Surveillance Radar Global Market Report 2024

The surveillance radar market size has grown strongly in recent years. It will grow from $9.07 billion in 2023 to $9.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth observed in the historic period within the field of surveillance radar can be attributed to several significant factors. These include advancements in military defense technology, enhancements in air traffic control systems, progress in maritime surveillance capabilities, improvements in weather monitoring and forecasting techniques, and the development and implementation of early warning systems.

The surveillance radar market size is expected to see strong growth in the next few years. It will grow to $13.98 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The anticipated growth in the forecast period within the surveillance radar industry is expected to stem from several key factors. These include the increasing use of unmanned systems, integration of radar technology in smart city initiatives, advancements in counter-drone technology, modernization of infrastructure, and the integration of remote sensing capabilities with satellite systems. Key trends projected for this period encompass the development of multi-functional radar systems capable of diverse applications, the emphasis on interoperability and networking among radar systems, a focus on environmental sustainability in radar technology, integration with 5G technology for enhanced performance, and the implementation of persistent surveillance techniques. These trends are anticipated to significantly impact the landscape of surveillance radar technology and drive the industry's growth in the upcoming forecasted period.

The anticipated increase in military expenditure is poised to significantly contribute to the growth of the surveillance radar market. Military expenditure refers to the financial resources allocated by a country to build and maintain its armed forces or implement essential defense measures. The ongoing modernization and infrastructure development of defense services are key drivers behind the upward trend in military expenditure. This increased spending fosters research, development, and procurement of advanced surveillance technologies, leading to technological advancements and subsequent market growth in the surveillance industry. For instance, as of April 2023, the Stockholm International Peace Research Institute reported that North American military spending reached $904 billion in 2022, reflecting a 0.7% increase compared to the previous year. This surge in military expenditure is a significant driver for the growth of the surveillance radar market.

The rise in terrorism is also expected to propel the growth of the surveillance radar market. Terrorism, characterized by the use of violence and intimidation with the aim of instilling fear for ideological, political, or religious purposes, necessitates advanced security measures. Surveillance radar plays a crucial role in counterterrorism efforts by detecting, tracking, and monitoring potential threats, thereby enhancing situational awareness. According to the Global Terrorism Index by the Institute for Economics & Peace in March 2023, terrorist attacks became more deadly in 2022, with an average of 1.7 deaths per attack compared to 1.3 deaths in 2021. This escalation in terrorism incidents is a key factor driving the demand for surveillance radar systems to bolster security measures and counter potential threats.

Product innovation stands out as a prominent trend gaining momentum in the surveillance radar market, with major companies strategically focusing on the development of innovative products to reinforce their market positions. A notable example is Thales Group, a France-based technology company, which, in March 2021, introduced the RSM-NG, a digital secondary radar representing a new meta-sensor for safer air traffic management. The RSM-NG leverages a combination of ADS-B and radar data (Mode S) to facilitate quicker track initialization and provide higher-quality, more reliable information. This radar has the capability to simultaneously share 64 data outputs with multiple air traffic control centers while efficiently tracking up to 2,000 flight paths. Employing cutting-edge digital technology, the RSM-NG offers airports superior performance, enhanced cyber protection, and reduced life-cycle costs.

Major companies in the surveillance radar market are actively engaged in the development of advanced surveillance solutions, leveraging technologies such as transceiver technology to enhance security measures and drive market revenues. Transceiver technology, consolidating transmitter and receiver functions in a single unit for communication purposes, is exemplified by HENSOLDT UK, a UK-based manufacturer and supplier of maritime navigation. In January 2021, the company launched the SPEXER 600, a multi-mission X-Band ground-based surveillance radar featuring SharpEye solid-state transceiver technology. This radar, part of the SPEXER AESA radar family, offers a cost-effective, crew-portable, and field-deployable solution for detecting multiple threats in various environments. Equipped with built-in tracking capabilities, the lightweight and easily deployable SPEXER 600 can be controlled locally or remotely, catering to the complex operational needs of the battlefield and enhancing security for critical infrastructure.

In June 2022, ENAIRE, a Spanish aviation company, purchased six ADS-B Extended Squitter surveillance stations from Thales Group, the France-based technology company, for an undisclosed sum. This acquisition of Thales' ADS-B system aims to bolster surveillance security within ENAIRE's air traffic management system, thereby enhancing the safety and efficiency of air traffic management operations in Spain. Thales Group specializes in providing surveillance radars and related technology solutions.

Major companies operating in the surveillance radar market report are Raytheon Company, The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, Honeywell International Inc., BAE Systems plc., Thales Group, Leonardo S.p.A, L3HARRIS Technologies Inc., Serco Group plc, Elbit Systems Ltd., Israel Aerospace Industries Ltd., SAAB AB, FLIR Systems Ltd., ASELSAN A.Ş., Hensoldt AG, Cobham plc, SRC Inc., Therma A/S, Telephonics Corporation, Exelis Inc., RADA Electronic Industries Ltd., Kelvin Hughes Limited, Reutech Radar Systems, DeTect Inc., Blighter Surveillance Systems Ltd., Echodyne.

North America was the largest region in the surveillance radars market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surveillance radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the surveillance radar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The key components constituting surveillance radars include antennas, transmitters, power amplifiers, receivers, duplexers, digital signal processors, and other integral parts. Antennas, being metallic structures, play a crucial role in both emitting and receiving radio waves, aiding in precise determination of an object's location. Surveillance radars come in various types such as short-range, medium-range, and long-range, and are utilized across different platforms including airborne, ground-based, space, and naval installations. These radar systems cater to a diverse range of sectors including commercial, military, national security, aerospace, maritime operations, and various other applications.

The surveillance radars research report is one of a series of new reports that provides surveillance radars market statistics, including the surveillance radars industry's global market size, regional shares, competitors with surveillance radars market share, detailed surveillance radars market segments, market trends and opportunities, and any further data you may need to thrive in the surveillance radars industry. This surveillance radars market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The surveillance radars market consists of sales of parabolic reflector antennas, digital receiver, power amplifiers, and graphic panels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.