The surveillance radar system is expected to witness considerable growth by 2027 owing to the increasing adoption of 3D sensors and AI in surveillance radars. Additionally, rising military expenditure towards the development of new technology is likely to boost product demand over the forecast period.

Surveillance radar systems are widely used in the military & defense sector to monitor potential threats. It is useful in detecting long-distance targets, providing security in poor visibility conditions, and searching a larger volume of space.

Notably, rapid technological advancements focused on improving surveillance radar systems have augmented product adoption around the world in recent years. Moreover, industry players are implementing strategic initiatives to gain a competitive edge in the market, thereby positively influencing overall business scenario.

For instance, in June 2020, the LONGBOW Limited Liability Company, a joint venture between Lockheed Martin and Northrop Grumman Corporation, delivered its novel fire control radar system for the AH-64 Apache helicopter, the 500th APG-78 LONGBOW FCR (fire control radar). The LONGBOW FCR has been designed to provide enhanced operational capabilities, automatic target detection, 360?? surveillance mode, location, and multi-target engagement over multiple terrains and weather conditions.

The surveillance radar system market has been segmented based on radar range type, component, application, platform, and region. With respect to component, the market has further been divided into software and hardware.

The software sub-segment is projected to register significant growth over the assessment period. High preference for advanced surveillance radars to detect obstacles and low flying targets would create prominent demand for robust software surveillance, which is likely to boost segmental expansion over the coming years.

From the platform point of view, the market has been categorized into naval, air, land, and space. The space sub-segment is speculated to progress at a CAGR of more than 9% over the study period on account of surging focus on space surveillance radars in the U.S. to safeguard critical space assets.

On the basis of radar range type, the surveillance radar system market has been segregated into long range, medium range, and short range. In 2020, the medium range sub-segment held about 20% market share and is anticipated to see steady growth over 2021-2027. Increasing deployment of medium range surveillance radar systems in the Asia Pacific military sector is slated to foster segmental outlook in the forthcoming years.

In terms of application, the market has been bifurcated into military, security, commercial, and homeland. The homeland sub-segment is set to showcase robust expansion over the analysis period due to the prevalent use of surveillance radar by homeland security departments to protect citizens against crimes and threats.

From the regional spectrum, the Middle East & Africa surveillance radar system market is estimated to gain substantial traction over the review period. Mounting emphasis on the expansion of the domestic aviation infrastructure is likely to foster product uptake in the MEA in the forthcoming years.