The radar security market is expected to grow from USD 17.85 Billion in 2016 to USD 25.17 Billion by 2022

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Radar Security Market by Surveillance Type
(Ground, Air, Marine), Range (Long, Medium,
Short), Application (Border Security, Seaport and
Harbor, Critical Infrastructure), and Geography -
Global Forecast to 2022
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According to the new market Radar Security
Market by Surveillance Type (Ground, Air,
Marine), Range (Long, Medium, Short), Application
(Border Security, Seaport and Harbor, Critical
Infrastructure), and Geography - Global Forecast
to 2022 Research report on the radar security
market, the said market is expected to grow from
USD 17.85 Billion in 2016 to USD 25.17 Billion in
2022, at a CAGR of 5.90 during the forecast
period. The radar security market is driven by
the rising demand for radar systems worldwide
since militaries seek to replace legacy systems.
Rising territorial conflicts and geopolitical
instabilities in the Middle East and APAC is also
a key factor responsible for the growth of the
market. Furthermore, defense budget cuts in
developed economies shifted the focus toward
miniaturization automation of defense and
security systems is expected to propel the radar
security market. PDF Brochure
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id29273491

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Ground surveillance radar (GSR) systems are
expected to lead the global radar security market
between 2016 and 2022 Ground surveillance radar
(GSR) systems held a major market share in 2015.
The market for GSR systems is expected to grow
between 2016 and 2022. The adoption rate of GSR
systems is high for the military as well as
homeland security applications. In addition,
these systems are also used in detecting and
tracking aircraft at low altitude. These are the
key factors contributing for a large market share
of GSR systems among other types of the radar
security systems. The border security
application is expected to hold the largest
market share in 2016 There will be a significant
rise in the market for the border security
application between 2016 and 2022 controlling
terrorist activities across the borders,
monitoring human trafficking and illegal entry of
immigrants, securing imports and exports at the
borders are the major drivers for the adoption of
radar security systems in border security
applications
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High adoption of radar security systems for the
application of highway safety systems and
anti-collision systems for trains is expected to
contribute to the growth of the market for these
applications at the highest rate during the
forecast period. The APAC region is expected to
grow at the highest rate between 2016 and
2022 The APAC region is expected to grow at the
highest CAGR between 2016 and 2022. The main
drivers for this growth is countries such as
China, India, and Japan are aggressively taking
initiatives such as heavy investments in RD for
the development and adoption of radar security
systems in the region. Along with this, terrorism
is the prime concern for the Asia-Pacific region,
owing to which countries in the APAC region are
looking to enhance their surveillance and
security capabilities. The present market is
dominated by the players such as Thales SA
(France), Lockheed Martin Corporation (U.S.),
Saab AB (Sweden), Raytheon Company (U.S.), and
Elbit Systems Ltd. (Israel) among many others.
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Browse gtgt 71 market data
tables 53 figures
167 Pages and in-depth TOC on Radar
Security Market- Global Forecast to 2022 Early
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