GSR Systems Market Size

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. In the year 2024, the industry size of ground surveillance radar (GSR) systems is estimated at USD 38.14 Billion. The growth of the market can be attributed to the increasing aerospace sector. For instance, radar technology developments are making it possible to create more sophisticated and advanced ground surveillance radar systems. These systems are more appealing to clients since they're able to offer more precision and improved target identification skills. The domestic aviation market in India is anticipated to reach over USD 25 billion by 2024, making it the third largest worldwide.

In addition to these, factors that are believed to fuel the market growth of ground surveillance radar (GSR) systems include the rise in technological advancements in the field of radar systems. For instance, radar technology developments are making it possible to create more sophisticated and advanced ground surveillance radar systems. These systems are more appealing to clients since they're able to offer more precision and improved target identification skills. Additionally, the growing demand for environmental monitoring is predicted to present the potential for market expansion over the projected period