The global radar security market size was worth around USD 9.77 billion in 2023 and is predicted to grow to around USD 19.72 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.24% between 2024 and 2032.
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The radar security market is analysed and forecasted on a global and regional scale in the report. The research provides historical data from 2018 to 2022 and a revenue forecast from 2024 to 2032 in USD billion. The radar security market dynamics assessment provides a concise understanding of the drivers and restraints of the market, as well as the influence they will have on demand in the future. Furthermore, the report encompasses an examination of the global radar security market’s opportunities.
The report presents a transparent perspective on the radar security market. A comprehensive competitive scenario and portfolio of the foremost market vendors have been incorporated. An analysis of Porter’s Five Forces model for the radar security market has also been incorporated to comprehend the competitive landscape. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.
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The Global Radar Security Market is segmented based on product, application and region
Global Radar Security Market: Product Segment Analysis
● Marine Surveillance Radar Systems
● Air Surveillance Radar Systems
● Perimeter Surveillance Radars
Global Radar Security Market: Application Segment Analysis
● Border Security
● Critical Infrastructure
● Seaport and Harbor
● Others
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The Global Radar Security market profiles key players such as:
● SAAB
● Rockwell Collins
● Northrop Grumman
● Boeing
● Thales Group Raytheon
● Israel Aerospace Industries
● BAE Systems
● Airbus Group
● Kelvin Hughes
● Cobham
● ATC Global
● Exelis
● Scanter
● Honeywell International
● Lockheed Martin
● Leonardo
Regional Analysis of the Radar Security Market
The current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe are all included in the regional segment. The modernisation of the United States and Canada, as well as the growing concern for security and replenishment programs, are anticipated to drive substantial growth in the global radar security market in North America. In addition, the North American radar security market is anticipated to be influenced by the growing utilisation of radars to identify and evaluate hostile targets in military and commercial aviation operations in the future.
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