Global Radar Systems Market

Global Radar Systems Market Size, Share, Growth Analysis, By Type(Ground-based radar, naval radar), By Application(Defense, aviation) - Industry Forecast 2023-2030


Report ID: SQMIG20A2090 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 67 | Figures: 75

Global Radar Systems Market Insights

Radar Systems Market size was valued at USD 30.74 billion in 2021 and is poised to grow from USD 32.24 billion in 2022 to USD 47.27 billion by 2030, at a CAGR of 4.9% during the forecast period (2023-2030).

The global radar systems market is a rapidly growing industry that encompasses a wide range of applications, from military and defense to weather forecasting and air traffic control. One of the key drivers of the radar systems market is the increasing demand for advanced military technologies, such as long-range and high-resolution radar systems, as well as radar systems that can detect stealth aircraft and drones.

In addition, the growing demand for air travel and the need for efficient air traffic management systems is driving the demand for radar systems in the commercial aviation sector. However, the radar systems market is also facing some challenges, including the high cost of advanced radar systems and the need for skilled personnel to operate and maintain them. Moreover, the development of alternative technologies, such as lidar and sonar, is posing a threat to the growth of the market. Despite these challenges, the market presents significant opportunities for growth, driven by the increasing demand for real-time information and situational awareness across different industries. In addition, the development of advanced technologies, such as artificial intelligence and machine learning, is expected to further enhance the capabilities of radar systems, creating new opportunities for market players.

US Radar Systems Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 30.74 billion

Largest Segment

Ground-Based Radar

Fastest Growth

Ground-Based Radar

Growth Rate

4.9% CAGR

Global Radar Systems Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Radar Systems Market Size By Type 2022-2030 ($ Bn)
Global Radar Systems Market Size By Type 2022-2030 (%)

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Global Radar Systems Market Segmental Analysis

Global Radar Systems Market is segmented on the basis of type, application, and region. By type, the market is segmented into ground-based radar, naval radar, airborne radar, and space-based radar. By application, the market is segmented into defense, aviation, maritime, automotive, meteorology, and industrial. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Radar Systems Market Analysis By Type

Ground-based radar, the largest segment, plays a crucial role in various applications, including air traffic control, weather monitoring, and surveillance systems. It provides real-time information and detection capabilities over a wide area, ensuring efficient and effective monitoring of airspace and terrestrial environments. With increasing concerns about national security and border surveillance, the demand for ground-based radar systems has been consistently high. Additionally, the growing need for advanced radar systems in emerging economies, urban planning, and disaster management further drives the growth of this segment.

The airborne radar segment is the fastest growing segment in the global radar systems market. Airborne radar systems are deployed in aircraft and UAVs, offering enhanced situational awareness, target detection, and tracking capabilities. With the rise in military modernization programs, the demand for airborne radar systems has surged, especially for defense applications such as surveillance, reconnaissance, and combat operations. Moreover, the increasing adoption of commercial aircraft and the growing demand for advanced weather monitoring systems in the aviation sector contributes to the rapid growth of this segment.

Radar Systems Market Analysis By Application

The defense sector dominated the global market. Defense applications utilize radar systems for various purposes, including surveillance, threat detection, target tracking, and situational awareness. The defense sector's dominance in the radar systems market can be attributed to the continuous modernization of military forces worldwide and the increasing emphasis on advanced technologies to enhance national security. The segment prominence is driven by the need for reliable and sophisticated radar systems that can detect and track potential threats in real time, providing crucial information for military operations. Radar systems enable defense personnel to monitor airspace, identify hostile aircraft or missiles, and effectively respond to any security breaches. These systems play a vital role in ensuring national sovereignty, protecting borders, and maintaining peace and stability.

The fastest-growing segment in the radar systems market is the automotive sector. With the rapid advancement of autonomous driving technologies and the increasing focus on vehicle safety, automotive manufacturers are incorporating radar systems into their vehicles. These radar systems assist in various functionalities such as adaptive cruise control, collision avoidance, blind-spot detection, and pedestrian detection. The automotive industry's adoption of radar systems is driven by the rising demand for advanced driver assistance systems (ADAS) and the growing trend toward autonomous vehicles.

Global Radar Systems Market Size By Type 2022(%), 2021 (%)

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Global Radar Systems Market Regional Insights

North America dominated the global market, accounting for the largest share of revenue. This is due to the high demand for advanced defense systems and the presence of key market players in the region. The United States, in particular, is the largest market for radar systems in North America, owing to its significant defense spending and the presence of major defense contractors.

The Asia Pacific region is expected to be the fastest-growing market for radar systems, with a high CAGR over the forecast period. The increasing demand for advanced radar systems for military and civilian applications, particularly in countries such as China, India, and Japan, is expected to drive the growth of the radar systems market in this region. The increasing investments in defense and aerospace by emerging economies in the region are also expected to boost market growth in the coming years.

