USD 110.23 million
Global 3D Radar System Market Size, Share, Growth Analysis, By Platform(Airborne, Ground), By Frequency(C/S/X Band, L Band) - Industry Forecast 2024-2031
Report ID:
SQSG20A2015 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
Global 3D Radar System Market Insights
Global 3D Radar System Market size was valued at USD 110.23 million in 2019 and is poised to grow from USD 132.66 million in 2023 to USD 702.7 million by 2031, growing at a CAGR of 20.35% in the forecast period (2024-2031).
3D Radar delivers three-dimensional radar coverage. Based on factors such as antenna height and target detection range, 3D radars can be employed for a variety of purposes. Because 3D Radars give more accurate and exact data, their deployment in the industry sector is increasing substantially. Government investments in military and defense to improve detection capabilities, surveillance resolution, and length are likely to fuel market growth throughout the forecast period. Furthermore, firms are focusing on the development of lightweight, novel radars. Governments and automakers will continue to invest heavily in the evolution of 3D radar.
In the coming years, the 3D Radar Market may benefit from the growing miniaturization of 3D radars and the increased use of cutting-edge materials in the production of lightweight 3D radars. However, issues with entirely automated 3D radar weaknesses and expensive development costs may limit the growth of the global industry. On the other hand, the market slowdown in the upcoming year can be mitigated by the increased implementation of 3D radars at numerous airports to improve surveillance. Additionally, the quick upgrade of airport systems in both military and commercial airports, as well as the early adoption of 3D radar technology, can support market expansion.
US 3D Radar System Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Ground
Fastest Growth
Airborne
Growth Rate
20.35% CAGR
Global 3D Radar System Market , 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global 3D Radar System Market Size By Platform , 2021-2028($ Bn)
Global 3D Radar System Market Size By Platform , 2021-2028 (%)
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Global 3D Radar System Market Segmental Analysis
The Global 3D Radar System Market is segmented based on the Platform, Frequency, and region. Based on the Platform, the Global Market is segmented as airborne, ground, and marine. Based on Frequency, the Global Market is segmented as C/S/X Band, L Band, and E/F Band. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
3D Radar System Market Analysis by Platform
Based on the Platform, the 3D Radar System market is bifurcated into airborne, ground and marine. The market share that belongs to ground segment is the largest. Increased defence spending and military modernization initiatives in many countries would push the market sector in the coming years. Because of increased government attempts to implement 3D radars in aircraft and military choppers, the airborne segment could grow at a high CAGR during the analysis period. Furthermore, the introduction of various projects established by the governments of several countries to modernize their air forces is likely to fuel the segment's growth in the global market. The marine segment is expected to grow significantly due to the rapid deployment of modern naval vessels by industrialized economies.
3D Radar System Market Analysis by Frequency
Based on Frequency the 3D Radar System market is segmented into C/S/X Band, L Band, and E/F Band. The C/S/X Band category held the most market share, and throughout the projection period. Because these bands have increased efficiency, resolution, precision, and frequency. The E/F band segment can experience reasonable growth since it aids in the identification of the military radio spectrum and aids in crisis management planning, electronic warfare activities, training, and military operations. The L band segment may see a positive increase because it is used for operating over long distances in applications such as global positioning systems (GPS), radars, aircraft surveillance, and radio telecommunications.
Global 3D Radar System Market By Platform , 2021(%), 2023 (%)
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Global 3D Radar System Market Regional Insights
Due to the expanding aerospace sector, the 3D radar system market in Asia Pacific is anticipated to grow at the highest CAGR over the forecast period. The region's market growth is anticipated to be primarily driven by nations like China and India. Conflicts and the advent of nuclear-armed states around the region, which have prompted the deployment of 3D Radar, are another important factor promoting the expansion of the regional market. The rising aerospace industries in India and Japan are driving the growth of the Asia Pacific 3D radar market. Future market growth may be aided by the growing need for 3D radars in the aviation industry. Selentium Defense just received a contract from the Australian Navy. The naval force hired Selentium Defence to help with the planning, implementation, and evaluation of its Maverick inactive radars for a variety of maritime purposes. Since these radars don't transmit signals, the armada can continue to pay basic attention to items in their enclosed environment without being detected in their location.
Due to the governments' implementation of delivering mechanically advanced reconnaissance frameworks, Europe continues to be a key market for 3D radar vendors. The approval given by a few European legislative bodies to implement innovative radar systems in automobiles has contributed to improved containment of neighbouring nations. In addition, the conflicts and war conditions in the region are leading to an increase in the number of unlawful refugee seekers entering Europe. For instance, the war in Syria brought thousands of unauthorised immigrants to the region, raising security concerns. To combat this, important nations in the region began to modernise their systems for observing and regulating such occurrences in order to assure safer borders. Recent news from Russia describing the development of a new prototype radar using radio photonics technology has emerged. Something extremely similar has been confirmed by The Wellsprings of. This new invention radar will create a three-layered picture that will let you choose its type. According to sources, the tactical division of the Russian Ministry of Defence has been taking part in testing new radar-driven technologies that promise to meet the rising need for 3D radar in the nation. According to the MRFR report, Europe is expected to grow rapidly as a result of cross-country naval modernization plans. Because of its strong aviation base and increased air force exercises, the United Kingdom is projected to remain ahead of the regional market growth curve.
