Radar Security Market worth 25.17 Billion USD by 2022 - Experts Review

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Radar Security Market by Surveillance Type
(Ground, Air, Marine), Range (Long, Medium,
Short), Application (Border Security, Seaport and
Harbor, Critical Infrastructure), and Geography -
Global Forecast to 2022
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According to the new market "Radar Security
Market by Surveillance Type (Ground, Air,
Marine), Range (Long, Medium, Short), Application
(Border Security, Seaport and Harbor, Critical
Infrastructure), and Geography - Global Forecast
to 2022 Research report on the radar security
market, the said market is expected to grow from
USD 17.85 Billion in 2016 to USD 25.17 Billion in
2022, at a CAGR of 5.90 during the forecast
period. The radar security market is driven by
the rising demand for radar systems worldwide
since militaries seek to replace legacy systems.
Rising territorial conflicts and geopolitical
instabilities in the Middle East and APAC is also
a key factor responsible for the growth of the
market. Furthermore, defense budget cuts in
developed economies shifted the focus toward
miniaturization automation of defense and
security systems is expected to propel the radar
security market. PDF Brochure
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Ground surveillance radar (GSR) systems are
expected to lead the global radar security market
between 2016 and 2022 Ground surveillance radar
(GSR) systems held a major market share in 2015.
The market for GSR systems is expected to grow
between 2016 and 2022. The adoption rate of GSR
systems is high for the military as well as
homeland security applications. In addition,
these systems are also used in detecting and
tracking aircraft at low altitude. These are the
key factors contributing for a large market share
of GSR systems among other types of the radar
security systems. The border security
application is expected to hold the largest
market share in 2016 There will be a significant
rise in the market for the border security
application between 2016 and 2022 controlling
terrorist activities across the borders,
monitoring human trafficking and illegal entry of
immigrants, securing imports and exports at the
borders are the major drivers for the adoption of
radar security systems in border security
applications. High adoption of radar security
systems for the application of highway safety
systems and anti-collision systems for trains is
expected to contribute to the growth of the
market for these applications at the highest rate
during the forecast period.
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The APAC region is expected to grow at the
highest rate between 2016 and 2022 The APAC
region is expected to grow at the highest CAGR
between 2016 and 2022. The main drivers for this
growth is countries such as China, India, and
Japan are aggressively taking initiatives such as
heavy investments in RD for the development and
adoption of radar security systems in the region.
Along with this, terrorism is the prime concern
for the Asia-Pacific region, owing to which
countries in the APAC region are looking to
enhance their surveillance and security
capabilities. As of 2015, the ground
surveillance radar (GSR) system held a major
market share. The adoption rate of GSR systems is
high for the military as well as homeland
security applications. In addition, these systems
are also used in detecting and tracking aircraft
at low altitude. These are the key factors
contributing for the large market share of GSR
systems among other types. However, the market
for marine surveillance radar (MSR) systems is
expected to grow at the highest CAGR between 2016
and 2022.
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Browse gtgt 71 market data
tables 53 figures
167 Pages and in-depth TOC on Radar
Security Market - Global Forecast to 2022 Early
buyers will receive 10 customization on this
report. This is a Premium Report Priced at
Single user US 5650 Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
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Key players - The Radar Security Market is
dominated by

• Thales SA (France)
• Lockheed Martin Corporation (U.S.)
• Saab AB (Sweden)
• Raytheon Company (U.S.)
• Elbit Systems Ltd. (Israel)

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