Europe Naval System Surveillance Radar Market

The naval system surveillance radar market in Europe is expected to grow from US$ 1,087.93 million in 2022 to US$ 1,727.08 million by 2028. It is estimated to grow at a CAGR of 8.0% from 2022 to 2028.

Growing Importance of Naval Surveillance Systems

The days of monitoring coastline and submarine solely with human eyes, hoping to detect repeat offenders and known criminals using sometimes-out-of-date paper, are long gone (although still a vital part of the effort). Satellites and sensor-equipped unmanned aerial vehicles (UAVs), ships, boats, and naval ports constantly monitor the country's borders and coastlines. The rapidly growing need for interdiction, the wide range of sensors and platforms currently in use or planned, and the dozens of local, state, and federal agencies involved have all increased the need for shared intelligence at all levels via real-time networks, advanced communications systems, and artificial intelligence (AI). Further, refugee ships are currently one of the most pressing issues on the high seas, so the naval surveillance operations are critical for ensuring that all activities on the seas or oceans are conducted securely and that national and international security is not harmed. Additionally, the Europe naval system surveillance radar market is driven by increasing marine safety and national safety awareness and an increase in trade and freight transport activities by the sea. Furthermore, increasing security concerns, rapid development in international marine trade, and regulatory compliance for maritime trade contribute to naval system surveillance radar market growth. Thus, implementing various rules and regulations for the better integration and regulation of maritime advanced security and surveillance system boosts the Europe naval system surveillance radar market growth.

Market Overview

Germany, France, Italy, the UK, Russia, and the Rest of Europe are the key contributors to the naval system surveillance radar market in the Europe. Well-established military & defense sectors are driving the demand for naval system surveillance radar across Europe. According to the report published by SIPRI in 2021, the military spending in Europe was US$ 418 billion, and the funding was implemented for various projects to improve surveillance and radar systems across North Atlantic Treaty Organization (NATO) allies and all the (European Union) EU member states. Thus, high military expenses across European countries drive the growth of the Europe naval system surveillance radar market across Europe. Europe is witnessing a rising penetration of advanced naval technologies, leading to the growing adoption of naval system surveillance radar. Further, in January 2020, Indra opened Spain's largest radar factory, which is one of the largest in Europe. Indra has centralized the production of all of its radar systems in a 7000-square-meter facility. The majority of next-generation radars will be sold to governments worldwide. The company’s initiatives to develop radar systems in the Europe region by opening the factory are boosting the Europe naval system surveillance radar market growth in the region. Further, in September 2021, Thales was awarded a contract to supply the Albatros Maritime Surveillance and Intervention Aircraft (AVSIMAR) program with its SEARCHMASTER surveillance radar and mission navigation system. This new initiative across regions drives the growth of the Europe naval system surveillance radar market across Europe.

Europe Naval System Surveillance Radar Market Revenue and Forecast to 2028 (US$ Million)

Europe Naval System Surveillance Radar Strategic Insights

Strategic insights for the Europe Naval System Surveillance Radar provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Naval System Surveillance Radar Report Scope

Europe Naval System Surveillance Radar Regional Insights

The geographic scope of the Europe Naval System Surveillance Radar refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Europe Naval System Surveillance Radar Market Segmentation

The Europe naval system surveillance radar market is segmented into type, application, and country. Based on type, the market is segmented into x-band and ku-band, l-band and s-band, and others. The x-band and ku-band segment registered the largest market share in 2022.

• Based on application, the market is bifurcated into weapon guidance system and surveillance. The surveillance segment held a larger market share in 2022.
• Based on country, the market is segmented into Germany, France, Italy, UK, Russia, and Rest of Europe. Russia dominated the market share in 2022.

Lockheed Martin Corporation; Northrop Grumman Corporation; Raytheon Technologies Corporation; Saab AB; Thales Group; BAE Systems; Israel Aerospace Industries Ltd; Leonardo S.p.a; Ultra; and HENSOLDT. are the leading companies operating in the Europe naval system surveillance radar market in the region.