Global Radar Systems Market Size By Geography, 2022-2030, 2023-2030
  • Largest
  • Fastest

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Global Radar Systems Market Dynamics

Radar Systems Market Drivers

Increasing demand for radar systems in defense and military applications

  • The global radar systems market is driven by the increasing demand for advanced radar systems in defense and military applications. Governments around the world are investing heavily in the development and procurement of advanced radar systems to enhance their surveillance, intelligence, and defense capabilities. For example, the U.S. Army recently awarded a contract worth $215 million to Lockheed Martin to develop and manufacture advanced radar systems for its AH-64E Apache attack helicopters.

Growing demand for radar systems in commercial and civil applications

  • In addition to defense and military applications, radar systems are also increasingly being used in commercial and civil applications, such as air traffic control, weather monitoring, and maritime surveillance. This is driving the demand for advanced radar systems that can provide accurate and reliable data in real-time. For example, the European Space Agency (ESA) recently launched the Sentinel-1 mission, which uses radar imaging to monitor land and sea surfaces for a variety of applications, such as disaster management and environmental monitoring.

Radar Systems Market Restraints

High cost of radar systems

  • One of the major restraints on the global radar systems market is the high cost of radar systems, which can limit their adoption in certain applications, particularly in developing countries. The cost of advanced radar systems can run into millions of dollars, which can be a major barrier to entry for many organizations. For example, the Indian Air Force recently decided to cancel its order for 83 Tejas Light Combat Aircraft due to cost issues.

Technological challenges

  • Another major restraint on the global radar systems market is the complexity of radar technology and the challenges associated with developing advanced radar systems that can meet the evolving needs of defense and commercial applications. This requires significant investments in research and development, as well as specialized skills and expertise.

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Global Radar Systems Market Competitive Landscape

The Global Radar Systems Market is a highly competitive and dynamic market, with numerous players operating in the market. Some of the key players in the market have a strong presence in the market and offer a wide range of radar systems for different applications, including military, aerospace, and maritime. They also invest heavily in research and development to develop innovative radar systems with improved performance and capabilities. In addition to these major players, there are also many smaller players operating in the market that focus on niche markets or specific applications and offer specialized radar systems to meet specific customer needs. The competitive landscape of the radar systems market is shaped by factors such as technological advancements, product innovation, strategic partnerships, and mergers and acquisitions. Companies in the market are constantly striving to improve their product offerings and gain a competitive edge through various strategies such as collaborations with other players in the market or investments in research and development.

Radar Systems Market Top Player’s Company Profiles

  • Raytheon Technologies Corporation (US)
  • Leonardo S.p.A. (Italy)
  • Northrop Grumman Corporation (US)
  • BAE Systems plc (UK)
  • Hensoldt AG (Germany)
  • Israel Aerospace Industries Ltd. (Israel)
  • L3Harris Technologies, Inc. (US)
  • Mitsubishi Electric Corporation (Japan)
  • Rheinmetall AG (Germany)
  • Indra Sistemas S.A. (Spain)
  • ASELSAN A.Ş. (Turkey)
  • Elbit Systems Ltd. (Israel)
  • Harris Corporation (US)
  • Safran Electronics & Defense (France)
  • RADA Electronic Industries Ltd. (Israel)
  • Cobham plc (UK)
  • Collins Aerospace, a unit of Raytheon Technologies Corporation (US)

Radar Systems Market Recent Developments

  • In April 2021, Raytheon Technologies Corporation announced that it had been awarded a $518 million contract by the U.S. Navy for the production of radar systems for its guided missile destroyers.
  • In May 2021, Leonardo S.p.A. announced that it had been selected by the United Kingdom's Ministry of Defense to provide the PicoSAR radar system for the Protector RG Mk1 unmanned aircraft system.
  • In June 2021, Lockheed Martin Corporation announced that it had been awarded a $1.12 billion contract by the U.S. Army for the production of AN/TPQ-53 radar systems, which are used for detecting and tracking incoming artillery and mortar rounds.
  • In September 2021, Saab AB announced that it had been awarded a contract by the Swedish Defense Materiel Administration for the delivery of a new radar system for the country's armed forces.

Global Radar Systems Key Market Trends

  • Advancements in radar technology: The global radar systems market is witnessing significant advancements in radar technology, driven by ongoing research and development efforts. For example, the development of digital beamforming technology is enabling the development of more advanced and precise radar systems that can provide high-resolution imaging and target tracking.
  • Growing use of unmanned aerial vehicles (UAVs): Another key trend in the global radar systems market is the growing use of unmanned aerial vehicles (UAVs) for a variety of applications, such as surveillance, reconnaissance, and target tracking. This is driving the demand for lightweight, compact, and low-power radar systems that can be integrated into UAVs. For example, Raytheon recently developed a new lightweight radar system, called Peregrine, specifically for use in small UAVs.

