The purpose of a surveillance radar is to employ radar technology to identify and track aircraft in the airspace surrounding airports as well as in the terminal area. It serves as the primary mechanism for controlling air traffic in the area around airports. Each target’s position is relayed to the radar processor as the surveillance radar passes it. The targets’ positions can be smoothed and their future locations can be anticipated after a series of scans and reports.
According to SPER market research, ‘Surveillance Radars Market Size – By Application, By Frequency Band, By Component, By Waveform, By Dimension, By Type, By Platform, By Range – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Surveillance Radars Market is predicted to reach USD 27.08 billion by 2033 with a CAGR of 10.74%.
Opportunities arise in the Surveillance Radars sector due to many factors. The market is growing as a result of technological developments that improve surveillance radar capabilities, such as phased array and multi-function radars. The need for surveillance radars in monitoring and security applications is growing as a result of increased infrastructure development and urbanization. The industry is growing because counterterrorism policies also encourage the use of surveillance radars to identify and foil any threats. With the use of autonomous drones and acoustic radar technology, border surveillance systems have advanced over time and continue to do so. To boost detection rates, these monitoring radars are positioned in key areas.
Nonetheless, as competition for radio frequency spectrum grows, the global market for surveillance radars has to contend with issues linked to spectrum congestion, which can cause interference and make it harder to get the right frequencies. High operating efficiency, the use of sophisticated systems, cross-platform interoperability, and a broad frequency range are all necessary for radar. Radars can function in extremely hostile situations, and any military equipment malfunction can have disastrous consequences. The French, Italian, and British fleets have contracted Thales to provide services under an agreement with OCCAR (Organization for Joint Arms Cooperation). This new major service agreement has a three-year term with a two-year option.
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Impact of COVID-19 on Global Surveillance Radars Market
The quick spread of COVID-19 throughout Europe, the US, and Asia Pacific has resulted in a sharp decline in the demand for surveillance radars worldwide. This has caused a reduction in revenue for a number of suppliers and service providers in all markets due to delayed deliveries, halted manufacturing, a shortage of personnel at manufacturing facilities, and a shortage of equipment. The production and expansion of businesses that produce surveillance radar systems were impacted by the shortage of electronic components. Industry analysts predict that by 2023, demand for surveillance radar will have fully recovered globally. Nonetheless, the market did saw a notable uptick in 2021, which can be linked to the growing amount of money being spent on defence across the globe on the acquisition of surveillance radars for military safety and security.
Surveillance Radars Market Key Players:
It is projected that Asia Pacific would grow at a spectacular rate during the projection period. The increase is brought about by rising defense spending as well as a rise in the purchase of advanced military radars from South Korea, China, and India. Rising expenditures on bolstering defense capabilities are a result of escalating cross-border confrontations, political unrest among surrounding nations, and an increase in terrorism. Additionally, some of the market key players are BAE Systems, Elbit Systems Ltd, FLIR Systems Ltd., Hensoldt, Honeywell International Inc., Israel Aerospace Industries Ltd, Leonardo S.P.A, Lockheed Martin Corporation, Raytheon Technologies and various others.
Surveillance Radars Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Application: Based on the Application, Global Surveillance Radars Market is segmented as; Air Defense, Airspace Monitoring & Surveillance, Airport Perimeter Security, Border Surveillance, Critical Infrastructures, Defense & Space, Isr & Battlefield Surveillance, ISR, Military Space Assets & Hostile Satellites, National Security, Perimeter Security, Search & Rescue, Others.
By Frequency Band: Based on the Frequency Band, Global Surveillance Radars Market is segmented as; HF/VHF/UHF-bands, L-bands, Multi-band, Ka-bands, C-bands, Ku-bands, S-bands, X-bands.
By Component: Based on the Component, Global Surveillance Radars Market is segmented as; Receivers, Duplexers, Power Amplifiers, Antennas, Cameras, Signal Processors, Transmitters, Others.
By Waveform: Based on the Waveform, Global Surveillance Radars Market is segmented as;
Conventional Doppler Radar, Doppler, Frequency Modulated Continuous Wave (FMCW), Pulse-Doppler Radar, Ultrawide-band Impulse.
By Dimension: Based on the Dimension, Global Surveillance Radars Market is segmented as;
2D, 3D, 4D.
By Type: Based on the Type, Global Surveillance Radars Market is segmented as; Air to Air Surveillance Radars, Air to Ground Surveillance Radars, Airport Surveillance Radars, Battlefield Surveillance Radars, Airborne Maritime Surveillance Radars, Coastal Surveillance Radars, Ground-Based Air Surveillance Radars, Ground-Based Space Surveillance Radars, Shipborne Air Surveillance Radars, Space-Based Synthetic Aperture Radars.
By Platform: Based on the Platform, Global Surveillance Radars Market is segmented as; Airborne, Land, Naval, Space.
By Range: Based on the Range, Global Surveillance Radars Market is segmented as;
Medium Range Surveillance Radar, Long-Range Surveillance Radar, Short Range Surveillance Radar.
By Region: This report also provides the data for key regional segments of Europe, North America, Middle East and Africa, Latin America, Asia-Pacific.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Surveillance Radars Market Challenges
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