
Global Surface Radars Market Size Study, By Platform (Critical Infrastructure, Vehicle-Mounted, Shipborne, Unmanned Surface Vehicles), By Application (Surveillance, Air-Defense, Perimeter Security, Battlefield ISR), By Frequency Band, By Dimension, and Re
Description
The global surface radars market is valued at approximately USD 16.38 billion in 2023 and is anticipated to grow at a CAGR of 5.4% over the forecast period 2024-2032, reaching USD 26.30 billion by 2032. The volume of surface radar units is expected to increase from 4,690 units in 2024 to 6,113 units by 2032. The market is experiencing robust growth due to escalating border conflicts, security threats, and increasing investments in air defense, maritime surveillance, and critical infrastructure protection.
Governments worldwide are heavily investing in military modernization programs to improve threat detection, tracking, and reconnaissance capabilities. The integration of Advanced Electronically Scanned Array (AESA) radars, AI-powered detection systems, and multi-domain integration is revolutionizing military and homeland security operations. Moreover, increasing demand for counter-drone systems, battlefield ISR, and perimeter security solutions is driving the adoption of advanced surface radar technologies.
Technological advancements are further propelling market expansion. Innovations in stealth detection radars, quantum radar technology, and electronic warfare capabilities are transforming the effectiveness of radar systems against stealth aircraft, hypersonic missiles, and UAV threats. Major defense contractors and radar manufacturers are making substantial R&D investments to develop next-generation radar solutions to gain a competitive advantage in the global defense industry.
However, high costs of advanced radar systems, integration complexities, and regulatory challenges could act as restraints on market growth. Despite these challenges, ongoing geopolitical tensions, rising cross-border security concerns, and smart city initiatives are expected to drive sustained demand for surface radars across military and civilian applications.
The key regions considered for the global surface radars market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
• Asia Pacific is expected to dominate the market by 2024, with China, India, Japan, and South Korea leading in military modernization and regional defense spending. The growing need for airspace monitoring, maritime security, and missile defense capabilities is fueling market expansion.
• North America remains a major contributor, driven by the presence of key defense contractors, increasing demand for homeland security solutions, and the integration of AI-driven radar technologies in military operations.
• Europe is witnessing significant growth, with countries like the UK, Germany, and France investing in advanced radar systems for air defense, border security, and naval modernization.
• The Middle East is experiencing increased demand for high-performance radar systems due to geopolitical conflicts, growing threats from UAVs and missile attacks, and military collaborations with Western defense manufacturers.
Major Market Players Included in This Report:
• Lockheed Martin Corporation (US)
• RTX (US)
• BAE Systems (UK)
• Northrop Grumman (US)
• Israel Aerospace Industries (Israel)
• Thales (France)
• Saab AB (Sweden)
• Elbit Systems Ltd. (Israel)
• Aselsan A.S (Turkey)
• Bharat Electronics Limited (BEL) (India)
• Leonardo S.p.A. (Italy)
• L3Harris Technologies, Inc. (US)
• Indra (Spain)
• Teledyne FLIR LLC (US)
• Hensoldt (Germany)
The Detailed Segments and Sub-Segments of the Market are Explained Below:
By Platform
• Critical Infrastructure Protection Radars
• Vehicle-Mounted Radars
• Shipborne Radars
• Unmanned Surface Vehicles (USVs) Radars
By Application
• Surveillance & Reconnaissance
• Air Defense Systems
• Perimeter Security
• Battlefield ISR (Intelligence, Surveillance & Reconnaissance)
• Counter-Drone Operations
• Coastal & Maritime Surveillance
By Frequency Band
• L-Band
• S-Band
• C-Band
• X-Band
• Ku-Band
• Ka-Band
• Multi-Band & Hybrid Systems
By Dimension
• 2D Radars
• 3D Radars
• 4D Radars (Advanced Tracking Systems)
By Range
• Short-Range Radars (Up to 50km)
• Medium-Range Radars (50km - 200km)
• Long-Range Radars (Above 200km)
By Region
North America
• U.S.
