The global Radar market size is expected to be worth around US$ 41.01 billion by 2030, according to a new report by Vision Research Reports.
The global Radar market size was valued at US$ 31.46 billion in 2020 and is anticipated to grow at a CAGR of 5.8% during forecast period 2021 to 2030.
|Market Size||USD 41.01 billion by 2030|
|Growth Rate||CAGR of 5.8% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Component, Service, Platform, Frequency Band, Range, End Use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Lockheed Martin Corporation; Collins Aerospace; Saab AB; Honeywell International Inc.; General Dynamics Corporation; BAE Systems; Northrop Grumman Corporation; Raytheon Company; Thales Group|
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.
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.
By Component Analysis
Based on component, the market is segmented into antenna, transmitter, and receiver, and others. The antenna segment is anticipated to dominate the market over the forecast period. The growth of the segment can be attributed to the growing demand for digital signal processing.
Transmitters are essential in designing a radar system. They produce short-duration, high-power radio-frequency pulses of energy. The pulses are radiated by antennas. The Power Oscillator Transmitter (POT) and Power Amplifier Transmitters (PAT) are the two leading transmitters used for manufacturing radar systems.
By Service Analysis
The airborne platform segment was valued at USD 8,870.9 million in 2020. The growth of the segment can be attributed to its need in an aircraft for performing highly sensitive air force missions.
The demand for ground-based systems is increasing at a faster rate owing to the need for strengthening cavalry units and locating targets. Lockheed Martin Corporation incorporated the Digital Arrow Row Transceiver (DART) in its series of ground-based antennas. DART was highly compatible with the Line Replaceable Units (LRUs).
By Frequency Band Analysis
The X-band segment generated the second-highest revenue in 2020. An X-band radar is mainly used in ships and large vessels for continuous monitoring of an area of sea surface for several square kilometers.
The demand for S-band radars is rapidly growing due to their growing deployments in large antennas and their popularity in maritime operations. These radars are often used for specific applications such as long-range bird detection and for better visibility in precipitation & harsh weather conditions during flight.
By Range Analysis
Based on range, the market has been segmented into long, medium, and short range. The long-range radars are most widely used in the aerospace and defense sector. These radars are deployed to meet surveillance objectives, including weapon detection and target location, in the defense sector.
A long-range radar is capable of detecting multiple targets simultaneously while carrying out surveillance functions. Long-range air surveillance systems are also capable of detecting targets at ultra-low to high altitudes.
By End Use Analysis
The military applications segment dominated the market in 2020. The growth of the segment can be attributed to the need for detection systems used for military entails surveillance, fire control, Air Traffic Control (ATC), weapons location identification, and vehicle search.
Currently, air traffic control is the second, dominating segment and this trend is expected to continue over the forecast period. The frequency of flights and cargo planes is expected to quadruple during the forecast period.
By Regional Analysis
The Asia Pacific region generated the second-highest revenue in 2020. The presence of several SMEs, manufacturing bases, increased radar technology adoption, and growing sea trade are expected to favor the development of radar systems in the region.
North America is expected to witness high demand for radar systems. Quantum radar is being developed in Canada for enhancing the detection of stealth aircraft. This technology helps detect objects with greater accuracy as compared to the conventional systems.
Lockheed Martin Corporation; Collins Aerospace; Saab AB; Honeywell International Inc.; General Dynamics Corporation; BAE Systems; Northrop Grumman Corporation; Raytheon Company; Thales Group.
Support & Maintenance
Training & Consulting
Air Traffic Control
Ground Traffic Control
Middle East & Africa
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 2020 and the forecast between 2021 and 2030. 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 2017 to 2030. 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).
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.
The study objectives of this report are:
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