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Surveillance Radar System Market Size 2021 - Industry Trends Report to 2027

The surveillance radar system market is poised to register commendable expansion through the forthcoming years, impelled by an increase in product development and launch initiatives by leading industry participants.<br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/5145

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Surveillance Radar System Market Size 2021 - Industry Trends Report to 2027

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  1. Surveillance Radar System Market is projected to reach CAGR 7% by 2027

  2. Key Insights from Surveillance Radar System Market: • The surveillance radar system market is poised to register commendable expansion through the forthcoming years, impelled by an increase in product development and launch initiatives by leading industry participants. • Considering an instance, in March 2021, Thales Group rolled out RSM NG, a digital secondary surveillance radar, for utilization in air traffic management. The product can track nearly 2,000 flights, disseminating around 64 simultaneous data outputs to numerous ATCC (air traffic control centers). • The industry growth is impelled by the increasing proliferation of unmanned aircraft vehicles across developed nations. These UAVs are combined with radar sensors for numerous applications like securing precise navigation, security, surveillance, and object detection.

  3. Regional Insights in Surveillance Radar System Market: • Increasing advancements in IoT & AI technologies and escalation in military expenditure are expected to favor the industry expansion in Europe. As per SIPRI (Stockholm International Peace Research), Germany spent around USD 52.8 billion, and the U.K. spent more than USD 59.2 billion in 2020. • The regional installation of surveillance radar systems will also increase with the upsurge in geopolitical conflicts.

  4. Latest Research Report On Surveillance Radar System Market @ https://www.gminsights.com/industry-analysis/surveillance-radar-system-market Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/5145

  5. Major Companies in Surveillance Radar System Market: • L3HARRIS Technologies • Leonardo S.p.A. • Northrop Grumman Corporation • BAE Systems • Therma A/S • Thales Group • Raytheon Company • SAAB AB

  6. Industry Coverage

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