Ground Surveillance Radar (GSR) Systems Market Segmented By Short-Range, Medium-Range, Long-Range Product in Aerospace and Defense, Military, Home Security
Industry: IT and Telecommunication
Format: PPT*, PDF, EXCEL
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Report Type: Ongoing
Report ID: PMRREP32840
The Ground Surveillance Radar (GSR) systems market is estimated to grow by more than 6.8% CAGR from 2021-2031 owing to increasing growth of aerospace, military applicators, and defense industry across the globe over the years.
Ground Surveillance Radars (GSR) are high technology sensor systems which helps to monitor critical infrastructure areas such as borders, airports, refineries, military installations, and other critical industries or activity surrounding. It detects the movement at ground level of targets such as different size of vehicles or an individual walking or crawling.
According to analysis, GSR Systems market is set to witness significant growth during 2021-2031. The market will show significant growth in coming years, owing to increased border risks among developed as well as developing economies across globe. However, higher development cost of ground surveillance radar systems restrains the growth of the GSR systems market.
Adoption of the GSR systems in various applications such as air missile defense systems, ballistic missile, and many more has increased over the years. Therefore increasing adoption of the GSR systems in marines and army and, miniaturization & automation of defense & surveillance sector fuels the growth of the GSR systems.
GSR systems are also used in civilian application such as anti-collision and highway safety systems for train augments the growth of the GSR systems.
Moreover, due to increasing interference of electromagnetic jamming and rising cyber ware fare the complexity of radar security system has increased which is been one of major factor to restrains the growth of the GSR systems.
The developing economies such as China, India, Qatar, and Saudi Arabia has always been geopolitical instabilities & territorial conflicts. Thus geopolitical instabilities in between economies of Middle East and Asia-Pacific region fuels the growth of the GSR systems.
Also developed economies such as U.S., Germany, U.K. and many more has shift their focus on automation and miniaturization of security systems and defense sector. Increasing advancement and investment in air missile system and ballistic missile fuels the growth of the radar security market which ultimately spurs the growth of the GSR systems.
North America is anticipated to constitute a highest growth in the GSR Systems market over the forecasted period. The North America shows significant growth in GSR systems owing to growing concern about security and replenishment program in countries such as Canada and U.S. in North America region.
The military spending in U.S. is around $934 billion, second-largest item in the federal budget after social security. From which $705 billion spends by the department of defense alone. Over the years, US spends much amount of their budget on military applications which ultimately propels the demand of GSR Systems in North America region.
North America has presence of GSR Systems providers such as FOG Software Group, KVH Industries, Inc. Honeywell International Inc., EMCORE Corporation, and presence of such key vendors in the North America region propels the demand for the GSR Systems market.
Europe is the second largest contributor to GSR systems market and would grow at higher CAGR, owing to more spending on defense among other European countries. France, Germany, Italy, France, and U.K. are the dominating economies in Europe region.
For an instance, in 2020, the developed economy in Europe region U.K. has increases its defense budget to $21.9 Bn for spending on shipbuilding, space, and cyber. Advancement in technological and automation sector drives the demand for GSR Systems in UK. Also growing demand for radar systems in military, defense industry in Europe region propels the demand for GSR Systems.
The stringent government regulations and annual budget in defense sector in major economies such as France, Germany, Italy, United Kingdom, and Spain has been one of the major driving factor for the growth of the GSR systems in Europe region.
Some of the leading vendors and companies of GSR systems including
These key vendors have adopted various organic/inorganic strategies, to increase customer base at global market. They spends millions of dollars into product research and development to carry off the needs of their customers for GSR Systems market. Furthermore, many companies are focusing on new product launch to enhance their product offering.
For an instance, In March 2018, Thales Group announced partnership with Defence Technology Institute (DTI). Memorandum of Agreement (MoA) signed between Defence Technology Institute (DTI), Datagate and Thales for collaboration in digital communications systems. This partnership helps to collaborate closely in research and development related to air defence and digital communications systems.
By Product
By Application
By Region
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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