The Rapid Growth of Surveillance Radars Market

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As the threat in security and defense is getting intense, governments and militaries worldwide try to invest in their military inventory. To protect the nation from external threats, proper surveillance and reconnaissance devices are required.

Surveillance radars have multiple functions in ensuring national security. This radar can track multiple non-cooperative targets and report it to the radar processor. The radar ultimately can predict the target's future locations. This radar can be useful to track a potential threat and to do surveillance in a country's border. Not only for security reasons, but this surveillance radar is also used at airports to detect and track aircraft's position.

There are many defense companies that have been focusing on producing surveillance radars. Some of them are Lockheed Martin Cooperation, Boeing, and Raytheon Technologies.

The demand for surveillance radar has also fostered the growth of satellite data services market. A research firm GMI Research projected that the satellite data services market size would grow at a CAGR of more than 6.1% between 2022 and 2029.

The firm mentioned that the 3D segment is predicted to dominate the market based on dimension, since it can overcome challenges that 2D radars cannot solve. Based on frequency band, K-, Ku, and Ka-Bands segment is estimated to grow at a higher CAGR.

Why Has There Been a Rapid Growth?

There are numerous factors that boost the growth of the market.

  1. The need to have advanced air defense systems

Many countries have the urgency to possess advanced air defense systems in order to protect their territories. One of the efforts is by having a modern surveillance radar system.

  1. Technological enhancement in border surveillance systems

Border surveillance systems are increasingly crucial as there is the need to strengthen border security from enemies or any potential threats.

  1. The rising conflict and war

There has been rising geopolitical tension such as terrorism threat, war, and other potential conflicts. These risks emerging demand for advanced surveillance radars to provide protection whether from air, land, or sea.

  1. Military modernization

As many governments are investing to modernize their military, surveillance radars can see a growth in demand.

  1. The need for airport surveillance radar

Airport surveillance radar is deployed at terminal air traffic control sites to provide data and information regarding aircraft position and other situational awareness for pilots and controllers.

The Challenges

However, there are some challenges to be dealt with.

  1. Strict regulatory approval

With stringent export controls, many governments impose trade restrictions to sell defense products to other countries. This mainly to support and secure domestic production for internal security and defense.

  1. Require high investment

Surveillance radars are advanced technologies that require high costs to develop and deploy the systems. It can be a major difficulty especially for countries with limited defense budgets. This can further hamper the growth of the surveillance radars market . Many governments should wisely allocate and secure the budget to be able to arm their military with surveillance radars.

In spite of the challenges, there are huge prospects on the horizon. With technological advancement, including IoT, Artificial Intelligence, and big data analytics, surveillance radars will have major improvements over the coming years.

 

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