Surface Radar Market Size Worth USD 28.98 Billion by 2034 | CAGR: 5.4%
Surface Radar Market Size, Share, Trends, Industry Analysis Report: By Platform, Component (Hardware and Software), Range, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034
• The global surface radar market size was valued at USD 17.15 billion in 2024. The market is projected to grow from USD 18.05 billion in 2025 to USD 28.98 billion by 2034, exhibiting a CAGR of 5.4% from 2025 to 2034.
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• Key Market Players :
• Aselsan A.S.
• Bae Systems
• Bharat Electronics Limited
• Elbit Systems Ltd
• Hensoldt
• Based on component, the hardware dominated the surface radar market in 2024 as hardware is the critical component of radar technology.
• By range, the short range segment is expected to witness the fastest growth during the forecast period due to rising demand for short range surface radar, driven by rising urban tensions.
• North America dominated the global market in 2024 due to strong investments in defense, security, and technological advancements.
• The Asia Pacific surface radar market is expected to record a significant share during the forecast period, driven by rising security concerns and significant defense spending.
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