• 出版社/出版日：Mordor Intelligence / 2020年4月20日
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The surveillance radar market is anticipated to grow at a CAGR of more than 4% during the forecast period.
– The investments into airport surveillance infrastructure by the government, as well as airport operators for complications like drone intrusion into the airspace, are propelling the demand for surveillance radar market during the forecast period.
– The need to strengthen border security as well as the growing threat of missiles is generating a need for advanced radar systems.
– The major manufactures are heavily investing in radar technology, to improve the operating range as well as detection capabilities. The advancement in radar technology is anticipated to bolster the sales of surveillance radars in the coming future.
Key Market Trends
Military Segment will Grow at Highest CAGR During the Forecast Period
The increasing military expenditure of various countries around the world driven by the geopolitical tension around the world are propelling the demand for development and deployment of surveillance radars for law enforcement and military applications. Recently, in March 2020, The Armament Inspectorate of the Polish MoD signed an agreement worth USD 9.18 million to procure 93 PGSR-3i Beagle radars with an option of additional 11 radars. The delivery of the radars is anticipated to be completed by the end of 2022. The steady investment of countries into strengthening their defense systems, the companies are developing and delivering new and advanced solutions to maximize their profits from the growing demand. For instance, in February 2020, Dynamite Global Strategies launched DSR-3X Drone Surveillance Radar, a new series of drone surveillance radar sensors that can detect Class 1 and Class 2 drones in low-altitude airspace. The radar is also equipped with high-resolution radar imaging for the detection of swarms of drones. The procurement, as well as developments, are bolstering the growth of the military segment during the forecast period.
Asia-Pacific Region is Expected to Generate the Highest Demand During the Forecast Period
The on-going territorial issues along with the transformation of the countries like China and India into major aviation hubs in the region are anticipated to boost the procurements of new surveillance radars. Currently, China and India plan to construct more than 300 airports cumulatively by 2035. Such construction and modernization plan of airports in the region will generate demand for new airport surveillance radars during the forecast period. Also, the escalating territorial issues in the region are generating the need for enhanced surveillance systems across land and sea borders. Achieve this enhanced surveillance capabilities, the countries are investing in the development and procurement of indigenous radar systems. For instance, in 2019, China developed an advanced compact size maritime surveillance radar with extended range. The new radar will allow surveillance and monitoring over the entire country’s maritime territory, which traditional radars cover only 20%, thereby enhancing its information-gathering capabilities in the South China Sea, Indian Ocean, and the Pacific Ocean. Similarly, South Korea indigenously developed and deployed a new type of ground-based radar system for maritime surveillance in September 2019. The country plans to deploy an additional 10 units by 2025 in phases. For aforementioned reasons, the market for surveillance radars in Asia-Pacific region is expected to grow with the highest CAGR during the forecast period.
Some of the prominent players in the surveillance radar market are Lockheed Martin Corporation, Thales Group, Leonardo S.p.A., Raytheon Company, and HENSOLDT Holding Germany GmbH. Amongst these, companies like Raytheon Company, Thales Group, and HENSOLDT Holding Germany GmbH among others support commercial as well as military applications whereas Rosoboronexport, ASELSAN A.S, and BAE Systems plc among other support military applications only. Similarly, for commercial applications, Airbus provides Air Surveillance Radar Systems. The presence of various manufacturers in the market for various applications and various platforms, makes the market fragmented. Currently, the companies are investing in R&D, for the development of advanced radar systems and making plans for expansion into new regions. For instance, in 2019, HENSOLDT delivered for airborne multi-mission surveillance radar PrecISR 1000 to QinetiQ, which will install these systems on a Pilatus PC-12 special operations aircraft.
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1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.3.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.3.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Thales Group
6.2.2 HENSOLDT Holding Germany GmbH
6.2.3 Terma Group
6.2.4 Lockheed Martin Corporation
6.2.5 Raytheon Company
6.2.6 Saab AB
6.2.7 BAE Systems plc
6.2.8 Elbit Systems Ltd.
6.2.9 ASELSAN A.S.
6.2.10 Leonardo S.p.A.
6.2.11 Israel Aerospace Industries Ltd.
6.2.12 Airbus SE
6.2.14 SRC, Inc.
6.2.15 L3Harris Technologies Inc
7 MARKET OPPORTUNITIES AND FUTURE TRENDS