The Surveillance Radars Market is projected to grow at a CAGR 6.15% rate from 2021 to 2026. Some of the factors that are expected to fuel the growth of the market are the growing need for 3D air defense radars, growing demand for drone detection radars for airports, and ongoing military modernizations globally, among others.
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The digital signal processors segment of the surveillance radars market is projected to grow at the highest CAGR from 2021 to 2026. Radar upgrades include the switching of analog signal processors to digital signal processors. Active Electronically Scanned Array (AESA) radars require digital signal processors to handle/process all the data coming from each separate receive/transmit module in the antenna. AESA surveillance radars are used extensively in military airborne, naval, and air defense applications.
The prominent players in the global Surveillance Radars Market FLIR Systems, Inc. (US), ASELSAN A/S (Turkey), Lockheed Martin Corporation (US), Raytheon Company (US), Hensoldt (Germany), Saab AB (Sweden), Israel Aerospace Industries Ltd. (Israel), Leonardo S.p.A (Italy), Elbit Systems Ltd. (Israel), L3Harris (US), and Thales Group (France).
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