Surveillance Radar System Market Size

Surveillance Radar System Market Size

Surveillance Radar System Market size exceeded USD 7 billion in 2020 and is anticipated to grow at a CAGR of over 7% from 2021 to 2027. The market growth is attributed to increasing government spending on military warfare systems due to growing geopolitical conflicts across the globe.

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Growing accessibility to technologically advanced antenna techniques, agile RF transceivers, and sophisticated Digital-Signal Processing (DSP) is driving the market expansion. Advanced tracking and detection capabilities of Active Electronically Scanned Array (AESA) technology are creating robust market opportunities.

This technology enables higher frequency evolution for enhanced resolution through smaller phased array antennas. These radars are more effective and possess improved self-protection, targeting, and tracking abilities compared to conventional scanned radar systems which are mechanically operated.
 

Increasing levels of border security owing to a rising number of threats arising from terrorist attacks and cross-border tensions have led to the requirement for advanced surveillance radar systems. Government authorities and air traffic controllers are taking initiatives to strengthen their airport surveillance radar systems.
 

The major factor hampering the surveillance radar system market progression is the high maintenance cost associated with these products. High dependency on onboard equipment has increased the space requirement for installing critical components. Frequent maintenance and security system upgrading of surveillance radar systems credited to increasing attempts of a security breach by hackers are also adversely affecting the industry growth.
 

The COVID-19 pandemic hampered the market demand in 2020. Government restrictions and stringent lockdown measures have further affected R&D activities and industry statistics. As government bodies are mainly focused on economic recovery, various industries experienced a reduction in demand for surveillance radar systems.
 

The production and industry expansion of surveillance radar system manufacturers were impacted due to the shortage of electronic components. However, the market witnessed significant growth in 2021 attributed to the increasing procurement of surveillance radars for the safety and security of forces as a part of the defense expenditure globally.