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. Read More

What is the current Surveillance Radar Market size?

In 2024, the Surveillance Radar Market size is expected to reach USD 11.46 billion. Read More

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. Read More

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). Read More

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. Read More

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. Read More

Surveillance Radar Market - Size, Growth & Industry Share

Surveillance Radar Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Surveillance Radars Market Report is Segmented by Platform (Airborne, Land, Sea, and Space), Components (Antennas, Transmitters, Power Amplifiers, Receivers, Duplexers, Digital Signal Processors, and Other Components), Application (Commercial and Military), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

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.