Global Radar Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 36.46 Billion |
 Market Size (Forecast Year) |
USD 57.38 Billion |
 CAGR |
% |
| Major Markets Players |
Global Radar Market, By Type (Detection and Search, Targeting Radars, Weather Sensing Radars, Navigational Radars, Mapping Radars, and Others), Range (Short Range, Medium Range, and Long Range), Band (L-band, S-band, C-band, X-band, Ku-band, Ka-band, and Others), Application (Defense and Aerospace, Marine, Weather Forecasting, Remote Sensing, Automotive, and Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Radar refers to an electromagnetic system that assists in detecting the location and distance of objects. It uses radio waves to determine the angle, speed, and spread of an object that falls within its radius. Radar systems are majorly used in industrial applications due to their high robustness in measuring, angles and velocities.
- Radar consists of a transmitter for producing an electromagnetic signal radiated into space by an antenna. Global radar market was valued at USD 36.46 billion in 2021 and is expected to reach USD 57.38 billion by 2029, registering a CAGR of 5.83% during the forecast period of 2022-2029. The defense and aerospace accounts for the largest segment in the end use industry owing to the need for detection systems used for military entails surveillance.
Market Definition
The modern radar system is highly deployed in air traffic control, weather formation, meteorological monitoring, and radar astronomy in recent years. Radar systems are widely utilized in industrial applications, including object recognition and tracking, collision avoidance, speed monitoring, and area and distance monitoring with static and moving objects.
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Forecast Period |
2022 - 2029 |
|
Historic Years |
2020 (Customizable to 2019 - 2014) |
|
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
|
Segments Covered |
Type (Detection and Search, Targeting Radars, Weather Sensing Radars, Navigational Radars, Mapping Radars, and Others), Range (Short Range, Medium Range, and Long Range), Band (L-band, S-band, C-band, X-band, Ku-band, Ka-band, and Others), Application (Defence and Aerospace, Marine, Weather Forecasting, Remote Sensing, Automotive, Others) |
|
Countries Covered |
U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA) |
|
Market Players Covered |
Sensors & Software Inc. (Canada), Guideline Geo (Sweden), Chemring Group PLC (UK), GSSI Geophysical Survey Systems, Inc. (US), HEXAGON (Sweden), US Radar (US), Radiodetection Ltd. (UK), PENETRADAR CORPORATION (US), Utsi Electronics (UK), Geoscanners AB (Sweden), Groundradar (Spain), Proceq (Switzerland), ImpulseRadar (Sweden), Transient Technologies (Ukraine), 3D-Radar (Norway), Maverick Inspection Ltd. (Canada), Ground Penetrating Radar Systems, LLC (US), Exploration Instruments LLC (US), MALA GPR Australia (Australia), SSI Services UK Ltd. (UK), and Japan Radio Co (Japan) |
COVID-19 had a Major Impact on Radar Market
COVID-19 has a major impact on the radar market. The factories in several countries witnessed shut downs in the initial stages of the pandemic as the government’s implemented strict lockdowns in order to prevent the spread of the virus. In the post-pandemic, the lockdowns are lifted and restrictions are eased. Radar manufacturers are allowed to resume factory operations at a limited capacity.
The Market Dynamics of the Radar Market Include:
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High Demand for Military Applications
The high usage of radar for defense and military purposes across the globe acts as one of the major factors driving the growth of radar market. The equipment is widely utilized for forecasting and detecting the aircraft, weather, spacecraft, and missiles, among other forms of vehicles.
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Use in the Automotive Industry
The rise in the usage of radar system in the automotive industry as it enhances safety features in passenger cars and other transport systems accelerate the market growth. The equipment deployed in automotive helps in various applications, such as lane changing and cruise control.
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Increase in Demand for High-End Passenger Cars
The increase in demand for high-end passenger cars due to the changing lifestyle and rise in disposable income of people further influence the market.
Additionally, rapid industrialization, a surge in investments, and manufacturing development positively affect the radar market.
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Highly Advanced Radar Systems
The availability of advanced radar systems extends profitable opportunities to the market players in the forecast period of 2022 to 2029. These highly advanced radar systems are utilized for digital signal processing and can extract information from high noise levels.
Restraints/Challenges faced by the Radar Market
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High Cost
High cost associated with the systems and installations are expected to obstruct market growth.
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Adverse Climatic Conditions
The concerns regarding the adverse climatic conditions resulting in the radar system malfunctioning are projected to challenge the radar market in the forecast period of 2022-2029.
This radar market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the radar market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
Recent Development
- Northrop Grumman., completed its LRIP phase of the Ground/Air Task-Oriented Radar (G/ATOR) AESA multi-mission radar program in September’2021. The corporation fielded the first full-rate production system to the Marine Corps and is expected to continue deliveries through 2024. The system will offer enhanced mission capabilities, logistics support and software upgrades that will continue through G/ATOR’s 30-year lifetime.
Global Radar Market Scope
The radar market is segmented on the basis of type, range, band, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Detection and Search
- Targeting Radars
- Weather Sensing Radars
- Navigational Radars
- Mapping Radars
- Others
On the basis of type, the radar market is segmented into detection and search, targeting radars, weather sensing radars, navigational radars, mapping radars, and others.
Range
- Short Range
- Medium Range
- Long Range
On the basis of range, the radar market is segmented into short range, medium range, and long range.
Band
- L-band
- S-band
- C-band
- X-band
- Ku-band
- Ka-band
- Others
On the basis of band, the radar market is segmented into L-band, S-band, C-band, X-band, Ku-band, Ka-band, and others.
Application
- Defense and Aerospace
- Marine
- Weather Forecasting
- Remote Sensing
- Automotive
- Others
On the basis of application, the radar market is segmented into defense and aerospace, marine, weather forecasting, remote sensing, automotive, and others.
Radar Market Regional Analysis/Insights
The radar market is analyzed and market size insights and trends are provided by country, type, range, band, and application.
The countries covered in the radar market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific (APAC) dominates the radar market because of the presence of several SMEs, manufacturing bases and increased radar technology adoption within the region.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the region's high use in military applications.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Radar Market Share Analysis
The 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.
Some of the major players operating in the radar market are Sensors & Software Inc. (Canada), Guideline Geo (Sweden), Chemring Group PLC (UK), GSSI Geophysical Survey Systems, Inc. (US), HEXAGON (Sweden), US Radar (US), Radiodetection Ltd., (UK), PENETRADAR CORPORATION (US), Utsi Electronics (UK), Geoscanners AB (Sweden), Groundradar (Spain), Proceq (Switzerland), ImpulseRadar (Sweden), Transient Technologies (Ukraine), 3D-Radar (Norway), Maverick Inspection Ltd. (Canada), Ground Penetrating Radar Systems, LLC (US), Exploration Instruments LLC (US), MALA GPR Australia (Australia), SSI Services UK Ltd. (UK), and Japan Radio Co (Japan), among others.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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