Radar Market Size, Share & Industry Analysis, By Component (Antenna, Transmitter, Receiver, Others), By Service (Installation/Integration, Support & Maintenance, Training & Consulting), By Application (Ground-based, Airborne, Naval, Space-based), By Frequency (L-band, S-band, C-band, X-band, Ku-band), By End Use (Military Applications, Air Traffic Control, Remote Sensing) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI103327 | Status : Ongoing

KEY MARKET INSIGHTS

The radar market is experiencing a lot of new developments and growing demand. Radio detection and ranging (RADAR) is a technologically advanced electronic equipment used to track an object by using radio waves. It is also used to detect the missiles, weather, spacecraft, aircraft, and other forms of vehicles. Radar was initially developed for defense operations, but with upcoming technologies and invention, radar is used in astronomy, anti-missiles systems, marine, aircraft anti- air-defense system, collision system, air traffic control, and meteorological monitoring.

The factors expected to drive the market are advancement in border surveillance systems. Moreover, increasing the need for a missile detection system is anticipated to boost the market. Increased investments in advanced surveillance technologies are upcoming opportunities for the market. However, extreme weather conditions hampering the accuracy of surveillance radars.

Key Market Driver -

• High Demand for RADAR Technology in Military Applications • Increase in the demand for Weather Radar

Key Market Restraint -

• Natural Calamities and Huge Investment Cost will act as a Restraint to the Market.

Radar Market Segmentation Analysis:

By component, the market segmented into an antenna, transmitter, receiver, and others. Based on the service, the market segmented into the installation/integration, support & maintenance, and training & consulting. Based on the application, the market categorized into ground-based, airborne, naval, and space-based. Based on frequency, the market is segmented into L-band, S-band, C-band, X-band, Ku-band, Ka-band, and others. Based on the end-use, the market categorized into military applications, air traffic control, remote sensing, ground traffic control, and others. From a geographical standpoint, the market categorized into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players Covered:

ASELSAN A.Ş. (Turkey)

Blighter Surveillance Systems Ltd. ( The U.K)

Detect Inc. ( The U.S.)

Elbit Systems Ltd.( Israel)

Flir Systems, Inc. (The U.S.)

Harris Corporation ( The U.S.)

Israel Aerospace Industries Ltd.(Israel)

Leonardo S.P.A (Italy)

Lockheed Martin Corporation( The U.S.)

Hensoldt ( Germany)

Raytheon Company ( The U.S.)

Saab AB ( Sweden)

Terma A/S ( Denmark)

Thales Group( France)

Honeywell International Inc.( The U.S.)

Key Insights

Advancement In Border Surveillance Systems

High Demand for RADAR Technology in Military Applications

RADAR MARKET Regional Analysis:

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The radar market is analyzed across four major regions North America, Europe, Asia Pacific, and the Rest of the World. At present, North America is anticipated to steer the market during the forecast period. This growth is attributed to the presence of key players, which include Lockheed Martin Corporation, Raytheon Company, and Detect Inc.

The Asia Pacific is estimated to capture a significant radar industry share during the forecast period. This market growth is owing to increasing demand for modern naval radars with advanced technologies from emerging nations such as India and China. Furthermore, the need for anti-ballistic missile systems in the defense service across Asia pacific help to grow the market. In Europe, demand for air surveillance radars from the ministry of defense Germany is propelling the market. The Rest of the World registers significant growth in the radar industry during the forecast period. This growth is attributed to the increasing installation of advanced coastal radars in Latin America and the Middle East & Africa.

Segmentation

ATTRIBUTE	DETAILS
By Component	Antenna Transmitter Receiver Others
By Service	Installation/Integration Support & Maintenance Training & Consulting
By Application	Ground-based Airborne Naval Space-based
By Frequency	L-band S-band C-band X-band Ku-band Ka-band Others
By End Use	Military Applications Air Traffic Control Remote Sensing Ground Traffic Control Others
By Geography	North America (The U.S., and Canada) Europe (The U.K., Germany, France, and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific) Rest of the World (Latin America, and the Middle East & Africa)

Key Radar Industry Developments

In March 2020, Northrop Grumman Corporation. and the U.S. Air Force signed a contract with a valuation of USD 262 million contract to supply of electronically scanned array radars that equipped in the Air Force F-16 Falcon jet.

In December 2019, Raytheon company has been awarded a contract from the US Air Force to support the technologically advanced radar system. The indefinite-quantity contract worth around USD 217million provided support for the sensor and processor for the advanced synthetic aperture radar system 2-A.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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