New York, NY, May 08, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Radar Security Market by Type (Marine Surveillance Radar Systems, Air Surveillance Radar Systems, and Perimeter Surveillance Radars), by Range (Short, Medium, and Long), and by Application (Border Security, Critical Infrastructure, Seaport & Harbor, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global radar security market was around USD 18.4 billion in 2018 and is expected to reach approximately USD 27.5 billion by 2025, at a CAGR of above 5.5% between 2019 and 2025.
Radars are detection devices that work on radio waves to decide the angle, range, or speed of an object. They can detect ships, plane, guided missiles, and spacecraft, and automobile, terrain and weather formations, etc. A radar system consists of a transmitter, which produces electromagnetic waves in the microwaves or radio domain, a transmitting antenna, receiving antenna (the identical antenna is used for transmitting and receiving), and a processor and receiver to verify properties of the objects. The drivers of the global radar security market include the adoption of numerous advanced technologies by various enterprises like phased array systems, which are installed mainly for ground surveillance radar due to their numerous applications in airport and military. The rising number of security concerns is also driving the radar security market globally. Moreover, low defense budget in developing economies and shift to automation and miniaturization of defense and surveillance system, growing assistance and safety features globally are anticipated to further escalate the global radar security system growth. However, the rising number of cyber warfare and high development cost of radar security systems may hinder this market’s development.
Browse through 84 Tables & 26 Figures spread over 138 Pages and in-depth TOC on “Global Radar Security Market: Type, Applications, Size, Trends, Industry Share and Forecast, 2018–2025”.
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The type segment of the market includes marine surveillance radar system, air surveillance radar system, and perimeter surveillance radars. Surveillance and marine surveillance radar systems are anticipated to grow notably in the years to come, owing to the surge in the navigation radar and its uses in UAV surveillance and security radar. By range, the market includes long, medium, and short. The long-range segment is expected to grow substantially over the projected time period, owing to the increasing demand for ground security radar with long-distance range radar in border/coast guards, army, and security applications. By application, the radar security market includes critical infrastructure, border security, seaport and harbor, and others.
By region, North America is projected to grow substantially in the global radar security market, owing to the modernization in the US and Canada along with replenishment programs and rising concerns for security. In addition, the rising use of radars to locate and inspect hostile targets in commercial aviation and military actions is also anticipated to drive the North American radar security market in the future.
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The demand in Europe for radar security systems is anticipated to grow over the analysis time period. With the development in automation and technological sector, the demand for radar security will propel the region’s radar security market growth. Furthermore, the developments witnessed in the electronic scanning radar and surveillance solutions by Blighter Surveillance Systems has introduced low-cost, entry-level version products that are designed specifically for critical infrastructure sites and airports. This, in turn, will also drive the European market in the future.
The Asia Pacific is considered to be the fastest growing region in the radar security market globally, owing to the increasing spending on security air surveillance, civil security, and military operations and increased focus on multi-utility aircrafts. Owing to the rise in territorial conflicts and geopolitical instabilities in the Asia Pacific region, the demand for radar security will rise over the anticipated timeframe.
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The rising use of UMV and the emergence of modern warfare system network and electronic warfare, increase in the R&D spending by the automotive industry to improve comfort and safety, and improvements witnessed in the radar system for higher efficiency will drive the Latin American radar security market. The Middle East and Africa have shown a substantial growth rate in the radar security market recently, owing to the major companies jointly working on product development.
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Some prominent players in the global radar security market players are SAAB, Rockwell Collins, Northrop Grumman, Boeing, Thales Group Raytheon, Israel Aerospace Industries, BAE Systems, Airbus Group, Kelvin Hughes, Cobham, ATC Global, Exelis, Scanter, Honeywell International, Lockheed Martin, and Leonardo.
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This report segments the global radar security market into:
Global Radar Security Market: Type Analysis
- Marine Surveillance Radar Systems
- Air Surveillance Radar Systems
- Perimeter Surveillance Radars
Global Radar Security Market Range Analysis
- Short Range
- Medium Range
- Long Range
Global Radar Security Market: Application Analysis
- Border Security
- Critical Infrastructure
- Seaport and Harbor
- Others
Global Radar Security Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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