Radar System Market

Market Overview:

The global radar system market size reached US$ 33.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028. The growing concerns regarding geopolitical conflicts, growing investment to upgrade the overall defense infrastructure and the increasing air traffic level represent some of the key factors driving the market.

The radar system uses electromagnetic waves to detect, locate, and track objects. It consists of a transmitter that emits radio waves, a receiver that detects the reflected waves, and a processor that analyzes the data to determine the object's location and velocity. It can be used for a variety of purposes, including air traffic control, military surveillance, weather forecasting, and navigation. It can operate in any weather condition and can detect objects at long ranges, making them particularly useful for detecting aircraft and ships. As a result, there has been a considerable rise in the demand for radar systems across the globe due to their several advantages, such as enhanced safety and security, improved efficiency, and enhanced situational awareness. Besides this, during air traffic control, radar systems help pilots avoid collisions and navigate safely through congested airspace and detect and track enemy targets, providing valuable intelligence for military operations. Additionally, it can also provide real-time data on precipitation, allowing for more accurate and timely weather predictions.

Radar System Market Trends:

The global market is primarily driven by significant growth in the defense sector. Coupled with the increasing investments by public and private agencies to upgrade the overall defense infrastructure, this is providing a boost to the demand for radar systems across the globe. Along with this, the rising concerns regarding terrorist attacks and geopolitical conflicts is creating a positive market outlook for radar systems as they are widely utilized for surveillance, reconnaissance, and weapon guidance. Moreover, the increasing demand for autonomous vehicles is driving the demand for radar systems since they are used in autonomous vehicles to detect obstacles and other vehicles, helping to prevent accidents and improve safety. Apart from this, the growing air traffic around the world is driving the demand for radar systems in air traffic control as they are used to monitor and track aircraft, helping to ensure safe and efficient air travel. In addition, continuous advancements in technology, which have led to the development of more sophisticated and efficient radar systems, such as the use of digital signal processing, synthetic aperture radar, and phased array antennas have made radar systems more precise, accurate, and faster.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global radar system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, component, range, application and frequency band.

Type Insights:

• Pulse Radar
• Continuous Wave (CW) Radar
   

The report has provided a detailed breakup and analysis of the radar system market based on the type. This includes pulse radar and continuous wave (CW) radar. According to the report, continuous wave (CW) radar represented the largest segment.

Component Insights:

• Antenna
• Transmitter
• Receiver
• Others
   

A detailed breakup and analysis of the radar system market based on the component has also been provided in the report. This includes antenna, transmitter, receiver and others. According to the report, antenna accounted for the largest market share.

Range Insights:

• Short Range Radars
• Medium Range Radars
• Long Range Radars
   

The report has provided a detailed breakup and analysis of the radar system market based on the range. This includes short range radars, medium range radars and long range radars. According to the report, short range radars represented the largest segment.

Application Insights:

• Air Traffic Control
• Remote Sensing
• Ground Traffic Control
• Space Navigation and Control
• Others
   

A detailed breakup and analysis of the radar system market based on the application has also been provided in the report. This includes air traffic control, remote sensing, ground traffic control, space navigation and control and others. According to the report, air traffic control accounted for the largest market share.

Frequency Band Insights:

• X Band
• S Band
• C Band
• Others
   

The report has provided a detailed breakup and analysis of the radar system market based on the frequency band. This includes X band, S band, C band and others. According to the report, X band represented the largest segment.

Regional Insights:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, South Korea, India, 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. According to the report, North America was the largest market for radar system. Some of the factors driving the North America radar system market included continual technological advancements, the growing product demand to detect obstacles autonomous vehicles, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global radar system market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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, Thales Group, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global radar system market performed so far and how will it perform in the coming years?
• What is the impact of COVID-19 on the global radar system market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the range?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the frequency band?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the market?
• What is the structure of the global radar system market and who are the key players?
• What is the degree of competition in the market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the radar system market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global radar system market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the radar system industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.