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Radar Security Market By Product Type (Ground Surveillance Radar (GSR) Systems, Air Surveillance Radar (ASR) Systems, Marine Surveillance Radar (MSR) Systems); By Range (Long Range, Medium Range, Short Range); By Application (Border Security, Seaport and Harbor, Important Infrastructure) - Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

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Extensive insights into the Growth of Radar Security Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Global Radar Security Market Overview

Radar security refers to the systems are widely used to monitor residential and commercial environment for security purpose. Radar security offers advantages over monitoring human trafficking, illegal entry of immigrants and illegal import & export. Radar security system provides early warning and gives time to develop a response to a risk at the same time as reducing some of the need for solid barriers and wire fences and other formal security controls.

Market Size and Forecast

Global radar security market is anticipated to flourish at a CAGR of 6.3% during the forecast period i.e. 2017-2024.  Further, the market of radar security was valued at USD 17.8 Billion in 2016 and is projected to garner USD 30.1 Billion by the end of 2024. Factors such as increasing demand of radar system in military application are making headway for the growth of the global radar security market. Moreover, high demand for radar security systems worldwide by the countries for securing their borders and critical infrastructures is anticipated to positively impact the growth of the global radar security market.

Geographically, North America is anticipated to account for a significant portion of market share in the overall market of radar security during the forecast period. Factors such as increasing need for the radar security products are gaining momentum from various applications such as ports and harbor security, critical infrastructure protection, and highway security systems is anticipated to fuel the growth of the North America radar security market.

radar security

Asia Pacific is poised to record fastest growth rate during the forecast period. Heavy investment in research and development for adoption of radar security system is predicted to trigger the growth of the radar security market in years ahead. Countries such as China, Japan and India are anticipated to exhibit faster growth rate as compared to other countries in the region. Moreover, increasing investment by the government for the establishment of radar security is anticipated to fuel the growth of the Asia Pacific radar security market. Europe radar security market is expected to witness substantial growth over the forecast period. Factors such as highway safety systems and anti-collision systems for trains are envisioned to strengthen the growth of radar security market in Europe. CLICK TO DOWNLOAD SAMPLE REPORT

Based on product type, radar security market is segmented into ground surveillance radar (GSR) systems, air surveillance radar (ASR) systems, marine surveillance radar (MSR) systems, out of which, marine surveillance radar (MSR) systems radar security segment is expected to dominate the overall radar security market during the forecast period.

Market Segmentation

Our in-depth analysis has segmented global radar security market into the following segments:

By Product Type

  • Ground Surveillance Radar (GSR) Systems
  • Air Surveillance Radar (ASR) Systems
  • Marine Surveillance Radar (MSR) Systems

By Range

  • Long Range
  • Medium Range
  • Short Range

By Application

  • Border Security
  • Seaport and Harbor
  • Important Infrastructure

By Region

Global radar security market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • 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, Future forecast & Opportunity Analysis

Growth Drivers & Challenges

Increasing safety & assistance features across the globe is anticipated to intensify the growth of the global radar security market. In addition, increasing critical infrastructure protection is anticipated to positively drive the growth of the radar security market.

Apart from this, rising adoption for various applications is anticipated to be the dynamic factor behind the growth of the radar security market. Growing safety & assistance features offered by the usage of radar security has increased the security concern. This factor is anticipated to supplement the growth of the global radar security market.

Further, rising number of radar security companies are likely to further strengthen the growth of the radar security market. In addition, the market is witnessing the launch of new and innovative radar security such as drone detection radar. This factor is likely to spearhead current and future market growth prospects.

However, recognizing short range target type’s radar security systems are some of the key factors which are expected to limit the growth of global radar security market in upcoming years.

Key Players

  • Lockheed Martin Corporation
    • Company Overview
    • Key Product Offering
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Raytheon Company
  • Saab AB
  • FLIR Systems Inc.
  • Thales SA
  • Israel Aerospace Industries Ltd.
  • Blighter Surveillance Systems
  • Detect Inc.
  • SRC Inc.
  • Kelvin Hughes Limited.

Scope and Context

Overview of the Parent Market

Analyst View


The global radar security market is segmented as follows:

  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By Range Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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