Dublin, June 25, 2024 (GLOBE NEWSWIRE) -- The "Ground Short-Range Surveillance Radar Market 2024-2034" report has been added to ResearchAndMarkets.com's offering.
In terms of value, the market will surpass US$2.49 billion in 2024. The report predicts strong revenue growth through to 2034. The work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
In summary, this 200+ page report provides you with the following knowledge:
- Revenue forecasts to 2034 for Ground Short-Range Surveillance Radar Market, 2024 to 2034 Market, with forecasts for application, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2034 for five regional and 16 key national markets - See forecasts for the Ground Short-Range Surveillance Radar Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America, and MEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, Spain, Italy, China, India, Japan, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 14 of the major companies involved in the Ground Short-Range Surveillance Radar Market, 2024 to 2034.
The Adoption of Advanced Surveillance Radars with Electronic Warfare Countermeasures
The Russia-Ukraine war has significantly impacted the global surveillance radar market. Economic sanctions, rising commodity prices, and supply chain disruptions have hindered global economic recovery post-COVID-19. Consequently, countries like India, China, Canada, Estonia, Iraq, and Taiwan have reassessed their defense spending, prioritizing investments in radar technology to bolster their defense capabilities.
For instance, Blighter Surveillance Systems supplied its A422 radars to Ukrainian forces, enhancing their Anti-UAS capabilities. These radars, which detect air and ground targets up to 20 km away, have been vital for Ukrainian defense, reflecting the rising global demand for advanced surveillance radars. Additionally, in August 2023, Bulgaria's Defense Ministry engaged with major military production firms, including Lockheed Martin, Leonardo, Elta, Indra, and Thales, to procure 3D radars for aviation, targeting delivery by the end of 2025.
High Maintenance Costs are Impeding Market Growth
Radar systems are expected to meet high operational efficiency standards, utilizing advanced technologies and boasting cross-platform compatibility, as well as a wide frequency range. Given their operation in harsh environments, any failure of battlefield equipment can lead to catastrophic consequences. In January 2023, Thales extended its support to the French, Italian, and British Armies by offering the S1850M radar probe supply and support.
Furthermore, Thales has entered into a service contract with OCCAR (Organization for Joint Arms Cooperation) to support the navies of France, Italy, and Britain. This significant service agreement spans three years with an optional two-year extension. Thales' commitment to providing radar solutions and ongoing support underscores the importance of reliability and maintenance in military operations, ensuring operational readiness and effectiveness.
You need to discover how this will impact the ground short-range surveillance radar market today, and over the next 10 years:
- This 205-page report provides 85 tables and 105 charts/graphs exclusively to you.
- The report highlights key lucrative areas in the industry so you can target them - NOW.
- It contains in-depth analysis of global, regional and national sales and growth.
- It highlights for you the key successful trends, changes and revenue projections made by your competitors.
Forecasts to 2034 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2034, the new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising ground short-range surveillance radar prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, "V", "L", "W" and "U" are discussed in this report.
Market Segmentation Coverage
By application:
- Commercial
- Defense
- Space
- National Security
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 16 leading national markets:
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
The report also includes profiles and for some of the leading companies in the Ground Short-Range Surveillance Radar Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading companies profiled in the report:
- Aselsan A.S.
- Blighter Surveillance Systems Ltd.
- Echodyne Corporation
- Elbit Systems Ltd.
- ELTA Systems Ltd.
- Teledyne FLIR LLC
- Hensoldt AG
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- NavTech Radar Ltd.
- Owl (Dynetics)
- Raytheon Technologies Corporation (RTX)
- Thales Group
Other companies featured in the report:
- Thales Group
- Advanced Technology Systems Company (ATSC)
- Airbus Defence and Space
- ANRA Technologies
- Bertin Technologies
- CAE aviation
- CASIC (China Aerospace Science and Technology Corporation)
- CETC (China Electronics Technology Group Corporation)
- EDGE Group
- Elektroniksystem- und Logistik-GmbH (ESG)
- Exsensor
- HFCL
- Indra
- Israel Aerospace Industries (IAI)
- Kanders & Company, Inc.
- Leonardo DRS
- Norinco (China North Industries Group Corporation)
- Northrop Grumman Corporation
- Numerica Corporation
- PureTech Systems
- RADA Electronic Industries Ltd.
- Raddef Private Limited
- Science Applications International Corp. (SAIC)
- Spotter Global
- Weibel Scientific
For more information about this report visit https://www.researchandmarkets.com/r/b5n0dk
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