What is the global market size of Surveillance Radars Market?

Global Surveillance Radars Market size was valued at USD 8.9 Billion in 2022 and is poised to grow from USD 9.83 billion in 2023 to USD 21.86 Billion by 2031, at a CAGR of 10.5% during the forecast period (2024-2031).

Who are the key vendors in the Global Surveillance Radars Market?

The global surveillance radars market is highly competitive and characterised by the presence of several key players offering a diverse range of products and services. These players compete in terms of technological advancements, product innovation, pricing strategies, and geographical reach to gain a competitive edge in the market. This competitive landscape overview provides a general understanding of the market dynamics without mentioning specific company names. The market players in the global surveillance radars market focus on research and development activities to introduce advanced radar systems that cater to the evolving needs of defence and security agencies. Technological advancements, such as the integration of radar systems with other sensor technologies and the adoption of artificial intelligence and machine learning algorithms, have become key areas of focus. These advancements aim to enhance radar capabilities in terms of detection accuracy, range, resolution, and target tracking capabilities. 'Lockheed Martin Corporation (US)', 'Raytheon Technologies Corporation (US)', 'Thales Group (France)', 'Saab AB (Sweden)', 'Northrop Grumman Corporation (US)', 'Hensoldt AG (Germany)', 'Leonardo S.p.A. (Italy)', 'BAE Systems plc (UK)', 'Airbus SE (Netherlands)', 'Israel Aerospace Industries Ltd. (Israel)', 'Harris Corporation (US)', 'Rheinmetall AG (Germany)', 'General Dynamics Corporation (US)', 'Mitsubishi Electric Corporation (Japan)', 'L3 Harris Technologies, Inc. (US)', 'SRC, Inc. (US)', 'Elbit Systems Ltd. (Israel)', 'Indra Sistemas S.A. (Spain)', 'Bharat Electronics Limited (India)', 'ASELSAN A.Å. (Turkey)'

What is the key driver of Global Surveillance Radars Market?

Escalating Security Concerns: The rising global apprehensions pertaining to security, encompassing issues like terrorism, border disputes, and illicit activities, are propelling the demand for surveillance radars. To bolster their surveillance capabilities and safeguard national security, governments and defence agencies are increasingly investing in advanced radar systems.

What is the key market trend for Global Surveillance Radars Market?

One notable trend is the increasing demand for advanced surveillance radars to enhance situational awareness and security across various sectors. With the rise in security threats, both conventional and unconventional, governments and defence organisations are investing in modernising their surveillance capabilities. This has led to the development of radar systems with improved capabilities, such as longer detection ranges, higher accuracy, and enhanced target tracking capabilities.

Which region accounted for the largest share in Surveillance Radars Market?

In terms of dominance, North America emerges as the most dominant region in the global surveillance radars market. This dominance can be attributed to several factors, including the presence of key market players, strong defence and security infrastructure, and high investments in military modernization programs. The US, in particular, accounts for a significant market share in North America due to its robust defence spending and the implementation of advanced surveillance technologies across its defence sector.

Global Alkaline Battery Market Size, Share, Growth Analysis, By Product(Primary Battery, Secondary Battery), By Size(AA, AAA), By Applications(Remote Control, Consumer Electronics) - Industry Forecast 2024-2031

Report ID: SQSG20D2008 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 91 | Figures: 76

Global Alkaline Battery Market Regional Insights

In 2021, the North American region accounted for 51% of market revenue, which is the largest portion of the alkaline battery market. It’s because the growing demand for consumer electronics products in the region and the use of alkaline batteries in the field of healthcare instruments, military objects, and various industries will contribute to North America’s supremacy in the alkaline battery market throughout the analysis period.

The Asia Pacific is expected to show tremendous growth after North America as it accounts for the second-largest market share followed by Europe in the alkaline battery market. Factors fuelling the market growth is the increasing demand for portable electronic goods in the region and this will remain the same in the coming period and propel the alkaline market growth.

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Global Alkaline Battery Market size was valued at USD 6.49 billion in 2019 and is poised to grow from USD 6.9 billion in 2023 to USD 10.52 billion by 2031, growing at a CAGR of 6.2% in the forecast period (2024-2031).

The Alkaline Battery market is relatively fragmented, with a high level of competition. Few large players, like Duracell Inc., Energizer Holdings Inc., and EnerSys, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Duracell Inc', 'Energizer Holdings Inc.', 'Panasonic Corporation', 'Toshiba Corporation', 'GP Batteries International Ltd.', 'Rayovac', 'Sony Corporation', 'Fujitsu Limited', 'Hitachi Maxell Ltd.', 'Samsung SDI Co., Ltd.', 'Spectrum Brands Holdings, Inc.', 'Varta Consumer Batteries', 'Zhongyin (Ningbo) Battery Co., Ltd.', 'PKCELL Battery Co., Ltd.', 'Eveready Industries India Ltd.', 'Camelion Battery Co., Ltd.', 'Gao Huan Photoelectric Technology Co., Ltd.', 'Sunwoda Electronic Co., Ltd.', 'LEOCH Battery Corporation', 'Ningbo Baowang Battery Co., Ltd.'

Increasing not reusable income in various developing economies and growing demand for portable items are major driving factors for the industry. Automated and remote household equipment is a chief reason for the increasing demand for alkaline batteries.

Growing innovation in the technology and advancement of alkaline batteries are the major market trend. The increased use of carbon in the cathode blend to increase life cycle and power efficiency is a recent development in alkaline batteries. The increased power and life cycle will drive the market growth of the alkaline battery market during the forecast period.

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Global Alkaline Battery Market Size, Share, Growth Analysis, By Product(Primary Battery, Secondary Battery), By Size(AA, AAA), By Applications(Remote Control, Consumer Electronics) - Industry Forecast 2024-2031

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