Ground Surveillance Radar (GSR) Systems Market Analysis by Product Type (Short-Range, Medium-Range, and Long-Range); and by Application (Home Security, Aerospace & Defense, Critical Infrastructure, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
Buy Now Report ID: 4004 | Published Date: Apr 25, 2023
Ground Surveillance Radar (GSR) Systems Market size is estimated to reach ~USD 55 Billion by the end of 2035 by growing at a CAGR of ~8% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of ground surveillance radar (GSR) systems was ~USD 33 Billion. The growth of the market can be attributed to the increasing aerospace sector. For instance, radar technology developments are making it possible to create more sophisticated and advanced ground surveillance radar systems. These systems are more appealing to clients since they're able to offer more precision and improved target identification skills. The domestic aviation market in India is anticipated to reach over USD 25 billion by 2024, making it the third largest worldwide.
In addition to these, factors that are believed to fuel the market growth of ground surveillance radar (GSR) systems include the rise in technological advancements in the field of radar systems. For instance, radar technology developments are making it possible to create more sophisticated and advanced ground surveillance radar systems. These systems are more appealing to clients since they're able to offer more precision and improved target identification skills. Additionally, the growing demand for environmental monitoring is predicted to present the potential for market expansion over the projected period
 Systems Market.PNG)
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~8% |
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Base Year Market Size (2022) |
~ USD 33 Billion |
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Forecast Year Market Size (2035) |
~ USD 55 Billion |
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Regional Scope |
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Growth Drivers
Challenges
The global ground surveillance radar (GSR) systems market is segmented and analyzed for demand and supply by application into home security, aerospace & defense, critical infrastructure, and others. Out of the four applications of ground surveillance radar (GSR) systems, the aerospace & defense segment is estimated to gain the largest market share in the year 2035. The growth of the segment can be attributed to the increased spending in the aerospace and defense sector across the globe. Demand for ground surveillance radar systems is probably going to rise along with spending in the aerospace and defense industries. For instance, to improve their surveillance and intelligence capabilities and respond to new security threats, aerospace and defense firms may choose to invest in the development of advanced ground surveillance radar systems. Further, ground surveillance radar systems are crucial for aerospace and defense operations as they are utilized for several tasks, including seeing and following enemy movements, and giving military troops situational awareness. In 2021, the total global military spending increased by over 0.5%. The top five spenders in 2021 were the US, China, India, the UK, and Russia, who together accounted for more than 60% of expenditure.
The global ground surveillance radar (GSR) systems market is also segmented and analyzed for demand and supply by product type into short-range, medium-range, and long-range. Amongst these three segments, the long-range segment is expected to garner a significant share in the year 2035. The growth can be attributed to the growing need for long-range radar security systems for air surveillance systems, air mapping systems, and weapon control systems. The demand for long-range radar systems, particularly those that offer advanced features such as high resolution, high accuracy, and reliable performance, is anticipated to increase in response to the increasing need for long-range radar security systems for air surveillance, air mapping, and weapon control systems. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global ground surveillance radar (GSR) systems market includes the following segments:
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By Product Type |
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By Application |
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The share of ground surveillance radar (GSR) systems market in North America, amongst the market in all the other regions, is projected to hold the largest share by the end of 2035. The growth of the market can be attributed majorly to the growing spending in the military. As military organizations try to improve their surveillance and intelligence capabilities to confront changing threats and challenges, the demand for ground surveillance radar systems is projected to increase with rising military spending in the region. Moreover, military organizations in the area are likely to invest in upgrading their existing systems or purchasing new ones to keep up with possible enemies. For instance, the United States, which accounted for around 40% of global military spending in 2020, is by far the largest military spender in the world. China is still far behind with over USD 250 billion. Further, the increasing concerns regarding safety in the region, along with the availability of major market players, are also anticipated to contribute to the market growth in the region. In addition, the region's increasing research and development spending to produce new, highly dependable military machinery and equipment is also anticipated to boost the market growth during the forecast period. With over 800 billion dollars allocated to the military in 2021, the United States was the nation with the largest military budget.
The Asian Pacific ground surveillance radar (GSR) systems market is estimated to hold the second-largest, share by the end of 2035. The growth of the market can be attributed majorly to the increasing investments in air missile systems and ballistic missiles. The demand for ground surveillance radar systems is probably going to increase in the region as a result of growing investment in air missile systems and ballistic missiles. For instance, the need for these systems is anticipated to increase as nations in the area looking to improve their missile defense capabilities and respond to new security threats. Further, the growing instability in global politics between economies in the region is also anticipated to contribute to the market growth in the region. In addition, the growing technological advancements in the region have resulted in the creation of increasingly advanced and effective ground surveillance radar systems, which are also anticipated to boost market growth during the forecast period.
Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the increasing spending on defense. For instance, European countries are increasing their defense spending to improve their military preparedness and capability in response to the growing concerns about regional security threats. The need for ground observation radar systems, essential to military radar and information gathering, is anticipated to be driven by this increase in spending. Further, the growing technological advancements in the region, along with the surging automotive sector, are also anticipated to contribute to the market growth in the region. In addition, the region's increasing need for radar systems in the military and defense industry is also anticipated to boost market growth during the forecast period.
 Systems Market Size.PNG)
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Ipsheeta Dash, Sadaf Naaz
Ans: Rising demand for border protection and the growing terrorism are the major factors driving the market growth.
Ans: The market size of ground surveillance radar (GSR) systems is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2023 – 2035.
Ans: Exorbitant development cost of GSR systems and the growing cyber warefare are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Saab AB, Thales SA, Lockheed Martin Corporation, Raytheon Company, FLIR Systems Inc., and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by product type, application, and by region.
Ans: The aerospace & defense segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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