Radar Market Developments by 2031
The radar market is expected to register a CAGR of 10.9% during 2023–2031. Demand for coastal surveillance and maritime security is likely to remain a key trend in the market.
Radar Market Analysis
- Due to several factors and applications in several industries, the radar market is growing and developing radically. Phased-array antennas are driving the solid-state radar market in terms of demand for long-range radar systems.
- In the aviation sector, radar systems are used to detect obstacles, provide weather information, and give altitude details accurately to the pilot. The radar market is becoming ever more diversified and dynamic, driven by developments in technology, an increasing demand in several domains, and the arrival of innovations making use of radar.
Radar Market Overview
- A radar is an electromagnetic sensor for detecting, locating, tracking, and recognizing different kinds of objects at considerable distances. The work is based on transmitting EM energy toward objects, usually referred to as targets, and observing the echoes returned from them. Targets include aircraft, ships, spacecraft, automotive vehicles, and astronomical bodies. Radar is an active sensing device; it is a location device with its source of illumination, a transmitter that always operates in the microwave region of the electromagnetic spectrum.
- One of the main principles that radar systems operate on is returning radio waves to calculate the distance and velocity of targets that they hit. They are composed of a transmitter to send out radio signals and a receiver to catch any reflected energy from targets.
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Radar Market: Strategic Insights
Radar Market
-
CAGR (2024 - 2031)
10.9%
-
Market Size 2023
US$ XX Million
-
Market Size 2031
US$ XX Million
Market Dynamics
GROWTH DRIVERS
- Technological Advancements and Increased Applications
FUTURE TRENDS
- Defense Industry and Territorial Battles
OPPORTUNITIES
- Demand for Coastal Surveillance and Maritime Security
Key Players
- Thales Group
- Honeywell International Inc
- Flir Systems Inc
- Harris Corporation
- Leonardo S P A
- Lockheed Martin Corporation
- Raytheon Company
- Saab AB
- ASELSAN A
- Hensoldt
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Antenna
- Transmitter
- Receiver
Service
- Installation/Integration
- Support & Maintenance
- Training & Consulting
Application
- Ground-based
- Airborne
- Naval
- Space-based
Frequency
- L-band
- S-band
- C-band
- X-band
- Ku-band
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Radar Market: Strategic Insights
-
CAGR (2024 - 2031)10.9% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Market Dynamics
- Technological Advancements and Increased Applications
- Defense Industry and Territorial Battles
- Demand for Coastal Surveillance and Maritime Security
Key Players
- Thales Group
- Honeywell International Inc
- Flir Systems Inc
- Harris Corporation
- Leonardo S P A
- Lockheed Martin Corporation
- Raytheon Company
- Saab AB
- ASELSAN A
- Hensoldt
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Antenna
- Transmitter
- Receiver
- Installation/Integration
- Support & Maintenance
- Training & Consulting
- Ground-based
- Airborne
- Naval
- Space-based
- L-band
- S-band
- C-band
- X-band
- Ku-band
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Radar Market Drivers and Opportunities
Technological Advancements and Increased Applications
- It is the radar technology that is required for navigation, collision avoidance, and real-time area monitoring of unmanned aerial vehicles, thereby driving the growing demand for UAVs. This growth and diversification in the radar market are mainly driven by technological advancements and increased applications across various industries, therefore offering key opportunities to manufacturers and developers of radar systems.
- Radar technology makes a great contribution to enhancing the capabilities of these UAVs to fly through varying terrains, avoid potential accidents on obstacles or other aircraft, and monitor areas in real-time. All these play an important role in many applications, such as aerial surveillance, infrastructure inspection, and search and rescue activities.
- The radar technology applied to UAVs has also been key in the development of advanced applications, including the creation of high-precision three-dimensional maps with LIDAR sensors and millimeter wave radar sensors for long-range and all-weather sensing. Also, increasing demand for 5G internet and technologies would drive the development process of radar systems, creating more opportunities for radar system manufacturers and developers.
Defense Industry and Territorial Battles
- Some of the major factors driving the radar market include the increasing demand for radar systems in the automotive and defense industries. This demand is seen as being driven by advanced safety features and autonomous driving technologies in the automotive industry. At the same time, in the military, there is an increase in demand for advanced military applications. In this regard, radar technology has been incorporated into the implementation of collision avoidance, object detection, and adaptive cruise control in automotive vehicles, while in defense applications, it supports target tracking, surveillance, and missile guidance.
- Advancements in radar technology are also fueling the growth of the market due to its advantages of contactless detection, comprehensive data acquisition, and multi-dimensional detection. All these factors are making radar systems indeed highly indispensable in various applications across industries. Territorial battles and geopolitical tensions are also impacting the radar market, particularly in the defense sector, wherein the deployment of radar systems becomes of very high importance in terms of national security and surveillance purposes.
Radar Market Segmentation
Key segments that contributed to the derivation of the radar market analysis are component, service, application, frequency, and end-use.
- Based on components, the market is divided into antenna, transmitter, receiver, and others.
- In terms of service, the market is segmented into ground-based, airborne, naval, and space-based.
- Based on application, the market is divided into antenna, transmitter, receiver, and others.
- In terms of frequency, the market is segmented into L-band, S-band, C-band, X-band, and Ku-band.
- Based on end use, the market is divided into military applications, air traffic control, remote sensing, and others.
Radar Market Share Analysis by Geography
- The radar market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering mechanical keyboards market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the radar market in these regions.
Radar Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ XX Million |
Market Size by 2031 | US$ XX Million |
Global CAGR (2024 - 2031) | 10.9% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Radar Market News and Recent Developments
The radar market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the radar market are listed below:
- Lockheed Martin successfully demonstrated the first live track AN/SPY-7(V)1 radar for the Aegis System Equipped Vessel (ASEV), marking a critical milestone in the program that will serve as the cornerstone for Japan’s national defense.
(Source: Lockheed Martin Corporation, Press Release, April 2024)
- Vaisala launches cutting-edge C-band weather radar technology for high-performance weather surveillance and smart early-warning decisions. The newest addition to Vaisala's solid-state weather radar family provides extended coverage and exceptional accuracy in an integrated, low-maintenance package for improved prediction of and preparation for adverse weather.
(Source: Vaisala, Company Website, June 2022)
Radar Market Report Coverage and Deliverables
The "Radar Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Radar market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Radar market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Radar market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the radar market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
The leading players operating in the market are Thales Group, Honeywell International Inc., Flir Systems, Inc., Harris Corporation, Leonardo S.P.A, Lockheed Martin Corporation, Raytheon Company, Saab AB, ASELSAN A.Ş., and Hensoldt.
Demand for coastal surveillance and maritime security is likely to remain a key trend in the market.
The global radar market is expected to grow at a CAGR of 10.9% during the forecast period 2023 - 2031.
Technological advancements and increased applications are the major factors driving the radar market.
The List of Companies
1. L-3 Communications Holdings
2. Lockheed Martin
3. BAE Systems
4. Saab Group
5. Northrop Grumman Corporation
6. Boeing Company
7. Cobham PLC
8. Finmeccanica SPA
9. Dassault Aviation
10. Harris Corporation