28 February 2020
Visiongain has published a new Defence report entitled, Ground Surveillance Radar Market Forecast 2020-2030.
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 email@example.com or call her on +44 (0) 207 336 6100.
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.
Adoption of unmanned aerial vehicles (UAVs) for industrial and recreational purposes across the globe has increased over the past few years and the trend is expected to continue over the coming years. This has contributed to a major rise in the amount of cases of security violations at public facilities and vital government services.
16 September 2020
Where is the Command and Control (C2) market heading? If you are involved in this sector you must read this newly updated report. Visiongain’s report shows you the potential revenue streams to 2030, assessing data, trends, opportunities, and business prospects there.
04 September 2020
The realm of electronic warfare has conventionally been stayed in the confidential domain, even among the security community.
05 August 2020
The world market for military radar systems is currently undergoing a state of flux due mainly to extensive cuts in defence budgets in many markets that have had a major impact on procurement.