Global Airport Surveillance Radar Market Expected to Show Steady Growth by 2027 | Market Research Future
Overview
Global Airport Surveillance Radar Market is expected to reach USD 1,986.3
Million by 2025, expanding at a CAGR of 6.49% during the
forecast period.
The growth of the global airport surveillance
radar market can be attributed to rising military expenditure and growing
developments of new and existing airports. However, the high cost of
installation and operation is expected to restrain the market growth during the
forecast period.
Regional Analysis
The geographic analysis of the global airport
surveillance radar market includes North America, Europe, Asia-Pacific,
the Middle East & Africa, and Latin Africa.
The market in North America was valued at USD
462.9 million in 2018. The US and Canada are the country-level markets in North
America. The market in the region is expected to reach USD 689.0 million by
2025, expanding at a 5.85% CAGR during the forecast period. This growth can be
attributed to increasing investments by the US government for the modernizing
of airports. Furthermore, technological advancements and the presence of
prominent players such as Raytheon Company, Northrop Grumman Corporation,
Lockheed Martin Corporation are factors driving the market growth.
Europe accounted for the second-largest share
of the market in 2018. The European market includes the UK, Germany, France,
Russia, and the rest of Europe. The presence of prominent players such as
ASELSAN AS, BAE Systems, and Thales Group is propelling the growth of the
regional market. The airport surveillance radar market in Europe is expected to
reach USD 444.7 million by 2025 at a CAGR of 6.07% during the forecast period.
Asia-Pacific constituted a large share of the
global market in 2018. The market in the region has been divided into China,
Japan, India, South Korea, and the rest of Asia-Pacific. The regional market
was valued at USD 236.5 million in 2018 and is expected to reach USD 413.0
million by 2025, expanding at a CAGR of 8.29% during the forecast period.
Increasing air passenger traffic in developing economies such as China and
India and growing need to enhance passenger safety are driving the growth of
the market in the region.
The Middle East & Africa accounted for a
considerable share of the global market in 2018. The market the region has been
segregated into Saudi Arabia, the UAE, and the rest of the Middle East &
Africa. The regional market was valued at USD 171.1 million in 2018 and is
expected to reach USD 269.9 million by 2025, expanding at a CAGR of 6.73%
during the forecast period. Increasing developments of new airports in
countries such as the UAE are driving the growth of the market in the region.
In Latin America, the airport surveillance
radar market is expected to reach USD 169.6 million by 2025, expanding at a
CAGR of 5.79% during the review period. The market in the region has been divided
into Brazil and the rest of Latin America. The introduction of low-cost
airlines in the region is expected to drive the growth of the airport
surveillance radar market in Latin America.
Segmental Analysis
The Global Airport Surveillance Radar Market
has also been segmented by Type and Application.
Based on type, the global airport surveillance
radar market has been divided into primary radars and secondary radars. The
primary radars segment dominated the global market. It was valued at USD 861.9
million in 2018 and is anticipated to record a CAGR of 7.07% during the
forecast period.
In terms of application, the global airport
surveillance radar market has been bifurcated into civil & commercial
airports and military airbases & airfields. The military airbases &
airfields segment is anticipated to expand at the higher CAGR during the
forecast period.
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Competitive Analysis
Prominent players in the Global Airport
Surveillance Radar Market include BAE Systems (UK), Northrop Grumman
Corporation (US), Thales Group (France), Raytheon Company (US), Lockheed Martin
Corporation (US), Leonardo SpA (Italy), L3Harris Technologies, Inc. (US),
Intelcan Technosystems Inc. (Canada), Blighter Surveillance Systems Ltd (UK),
NEC Corporation (Japan).
The other companies profiled in the report
are HENSOLDT (Germany), Shoghi Communications Ltd (India), TERMA
(Denmark), ASELSAN AS (Turkey), Easat Radar Systems Limited (UK), Airbus SAS
(Netherlands), DeTect, Inc. (US), Saab AB (Sweden), Israel Aerospace Industries
Ltd (Israel), Telephonics Corporation (US), and Indra Sistemas, SA (Spain). Mergers,
acquisitions, and collaborations are some of the key strategies adopted by
these companies to gain an edge over their competitors.
Key Developments
- In November
2019, Leonardo SpA
signed a contract with the Royal Thai Air Force to provide RAT31DL
surveillance radar. The contract enabled the company to strengthen its
position in the Asian airport surveillance radar market.
- In March
2019, Thales Group signed
a contract with the Brazilian Commission for the Implementation of the
Airspace Control System (CISCEA) to provide primary and secondary route
surveillance radars. The contract will enable the Brazilian Air Force to
monitor drug trafficking and smuggling activities in the area.
- In June 2017, Thales Group launched TRAC NG, an
airport surveillance radar suitable for both civil and military
applications. The launch of the product enabled the company to strengthen
its position in the airport surveillance radar market.
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