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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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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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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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