Surveillance radars will see growth in EW, stealth sectors, study says
NewsDecember 30, 2020
AMSTERDAM. Growth in modular technologies like electronic warfare (EW) and stealth capabilities will pace the expansion of the global surveillance radar market, according to a new study from Market Forecast, "Global Surveillance Radars -- Market and Technology Forecast to 2028."
Study authors also found that technical advancements like Doppler Shift and moving target radars are expected to boost growth in this sector, along with the rising number of indigenous programs.
Increased local manufacturing of radar systems leads to direct and indirect additional employment in the areas of production; the study authors said that the positive multiplier effect then accounts for growth in economic development and GDP contribution by the surveillance radar market.
For additional information on the study visit the Market Forecast website.
