc, and others support military applications only.
Similarly, for commercial applications, Airbus provides air surveillance radar systems. The presence of various manufacturers in the market for multiple applications and platforms makes the market fragmented. Currently, the companies are investing in R&D for the development of advanced radar systems and making plans for expansion into new regions. For instance, in March 2023, HENSOLDT AG signed an agreement to provide multi-mission surveillance radar PrecISR to one of the biggest airborne surveillance providers, CAE Aviation. With the growing focus on indigenization, several countries are investing in the development of radar systems locally, which is expected to make the market more competitive in the years to come.
Surveillance Radar Market Leaders
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Lockheed Martin Corporation
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Leonardo S.p.A.
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THALES
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HENSOLDT AG
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RTX Corporation
*Disclaimer: Major Players sorted in no particular order
Surveillance Radar Market News
September 2023: Lockheed Martin Corporation Rotary and Mission Systems received a USD 47.4 million contract for advanced radar technology solutions. As per the contract, Lockheed will likely develop digital expanded ultra-high frequency, multiple input, multiple output optimized radar that will apply to both next-generation platforms and current-generation platforms (such as the E-2D).
June 2023: the U.K. Ministry of Defence (MoD) awarded BAE Systems plc a 10-year contract worth USD 295 million to provide three main radar systems: Artisan, Sampson, and Long-Range Radar (LRR) to the Royal Navy. As per the contract, BAE Systems engineers will provide maintenance support and upgrade existing radars, including a rollout of technology upgrades to systems already in use, as well as those being mounted on the Royal Navy’s new Type 26 frigates.
January 2023: the U.S. Air Force Life Cycle Management Center at Hanscom Air Force Base, Mass., awarded a USD 412.6 million contract to Raytheon Missiles & Defense Systems to provide logistics support, engineering services, technical updates, spare parts, and other support under the Taiwan Surveillance Radar Program (AN/FPS-115 PAVE PAWS).
Surveillance Radar Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Platform
5.1.1 Airborne
5.1.2 Land
5.1.3 Sea
5.1.4 Space
5.2 Component
5.2.1 Antennas
5.2.2 Transmitters
5.2.3 Duplexers
5.2.4 Power Amplifiers
5.2.5 Receivers
5.2.6 Digital Signal Processors
5.2.7 Other components
5.3 Application
5.3.1 Commercial
5.3.2 Military
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Rest of Latin America
5.4.5 Middle-East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 Egypt
5.4.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 THALES
6.2.2 HENSOLDT AG
6.2.3 Lockheed Martin Corporation
6.2.4 RTX Corporation
6.2.5 Saab AB
6.2.6 BAE Systems plc
6.2.7 Elbit Systems Ltd.
6.2.8 ASELSAN A.S.
6.2.9 Leonardo S.p.A.
6.2.10 IAI
6.2.11 Airbus SE
6.2.12 Rosoboronexport
6.2.13 L3Harris Technologies, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Surveillance Radar Industry Segmentation
Surveillance radars are used to monitor various activities across critical infrastructure and installations such as airports, camps, borders, and harbors. These radars are utilized to detect and track non-linearly and non-cooperatively, as well as moving targets for national security.
The surveillance radar market is segmented by platform, components, and application. By platform, the market is segmented into airborne, land, sea, and space. By application, the market is classified into commercial and military. Based on components, the market is segmented into antennas, transmitters, power amplifiers, receivers, duplexers, digital signal processors, and other components. The report also covers the market sizes and forecasts for the surveillance radar market in major countries across different regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa).
For each segment, the market size is provided in terms of value (USD).
| Platform | |
| Airborne | |
| Land | |
| Sea | |
| Space |
| Component | |
| Antennas | |
| Transmitters | |
| Duplexers | |
| Power Amplifiers | |
| Receivers | |
| Digital Signal Processors | |
| Other components |
| Application | |
| Commercial | |
| Military |
| Geography | |||||||
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Surveillance Radar Market Research FAQs
How big is the Surveillance Radar Market?
The Surveillance Radar Market size is expected to reach USD 11.46 billion in 2024 and grow at a CAGR of 6.32% to reach USD 15.57 billion by 2029.
What is the current Surveillance Radar Market size?
In 2024, the Surveillance Radar Market size is expected to reach USD 11.46 billion.
Who are the key players in Surveillance Radar Market?
Lockheed Martin Corporation, Leonardo S.p.A., THALES, HENSOLDT AG and RTX Corporation are the major companies operating in the Surveillance Radar Market.
Which is the fastest growing region in Surveillance Radar Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Surveillance Radar Market?
In 2024, the North America accounts for the largest market share in Surveillance Radar Market.
What years does this Surveillance Radar Market cover, and what was the market size in 2023?
In 2023, the Surveillance Radar Market size was estimated at USD 10.74 billion. The report covers the Surveillance Radar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Surveillance Radar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Surveillance Radar Industry Report
Statistics for the 2024 Surveillance Radar market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Surveillance Radar analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Surveillance Radar Market Report Snapshots
