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Surveillance Radar System Market Share
- Report ID: GMI5145
- Published Date: Oct 2021
- Report Format: PDF
Surveillance Radar System Market Share
Prominent companies operating in the market include :
- L3HARRIS Technologies
- Leonardo S.p.A
- Northrop Grumman Corporation
- BAE Systems
- Therma A/S
- Thales Group
- Raytheon Company
- SAAB AB
- L&T Defence
- Lockheed Martin Corporation
- HENSOLDT
- Elbit Systems Ltd
- FLIR Systems, Inc
- Israel Aerospace Industries Ltd
Market leaders are emphasizing on launching advanced surveillance radar system solutions and mergers & acquisitions to expand their global footprints.
Frequently Asked Questions (FAQ) :
Market size of surveillance radar system surpassed USD 7 billion in 2020 and it will observe around 7% CAGR between 2021 and 2027 on account of increasing investments in military warfare systems.
Europe air surveillance radar system industry could witness a 5% CAGR up to 2027 due to the development of new and existing airports.
Short range radar contributed around 40% share towards U.S. market in 2020 and will grow with demand for border surveillance, vehicle protection, and air space monitoring.
Hardware components in Asia Pacific accounted for around 80% of the market share in 2020 and will witness a similar trend due to the penetration of AI-equipped sensors and cameras.
Leonardo S.p.A., L3HARRIS Technologies, BAE Systems, Northrop Grumman Corporation, Raytheon Company, Thales Group and Lockheed Martin Corporation are some of the key players in in market.
Surveillance Radar System Market Scope
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