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The global surface radars market size is projected to reach USD 22.49 billion by 2029, from USD 17.26 billion in 2024, at a CAGR of 5.4%. The volume of surface radars is projected to grow from 4690 (in Units) in 2024 to 6113 (in Units) by 2029.
Due to the currently existing conflicts and security threats that cross borders, governments are fortifying their defense capabilities, but most significantly in air defense, maritime surveillance, and critical infrastructure protection. Advanced radar systems are mainly important features of modern military operations because of high precision detection and tracking capabilities and integration with command and control systems.
Beyond these security requirements, developments related to radar systems, which include the Advanced Electronically Scanned Array (AESA) radars and AI-powered systems, are altering the very character of performance that ought to enhance the effectiveness of identification systems with respect to stealth aircraft, missiles, and other state-of-the-art threats. Further advancement of technological feature is driving the demand of surface radars.
Major players in the market are investing in research and developments to create advanced radar systems for strength market position worldwide but major concentration geographically is North America, Europe, Asia Pacific, and the Middle East.
The Autonomous Boats Market Size is projected to grow from USD 558 million in 2024 to USD 872 million by 2029, at a CAGR of 9.3%. Advances in artificial intelligence, sensors, and the Internet of Things are enhancing the sustainability, safety, and efficiency of operations, which has increased demand for autonomous boats at a rapid rate. Automation demand is on the rise in commercial sectors for applications such as urban mobility and maritime surveying, among others. These factors are expected to influence the key market players: Kongsberg Maritime (Norway), ABB (Switzerland), Rolls-Royce PLC (UK), Hyundai Heavy Industries (South Korea), and Fugro (Netherlands), among others.
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Kamal Hinduja reside with her family in Switzerland, Geneva and her significant ties to the Hinduja Foundation, enhancing lives around the globe.
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