• Canada
• Mexico
Europe
• UK
• Germany
• France
• Italy
• Spain
Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
Latin America
• Brazil
• Argentina
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
Years Considered for the Study:
• Historical Year – 2022
• Base Year – 2023
• Forecast Period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 Years (2022-2032)
• Annualized Revenue and Regional-Level Analysis for Each Market Segment
• Competitive Landscape and Market Share of Key Players
• Analysis of Key Business Strategies and Recommendations for Future Market Approach
• Supply Chain and Demand-Side Analysis
• Emerging Technologies and Innovations in Surface Radar Systems
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Governments worldwide are heavily investing in military modernization programs to improve threat detection, tracking, and reconnaissance capabilities. The integration of Advanced Electronically Scanned Array (AESA) radars, AI-powered detection systems, and multi-domain integration is revolutionizing military and homeland security operations. Moreover, increasing demand for counter-drone systems, battlefield ISR, and perimeter security solutions is driving the adoption of advanced surface radar technologies.
Technological advancements are further propelling market expansion. Innovations in stealth detection radars, quantum radar technology, and electronic warfare capabilities are transforming the effectiveness of radar systems against stealth aircraft, hypersonic missiles, and UAV threats. Major defense contractors and radar manufacturers are making substantial R&D investments to develop next-generation radar solutions to gain a competitive advantage in the global defense industry.
However, high costs of advanced radar systems, integration complexities, and regulatory challenges could act as restraints on market growth. Despite these challenges, ongoing geopolitical tensions, rising cross-border security concerns, and smart city initiatives are expected to drive sustained demand for surface radars across military and civilian applications.
The key regions considered for the global surface radars market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
• Asia Pacific is expected to dominate the market by 2024, with China, India, Japan, and South Korea leading in military modernization and regional defense spending. The growing need for airspace monitoring, maritime security, and missile defense capabilities is fueling market expansion.
• North America remains a major contributor, driven by the presence of key defense contractors, increasing demand for homeland security solutions, and the integration of AI-driven radar technologies in military operations.
• Europe is witnessing significant growth, with countries like the UK, Germany, and France investing in advanced radar systems for air defense, border security, and naval modernization.
• The Middle East is experiencing increased demand for high-performance radar systems due to geopolitical conflicts, growing threats from UAVs and missile attacks, and military collaborations with Western defense manufacturers.
Major Market Players Included in This Report:
• Lockheed Martin Corporation (US)
• RTX (US)
• BAE Systems (UK)
• Northrop Grumman (US)
• Israel Aerospace Industries (Israel)
• Thales (France)
• Saab AB (Sweden)
• Elbit Systems Ltd. (Israel)
• Aselsan A.S (Turkey)
• Bharat Electronics Limited (BEL) (India)
• Leonardo S.p.A. (Italy)
• L3Harris Technologies, Inc. (US)
• Indra (Spain)
• Teledyne FLIR LLC (US)
• Hensoldt (Germany)
The Detailed Segments and Sub-Segments of the Market are Explained Below:
By Platform
• Critical Infrastructure Protection Radars
• Vehicle-Mounted Radars
• Shipborne Radars
• Unmanned Surface Vehicles (USVs) Radars
By Application
• Surveillance & Reconnaissance
• Air Defense Systems
• Perimeter Security
• Battlefield ISR (Intelligence, Surveillance & Reconnaissance)
• Counter-Drone Operations
• Coastal & Maritime Surveillance
By Frequency Band
• L-Band
• S-Band
• C-Band
• X-Band
• Ku-Band
• Ka-Band
• Multi-Band & Hybrid Systems
By Dimension
• 2D Radars
• 3D Radars
• 4D Radars (Advanced Tracking Systems)
By Range
• Short-Range Radars (Up to 50km)
• Medium-Range Radars (50km - 200km)
• Long-Range Radars (Above 200km)
By Region
North America
• U.S.
