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
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Radar Market: Strategic Insights
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Speak to AnalystRadar 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
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.
1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Radar Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Radar Market - By Platform
3.2.2 Radar Market - By Components
3.2.3 Radar Market - By Types of Systems
3.2.4 Radar Market - By Application
3.2.5 Radar Market - By Region
3.2.5.1 By Countries
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South America - PEST Analysis
4 Radar Market - Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis
5 Radar Market Analysis- Global
5.1 Global Radar Market Overview
5.2 Global Radar Market Forecasts and Analysis
6 Radar Market Revenue and Forecasts to 2028 - Platform
6.1 Overview
6.2 Platform Market Forecasts and Analysis
6.3 Land Market
6.3.1 Overview
6.3.2 Land Market Forecasts and Analysis
6.4 Air Market
6.4.1 Overview
6.4.2 Air Market Forecasts and Analysis
6.5 Naval Market
6.5.1 Overview
6.5.2 Naval Market Forecasts and Analysis
7 Radar Market Revenue and Forecasts to 2028 - Components
7.1 Overview
7.2 Components Market Forecasts and Analysis
7.3 Receiver Market
7.3.1 Overview
7.3.2 Receiver Market Forecasts and Analysis
7.4 Scanners Market
7.4.1 Overview
7.4.2 Scanners Market Forecasts and Analysis
7.5 Wavelength Market
7.5.1 Overview
7.5.2 Wavelength Market Forecasts and Analysis
7.6 Emitter Market
7.6.1 Overview
7.6.2 Emitter Market Forecasts and Analysis
7.7 Antenna Market
7.7.1 Overview
7.7.2 Antenna Market Forecasts and Analysis
7.8 Others Market
7.8.1 Overview
7.8.2 Others Market Forecasts and Analysis
8 Radar Market Revenue and Forecasts to 2028 - Types of Systems
8.1 Overview
8.2 Types of Systems Market Forecasts and Analysis
8.3 Early Warning Market
8.3.1 Overview
8.3.2 Early Warning Market Forecasts and Analysis
8.4 Target Acquisition Market
8.4.1 Overview
8.4.2 Target Acquisition Market Forecasts and Analysis
8.5 Surface Search Market
8.5.1 Overview
8.5.2 Surface Search Market Forecasts and Analysis
8.6 Height Finder Market
8.6.1 Overview
8.6.2 Height Finder Market Forecasts and Analysis
8.7 Gap Filler Market
8.7.1 Overview
8.7.2 Gap Filler Market Forecasts and Analysis
9 Radar Market Revenue and Forecasts to 2028 - Application
9.1 Overview
9.2 Application Market Forecasts and Analysis
9.3 Air Traffic Control Market
9.3.1 Overview
9.3.2 Air Traffic Control Market Forecasts and Analysis
9.4 Aircraft Navigation Market
9.4.1 Overview
9.4.2 Aircraft Navigation Market Forecasts and Analysis
9.5 Ship Navigation & Safety Market
9.5.1 Overview
9.5.2 Ship Navigation & Safety Market Forecasts and Analysis
9.6 Microwave Sounder Market
9.6.1 Overview
9.6.2 Microwave Sounder Market Forecasts and Analysis
9.7 Fire Control Market
9.7.1 Overview
9.7.2 Fire Control Market Forecasts and Analysis
9.8 Scatterometry Market
9.8.1 Overview
9.8.2 Scatterometry Market Forecasts and Analysis
9.9 Land-Use Forestry & Agriculture Market
9.9.1 Overview
9.9.2 Land-Use Forestry & Agriculture Market Forecasts and Analysis
9.10 Others Market
9.10.1 Overview
9.10.2 Others Control Market Forecasts and Analysis
10 Radar Market Revenue and Forecasts to 2028 - Geographical Analysis
10.1 North America
10.1.1 North America Radar Market Overview
10.1.2 North America Radar Market Forecasts and Analysis
10.1.2.1 North America Market Forecasts and Analysis - By Countries
10.1.2.1.1 US market
10.1.2.1.2 Canada market
10.1.2.1.3 Mexico market
10.1.2.2 North America Market Forecasts and Analysis - By Platform
10.1.2.3 North America Market Forecasts and Analysis - By Components
10.1.2.4 North America Market Forecasts and Analysis - By Types of Systems
10.1.2.5 North America Market Forecasts and Analysis - By Application
10.2 Europe
10.2.1 Europe Radar Market Overview
10.2.2 Europe Radar Market Forecasts and Analysis
10.2.2.1 Europe Market Forecasts and Analysis - By Countries
10.2.2.1.1 France market
10.2.2.1.2 Germany market
10.2.2.1.3 Italy market
10.2.2.1.4 Spain market
10.2.2.1.5 UK market
10.2.2.2 Europe Market Forecasts and Analysis - By Platform
10.2.2.3 Europe Market Forecasts and Analysis - By Components
10.2.2.4 Europe Market Forecasts and Analysis - By Types of Systems
10.2.2.5 Europe Market Forecasts and Analysis - By Application
10.3 Asia pacific (APAC)
10.3.1 Asia Pacific Radar Market Overview
10.3.2 Asia Pacific Radar Market Forecasts and Analysis
10.3.2.1 Asia Pacific Market Forecasts and Analysis - By Countries
10.3.2.1.1 Australia market
10.3.2.1.2 China market
10.3.2.1.3 India market
10.3.2.1.4 Japan market
10.3.2.2 Asia Pacific Market Forecasts and Analysis - By Platform
10.3.2.3 Asia Pacific Market Forecasts and Analysis - By Components
10.3.2.4 Asia Pacific Market Forecasts and Analysis - By Types of Systems
10.3.2.5 Asia Pacific Market Forecasts and Analysis - By Application
10.4 Middle East and Africa (MEA)
10.4.1 Middle East and Africa Radar Market Overview
10.4.2 Middle East and Africa Radar Market Forecasts and Analysis
10.4.2.1 Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.2.1.1 South Africa market
10.4.2.1.2 Saudi Arabia market
10.4.2.1.3 UAE market
10.4.2.2 Middle East and Africa Market Forecasts and Analysis - By Platform
10.4.2.3 Middle East and Africa Market Forecasts and Analysis - By Components
10.4.2.4 Middle East and Africa Market Forecasts and Analysis - By Types of Systems
10.4.2.5 Middle East and Africa Market Forecasts and Analysis - By Application
10.5 South America (SAM)
10.5.1 South America Radar Market Overview
10.5.2 South America Radar Market Forecasts and Analysis
10.5.2.1 South America Market Forecasts and Analysis - By Countries
10.5.2.1.1 Brazil market
10.5.3 South America Market Forecasts and Analysis - By Platform
10.5.4 South America Market Forecasts and Analysis - By Components
10.5.5 South America Market Forecasts and Analysis - By Types of Systems
10.5.6 South America Market Forecasts and Analysis - By Application
11 Industry Landscape
11.1 Mergers & acquisitions
11.2 Market Initiatives
11.3 New developments
11.4 Investment scenarios
12 Competitive Landscape
12.1 Competitive Product mapping
12.2 Market Positioning/ Market Share
13 Radar Market, Key Company Profiles
13.1 L-3 Communications Holdings
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Company Size and services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Lockheed Martin
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Company Size and services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 BAE Systems
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Company Size and services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Saab Group
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Company Size and services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Northrop Grumman Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Company Size and services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Boeing Company
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Company Size and services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Cobham PLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Company Size and services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Finmeccanica SPA
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Company Size and services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Dassault Aviation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Company Size and services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Harris Corporation
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Company Size and services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14 Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
14.3 Research Methodology
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.