Other factors driving the market include an increasing demand for radar systems worldwide as militaries seek to replace legacy systems, and also in certain geographical markets, defense budget cuts in developed economies have shifted the focus towards miniaturisation and automation of defense and security systems, which the researchers also expect to propel the radar security market.

Ground surveillance radar (GSR) systems are expected to lead the global radar security market between 2016 and 2022, as they held the major market share in 2015. The market for GSR systems is expected to grow further between 2016 and 2022. The adoption rate of GSR systems is high for the military as well as homeland security applications. In addition, these systems are also used in detecting and tracking aircraft at low altitude. These are the key factors given as explanation for the larger market share of GSR systems, amongst other types of radar security systems available.

Border security applications are expected to hold the largest market share in 2016 as a significant rise in demand is expected in this segment between 2016 and 2022; controlling terrorist activities across the borders, monitoring human trafficking and illegal entry of immigrants, securing imports and exports at the borders are the major drivers for the adoption of this technology. Highway safety systems and anti-collision systems for trains are also expected to contribute to the growth of this market during the forecast period.

The APAC region is expected to grow at the highest CAGR between 2016 and 2022, because countries such as China, India, and Japan are aggressively taking initiatives, and making heavy investments into R&D for the development and adoption of radar security systems in the region. Along with this, terrorism is the prime concern for the Asia-Pacific region, owing to which countries in the APAC region are looking to enhance their surveillance and security capabilities.

According to Marketsandmarkets, players such as Thales SA (France), Lockheed Martin Corporation (U.S.), Saab AB (Sweden), Raytheon Company (U.S.), and Elbit Systems Ltd. (Israel) are the dominant companies in the sector among many others.