Airport Surveillance Radar Market Projected to Grow at a CAGR of 7.05% to Reach US$592.624 Million by 2024

Introduction

Airport surveillance radar system(ASR) is installed in airports to identify the position of the aircraft in the airspace around airports. It helps in maintaining a safe flow of air traffic and preventing collisions. ASR system can be segmented as primary surveillance radar and secondary surveillance radar. The primary system detects the location of aircraft while the secondary surveillance system interacts with the transponders of aircraft and transmits a signal back containing the airplane’s ID and elevation. It comprises of radar unit and other telecommunication components.  ASR helps air traffic controllers to manage movements of aircraft on the runway.

Drivers and restraints of Airport Surveillance Radar Market

Airport surveillance radar market is flying with the growth of the travel and tourism industry. Increasing disposable income of the people, and inclination towards faster, and comfortable way of commuting has increased the air commuters.  Growing air traffics at airports requires proper control systems such as airport surveillance radar, to mitigate aviation accidents. Growing concerns regarding the safety of commuters are boosting the airport surveillance radar market growth. The increasing number of fatalities have brought government concern towards passenger safety and making them upgrade their poor surveillance to advanced surveillance. Growing security threats in several countries have increased defense spending. Airport surveillance radar market analysis shows that increasing defense spending for border surveillance, and other applications, increasing air commuters, and increasing safety concerns for commuters are increasing the airport surveillance radar market size. However, major challenges for the airport surveillance radar market are the high installation cost of such devices and unskilled manpower. Under trained personnel leads to improper management of the air services which can be a major threat to the market.

Market segmentation

The market of airport surveillance radar is segmented by type, component, and geography. By type, the market is segmented into primary radar and secondary radar. The market of primary radars is expected to have a significant share in the ASR market share. Increasing investments in the construction and expansion of airports by the developing countries are driving its market. By component, the market is segmented into radar unit and other telecommunication components. Radar units in components segment are expected to have a significant market share on account of increasing construction of new airports and the adoption of the latest radar systems. Applications in defense & space are expected to grow owing to the need for border surveillance, and the requirement of man-portable radars for battlefield surveillance.

Geographically, global airport surveillance radar market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Asia Pacific region is expected to boost owing to increasing airport constructions and increasing defense spending in the region. North America and Europe regions also have a significant market share of the global airport surveillance radar market share owing to increasing disposable income of the people and increasing government spending on defense.

According to competitive intelligence done by Knowledge Sourcing Intelligence, 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.

Key Questions Answered in This Report:

  • What are the key regions having a significant market share of the market?
  • What are the drivers and restraints of the market?
  • Who are the key market players in the market?
  • What is market segmentation of the airport surveillance radar market?
  • What are the types of airport surveillance radar?

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