“Global Airport Surveillance Radar Market: Global Demand Analysis & Opportunity Outlook 2024”
The global airport surveillance radar market is segmented into application such as civil airports and military airports. Among these segments, civil airport segment is expected to occupy the top position in global airport surveillance radar market. Further, increasing investment in the construction of civil airports by the government of various nations is projected to supplement the growth of civil airport surveillance radars segment. Moreover, government of various nations such as India and U.K. are planning to deploy surveillance and various other security systems owing to the recent disruptions caused by flying drones in airports.
Global airport surveillance radar market is expected to flourish at a significant CAGR of 4.8% over the forecast period. Factors such as government policies to enhance the airport security, heavy usage in military airports and technological advancements are believed to impel the growth of the global airport surveillance radar product market. Moreover, the Global Airport Surveillance Radar Market is expected to garner noteworthy revenue by the end of 2024.
North America captured the largest market share in overall airport surveillance radar market in 2016. Presence of large number of airports in the region is anticipated to strengthen the growth of the airport surveillance market. Moreover, rising number of airport traffic control towers is expected to intensify the demand for airport surveillance radar in North America. U.S. is the key contributor to the global airport surveillance radar market. According to U.S. Federal Aviation Administration, the number of air traffic control centers was 521 in 2017. Asia Pacific is also expected to showcase significant growth in the airport surveillance radar market. Factors such as increasing investment on the development of airports and strengthening of military airports are anticipated to foster the growth of the airport surveillance radar market.
Increasing Number of Airports in Developing Nations
Increasing investment by the governments to develop new airports is expected to drive the growth of the global airport surveillance market during the forecast period. For instance, the government of India is developing 18 new Greenfield airports in the country.
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Growing Utilization of Airport Surveillance Radar
Increasing usage of surveillance radar for military and commercial aviation purposes are expected to augment the demand for airport surveillance radar market during the forecast period. Moreover, military are increasingly using surveillance and security radars to control weapons & missiles and detect targets in aviation airspace. However, decline in the number of airports in North America and Europe are expected to hamper the growth of the global airport surveillance radar market.
The report titled “Global Airport Surveillance Radar Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global airport surveillance radar market in terms of market segmentation by product, by application and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global airport surveillance radar market which includes company profiling of BAE Systems, Indra Company, Northrop Grumman Corporation, Raytheon Company, Rockwell Collins, Inc., HENSOLDT GmbH, NEC Corporation, Shoghi Communications Ltd., Harris Corporation and TERMA. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Global airport surveillance radar market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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