Naval System Surveillance Radar Market Share, Size, and Trends by 2031
Naval System Surveillance Radar Market: Strategic Insights
Naval System Surveillance Radar Market
-
CAGR (2023 - 2031)6.8% -
Market Size 2023
US$ 4.25 Billion -
Market Size 2031
US$ 7.17 Billion
Market Dynamics
GROWTH DRIVERS
- Growing importance of naval surveillance systems
- Increasing global defense budgets pushing the deployment of naval systems
FUTURE TRENDS
- Development of new frigates
OPPORTUNITIES
- Expected Deliveries of Various Types of Naval Vessels Among Different Countries
Key Players
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Saab AB
- Thales Group
- BAE Systems
- Israel Aerospace Industries Ltd
- Leonardo S p A
- Ultra
- HENSOLDT
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- X-band & Ku-band
- L-Band & S-band
Application
- Weapon Guidance System and Surveillance