• Canada
• Mexico
Europe
• UK
• Germany
• France
• Italy
• Spain
Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
Latin America
• Brazil
• Argentina
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
Years Considered for the Study:
• Historical Year – 2022
• Base Year – 2023
• Forecast Period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 Years (2022-2032)
• Annualized Revenue and Regional-Level Analysis for Each Market Segment
• Competitive Landscape and Market Share of Key Players
• Analysis of Key Business Strategies and Recommendations for Future Market Approach
• Supply Chain and Demand-Side Analysis
• Emerging Technologies and Innovations in Surface Radar Systems
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Table of Contents
285 Pages
- Chapter 1. Global Sustainable Finance Market Executive Summary
- 1.1. Global Sustainable Finance Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Asset Class
- 1.3.2. By Offerings
- 1.3.3. By Investment Style
- 1.3.4. By Investor Type
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
- Chapter 2. Global Sustainable Finance Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Sustainable Finance Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Demand for ESG Investments
- 3.1.2. Regulatory Support & Government Initiatives
- 3.1.3. Technological Advancements in ESG Analytics
- 3.2. Market Challenges
- 3.2.1. Lack of Standardized ESG Metrics
- 3.2.2. Greenwashing Concerns in Sustainable Finance
- 3.3. Market Opportunities
- 3.3.1. Growth of Sustainable ETFs and Index Funds
- 3.3.2. Rise of Green Bonds and Climate Finance
- 3.3.3. Emerging ESG Regulations in Developing Markets
- Chapter 4. Global Sustainable Finance Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends in Sustainable Finance
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global Sustainable Finance Market Size & Forecasts by Asset Class (2022-2032)
- 5.1. Segment Dashboard
- 5.2. Global Sustainable Finance Market: Asset Class Revenue Trend Analysis (2022-2032)
- 5.2.1. Equities
- 5.2.2. Fixed-income
- 5.2.3. Multi-asset
- 5.2.4. Alternatives
- Chapter 6. Global Sustainable Finance Market Size & Forecasts by Offerings (2022-2032)
- 6.1. Segment Dashboard
- 6.2. Global Sustainable Finance Market: Offerings Revenue Trend Analysis (2022-2032)
- 6.2.1. Equity Funds
- 6.2.2. Bond Funds
- 6.2.3. ETFs/Index Funds
- 6.2.4. Alternatives/Hedge Funds
- Chapter 7. Global Sustainable Finance Market Size & Forecasts by Investment Style (2022-2032)
- 7.1. Segment Dashboard
- 7.2. Global Sustainable Finance Market: Investment Style Revenue Trend Analysis (2022-2032)
- 7.2.1. Active Investment
- 7.2.2. Passive Investment
- Chapter 8. Global Sustainable Finance Market Size & Forecasts by Investor Type (2022-2032)
- 8.1. Segment Dashboard
- 8.2. Global Sustainable Finance Market: Investor Type Revenue Trend Analysis (2022-2032)
- 8.2.1. Institutional Investors
- 8.2.2. Retail Investors
- Chapter 9. Global Sustainable Finance Market Size & Forecasts by Region (2022-2032)
- 9.1. North America Sustainable Finance Market
- 9.1.1. U.S.
- 9.1.2. Canada
- 9.1.3. Mexico
- 9.2. Europe Sustainable Finance Market
- 9.2.1. Luxemburg
- 9.2.2. Germany
- 9.2.3. UK
- 9.2.4. France
- 9.3. Asia-Pacific Sustainable Finance Market
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. India
- 9.3.4. South Korea
- 9.3.5. Australia
- 9.4. Latin America Sustainable Finance Market
- 9.4.1. Brazil
- 9.5. Middle East & Africa Sustainable Finance Market
- 9.5.1. KSA
- 9.5.2. UAE
- 9.5.3. South Africa
- Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. BlackRock, Inc.
- 10.1.2. JPMorgan Chase & Co.
- 10.1.3. Morgan Stanley
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. State Street Corporation
- 10.3.2. UBS
- 10.3.3. Franklin Templeton Investments
- 10.3.4. Amundi US
- 10.3.5. The Bank of New York Mellon Corporation
- 10.3.6. Deutsche Bank AG
- 10.3.7. Goldman Sachs
- Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- List of Tables
- 1. Global Sustainable Finance Market by Asset Class (2022-2032)
- 2. Global Sustainable Finance Market by Offerings (2022-2032)
- 3. Global Sustainable Finance Market by Investment Style (2022-2032)
- 4. Global Sustainable Finance Market by Investor Type (2022-2032)
- 5. Global Sustainable Finance Market by Region (2022-2032)
- 6. North America Sustainable Finance Market Growth Trends (2022-2032)
- 7. Europe Sustainable Finance Market Trends & Forecast (2022-2032)
- List of Figures
- 1. Global Sustainable Finance Market Growth Outlook (2022-2032)
- 2. Sustainable Investments Growth by Region (2022-2032)
- 3. Regulatory Impact on Sustainable Finance Trends
- 4. Growth of ESG Funds and Green Bonds
- 5. Adoption Rate of Sustainable ETFs/Index Funds
- 6. Technological Innovations in ESG Data Analytics
Pricing
Currency Rates
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