Ground Surveillance Radar (GSR) Systems Market 2022
The global Ground Surveillance Radar (GSR) Systems Market is expected to grow on a splendid note in the next 10 years. With cloud computing turning out to be the mainstream, majority of industry verticals are expected to migrate to cloud solutions. Edge computing would be the major disrupter in the near future. In other words, the ICT vertical would be living on an innovative edge in the forecast period.
Ground Surveillance Radar (GSR) Systems Market to grow at a CAGR of 6.8%
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.
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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.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Thales SA, Lockheed Martin Corporation, Saab AB, Elbit Systems Ltd., Raytheon Company, FLIR Systems Inc., Israel Aerospace Industries Ltd., Blighter Surveillance Systems, Kongsberg Gruppen, DeTect Inc., SRC Inc., ThalesRaytheonSystems, Kelvin Hughes Limited and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Ground Surveillance Radar (GSR) Systems.
What is Driving Demand for 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.
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Growing geopolitical instabilities & territorial conflicts in the Middle East and Asia-Pacific regions is driving the adoption of GSR Systems Market
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 GSR Systems Market Outlook
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.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Ground Surveillance Radar (GSR) Systems Market Manufacturers
Ground Surveillance Radar (GSR) Systems Market Distributors/Traders/Wholesalers
Ground Surveillance Radar (GSR) Systems Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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