GSR Systems Market Analysis

  • Report ID: 4004
  • Published Date: Jul 25, 2024
  • Report Format: PDF, PPT

GSR Systems Market Analysis

 Application (Home Security, Aerospace & Defense, Critical Infrastructure)

The global ground surveillance radar (GSR) systems market is segmented and analyzed for demand and supply by application into home security, aerospace & defense, critical infrastructure, and others. Out of the four applications of ground surveillance radar (GSR) systems, the aerospace & defense segment is estimated to gain the largest market share in the year 2036. The growth of the segment can be attributed to the increased spending in the aerospace and defense sector across the globe. Demand for ground surveillance radar systems is probably going to rise along with spending in the aerospace and defense industries. For instance, to improve their surveillance and intelligence capabilities and respond to new security threats, aerospace and defense firms may choose to invest in the development of advanced ground surveillance radar systems. Further, ground surveillance radar systems are crucial for aerospace and defense operations as they are utilized for several tasks, including seeing and following enemy movements, and giving military troops situational awareness.  In 2021, the total global military spending increased by over 0.5%. The top five spenders in 2021 were the US, China, India, the UK, and Russia, who together accounted for more than 60% of expenditure.

Product  (Short, Medium, Long)

The global ground surveillance radar (GSR) systems market is also segmented and analyzed for demand and supply by product type into short-range, medium-range, and long-range. Amongst these three segments, the long-range segment is expected to garner a significant share in the year 2036. The growth can be attributed to the growing need for long-range radar security systems for air surveillance systems, air mapping systems, and weapon control systems. The demand for long-range radar systems, particularly those that offer advanced features such as high resolution, high accuracy, and reliable performance, is anticipated to increase in response to the increasing need for long-range radar security systems for air surveillance, air mapping, and weapon control systems. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global market includes the following segments:

       By Product Type

  • Short-Range
  • Medium-Range
  • Long-Range

      By Application

  • Home Security
  • Aerospace & Defense
  • Critical Infrastructure
  • Others
 
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Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 4004
  • Published Date: Jul 25, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of ground surveillance radar (GSR) systems is estimated at USD 38.14 Billion.

The ground surveillance radar (GSR) systems market size was over USD 35.61 Billion in 2023 and is poised to cross USD 95.68 Billion by the end of 2036, growing at more than 7.9% CAGR during the forecast period i.e., between 2024-2036. Rising demand for border protection and the growing terrorism are the major factors driving the market growth.

North America industry is predicted to have the highest growth through 2036, impelled by increasing investments in air missile systems and ballistic missiles.

Saab AB, Company OverviewThales SA, Lockheed Martin Corporation, Raytheon Company, FLIR Systems Inc., Israel Aerospace Industries Ltd., Kongsberg Gruppen, DeTect Inc., SRC Inc., Elbit Systems Ltd.
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