Top Companies in Surveillance Radars Market | Industry Leading Players Exclusive Report by Vantage Market Research
Surveillance Radars are used to monitor a wide range of activities at vital infrastructure and sites such as airports, camps, borders, and harbors.
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MARKET OVERVIEW
The Global Surveillance Radars Market is valued at USD 8.3 Billion in the year 2021 and is projected to reach a value of USD 12.7 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.4% over the forecast period. Surveillance Radar is a kind of radar tool majorly observed for industrial and military applications which embodies air internet site on-line web page visitor’s controls at industrial airports, border surveillance, plane pilot assistance, coastal surveillance, and others. The offerings and information provided through those corporations are much like the ones by presidential protection, military, or police forces most customarily on a smaller scale. For instance, in places growing worldwide that have herbal reasserts which embody privately-owned oil refineries, they rent non-public army protection to shield the premises.
Growing procurement of next-generation combat aircraft to surge name for radar-based total absolute systems: The demand for withinside the following generation combat aircraft from international locations consisting of the U.S, China, and India has elevated way to its ability to provide immoderate tactical capabilities in some unspecified time in the future of welfare. Similarly, the surging military spending on the procurement of fighter jets integrated with advanced radar technology to enhance the safety capabilities is expected to fuel the growth of the Surveillance Radar Market at some unspecified time in the future of the forecast period.
Some of the key players operating in the Surveillance Radars Market are listed below:
|
Company Name |
Revenue in USD |
|
$64 Billion |
|
$67 Billion |
|
$789 Million |
|
$4 Billion |
|
$15 Billion |
|
$34 Billion |
|
$26 Billion |
|
$5 Billion |
|
$20 Billion |
Raytheon Technologies Corporation is an American multinational aerospace and Défense conglomerate headquartered in Waltham, Massachusetts. It is one of the largest aerospace, intelligence services providers, and defense manufacturers in the world by revenue and market capitalization. Raytheon Technologies (RTX) researches, develops and manufactures advanced technology products in the aerospace and Défense industry, including aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. government.
Lockheed Martin Corporation is an American aerospace, arms, defense, information security, and technology corporation with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland, in the Washington, D.C. area. Lockheed Martin employs approximately 115,000 employees worldwide, including about 60,000 engineers and scientists as of January 2022.
- Hensoldt (Germany)
Hensoldt AG (HENSOLDT) is a multinational corporation headquartered in Germany which focuses on sensor technologies for protection and surveillance missions in the defence, security, and aerospace sectors. The main product areas are radar, optoelectronics, and avionics. Hensoldt’s main office is in Taufkirchen near Munich, Germany.
- Israel Aerospace Industries Ltd. (Israel)
Israel Aerospace Industries is Israel's major aerospace and aviation manufacturer, producing aerial and astronautic systems for both military and civilian usage. It has 15,000 employees as of 2018. IAI is completely state-owned by the government of Israel.
- Leonardo S. P. A. (Italy)
Leonardo S.p.A., formerly Leonardo-Finmeccanica and originally Finmeccanica, is an Italian multinational company specializing in aerospace, defense, and security. Headquartered in Rome, Italy, the company has 180 sites worldwide. It is the eighth largest defense contractor in the world based on 2018 revenues. The company is partially owned by the Italian government, which holds 30.2% of the company's shares and is its largest shareholder.
Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building technologies, performance materials and technologies (PMT), and safety and productivity solutions (SPS).
- BAE Systems (US)
BAE Systems plc (BAE) is a British multinational arm, security, and aerospace company based in London, England. It is one of the largest defense contractors in Europe and ranked the seventh-largest in the world based on applicable 2021 revenues. Its largest operations are in the United Kingdom and the United States, where its BAE Systems Inc. subsidiary is one of the six largest suppliers to the US Department of Defense. Other major markets include Australia, Canada, India, Saudi Arabia, Turkey, Qatar, Oman, and Sweden, where Saudi Arabia is regularly among its top three sources of revenue. The company was formed on 30 November 1999 by the £7.7 billion purchase of and merger with Marconi Electronic Systems (MES)—the defense electronics and naval shipbuilding subsidiary of the General Electric Company plc (GEC)—by British Aerospace, an aircraft, munitions, and naval systems manufacturer.
- ELBIT Systems LTD
Elbit Systems Ltd. is an Israel-based international defense electronics company engaged in a wide range of programs throughout the world. The company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance, unmanned aircraft systems, advanced electro-optics, electro-optic space systems, electronic warfare suites, signal intelligence systems, data links, and communications systems and radios.
Thales Group is a French multinational company that designs and builds electrical systems and provides services for the aerospace, defense, transportation, and security markets. The company is headquartered in Paris' business district, La Défense, and its stock is listed on the Euronext Paris.
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