USD 33.31 billion
Global Radar Market Size, Share, Growth Analysis, By Type(Ground-Based Radar and Airborne Radar), By Application(Defense and Military, and Automotive) - Industry Forecast 2024-2031
Report ID:
SQMIG30I2229 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|
Tables:
60 |
Figures:
75
Global Radar Market Insights
Global Radar Market size was valued at USD 33.31 billion in 2022 and is poised to grow from USD 34.34 billion in 2023 to USD 43.84 billion by 2031, growing at a CAGR of 3.10% during the forecast period (2024-2031).
The global radar market is dominated by radar-based equipment, which serves as a crucial security apparatus in defense sectors worldwide. Initially designed for military purposes, these systems are now extensively utilized in air traffic control, maritime operations, meteorological monitoring, and aircraft anti-collision systems. The proliferation of technology has led to the creation of lightweight radars, positively impacting market growth. Radar systems equipped with digital signal processing capabilities address security concerns effectively. The rising focus on safety and security, coupled with increased defense budgets, is projected to drive the demand for radar systems in the foreseeable future. Furthermore, the construction of new airports and terminals across the globe is expected to significantly contribute to market expansion. Heightened terrorist activities, inter-country conflicts, and border infiltrations are major factors fueling the demand for radar systems. The application of radar-based sensors in automobiles, railways, and airplanes is also witnessing a surge. These sensors offer advantages such as flexible mounting, resistance to extreme weather conditions, and long-range detection, leading to mass production of radars. The growth in international sea trade and the transportation of high volumes of goods have prompted countries to augment their fleet size and merchant vessels, fostering the need for radar tracking systems. On the other hand, airports with high passenger and cargo volumes are increasingly adopting surveillance radar systems to ensure the safety of passengers and cargo. As a result, airport operators are focusing on improving runway safety systems and deploying radio detection systems to enhance the control of passenger and cargo movement. The current geopolitical landscape in both developing and developed countries presents favorable investment opportunities for manufacturers to expand their product portfolios, creating new market prospects. Furthermore, the introduction of Advanced Driver Assistance Systems (ADAS) in cars and electric vehicles is a key driver of market growth. However, challenges such as technical incompatibilities between transmitter power and antenna size often result in subpar performance. Additionally, radar systems may face issues such as high receiver noise and poor sensitivity, affecting their overall performance. Nonetheless, technological innovations, coupled with increased defense budgets, are expected to provide opportunities for the development of advanced detection systems to address these technical challenges.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Ground-Based Radar
Fastest Growth
Ground-Based Radar
Growth Rate
3.10% CAGR
Global Radar Market ($ Bn)
Country Share for North America Region (%)
Global Radar Market By Type ($ Bn)
Global Radar Market By Type (%)
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Global Radar Market Segmental Analysis
Global Radar Market is segmented by type, application, and region. Based on type, the market can be segmented into ground-based radar and airborne radar. Based on application, the market is segmented into defense and military, and automotive. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Radar Market Analysis by Type
By type, the market can be segmented into ground-based radar, and airborne radar. Ground-Based Radar refers to radar systems that are deployed on the ground for various applications such as air defense, surveillance, and weather monitoring. This segment of the radar market has been dominant and continues to hold a significant share due to its wide range of applications and established infrastructure. Ground-based radar systems are extensively used in military operations for early warning systems, target tracking, and battlefield surveillance, which contributes to their dominance in the market.
Airborne Radar refers to radar systems installed on aircraft for applications such as air traffic control, weather avoidance, military surveillance, and navigation. This segment of the radar market has witnessed significant growth in recent years, driven by technological advancements, increasing aircraft production, and the rising demand for safety and situational awareness in aviation.
Radar Market Analysis by Application
By application, the market can be segmented into defense and military, and automotive. The defense and military application segment dominated the global market. Radar systems play a critical role in defense and military operations, providing essential capabilities such as surveillance, target detection, tracking, and missile guidance. These radar systems are utilized for air defense, border security, maritime surveillance, and battlefield awareness. With ongoing geopolitical tensions and increasing defense budgets worldwide, the demand for radar systems in the defense and military sector remains high. Governments and defense organizations continue to invest in advanced radar technologies to enhance their situational awareness, threat detection, and response capabilities, reinforcing the dominance of this segment in the market.
On the other hand, the automotive application segment is one of the fastest-growing segments in the radar market. The rapid advancement of autonomous driving technologies and the increasing focus on vehicle safety have propelled the demand for radar systems in the automotive sector. Radar sensors, integrated into vehicles, enable crucial functionalities such as collision avoidance, adaptive cruise control, blind-spot detection, and pedestrian detection. These radar-based safety features enhance driver assistance systems and contribute to improving road safety.
Global Radar Market By Type, 2023 (%)
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Global Radar Market Regional Insights
North America dominated the global radar market due to its advanced defense capabilities, technological advancements, and substantial defense budgets. The region is home to major radar manufacturers, research institutions, and defense contractors, contributing to its market dominance. The United States, in particular, holds a significant share in the North American radar market, owing to its robust defense infrastructure and ongoing modernization programs.
