The global airport surveillance radar is projected to grow at a CAGR of 7.05% to reach US$592.624 million by 2024 from US$393.765 million in 2018. An airport surveillance radar system is a system which is used at airports to identify and exhibit the position of an airplane in aerospace around airports. It is used to monitor air traffic around the airport. This system controls traffic inside a radius of 30 to 50 nautical miles (56 to 93 km) of the air terminal and can detect and track aircraft at altitudes less than 25,000 feet. The growing air traffic on account of growth in the travel and tourism industry coupled with the growing safety concerns regarding passenger safety is one of the prime factors which is expected to drive the demands for these radars. Growing fatalities in the aviation industry due to poor surveillance have led the governments across the globe for equipping advanced surveillance technology.Furthermore, growing investment in the defense sector in order to keep advanced technology is also expected to propel the market for primary radar systems on account of growing security threats in many countries. In addition, there is a lack of trained personnel at present and this may pose a threat to hindering the market growth during the forecast period due to improper management of the air services by the unskilled manpower. However, the continuous technological advancements in the surveillance technology in case of both the components and the systems coupled with the adoption of latest technology worldwide is expected to be an opportunity for this market to grow during the forecast period.

By type, global airport surveillance radar market is segmented as primary radar and secondary radar. The primary radar segment is expected to hold a significant share in 2018 and is expected to witness substantial growth during the forecast period on account of increasing investments in the expansion of the airports by the governments of developing countries. Furthermore, increasing air traffic and increasing safety concerns for the passengers is also driving the market for these radars. However, the segment secondary radars is also expected to witness a high CAGR owing to its application along with the primary radar.

By component, global airport surveillance radar market is segmented as radar unit and other telecommunication components. The segment for radar units is expected to have a significant share during the forecast period on account of its durability and longevity. Furthermore, increasing investments in the construction of new airports and the adoption of the latest radar systems are the factors which are expected to anticipate the demand for radar units. However, the segment of other telecommunication components is expected to grow at a substantial rate on account of replacement of components, software upgradations followed by only the component up-gradation, in various developing countries for adoption of the latest technology.

By geography, global airport surveillance radar market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. APAC dominates the global airport surveillance market owing to the rapid rise in the investments, both public and private, in the construction of new airports in countries like China and India. Growing travel and tourism industry in this region coupled with rising disposable incomes is boosting the air passenger traffic, thus positively impacting the growth of airport surveillance radar market in the region. Growing trade volume is further boosting the cargo activity which also contributes to the growth of APAC Airport Surveillance Radar market during the forecast period. North America and Europe will witness a considerably low market growth rate on account of lack of investments in new airports even though there has been lack of investments in the upgradation of existing airports to handle rising air passenger as well as cargo traffic.

The major players profiled in the Global Airport Surveillance Radar market include Harris Corporation, Thales Group, Lockheed Martin Corporation, Raytheon Company, BAE Systems, Northrop Grumman Corporation, and Indra.

Segmentation

The Global Airport Surveillance Radar market has been analyzed through the following segments:

By Type

Primary Radar

Secondary Radar

By Component

Radar Unit

Other Telecommunication Components

By Geography

North America

USA

Mexico

South America

Europe

Middle East and Africa

Asia Pacific

China

India

Others

Frequently Asked Questions (FAQs)

Q1. What will be the global airport surveillance radar market size by 2024?

A1. The global airport surveillance radar is projected to reach the market size of US$592.624 million in 2024.

Q2. What is the size of global airport surveillance radar market?

A2. Airport Surveillance Radar market was valued at US$393.765 million in 2018.

Q3. What are the growth prospects for airport surveillance radar market?

A3. The global airport surveillance radar is projected to grow at a CAGR of 7.05% during the forecast period.

Q4. What factors are anticipated to drive the airport surveillance radar market growth?

A4. The growing air traffic on account of growth in the travel and tourism industry coupled with the growing safety concerns regarding passenger safety is one of the prime factors which is expected to drive the demands for these radars.

Q5. Which region holds the maximum market share of the airport surveillance radar market?