Global 3D Radar System Market By Geography, 2021 - 2028, 2024-2031
- Largest
- Fastest
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Global 3D Radar System Market Dynamics
3D Radar System Market Driver
- The technology of 3D Radar, which is used for identifying and tracking knowledge and data fragments, is a crucial component of any protection stock. The 3D Radar offers a comprehensive subsurface discovery framework that combines commercially available (COTS) GPR components with unique programming to successfully identify both metallic and non-metallic objects. The height, range, and speed of the item are determined by the 3D Radar. These radars offer a few notable features, including the ability to programme the location of airborne targets and the ability to operate constantly in all weather. These radars have specific uses, such as filling gaps in basic air guard radar systems, providing coverage for sensitive locations, and providing local air protection.
- Fast technological advancements and the emergence of modern warfare strategies have helped replace traditional combat systems with cutting-edge combat technologies including electronic and network-centric warfare. The global market for 3D radar is then anticipated to benefit from this.
- Unmanned aerial vehicles are frequently utilized in business settings, such as product delivery or security at events. Unmanned aerial vehicles (UAVs), on the other hand, are currently utilized to detect moving things like tanks, helicopters, and aircraft. Due to the inclusion of 3D radars in unmanned aerial vehicles, such object detection is now feasible, which has led to the acquisition of UAVs by armed services. As a result, the need for 3D radars will rise along with the purchase of unmanned aerial vehicles by the armed forces, propelling the development of the worldwide 3D radar market.
3D Radar System Market Restraint
- The only factors limiting the market's expansion are high implementation and maintenance costs and as well as inexperienced operators who require specialized training to keep up with system updates. In terms of price, this is also not less. The aircraft businesses are unwilling to invest a significant amount of money in radar systems since Covid-19 has already destroyed the aviation sector's foundation.
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Global 3D Radar System Market Competitive Landscape
The Global 3D Radar System market is highly competitive. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
3D Radar System Market Top Player's Company Profiles
- Airbus S.A.S.
- BAE Systems
- Raytheon Technologies Corporation
- Lockheed Martin Corporation
- Thales Group
- Leonardo S.p.A.
- SAAB AB
- Northrop Grumman Corporation
- Israel Aerospace Industries Ltd.
- Honeywell International Inc.
- Rheinmetall AG
- Mitsubishi Electric Corporation
- ASELSAN A.Ş.
- Japan Radio Co., Ltd.
- ELTA Systems Ltd.
- RADA Electronic Industries Ltd.
- Blighter Surveillance Systems Ltd.
- Hensoldt AG
- Terma A/S
- SRC, Inc.
3D Radar System Market Recent Developments
- In June 2022, Ripple spec version 1.1 was just released to help define an interoperable standard for radar deployment. Experts discussed the spec on a panel at Sensors Converge 2022: Kerri Haresign from CTA, Catherine Liao from Blumio, Nick Colella from Ford Motor, Brandon Barbello from Google and Raj Khattoi from Infineon Technologies.
- In June 2022, E3D, a leading supplier of hotends, nozzles and extruders for 3D printing, has announced the acquisition of ZODIAC. Through this deal, E3D has acquired all the assets and IP of the nozzle and aftermarket FDM solutions provider. The terms of the acquisition have not been disclosed
Global 3D Radar System Key Market Trends
- The demand for 3D radar technology will increase due to the increased popularity of driverless vehicles and radar. Widespread adoption of short-range, light-weight 3D radar is currently occurring in automotive applications. In Autonomous Driving Assistance Systems (ADAS) for vehicle safety, these radars are primarily used as a crucial sensor system. Companies are investing in these radars more and more as a result of increasing demand from the automotive industries.
Global 3D Radar System Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global 3D Radar System Market Analysis, in terms of Platform, the ground segment held the largest share and is estimated to maintain a similar trend over the forecast period as increased defence spending and military modernization initiatives in many countries. In terms of frequency, C/S/X Band stores accounted for a maximum market share because of its strong aviation base and increased air force exercises.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 110.23 million |
| Market size value in 2031 | USD 702.7 million |
| Growth Rate | 20.35% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global 3D Radar System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global 3D Radar System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global 3D Radar System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global 3D Radar System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global 3D Radar System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 3D Radar System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global 3D Radar System Market Report Snapshots
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