Global security and surveillance radar market is expected to register a CAGR of around 7% from 2017 to 2025.
Portland, OR -- (SBWIRE) -- 06/13/2018 -- Security & surveillance radar systems are useful for national security to detect and track small, low cross-section, non-linear, and non-cooperative moving targets. The radar technology detects, monitors, and sends alerts regarding intrusions in a specified perimeter on land, air, and water. These systems can be programmed for detection of a wide range of objects that intrude perimeters or zones and give automated audible and visual notifications to security personnel and authorities. The objects include aircrafts, vehicles, personnel, helicopters, unmanned aerial systems, ships, and others. The types of radar systems used for security and surveillance are marine surveillance radar system, airborne surveillance radar system, and the ground surveillance radar system.
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Market Drivers and Restraints:
The global security and surveillance radar market is driven by factors such as rise in incidents of wars & disputes, stringent measures taken for national security, increase in number of navigation radars used in unmanned aerial vehicles (UAV). Moreover, emergence of era of modernization of air-defense networks and the development of active electronically scanned array (AESA) technology supplements growth of the industry. However, the dynamic nature of military operations along with issues related to deployment of radars on the border would restrict growth of the market.
By Platform Type
Maritime security & surveillance radar
Land-based security & surveillance radar
Airborne security & surveillance radar
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
Key Market Players:
Key players operating in the global security and surveillance radar market are analyzed in the study to assist leading players and new entrants determine competition in the market along with steps to be taken to gain leadership status. Industry players analyzed in the research include Lockheed Martin, Northrop Grumman Corp., Rockwell Collins, SAAB AB, Thales SA, BAE Systems, Finmeccanica SPA, Honeywell International Inc., Raytheon Co., and Airbus Group. They have adopted various strategies such as collaborations, mergers & acquisitions, partnerships, expansions, joint ventures, and others to strengthen their position in the global industry.
Key Takeaways from the Report:
The study offers a detailed analysis of the global security and surveillance radar market based on current market conditions and estimations for the future.
The research offers extensive information on changing market dynamics to assist industry players determine current scenario and investment feasibility.
The report offers detailed analysis of drivers, restraints, and opportunities along with their impact on the market.
The research on the global security and surveillance radar market offers comprehensive analysis and statistics for the historic and forecast periods along with steps to be taken to gain strong position in the industry.
Trends in the market are discussed for the period, 2014–2025, along with changing financial scenario of the industry.
Porter's Five Forces analysis provides insights on competitive intensity of the industry and outlines potency of suppliers and buyers.