The global radar market size is poised to hit around USD 38.79 billion by 2027, registering a CAGR of 4.2% over the forecast period 2020 to 2027.
Increasing deployments of radars and security related issues across the globe are driving the market growth. Additionally, the market is also witnessing healthy growth in demand due to the increase in sea trade and travel activities across the globe. They have been used for understanding path patterns, altitude, and migration path. Additionally, weather radar systems are used for monitoring changes in climate patterns.
Radar-based equipment are the prominent security equipment employed in the defense sector across all nations. Primarily developed for defense and military purposes, these systems also find extensive use in air traffic, marine, and meteorological monitoring and aircraft anti-collision systems.Technological proliferation is leading to the development of lightweight radars and is positively influencing the market growth.
Radar systems used for digital signal processing help deal with security issues. Moreover, growing safety and security concerns and an increase in defense budgets are likely to propel their demand over the forecast period. Additionally, the development of new airports and terminals across the globe is also anticipated to significantly contribute to the overall growth of the market. The growing terrorist activities, inter-country conflicts, border infiltrations are considerably driving the demand for radar.
Unlike earlier, now the deployment of radars is not limited to the military sector. These systems are now increasingly being adopted in air traffic control, remote sensing, ground traffic control, marine, and meteorological monitoring, among others. The growing adoption and deployment of radars in various sectors for different applications are anticipated to support the market growth over the forecast period.
The growth of the air travel industry is encouraging market players to offer airborne radars that operate between L and Ka bands. Short range targeting radars, particularly used for helicopters and tanks, function under the millimeter band. Long range, ground-based radars use lower frequencies and are increasingly being adopted for satellite communication applications. Additionally, a radar system reveals detailed information that is essential for flight operations in dense clouds and it can also be concluded that aircraft-based systems are witnessing high-scale deployment in order to enhance flight safety.
The deployment of radar-based sensors in automobile, railways, and airplanes is increasing. The key advantages of using these sensors for detection include flexible mounting, resistance to extreme weather conditions, and long-range detection. This is leading to mass production of radars. The growth in international sea trade and movement of goods in high volumes are encouraging countries to increase their fleet size and merchant vessels to strike a balance between supply and demand. Radar can be used to track these vessels, and this is anticipated to positively influence the market growth.
On the other hand, airports with a higher number of travelers and cargo are required to consider the use of surveillance radar systems to ensure the safety of cargo and passengers. Hence, airport operators are emphasizing on enhancing runway safety systems and deploying radio detection systems across airports to enable ATC controllers to possess better control over passenger and cargo movement. Current geopolitical scenarios in developing and developed countries are offering a favorable environment for investments by manufacturers to expand their portfolio. This is expected to create new market opportunities in the near future.
Moreover, the introduction of Advanced Driver Assistance Systems (ADAS) in cars and electric vehicles is further stimulating the market growth. On the contrary, technical incompatibilities between the average power of a transmitter and size of an antenna tend to result in poor performance. In addition to this, higher receiver noise and poor sensitivity of radar are the other technical issues affecting the performance of radars. However, technological innovations and developments, coupled with increasing defense budgets, are expected to provide opportunities for the development of advanced detection systems to curb such technical issues.
Further key findings from the report suggest:
The growing deployments of new antennas and upgrading of the existing radar systems are the key factors driving the growth of the antenna segment
The installation/integration service segment is expected to reach USD 6,127.5 million by 2025 owing to the increasing deployments of radars in emerging economies of Asia Pacific
The demand for ground-based radars is likely to increase owing to the development of new airports and terminal expansions in various economies across the globe
The X-band segment is projected to witness significant growth over the forecast period owing to the growing spending on the deployment of radars for military applications
The long-range radar segment growth can be attributed to the use of these radars for guiding space vehicles, tracking satellites, observing planetary equipment, and monitoring meteors
The growth of the air traffic control segment is being driven by the growing demand for efficient air traffic control
Asia Pacific regional market is anticipated to witness rapid growth owing to the rapid growth of industries & sectors such as defense, space, and aviation in the region
The key players operating in the radar market include Lockheed Martin Corporation; CollinsAerospace; Saab AB; Honeywell International Inc.; General Dynamics Corporation; BAE Systems; Northrop Grumman Corporation; Raytheon Company; and Thales Group.
Some of the key players operating in the market are Lockheed Martin Corporation; Collins Aerospace; Saab AB; Honeywell International Inc.; General Dynamics Corporation; BAE Systems; Northrop Grumman Corporation; Raytheon Company; and Thales Group. Northrop Grumman Corporation has been an innovative developer of reliable military radar systems used for surveillance. The key manufacturers are engaged in manufacturing and deploying radars used in air and ground traffic monitoring systems. The need to manage air traffic in various countries, coupled with the need for precise information about flight movements, is predicted to create growth opportunities for the players in the market.
The Radar market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Radar market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Radar market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Radar market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Radar market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Radar capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Radar by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Radar market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Radar market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Radar market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Radar industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Radar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Radar market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Radar market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Radar market. These factors have benefited the growth of the global market for Radar. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Radar. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Support & Maintenance
Training & Consulting
Frequency Band Outlook
End Use Outlook
Air Traffic Control
Ground Traffic Control
Middle East & Africa
In this study, the years considered to estimate the market size of Radar are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Microcontroller Market Size, Share, Growth, Trends, Production, Revenue, Sales and Forecast 2020 to 2027Read more...
Smart Lock Market Size, Share, Growth, Trends, Production, Revenue, Sales and Forecast 2020 to 2027Read more...
Automated Test Equipment Market Size, Share, Growth, Trends, Production, Revenue, Sales and Forecast 2020 to 2027Read more...
Gas Sensor Market Size, Share, Growth, Trends, Production, Revenue, Sales and Forecast 2020 to 2027Read more...
Electronic Contract Manufacturing And Design Services Market Size, Share, Growth, Trends, Production, Revenue, Sales and Forecast 2020 to 2027Read more...