Radar System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Radar System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112024A2591
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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.

Global Radar System Market

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:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Component, Range, Application, Frequency Band, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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.

Key Questions Answered in This Report

The global radar system market was valued at US$ 33.7 Billion in 2022.

We expect the global radar system market to exhibit a CAGR of 3.3% during 2023-2028.

The rising demand for radar systems as they offer enhanced safety and security, improved efficiency, and enhanced situational awareness, is primarily driving the global radar system market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the decline of various aviation activities, thereby negatively impacting the global market for radar systems.

Based on the type, the global radar system market can be bifurcated into pulse radar and Continuous Wave (CW) radar. Currently, Continuous Wave (CW) radar holds the majority of the total market share.

Based on the component, the global radar system market has been segmented into antenna, transmitter, receiver, and others, where antenna currently exhibits a clear dominance in the market.

Based on the range, the global radar system market can be divided into short range radars, medium range radars, and long range radars. Currently, short range radars account for the largest market share.

Based on the application, the global radar system market has been segregated into air traffic control, remote sensing, ground traffic control, space navigation and control, and others. Among these, air traffic control currently holds the majority of the global market share.

Based on the frequency band, the global radar system market can be categorized into X Band, S Band, C Band, and others. Currently, X band exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global radar system market 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.

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Radar System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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