RADAR Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

New Areas of Applications to Boost RADAR market Worldwide

Technological up-gradation in RADARsystem has widen its application in multiple sectors such as aviation, automotive, marine and meteorology etc. RADARs are increasingly deployed for air traffic control, remote sensing and ground traffic control. Additionally, increase in sea-trade among countries of the world and rising number of travel by ships has further influenced the demand for RADAR across the globe. Moreover, the global aviation industry is growing exponentially from the last few years. It is expected to keep its growth rate till 2035, doubling the current passenger number of 3.8 Bn, as per the International Air Transport Association (IATA).

The major contribution to this growth is from the Asia Pacific which is experiencing rapid development in its aviation sector with an increasing number of passenger travel and cargo planes & ships. In August 2020, China stated that it would encourage US$ 16 Bn of private investment in its 28 airports to make the sector globally competitive. Growth of air travel industry has encouraged market players to offer RADARs in order to enhance flight safety.

Aviation Segment to keep Driving RADAR Market

With the growing aviation industry and economic development, the aviation segment garnered a major share of the market. In the year 2020, based on end-use, the aviation segment led the market with nearly 35%, in terms of revenue, of the total market size of the globe. In 2020, over 1900 aircrafts delivered to airlines, which kept the demand of RADAR in aviation sector increasing. Technological development such as RDR-7000 of Honeywell International Inc. which gives the 3D mapping of storm and hail while flying is greatly helpful to pilots. Such new development in RADAR technology expected to further lift the market during the forecast period.

Asia Pacific estimated to register the highest CAGR

In 2020, North America was the largest regional market, with over 30% share, in terms of revenue. However, with economic development, Asia Pacific is going through rapid progress in aviation sector which is expected to rise the demand for RADAR during the forecast period. Also, free trade agreements have increased the sea trade of Asian economies with other countries of the world that are further expected to influence the RADAR market in the near future. For instance, China maintains free trade agreements with 16 countries or regional groups like ASEAN. Besides, long term enmity of countries in the region like China with India and other ASEAN countries, there is rapid modernization of the military with escalating defense spending which will further boost the RADAR market in the region. Recently, in June 2021, China developed a new high-frequency surface wave radar that can detect stealth aircraft like F-35 and also anti-radiation missiles that are hidden from other early warning systems.

New Technological Development is keeping the Market Competitive

Major players profiled in the RADAR market include BAE Systems, Lockheed Martin Corporation, Raytheon Company, Northrop Grumman Corporation, Airbus S.A.S., Honeywell International Inc., Leonardo S.p.A., Thales Group, Saab AB, Reutech Radar Systems, TERMA and Infineon Technologies AG among others.

The overall RADAR market is slightly fragmented and companies are improving its current technology for expanding its global market share. For instance, in August 2021, Northrop Grumman Corporation introduced its new scalable RADAR antenna (RAPTR) capable of providing better situational understanding to fighter pilots. The system operates in multiple RADAR modes, including synthetic aperture RADAR and ground moving target indicator. With this improved RADAR, the company is expecting to grab major defense deals in the future. Furthermore, in June 2021, Honeywell International Inc. signed an agreement with yet to be named air taxi developer for supplying its IntuVue RDR-84K Band RADAR system. This RADAR is capable of detecting multiple objects in and around the flying path of air taxi. This agreement is expected to grow the company’s share in the global RADAR market.

Historical & Forecast Period

The research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

RADAR market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global RADAR market based on type, component, range, end-use and geography. Key segments covered in the report are as follows:

Type Segment (2019-2029; US$ Bn)

• Pulsed wave
• Continuous wave

Component Segment (2019-2029; US$ Bn)

• Antenna
• Transmitter
• Receiver
• Others (Power supply, Display, Duplexer switch)

Range (2019-2029; US$ Bn))

• Long
• Medium
• Short

End-use (2019-2029; US$ Bn))

• Military
• Aviation
• Weather forecast
• Ground traffic control
• Others (Mining, Medical devices, Agriculture)

Geography Segment (2019-2029; US$ Bn)

• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (Japan, China, India, Rest of APAC)
• Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

• What was the market size of RADAR market in 2020 and forecast up to 2029?
• What are the key factors driving the global RADAR market?
• What are the key market trends and high-growth opportunities observed in the RADAR market?
• Which is the largest regional market for RADAR market?
• Which segment will grow at a faster pace? Why?
• Which region will drive the market growth? Why?
• Which players are leading the RADAR market?
• What are the key strategies adopted by the leading players operating in the market?

This product will be delivered within 2 business days.