The Global Market is estimated to be valued at $6.08 billion in 2014 and is expected to grow at a CAGR of 5.97% to reach $8.61 billion by 2019. The present global scenario is oriented towards incorporating more robust radars in air and missile safeguard methods and airborne surveillance methods. Space and maritime-based radars are witnessing leading technological improvements, globally, based on tracking capabilities. Technological developments such the Active Electronically Scanned Array and Phased Array systems are garnering demand for radars.
Browse more than 93 market data tables with 47 figures spread through 161 pages and in-depth TOC on "Security and Surveillance Radar Market".
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This report provides a market analysis of the security and surveillance radar market for the next five years. It provides an overview of drivers, challenges, and restraints impacting the industry. It also discusses about the industry, market, and technology trends that are currently prevailing in this market. It tracks, analyses, and lays out the market size of the major spenders in each region and analyses the market by defense and commercial applications. It also provides information about the leading players and their market share in the market.
Though the U.S. and Europe have the largest market for Security and Surveillance Radar systems, the recent economic slowdown in these western markets and increased tension in the Middle East and Asia-Pacific region have changed the dynamics of the market. Countries with emerging economies like Brazil, India, and South Africa will be more attractive for the market. Countries like South Korea, Japan, Canada, and Taiwan can drive the growth of the market.
A large number of civil applications of radars are also applied to the military purposes, especially the weather detection and navigation radars; moreover, radar is used for surveillance and security purpose and the control of weapons by the military. The purpose of surveillance radars is to detect and locate track targets when considering the military actions as well as in commercial aviation purpose.
The international military radar market has recently experienced a state of regional instability due to sweeping defense expenditure cuts. Higher tensions hovering over East Asia and the Middle East will create a pressing want for procurement of upgraded radars. Latin American countries like Brazil, Chile, and Argentina are identified as major spenders due to the need to monitor their forested areas and borders, establishing a wide area radar network
Radar Systems exist in various base applications like the Airspace Surveillance Radar, the Marine Surveillance Radar, and the Ground Surveillance Radar. With multiple parallel processors, the radar can operate as a multi-functional system to provide all application functionality from a single radar network. The security and surveillance radar systems use state-of-the-art, solid-state Doppler radar technology developed specifically for detection of low RCS targets in high clutter environments in target optimized S-band, X-band and combined S/X-band radar frequencies.
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