A ship borne radar is a device that detects the presence, range, and speed of incoming objects such as missiles, aero planes, ships, weather, and spacecraft. Radar detects objects using radio waves and can be put on ships and other objects. A transmitter that generates electromagnetic waves, a transmitting antenna, a receiving antenna, plus a receiver and processor to identify the object make up the radar.
Increasing cross-border marine emergencies, pirate attacks, and territorial conflicts, among other things, are making the world's oceans increasingly perilous. As a result, every boat should have a radar. The market for ship borne radars was valued at USD 6,577.28 million in 2020, and is expected to grow at a CAGR of 5.3 percent over the forecast period.
The newly analyzed market analysis on the shipborne radars market gathers a comprehensive in-depth assessment and market research to unveil key market components to facilitate prudent market deductions assist with continued growth production decisions, and lucrative revenue streams. A detailed overview of the key elements that result in enhanced consumer assessment across timelines is included in the market review for the shipborne radars market. It also reflects on historical events, analyzing current events to conform to positive results, organizing future-ready business discretion effectively, and sustainable revenue chains.
The shipborne radars market has, according to the study, some domestic and global business opportunities and competitive conditions for the shipborne radars market. Based on a comprehensive research methodology tailored to the conditions of demand for the shipborne radars market, market size estimate and forecasts were given.
Ship borne radars market growth potentials can assist the stake holders to understand key trends and prospects in shipborne radars market identifying the growth opportunities and competitive scenarios. The report also focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global shipborne radars market.
Region-based Developments: The Asia Pacific and the Middle East are expected to register substantial growth in the shipborne radars market during the forecast period. North America, Asia Pacific, Europe, the Middle East & Africa, and South America are the segments of this market. In the forecast period, the Asia Pacific region will account for the largest share of the worldwide shipborne radars market. Rising usage of radar technology and increased maritime trade are two reasons driving the growth of this geographical industry. Some of the major markets in North America and Europe are also typical suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. The major companies in this market have their headquarters in North and Europe.
The development of radar systems in the region is projected to be aided by these reasons. Furthermore, the region's rising territorial disputes are necessitating the development of enhanced shipborne radar systems that can operate across sea borders.
The Asia Pacific shipborne radars market is predicted to grow at a CAGR of 5.9% over the COVID-19 period.
Increasing cross-border marine emergencies, pirate attacks, and territorial conflicts, among other things, are making the world's oceans increasingly perilous. As a result, every boat should have a radar. The market for ship borne radars was valued at USD 6,577.28 million in 2020, and is expected to grow at a CAGR of 5.3 percent over the forecast period.
The newly analyzed market analysis on the shipborne radars market gathers a comprehensive in-depth assessment and market research to unveil key market components to facilitate prudent market deductions assist with continued growth production decisions, and lucrative revenue streams. A detailed overview of the key elements that result in enhanced consumer assessment across timelines is included in the market review for the shipborne radars market. It also reflects on historical events, analyzing current events to conform to positive results, organizing future-ready business discretion effectively, and sustainable revenue chains.
Key Offerings of the Study
The shipborne radars market has, according to the study, some domestic and global business opportunities and competitive conditions for the shipborne radars market. Based on a comprehensive research methodology tailored to the conditions of demand for the shipborne radars market, market size estimate and forecasts were given.
Market Segmentation:
Ship borne radars market growth potentials can assist the stake holders to understand key trends and prospects in shipborne radars market identifying the growth opportunities and competitive scenarios. The report also focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global shipborne radars market.
Region-based Developments: The Asia Pacific and the Middle East are expected to register substantial growth in the shipborne radars market during the forecast period. North America, Asia Pacific, Europe, the Middle East & Africa, and South America are the segments of this market. In the forecast period, the Asia Pacific region will account for the largest share of the worldwide shipborne radars market. Rising usage of radar technology and increased maritime trade are two reasons driving the growth of this geographical industry. Some of the major markets in North America and Europe are also typical suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. The major companies in this market have their headquarters in North and Europe.
The development of radar systems in the region is projected to be aided by these reasons. Furthermore, the region's rising territorial disputes are necessitating the development of enhanced shipborne radar systems that can operate across sea borders.
The Asia Pacific shipborne radars market is predicted to grow at a CAGR of 5.9% over the COVID-19 period.
Objectives of this report:
- To estimate market size for shipborne radars market on regional and global basis.
- To identify major segments in shipborne radars market and evaluate their market shares and demand.
- To provide a competitive scenario for the shipborne radars market with major developments observed by key companies in the historic years.
- To evaluate key factors governing the dynamics of shipborne radars market with their potential gravity during the forecast period.
What this study provides
- Global market and submarket forecast covering the period of 2021 to 2030, with accompanying analysis
- Shipborne radars market and submarket forecast covering the period of 2021 to 2030, with accompanying analysis
- Extensive details and analysis of contracts, projects, and programs
- Analysis of game-changing technological trends and how these will shape the industry
- Explanation or political, regulatory, and technical factors to consider
- Barriers to entry analysis for markets around the world
- Profiles of leading companies operating within the sector with market share analysis
- SWOT analysis of the major strengths and weaknesses of the market, together with the opportunities available and the key threats faced
- Market conclusions & recommendations
- Detailed Segmentation to help each stakeholder in market
- 2500+ data points in 60+ tables with focus on historic demand, estimated demand, and demand forecast
- Impact of COVID-19 on demand estimation & forecasts (2020 onward)
- Separate analysis of each segment to understand market deviation due to Covid-19 from 2020 onwards
- Coverage across 5 major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
- Country level demand of the 25+ major markets with key trends & factors influencing the same
Key questions answered by this report
- How the shipborne radars market is evolving?
