seobhushan (85)

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Surveillance Radar System Market is projected to
reach CAGR 7 by 2027
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Key Insights from Surveillance Radar System
Market

• The surveillance radar system market is poised to
  register commendable expansion through the
  forthcoming years, impelled by an increase in
  product development and launch initiatives by
  leading industry participants.
• Considering an instance, in March 2021, Thales
  Group rolled out RSM NG, a digital secondary
  surveillance radar, for utilization in air
  traffic management. The product can track nearly
  2,000 flights, disseminating around 64
  simultaneous data outputs to numerous ATCC (air
  traffic control centers).
• The industry growth is impelled by the increasing
  proliferation of unmanned aircraft vehicles
  across developed nations. These UAVs are combined
  with radar sensors for numerous applications like
  securing precise navigation, security,
  surveillance, and object detection.

3
Regional Insights in Surveillance Radar System
Market

• Increasing advancements in IoT AI technologies
  and escalation in military expenditure are
  expected to favor the industry expansion in
  Europe. As per SIPRI (Stockholm International
  Peace Research), Germany spent around USD 52.8
  billion, and the U.K. spent more than USD 59.2
  billion in 2020.
• The regional installation of surveillance radar
  systems will also increase with the upsurge in
  geopolitical conflicts.

4

Latest Research Report On Surveillance Radar
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Major Companies in Surveillance Radar System
Market

• L3HARRIS Technologies
• Leonardo S.p.A.
• Northrop Grumman Corporation
• BAE Systems
• Therma A/S
• Thales Group
• Raytheon Company
• SAAB AB

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Industry Coverage

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