“High defence spending, improved technology, and new threats having a profound effect on the ground surveillance radar market” says new Visiongain report

28 February 2020
Defence

Visiongain has published a new Defence report entitled, Ground Surveillance Radar Market Report.

The Ground Surveillance Radar market is estimated to witness a Compound Annual Growth Rate of 5.73 per cent from 2020 to 2030.

Several factors are having a significant driving effect on the industry, particularly improvements to the finances of several influential states, advancements in radar technology, and a need to tackle emerging threats.

Visiongain anticipates that global investment and consolidation will be robust and stable over the next decade. The market’s strong health is due to the factors listed above, as well as the presence of several established companies.

The leading players currently investing in ground surveillance research and design are ASELSAN, Blighter Surveillance Systems, Elbit Systems, FLIR Systems, Israel Aerospace Industries, L3Harris Technologies, Lockheed Martin, HENSOLDT, Raytheon and Thales Group.

The senior Defence Analyst said: "The worldwide Ground Surveillance Radar market is expected to generate sales of USD 7.9 billion in 2020.

"Typically, a ground surveillance radar system is capable of 360-degree scanning, in all-weather, to deliver wide-area situational awareness and focus on any potential threats. Most also have network-ready capabilities, can be controlled from a single command station, and are designed for rapid deployment.

"Ground surveillance radar is critical to many security and military support applications – whether it be strategic infrastructure in the civil and private sectors, border control for national security, or tactical use and special forces support on the battlefield.

"Today, the Ground Surveillance Radar industry is a buoyant worldwide business and is being driven forward by advancements in technology, which are incentivising countries to enhance and upgrade their radar inventories; high defence spending and significant improvements to the financial positions of several influential states; the world’s shifting conflict landscape; and a need to counter new threats.

"Indeed, by 2030, visiongain predicts that the Ground Surveillance Radar market will have surpassed the 10 billion-dollar mark, achieving a total sales figure of USD 13.8 billion."

Note for Editors
If you are interested in a more detailed overview of this report, please send an email to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is a leading business intelligence provider, publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy, telecoms and utilities sectors.

We are one of the fastest growing and most innovative independent research companies in Europe. Based in London, UK, visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Special Mission Aircraft Market Report 2022-2032

The global refuelling aircraft market was valued at US$14,987 million in 2021 and is projected to grow at a CAGR of 4.1% during the forecast period 2022-2032.

23 May 2022

Read

Visiongain Publishes Military Airborne Intelligence, Surveillance & Reconnaissance (ISR) Technologies Market Report 2022-2032

The global military airborne intelligence, surveillance & reconnaissance (ISR) technologies market was valued at US$19,321 million in 2021 and is projected to grow at a CAGR of 6.1% during the forecast period 2022-2032.

11 May 2022

Read

Visiongain Publishes Top 20 Military Electro-Optical and Infrared (EO/IR) Systems Companies Report 2022

The military electro-optical and infrared systems market is seeing increased demand from airborne platforms, which has resulted in continued investment in the airborne electro-optical and infrared systems sector.

04 April 2022

Read

Visiongain Publishes Small Arms Market Report 2022-2032

The Global Small Arms Market is driven by the nature of warfare has shifted, new weapons have been developed, transnational disputes and regional instability are on the rise across the globe, rising participation in shooting and hunting sports.

29 March 2022

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever