Rising Investment in Airport Infrastructure in Emerging Economies a Major Driver for Airport Surveillance Radar Market
The global airport surveillance radar market is expected to grow at a solid 6.49% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The airport surveillance radar market is profiled in great detail in the report, which provides a detailed overview of the global market by providing an analysis of the historical growth trajectory of the market as well as projections for the market’s future growth over the forecast period. The competitive landscape of the airport surveillance radar market is also surveyed in the report and definitive analysis is provided as to the market’s leading players and movers and shakers. This helps provide a comprehensive overview of the airport surveillance radar market to readers.
Airport surveillance radar is a technology used by air traffic controllers to keep track of incoming and outgoing flights and enable hassle-free movement of all planes operating in the airport. Airport surveillance radar is a crucial technology for air traffic controllers, as it allows them to survey the movement around the airport and provide accurate, informed information to incoming aircraft. Ensuring smooth movement of aircraft through airports is essential in avoiding traffic jams, making airport surveillance radar vital for the aviation sector.
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Growing investment from governments in the development of airport infrastructure is the major driver for the global airport surveillance radar market. Many emerging governments around the world have made significant investments in the development of aviation infrastructure in recent years due to the undoubted economic benefits of the same. The availability of robust aviation infrastructure allows smooth movement of industrial materials in and out of the country, as well as allowing for strong commercial and passenger aviation.
This has led to countries such as India, China, South Korea, Mexico, and Saudi Arabia making significant investments in airport infrastructure in the last few years. This has been a major driver for the global airport surveillance radar market. Growing investment in the highest grade of technology possible is likely to remain a major driver for the airport surveillance radar market over the forecast period. Increasing passenger traffic in the aviation industry is also a major driver for the global airport surveillance radar market.
Leading players in the global airport surveillance radar market include Indra Sistemas SA, Telephonics Corporation, Israel Aerospace Industries Ltd., Saab AB, DeTect Inc., Airbus SAS, Easat Radar Systems Ltd., ASELSAN AS, TERMA, Shoghi Communications Ltd., HENSOLDT, NEC Corporation, Blighter Surveillance Systems Ltd., Intelcan Technosystems Inc., L3Harris Technologies Inc., Leonardo SpA, Lockheed Martin Corporation, Raytheon Company, Thales Group, Northrop Grumman Corporation, and BAE Systems.
In January 2020, Raytheon signed a contract with the FAA to modernize the STARS system used in the U.S.
The global airport surveillance radar market is segmented on the basis of type, application, and region.
By type, the global airport surveillance radar market is segmented into primary ad secondary radars.
By application, the global airport surveillance radar market is segmented into civil & commercial airports and military airbases and airfields. The civil & commercial airports segment is expected to dominate the global airport surveillance radar market over the forecast period due to the increasing demand for highly advanced, refined civil airport infrastructure.
North America dominates the global airport surveillance radar market and held a share of more than 36% in the global market in 2018. The easy availability of highly advanced airport infrastructure in North America is the major driver for the airport surveillance radar market in North America. The presence of several leading players in the region is also conducive to steady growth of the airport surveillance radar market in North America. The North America market for airport surveillance radar accounted for more than USD 462 million in 2018. Rising air passenger traffic in North America is the primary driver for the airport surveillance radar market in the region.
Global Airport Surveillance Radar Market: Information by Type (Primary Radars and Secondary Radars), Application (Civil & Commercial Airports and Military Airbases & Airfields) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) – Forecast till 2025 @ https://www.marketresearchfuture.com/reports/airport-surveillance-radar-market-6300