Airport Surveillance Radar Market
Surveillance Radar Market is projected to reach USD 12.01 Billion by 2030 and register a CAGR of 9.99% by 2022-2030.
Airport Surveillance Radar refers to the radar system used at airports to detect and indicate the presence of aircraft and the location of trucks in the terminal area of the airspace around the airport. This is the main air traffic control system for airspace around airports.
Increased military spending and the development of new and existing airports can be attributed to the development of the global Airport Surveillance Radar Market Overview. Around the world, aircraft have evolved exponentially, demonstrating the need for adequate control systems, such as airport surveillance radar, to minimize aircraft accidents. Aviation investors are beginning to adopt satellite-based technologies to expand their air traffic control activities through space technology development. The rise in demand for airspace has produced the need for next-generation technology to make air transport safer, effective, and environmentally friendly. The growth of the market is accelerated by a higher number of airports and surveillance radar systems with satellite navigation systems for air traffic control operators to monitor aircraft.
The Airport Surveillance Radar Market will reach a value of USD 1.98 Billion in the forecast period and a healthy CAGR of over 6.49% during the forecast period.
Following is the Airport Surveillance Radar Market Players
- Aselsan AS (Turkey)
- Blighter Surveillance Systems Ltd (UK)
- DeTect Inc. (US)
- Elbit Systems Ltd. (Israel)
- Flir Systems, Inc. (US)
- GEM Elettronica (Italy)
- L3 Harris Technologies (US)
- Israel Aerospace Industries Ltd (Israel)
- Leonardo Spa (Italy)
- Lockheed Martin Corporation (US)
Other Prominent Players
- Hensoldt (Germany)
- Honeywell International Inc. (US)
- Raytheon Company (US)
- Saab AB (Sweden)
- Thales Group (France)
The Airport Surveillance Radar Market is fragmented into type and application.
The type of segment has Primary Radars and Secondary Radars. The primary radar segment dominated the global market. The highest market share predicted is due to the growing investment by the governments of developed countries in airport expansion.
The application section is categorized into Civil Commercial Airports and, Military Airbases Airfields. The military airbases and airfields segment will grow at the fastest CAGR during the forecast period. The rise in security expenditures by governments is driving the segment's growth.
The geographical growth of the Airport Surveillance Radar Market Size was seen in the most prominent regions such as the Asia Pacific, North America, Europe, and the rest of the world.
The North American regions like US and Canada are noticing higher demand due to growing US government spending on airport modernization. Moreover, technological developments and the existence of major industrial players such as Raytheon Group, Northrop Grumman Corporation, and Lockheed Martin Corporation drive the market's growth.
The European region is accounted for the second-biggest share of the market. The regional market's growth is led by the involvement of prominent players such as ASELSAN AS, BAE Systems, and Thales Group.
Asia-Pacific holds a significant proportion of the global economy. The region's demand is propelled by the rise in air passenger traffic in emerging economies like China and India and the increasing need to boost passenger safety.
The Middle East Africa accounted for a substantial share of the overall economy was accounted for by the Middle East Africa due to the growing construction of new airports in countries such as the UAE. The demand in Latin America is due to the arrival of low-cost airlines in the area is projected to fuel the development of the Latin American radar market for airport surveillance.
In February 2022- Taiwan has disclosed that it has chosen Thales to offer support in modernizing its airport surveillance systems for the airports of Songshan, Hualien, and Taitung through new radar systems will take the place of the present technology soon reaching their life expectancy.
Surveillance Radar Market Research Report: Information By Type (Battlefield Surveillance Radars, Ground-Based Space Surveillance Radars, Ground-Based Air Surveillance Radars, Coastal Surveillance Radars, Airport Surveillance Radars, Air-To-Air Surveillance Radars, Space-Based Radars and Shipborne Surveillance Radars), Component (Antennas, Transmitters, Duplexers, Power Amplifiers, Receivers and others), Platform (Land, Naval, Airborne and Space), Frequency Band (UHF- VHF-Bands; L-Band; C-Band; S-Band; X-Band and K-), Application - Forecast till 2030
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