- What is driving and restraining shipborne radars dynamics?
- How will each shipborne radar submarket segment grow over the forecast period and how much sales will these submarkets account for in 2028?
- How will market shares of each shipborne radars’ submarket develop from 2021-2030?
- Which shipborne radars submarket will be the main driver of the overall market from 2021-2030?
Table of Contents
1 Market Abstract
2 Market Introduction
3. Research Practice
4 Key Related Data
5 Impact Factor Analysis
6 Market Development Analysis
7 Shipborne Radars Market, by Type
8 Shipborne Radars Market, by Application
9 Shipborne Radars Market, Regional Analysis
10 Company Profile
11 Appendix
List of Tables
List of Figures
Executive Summary
The shipborne radars market was estimated at USD 6,577.28 million in 2020 and is projected to reach USD 9,913.81 million by 2028, at a CAGR of 5.3% during the forecast period in the COVID-19 period. However, without the COVID-19 impact, the shipborne radars market is expected to be at USD 7,034.98 million in 2020 and USD 11,833.27 million in 2028, at a CAGR of 6.7%.A shipborne radar is a tool used to assess the presence, range, and the speed of incoming objects, such as missiles, aircraft, ships, weather, and spacecraft, among others. A radar uses radio waves to determine the object, and it can be mounted on ships and other objects. The radar consists of a transmitter that emits electromagnetic waves, a transmitting antenna, a receiving antenna, and a receiver and a processor to identify the object.
At present, the seas across the globe are becoming increasingly dangerous due to rising cross-border maritime contingencies, pirate attacks, and territorial disputes, among others. Radars are, therefore, a must on every boat. The shipborne radars are installed on military, defense, and cargo ships, as well as on container ships, to detect enemy warheads, aircraft, and ships, and to assess weather conditions.
The major factor that is driving the demand for shipborne radars is the encounter of maritime activities. Currently, pirate attacks or cross-border attacks via sea have escalated across the globe. Recently, eight pirates armed with machine guns boarded a product tanker about 196 nautical miles southwest of Bayelsa, Nigeria. Such incidents are anticipated to fuel the growth of the shipborne radar market.
Cruise and cargo ship manufacturers are now integrating their ships with radar systems to protect them from all threats and also to track objects in the sea. Moreover, the shipborne radar system is increasing the interest of ship manufacturers in integrating modern enhanced technology into the current system as well as into the new vessels.
The global shipborne radars market is segmented on the basis of type, application and region.
Based on type, the market is segmented into microwave radars, high frequency radars, and infrared radars. Among these, the infrared radar segment is considered as the lucrative segment during the forecast period in the global shipborne radars market. It has accounted for USD 1,482.85 million in 2020 and is projected to reach USD 2,284.78 million by 2028, at a CAGR of 5.6% in the COVID-19 period. However, without the COVID-19 impact, the infrared radar segment was estimated to be USD 1,586.04 million in 2020 and USD 2,727.14 million in 2028, at a CAGR of 7.0%.
Infrared radars improve maritime surveillance, which is the major factor in contributing towards the growth of the segment. Additionally, the infrared radar helps in detecting maritime targets as small as swimmers in various ranges. This is contributing towards the growth of the segment.
Based on application, the market is segmented into defense ships, cargo ships, and cruise ships. Among these, the cargo ships segment accounted for about 35% share in the global shipborne radars market. The segment was estimated to be USD 2,289.03 million in 2020 and is projected to reach USD 3,572.63 million by 2028, at a highest CAGR of 5.7% in the COVID-19 period. However, without the COVID-19 impact, the cargo ships segment was estimated to be USD 2,448.32 million in 2020 and is projected to reach USD 4,264.34 million by 2028, at a CAGR of 7.2%.
The cargo ships segment is the second largest market owing to the increasing use of cargo ships for transportation of goods form one port to another. The increasing dry, liquid, and container cargo trade in various regions is expected to increase the demand for radars for cargo ships.
By region, this market has been segmented as North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of World. Among these regions, the Asia Pacific region is to hold the largest share of the global shipborne radars market in the forecast period. The factors contributing to the growth of this regional market are increased adoption of radar technology and growing sea trade. These factors are expected to favor the development of radar systems in the region. Moreover, the escalating territorial problems in the region are generating the need for improved shipborne radar systems across sea borders.
The shipborne radars market in Asia Pacific has accounted for USD 1,950.52 million in 2020, while it is expected to reach USD 3,084.19 million in 2028, at a CAGR of 5.9% during the COVID-19 period. On the other hand, without the COVID-19 impact, the Asia Pacific shipborne radars market was estimated to be USD 2,086.26 million in 2020 and USD 3,681.33 million in 2028, at a CAGR of 7.4%.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Hensoldt UK
- L3Harris Technologies Inc.
- Reutech Radar Systems
- Saab Ab
- Thales Group
- Bae Systems plc
- Lockheed Martin Corporation
- Israel Aerospace Industries Ltd.
