According to the latest report by IMARC Group, titled "Radar System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global radar system market size reached US$ 33.7 Billion in 2022. A radio detection and ranging (RADAR) system is an electromagnetic sensor that utilizes electromagnetic or radio waves for locating, detecting, tracking, and recognizing a wide variety of objects at considerable distances. It comprises the antenna unit, motor, duplexer, transmitter, receiver, controller, and the display, which shows the images and presents the information contained in the radar return signal in a format that is suitable for the operator to interpret. It is used for safety and security purposes to detect motion and measure speed, distance, and the angle of an object. It can also function in extremely harsh climatic conditions, such as fog, rain, and storm, and provide clear and accurate images. It offers reliable and robust applications as a RADAR system is not affected by thermal variations, does not require any medium, and creates signals which can pass through isolators. Furthermore, as it helps in speed monitoring, speed enforcement, and air traffic control, the demand for the radar system is rising across the globe.
Global Radar System Market Trends:
At present, the increasing demand for radar systems, as they are effective and user-friendly, represents one of the primary factors influencing the market positively. Besides this, there is a rise in the utilization of efficient radar systems for weather monitoring and forecasting. This, coupled with the growing adoption of advanced weather interactive processing systems (AWIPS) and integrated terminal weather systems (ITWS) to produce complete pictures of atmospheric conditions, is offering a favorable market outlook. In addition, the rising construction of airports to move passengers and transport cargo around the world is propelling the growth of the market. Apart from this, the increasing employment of radar systems in the agriculture industry to monitor crops, examine the presence of pest infestation, and analyze water stress is contributing to the growth of the market. Moreover, the rising demand for radar systems in the military and defense sector to locate unexploded ordinances and tunnels and detect terrorist activities around the border areas is bolstering the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 42.2 Billion by 2028, exhibiting a CAGR of 3.3% during 2023-2028.
- On the basis of the type, the market has been segmented into pulse radar and continuous wave (CW) radar. Continuous wave (CW) radar currently represents the largest segment.
- Based on the component, the market has been classified into antenna, transmitter, receiver, and others. At present, antenna holds the largest share in the market.
- Based on the range, the market has been classified into short range radars, medium range radars, and long range radars. Presently, short range radars exhibit a clear dominance in the market.
- Based on the application, the market has been classified into air traffic control, remote sensing, ground traffic control, space navigation and control, and others. Amongst these, air traffic control holds the largest share in the market.
- On the basis of the frequency band, the market has been categorized into X band, S band, C band, and others. X band currently holds the largest share in the market.
- Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include BAE Systems Plc, Dassault Aviation, General Dynamics Corporation, Honeywell International Inc., L3harris Technologies, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rockwell Collins Inc., SAAB AB, and Thales Group.
|Base Year of the Analysis
||Type, Component, Range, Application, Frequency Band, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||BAE Systems Plc, Dassault Aviation, General Dynamics Corporation, Honeywell International Inc., L3harris Technologies, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Rockwell Collins Inc., SAAB AB and Thales Group
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