The Asia-Pacific (APAC) region is witnessing significant growth in the radar market, driven by factors such as rapid economic development, increasing defense expenditures, and ongoing geopolitical tensions. Countries like China, India, and Japan are major contributors to the market growth in this region.
Global Radar Market By Region, 2024-2031
- Largest
- Fastest
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Global Radar Market Dynamics
Radar Market Drivers
Increasing emphasis on safety and security measures
- One significant driver of growth in the global radar market is the increasing emphasis on safety and security measures across various industries and sectors. With rising safety concerns, growing terrorist activities, and inter-country conflicts, there is a heightened demand for radar systems to enhance surveillance, detection, and monitoring capabilities. Additionally, the development of new airports, expansion of fleet sizes, and the need for efficient transportation systems further contribute to the growing demand for radar-based equipment.
Radar Market Restraints
Technical challenges associated with radar systems
- One significant restraint in the radar market is the technical challenges associated with radar systems. Issues such as technical incompatibilities between transmitter power and antenna size can lead to compromised performance. Higher receiver noise and poor sensitivity of radar can also hinder its effectiveness in certain scenarios. These technical limitations require continuous research and development efforts to overcome, which can be time-consuming and costly. However, advancements in technology and increased defense budgets provide opportunities for the industry to address these restraints and develop more advanced and efficient radar systems.
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Global Radar Market Competitive Landscape
Global radar market is characterized by intense competition and a diverse range of players offering radar-based solutions. Numerous companies, including established manufacturers, emerging startups, and technology giants, contribute to the market's competitiveness. These players constantly strive to innovate and differentiate their products by improving radar performance, enhancing features, and expanding application areas. Market competition also drives collaboration and partnerships among industry participants to leverage each other's strengths and capabilities. Additionally, factors such as product pricing, customer support, and aftersales services play a crucial role in determining the competitive positioning of companies in the radar market.
Radar Market Top Player’s Company Profiles
- Raytheon Technologies Corporation (US)
- Lockheed Martin Corporation (US)
- Thales Group (France)
- Northrop Grumman Corporation (US)
- Leonardo S.p.A. (Italy)
- Saab AB (Sweden)
- BAE Systems plc (UK)
- Honeywell International Inc. (US)
- L3Harris Technologies, Inc. (US)
- Israel Aerospace Industries Ltd. (Israel)
- Mitsubishi Electric Corporation (Japan)
- Rheinmetall AG (Germany)
- Indra Sistemas S.A. (Spain)
- Harris Corporation (US)
- General Dynamics Corporation (US)
- Cobham plc (UK)
- Hensoldt AG (Germany)
- Bharat Electronics Limited (India)
- Aselsan A.Ş. (Turkey)
- RADA Electronic Industries Ltd. (Israel)
Radar Market Recent Developments
- In May 2023, Thales and Bharat Electronics Limited (BEL) signed a contract to supply multifunction radar systems for the Indian Navy's surface ships.
- In April 2023, Northrop Grumman unveiled its Digital Affordable Sensor System (DASS), a next-generation radar system designed for advanced airborne surveillance and reconnaissance missions.
- In March 2023, Raytheon Technologies announced a significant investment in Velodyne Lidar, a leading lidar technology company, to support the development of advanced radar and sensing solutions for autonomous systems.
- In January 2023, BAE Systems received a contract from the U.S. Air Force to develop and deliver next-generation radar systems for the F-16 Fighting Falcon aircraft.
- In September 2022, Leonardo announced the launch of the Grifo-E AESA radar, an advanced radar system for fighter aircraft, featuring electronic scanning technology and multi-mission capabilities.
Global Radar Key Market Trends
- One key market trend in the radar industry is the increasing integration of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), into radar systems. AI and ML algorithms enhance the capabilities of radar by enabling more accurate target detection, classification, and tracking. This trend allows for improved situational awareness, faster decision-making, and enhanced operational efficiency. By leveraging the power of AI and ML, radar systems can adapt to dynamic environments, handle complex data processing tasks, and provide real-time actionable insights, driving the growth and innovation in the radar market.
Global Radar 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 by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global radar market analysis, the market is experiencing significant growth driven by factors such as technological advancements, increasing defense budgets, and growing safety concerns. Radar systems find extensive applications in defense, aviation, maritime, and automotive sectors. The market is dominated by key players from various countries, offering competitive solutions and driving innovation. Moreover, the integration of advanced technologies like AI and ML is revolutionizing radar capabilities. However, challenges such as technical limitations and compatibility issues persist. Despite these restraints, the radar market is poised for expansion, fueled by the rising demand for security, surveillance, and detection solutions worldwide.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 33.31 billion |
| Market size value in 2031 | USD 43.84 billion |
| Growth Rate | 3.10% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| 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:-
|
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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 Radar 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 Radar 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 Radar 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 Radar 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 Radar Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Radar 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 Radar Market Report Snapshots
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