Global Radar Systems 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 Systems Market analysis, the market growth is driven by increasing investments in defense and surveillance systems, the growing demand for radar systems in aviation and automotive applications, and advancements in radar technology. Radar systems play a crucial role in various sectors such as military, aerospace, maritime, and meteorology, enabling the detection, tracking, and monitoring of targets. The market is witnessing a shift towards technologically advanced radar systems with higher accuracy, increased range, and improved signal processing capabilities. Additionally, the integration of radar systems with other sensor technologies such as lidar and cameras is expected to propel the market further. However, challenges such as high costs associated with radar systems, stringent regulatory requirements, and the emergence of alternative technologies may pose hindrances to market growth. To stay competitive, key market players are focusing on research and development activities, strategic partnerships, and mergers and acquisitions to expand their product portfolios and cater to the evolving customer demands in this dynamic market.

Report Metric Details
Market size value in 2021 USD 30.74 billion
Market size value in 2030 USD 47.27 billion
Growth Rate 4.9%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Ground-based radar, naval radar, airborne radar, and space-based radar
  • Application
    • Defense, aviation, maritime, automotive, meteorology, and industrial
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
  • Raytheon Technologies Corporation (US)
  • Leonardo S.p.A. (Italy)
  • Northrop Grumman Corporation (US)
  • BAE Systems plc (UK)
  • Hensoldt AG (Germany)
  • Israel Aerospace Industries Ltd. (Israel)
  • L3Harris Technologies, Inc. (US)
  • Mitsubishi Electric Corporation (Japan)
  • Rheinmetall AG (Germany)
  • Indra Sistemas S.A. (Spain)
  • ASELSAN A.Ş. (Turkey)
  • Elbit Systems Ltd. (Israel)
  • Harris Corporation (US)
  • Safran Electronics & Defense (France)
  • RADA Electronic Industries Ltd. (Israel)
  • Cobham plc (UK)
  • Collins Aerospace, a unit of Raytheon Technologies Corporation (US)
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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 Systems 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
  • 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 Systems 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
  • 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
  • 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(%)

Methodology

For the Global Radar Systems 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 Systems 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 Systems Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Radar Systems 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.

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FAQ's

Radar Systems Market size was valued at USD 30.74 billion in 2021 and is poised to grow from USD 32.24 billion in 2022 to USD 47.27 billion by 2030, at a CAGR of 4.9% during the forecast period (2023-2030).

The Global Radar Systems Market is a highly competitive and dynamic market, with numerous players operating in the market. Some of the key players in the market have a strong presence in the market and offer a wide range of radar systems for different applications, including military, aerospace, and maritime. They also invest heavily in research and development to develop innovative radar systems with improved performance and capabilities. In addition to these major players, there are also many smaller players operating in the market that focus on niche markets or specific applications and offer specialized radar systems to meet specific customer needs. The competitive landscape of the radar systems market is shaped by factors such as technological advancements, product innovation, strategic partnerships, and mergers and acquisitions. Companies in the market are constantly striving to improve their product offerings and gain a competitive edge through various strategies such as collaborations with other players in the market or investments in research and development. 'Lockheed Martin Corporation (US)', 'Raytheon Technologies Corporation (US)', 'Thales Group (France)', 'Saab AB (Sweden)', 'Leonardo S.p.A. (Italy)', 'Northrop Grumman Corporation (US)', 'BAE Systems plc (UK)', 'Hensoldt AG (Germany)', 'Israel Aerospace Industries Ltd. (Israel)', 'L3Harris Technologies, Inc. (US)', 'Mitsubishi Electric Corporation (Japan)', 'Rheinmetall AG (Germany)', 'Indra Sistemas S.A. (Spain)', 'ASELSAN A.Ş. (Turkey)', 'Elbit Systems Ltd. (Israel)', 'Harris Corporation (US)', 'Safran Electronics & Defense (France)', 'RADA Electronic Industries Ltd. (Israel)', 'Cobham plc (UK)', 'Collins Aerospace, a unit of Raytheon Technologies Corporation (US)'

The global radar systems market is driven by the increasing demand for advanced radar systems in defense and military applications. Governments around the world are investing heavily in the development and procurement of advanced radar systems to enhance their surveillance, intelligence, and defense capabilities. For example, the U.S. Army recently awarded a contract worth $215 million to Lockheed Martin to develop and manufacture advanced radar systems for its AH-64E Apache attack helicopters.

Advancements in radar technology: The global radar systems market is witnessing significant advancements in radar technology, driven by ongoing research and development efforts. For example, the development of digital beamforming technology is enabling the development of more advanced and precise radar systems that can provide high-resolution imaging and target tracking.

North America dominated the global market, accounting for the largest share of revenue. This is due to the high demand for advanced defense systems and the presence of key market players in the region. The United States, in particular, is the largest market for radar systems in North America, owing to its significant defense spending and the presence of major defense contractors.

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