Radar is an object-detection system that uses radio waves to determine the range, altitude, direction, or speed of objects. Radar security systems can be used to detect aircraft, ships, motor vehicles and people.
Market Analysis and Insights: Global Radar Security Market
Due to the COVID-19 pandemic, the global Radar Security market size is estimated to be worth US$ 18710 million in 2022 and is forecast to a readjusted size of US$ 22740 million by 2028 with a CAGR of 3.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Ground Surveillance Radar (GSR) Systems accounting for % of the Radar Security global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Border Security segment is altered to an % CAGR throughout this forecast period.
North America is expected to hold the largest market share in 2018. The APAC market is expected to grow at the highest rate between 2018 and 2023. Many of the countries considered under the APAC region are developing countries, wherein the number of manufacturing companies is increasing. The demographic factors (population), shifting consumer landscape (consumer adoption levels), and economic factors are the key drivers for the APAC market.
Global Radar Security Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Radar Security Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Ground Surveillance Radar (GSR) Systems
Air Surveillance Radar (ASR) Systems
Marine Surveillance Radar (MSR) Systems
Segment by Application
Border Security
Seaport and Harbor
Critical Infrastructure
Others
By Company
Thales
Lockheed Martin
Raytheon
Saab
Elbit Systems
Flir Systems
Israel Aerospace Industries
Blighter Surveillance Systems
Kongsberg
Detect
SRC
Kelvin Hughes
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina