Global Surveillance Radar market projected to reach $11.5 billion by 2025 - PowerPoint PPT Presentation

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Global Surveillance Radar market projected to reach $11.5 billion by 2025

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The global Surveillance Radar market size is projected to grow from USD 8.0 billion in 2020 to USD 11.5 billion by 2025, at a CAGR of 7.6% from 2020 to 2025. – PowerPoint PPT presentation

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Title: Global Surveillance Radar market projected to reach $11.5 billion by 2025


1
The report on the Surveillance Radar Market
provides a detailed trend analysis from 2018 to
2025. It discusses industry and technology trends
currently prevailing in the market, along with
drivers, restraints, challenges, and
opportunities that influence the growth of the
market. The global Surveillance Radar market
size is projected to grow from USD 8.0 billion
in 2020 to USD 11.5 billion by 2025, at a CAGR
of 7.6 from 2020 to 2025. The market is driven
by
various factors, such advancement in
as the border ongoing
surveillance systems,
military modernizations, demand for border
surveillance, and the need for advanced air
defense systems among others. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id35330984 Based on the dimension,
the 3D segment is projected to grow at the
highest CAGR during the forecast period. The
growth of this segment can be attributed to the
need for modern drone surveillance for
airports, air defense systems, airborne defense
systems, and modern naval surveillance radars for
surface-to-surface and surface- to-air
surveillance. Saab AB (Sweden) offers portable 3D
radars for short-range air surveillance. Giraffe
1X is a lightweight 3D radar, which can be
integrated on multiple mobile platforms and can
be used to track drones and provide a warning
against incoming rocket, artillery, and mortar
rounds. The radar is capable of classifying 100
different targets simultaneously. Based on the
component, the digital signal processors segment
of the market is projected to grow at the
highest CAGR during the forecast period. The
growth in this segment can be attributed to the
extensive use of active and passive
electronically scanned array surveillance radars
in the defense space segment. Digital signal
processors can decode Radio Frequencies (RF), and
Immediate Frequency (IF) quickly and encrypt or
decrypt information to be transmitted in a short
span of time. Digital signal processors are a
prerequisite to using Active Electronically
Scanned Array surveillance radars. Based on the
platform, airborne segment of the market is
estimated to have the largest share during the
forecast period. The airborne segment includes
fighter aircraft, helicopters, and unmanned
aerial vehicles. The growth in the use of
electronic warfare has made countries invest in
radars with in-built electronic warfare
countermeasure systems. The ongoing military
modernizations for aircraft
2
surveillance radars are expected to have a
significant impact on the surveillance radars
market in North America. Based on the region, the
North America region of the Surveillance Radar
market has the highest market share during the
forecast period. The surveillance radars market
in the North American region is expected to
witness substantial growth during the forecast
period due to the ongoing modernizations of
aircraft, ships, border surveillance systems,
among others. According to an article published
in by The Intercept on 25th August 2019, the US
Customs and Border Patrol (CBP) are planning to
install 10 surveillance towers across the Arizona
border under a USD 26 million contract with
Elbit Systems (Israel). Cross-border conflicts,
high illegal immigration rates, and drug
trafficking have led to the US Homeland Security
investing heavily in border security and
detection systems. The US Customs and Border
Protection has started installing surveillance
towers across the Texas border. Raytheon
Technologies Corporation (US), is engaged in an
ongoing modernization program to upgrade the US
Department of Defenses AN/MPQ-65A C-band
combined ground-based air surveillance radars
and fire control radars with Gallium Nitride
(GaN) and Active Electronic Scanned Array
technologies Key Market Players Key players of
Surveillance Radar companies are based in North
America. These players includeLockheed Martin
Corporation (US), and Raytheon Technologies
Corporation (US), are some of the leading players
that manufacture advanced surveillance radars
and multi-function radars for the naval, land,
and airborne platforms. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id35330984 About MarketsandMarkets Market
sandMarkets provides quantified B2B research on
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which will impact 70 to 80 of worldwide
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over 200,000 markets and entire value chains for
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markets. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
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