Surveillance Radars Market Share

  • Report ID: 6731
  • Published Date: Nov 22, 2024
  • Report Format: PDF, PPT

Surveillance Radars Market Share

APAC Market Statistics

APAC surveillance radar market is growing rapidly, driven by increasing geopolitical tensions, defense modernization programs, and rising demand for advanced surveillance solutions. Increasing investments in smart city projects, and the rising need for civil infrastructure protection are major drivers of the region’s market. Furthermore, rising instances of natural disasters and climate-related challenges, in addition to civilian applications such as traffic monitoring have spurred demand for radar systems in disaster management and weather monitoring in Asia Pacific.

India market is projected to register considerable growth in the coming years. Domestic manufacturing under the Make in India program is boosting the region’s market, in addition to increasing the budget for defense, and cross-border security concerns. The military spending of India in 2023 was estimated at USD 83.6 billion, according to Statista 2024.  Protection of strategic assets, including offshore installations, and air traffic management systems is driving the demand further in the country.

China market is driven by its ambitions in space exploration and satellite-based surveillance, enhancing both civilian and military capabilities. The country’s Belt and Road Initiative (BRI) has increased the demand for infrastructure security, further boosting investments in radar systems. Moreover, advancements in drone technology and the integration radar for counter drone-solutions are gaining momentum, and strategically enhancing the market growth.

North America Market Analysis

North America surveillance radar market is expected to dominate revenue share of around 41.8% by the end of 2037. The market is driven by high defense budgets, growing security concerns, and technological advancements. Growing demand for border surveillance and counter-drone solutions further fuels market growth. Statista July 2024 stated that the U.S. led the ranking of the countries with the highest military spending in 2023, with USD 916 billion dedicated to the military, over 40% of the total military spending worldwide. Such increasing investments and spending will boost the market during the forecast period significantly.

With a strong presence of leading manufacturers, the U.S. invests heavily in R&D to develop cutting-edge radar systems for military, aviation, and critical infrastructure applications. U.S. dominates the North America market owing to military and homeland security investments. The country prioritizes modernizing its defense infrastructure, adopting AI-integrated radar systems, and space-based surveillance. Strategic government initiatives and collaborations with private companies drive innovation and sustain market leadership.

Canada market focuses on maritime monitoring and Arctic sovereignty. The country invests in radar systems tailored to harsh environmental conditions and supports domestic production through government contracts. Collaborations with allied nations, particularly the U.S. enhance the country’s radar capabilities while ensuring compliance with international defense standards.

Research Nester
Surveillance Radars Market Size
Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 6731
  • Published Date: Nov 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the surveillance radar market was over USD 37.3 billion.

The market size for the surveillance radar market is projected to reach USD 66.9 billion by the end of 2037 expanding at a CAGR of 5% during the forecast period i.e., between 2025-2037.

The major players in the market are Dassault Aviation, General Dynamics Corporation, Honeywell International Inc., Lockheed Martin Corporation, and others.

In terms of component segment, the hardware segment is anticipated to garner the largest market share by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 41.8% by the end of 2037 and provide more business opportunities in the future.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample