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Ground Surveillance Radar (GSR) Systems Market Segmentation by Product Type (Short-Range, Medium-Range, and Long-Range); and by Application (Home Security, Aerospace & Defense, Critical Infrastructure, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • November 2021- Saab launched a high-mast solution for its Giraffe 4A active electronically scanned array radar. The company developed the configuration with its Finnish partner Conlog Oyin.

  • October 2021- Thales unveiled the Ground Observer 20 Multi-Mission (GO20 MM) radar that is claimed to provide exceptional early UAV detection, in particular of micro-drones.

Global Ground Surveillance Radar (GSR) Systems Market Highlights Over 2022 - 2031

The global ground surveillance radar (GSR) systems market is estimated to garner a large amount of revenue by growing at a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed primarily to the rising adoption of GSR systems in army and marines for monitoring military installations, borders and refineries. Along with this, growing usage of GSR in civilian applications such as anti-collision systems for trains and highway safety systems for vehicles is projected to offer profitable opportunities to the market in the forthcoming years. Furthermore, increasing territorial conflicts and geopolitical instabilities in the Asia Pacific and Middle East regions, and high emphasis of militaries to replace legacy systems with radar ones are also expected to drive market growth in the near future. For instance, as of July 2020, China alone had about 15 territorial disputes with its neighbors on land and sea, including Taiwan, Philippines, Indonesia, Vietnam, Japan and South Korea.

Ground Surveillance Radar (GSR) Systems Market

The market is segmented by application into home security, aerospace & defense, critical infrastructure, and others, out of which, the aerospace & defense segment is anticipated to hold the largest share in the global ground surveillance radar (GSR) systems market. This can be accounted to the rising emphasis of militaries on automation and miniaturization of security systems. Apart from this, growing investments in the aerospace & defense sector for technological advancements in the field of border security is also predicted to boost the growth of the market segment in the future. Additionally, on the basis of product type, the long-range segment is assessed to acquire the largest share during the forecast period owing to the increasing demand for long-range radar security systems for air surveillance systems, air mapping systems and weapon control systems. CLICK TO DOWNLOAD SAMPLE REPORT

Global Ground Surveillance Radar (GSR) Systems Market Regional Synopsis

Regionally, the global ground surveillance radar (GSR) systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the growing investments in air missile systems and ballistic missiles. In addition, geopolitical instabilities between economies are also projected to fuel the market growth in the region in the coming years. Moreover, the market in North America is expected to grab the largest share during the forecast period owing to the high military spending, and strong footprint of major market players in the region. In 2020, the military spending in the United States accounted for a value of more than USD 750 billion, up from USD 720 billion in 2019 and USD 700 billion in 2018, respectively.

Ground Surveillance Radar (GSR) Market Share

The global ground surveillance radar (GSR) systems market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global ground surveillance radar (GSR) systems market includes the following segments:

By Product Type

  • Short-Range
  • Medium-Range
  • Long-Range

By Application

  • Home Security
  • Aerospace & Defense
  • Critical Infrastructure
  • Others

Growth Drivers

  • Rising Adoption of GSR Systems in Army and Marines
  • Growing Usage of GSR in Civilian Applications

Challenges

  • High Development Cost of GSR Systems

Top Featured Companies Dominating the Market

  • Saab AB
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Thales SA
  • Lockheed Martin Corporation
  • Raytheon Company
  • FLIR Systems Inc.
  • Israel Aerospace Industries Ltd.
  • Kongsberg Gruppen
  • DeTect Inc.
  • SRC Inc.
  • Elbit Systems Ltd.

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