The global radar system market size reached US$ 35.0 Billion in 2023. Looking forward, the market is projected to reach US$ 47.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.43% during 2023-2032. The growing concerns regarding geopolitical conflicts, growing investment to upgrade the overall defense infrastructure and the increasing air traffic level represent some of the key factors driving the market.
The radar system uses electromagnetic waves to detect, locate, and track objects. It consists of a transmitter that emits radio waves, a receiver that detects the reflected waves, and a processor that analyzes the data to determine the object's location and velocity. It can be used for a variety of purposes, including air traffic control, military surveillance, weather forecasting, and navigation. It can operate in any weather condition and can detect objects at long ranges, making them particularly useful for detecting aircraft and ships.
As a result, there has been a considerable rise in the demand for radar systems across the globe due to their several advantages, such as enhanced safety and security, improved efficiency, and enhanced situational awareness. Besides this, during air traffic control, radar systems help pilots avoid collisions and navigate safely through congested airspace and detect and track enemy targets, providing valuable intelligence for military operations. Additionally, it can also provide real-time data on precipitation, allowing for more accurate and timely weather predictions.
Apart from this, the growing air traffic around the world is driving the demand for radar systems in air traffic control as they are used to monitor and track aircraft, helping to ensure safe and efficient air travel. In addition, continuous advancements in technology, which have led to the development of more sophisticated and efficient radar systems, such as the use of digital signal processing, synthetic aperture radar, and phased array antennas have made radar systems more precise, accurate, and faster.
Some of the companies covered include BAE Systems Plc, Dassault Aviation, General Dynamics Corporation, Honeywell International Inc., L3harris Technologies, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Rockwell Collins Inc., SAAB AB, Thales Group, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
2. What is the expected growth rate of the global radar system market during 2024-2032?
3. What are the key factors driving the global radar system market?
4. What has been the impact of COVID-19 on the global radar system market?
5. What is the breakup of the global radar system market based on the type?
6. What is the breakup of the global radar system market based on the component?
7. What is the breakup of the global radar system market based on the range?
8. What is the breakup of the global radar system market based on the application?
9. What is the breakup of the global radar system market based on the frequency band?
10. What are the key regions in the global radar system market?
11. Who are the key players/companies in the global radar system market?
The radar system uses electromagnetic waves to detect, locate, and track objects. It consists of a transmitter that emits radio waves, a receiver that detects the reflected waves, and a processor that analyzes the data to determine the object's location and velocity. It can be used for a variety of purposes, including air traffic control, military surveillance, weather forecasting, and navigation. It can operate in any weather condition and can detect objects at long ranges, making them particularly useful for detecting aircraft and ships.
As a result, there has been a considerable rise in the demand for radar systems across the globe due to their several advantages, such as enhanced safety and security, improved efficiency, and enhanced situational awareness. Besides this, during air traffic control, radar systems help pilots avoid collisions and navigate safely through congested airspace and detect and track enemy targets, providing valuable intelligence for military operations. Additionally, it can also provide real-time data on precipitation, allowing for more accurate and timely weather predictions.
Radar System Market Trends
The global market is primarily driven by significant growth in the defense sector. Coupled with the increasing investments by public and private agencies to upgrade the overall defense infrastructure, this is providing a boost to the demand for radar systems across the globe. Along with this, the rising concerns regarding terrorist attacks and geopolitical conflicts is creating a positive market outlook for radar systems as they are widely utilized for surveillance, reconnaissance, and weapon guidance. Moreover, the increasing demand for autonomous vehicles is driving the demand for radar systems since they are used in autonomous vehicles to detect obstacles and other vehicles, helping to prevent accidents and improve safety.Apart from this, the growing air traffic around the world is driving the demand for radar systems in air traffic control as they are used to monitor and track aircraft, helping to ensure safe and efficient air travel. In addition, continuous advancements in technology, which have led to the development of more sophisticated and efficient radar systems, such as the use of digital signal processing, synthetic aperture radar, and phased array antennas have made radar systems more precise, accurate, and faster.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global radar system market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, component, range, application and frequency band.Type Insights:
- Pulse Radar
- Continuous Wave (CW) Radar
Component Insights:
- Antenna
- Transmitter
- Receiver
- Others
Range Insights:
- Short Range Radars
- Medium Range Radars
- Long Range Radars
Application Insights:
- Air Traffic Control
- Remote Sensing
- Ground Traffic Control
- Space Navigation and Control
- Others
Frequency Band Insights:
- X Band
- S Band
- C Band
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global radar system market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.Some of the companies covered include BAE Systems Plc, Dassault Aviation, General Dynamics Corporation, Honeywell International Inc., L3harris Technologies, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Rockwell Collins Inc., SAAB AB, Thales Group, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. How big is the global radar system market?2. What is the expected growth rate of the global radar system market during 2024-2032?
3. What are the key factors driving the global radar system market?
4. What has been the impact of COVID-19 on the global radar system market?
5. What is the breakup of the global radar system market based on the type?
6. What is the breakup of the global radar system market based on the component?
7. What is the breakup of the global radar system market based on the range?
8. What is the breakup of the global radar system market based on the application?
9. What is the breakup of the global radar system market based on the frequency band?
10. What are the key regions in the global radar system market?
11. Who are the key players/companies in the global radar system market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis
2 Scope and Methodology
4 Introduction
5 Global Radar System Market
6 Market Breakup by Type
7 Market Breakup by Component
8 Market Breakup by Range
9 Market Breakup by Application
10 Market Breakup by Frequency Band
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- BAE Systems Plc
- Dassault Aviation
- General Dynamics Corporation
- Honeywell International Inc.
- L3harris Technologies Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Rockwell Collins Inc.
- SAAB AB
- Thales Group
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 35 Billion |
| Forecasted Market Value ( USD | $ 47.4 Billion |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
