Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 34.77 Billion

Market Size (2029)

USD 49.99 Billion

CAGR (2024-2029)

6.08%

Fastest Growing Segment

Maritime

Largest Market

North America

Market Overview

The Global Radar Market was valued at USD 34.77 Billion in 2023 and is predicted to experience robust growth in the forecast period with a CAGR of 6.08% through 2029. 

The global radar market is a dynamic and rapidly evolving sector driven by advancements in technology, increasing defense budgets, and growing applications across various industries. Radar, short for Radio Detection and Ranging, serves as a critical technology for detecting and tracking objects using radio waves. Its applications span military, aerospace, automotive, maritime, and meteorological sectors, among others, fueling its widespread adoption and market growth.

In the military sector, radar systems play a pivotal role in defense operations, offering capabilities such as surveillance, target detection, navigation, and missile guidance. Modern defense strategies increasingly rely on radar for situational awareness, border security, and response to emerging threats, driving continuous innovation and investment in radar technologies worldwide.

The aerospace industry utilizes radar for air traffic control, weather monitoring, and collision avoidance systems in both commercial and military aviation. Radar systems onboard aircraft provide crucial data for safe navigation and efficient flight operations, contributing to passenger safety and operational efficiency. In the automotive sector, radar technology is integral to advanced driver assistance systems (ADAS) and autonomous vehicles. Radar sensors enable features like adaptive cruise control, collision avoidance, and pedestrian detection, enhancing vehicle safety and reducing accidents on the road. The demand for radar in automotive applications is expected to surge with the rise of autonomous driving technologies and regulatory mandates for vehicle safety standards.

Maritime applications of radar include ship navigation, collision avoidance, and surveillance of maritime borders. Radar systems equipped on vessels enable detection of other ships, obstacles, and navigational hazards in varying weather conditions, ensuring safe maritime operations and compliance with international maritime regulations. The meteorological sector utilizes radar for weather forecasting, precipitation monitoring, and severe weather detection. Doppler radar systems provide real-time data on precipitation intensity, wind patterns, and storm movements, aiding meteorologists in issuing timely weather warnings and improving disaster preparedness.

Moreover, market growth is driven by increased defense spending in regions like North America, Europe, and Asia Pacific, coupled with rising investments in infrastructure development and smart city projects globally. The integration of radar with other sensor technologies, artificial intelligence (AI), and Internet of Things (IoT) further expands its capabilities and market reach, fostering a competitive landscape among radar manufacturers and technology providers worldwide.

Key Market Drivers

Defense Modernization Programs

Defense modernization initiatives worldwide are a significant driver for the global radar market. Governments and defense agencies are investing in advanced radar systems to enhance situational awareness, border security, and military capabilities. Modern radar technologies enable long-range surveillance, target detection, tracking, and missile guidance, critical for national defense strategies. For instance, the integration of phased array radars and AESA (Active Electronically Scanned Array) technology allows for faster scanning, multiple target tracking, and improved resistance to jamming, thereby strengthening defense capabilities against evolving threats such as stealth aircraft and ballistic missiles.

Rise in Air Traffic and Airport Expansion

The increasing global air traffic and expansion of airports drive the demand for radar systems in aviation applications. Radar is essential for air traffic control (ATC), providing accurate and real-time aircraft position data, ensuring safe and efficient air travel. Radar systems support airspace management, monitor flight paths, and enable precise landing approaches, contributing to enhanced aviation safety and operational efficiency. With the growth of commercial aviation and the emergence of unmanned aerial vehicles (UAVs), demand for radar solutions, including primary surveillance radar (PSR) and secondary surveillance radar (SSR), continues to rise.

Automotive Safety Regulations and Autonomous Driving

Radar technology is pivotal in the automotive sector, driven by stringent safety regulations and the development of autonomous driving technologies. Radar sensors are integral to advanced driver assistance systems (ADAS), providing features such as adaptive cruise control, automatic emergency braking, and blind-spot detection. These systems rely on radar's ability to detect and track surrounding vehicles, pedestrians, and obstacles in various driving conditions, enhancing vehicle safety and reducing accidents. As automakers increasingly adopt radar for collision avoidance and autonomous vehicle navigation, the demand for radar sensors is expected to grow significantly.

Maritime Surveillance and Navigation

In the maritime sector, radar plays a crucial role in vessel navigation, collision avoidance, and maritime surveillance. Radar systems on ships and maritime vessels provide real-time data on nearby vessels, obstacles, and navigational hazards, ensuring safe navigation in ports, waterways, and open seas. Enhanced radar technologies such as X-band and S-band radars offer improved detection capabilities, weather monitoring, and search-and-rescue operations at sea. With the global expansion of maritime trade, offshore oil and gas activities, and maritime security concerns, the demand for advanced radar solutions continues to increase.


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Key Market Challenges

Technological Advancements and Complexity

The radar market faces constant pressure from technological advancements, which drive the need for more sophisticated radar systems. As radar technology evolves, integrating new features such as higher resolution, longer range capabilities, and enhanced signal processing becomes crucial. However, these advancements often come with increased complexity and cost. Manufacturers must navigate challenges such as integrating different radar bands (X, S, L, etc.) into multifunctional systems while ensuring compatibility and interoperability across platforms. Moreover, advancements in stealth technology require radar systems to adapt to detect and track increasingly stealthy targets, necessitating continuous innovation in radar design and signal processing algorithms.

Regulatory and Environmental Constraints

Regulatory frameworks impose stringent requirements on radar systems, particularly concerning spectrum allocation and emission standards. The allocation of frequencies for radar operation is tightly regulated to prevent interference with other communication systems and ensure national security. Compliance with international standards such as those set by the International Telecommunication Union (ITU) is critical for manufacturers operating in the global market. Additionally, environmental concerns related to electromagnetic radiation and its impact on wildlife and human health necessitate adherence to strict emission norms, which can vary significantly across regions. Meeting these regulatory and environmental challenges requires extensive testing, certification, and sometimes redesigning of radar systems, adding complexity and cost to market entry and operations.

Cost and Affordability

The cost of radar systems remains a significant challenge, particularly in markets with budget constraints such as defense and aerospace. High-performance radar systems often require substantial investments in research and development, manufacturing, and maintenance. Cost reduction strategies, such as leveraging economies of scale, optimizing production processes, and standardizing components, are critical for manufacturers to remain competitive. However, balancing cost-efficiency with performance and reliability remains a delicate challenge, especially in markets where price sensitivity is high.

Cybersecurity Threats

As radar systems become increasingly integrated into networked environments and connected to broader defense and civilian infrastructures, cybersecurity threats pose a growing challenge. Radar systems are vulnerable to cyberattacks targeting their software, communication links, and data integrity. Securing radar systems against unauthorized access, data breaches, malware, and denial-of-service attacks requires robust cybersecurity measures, including encryption protocols, secure communication channels, and regular vulnerability assessments. Moreover, ensuring resilience against emerging cyber threats requires continuous monitoring and adaptation of cybersecurity frameworks, adding complexity and cost to radar system development and deployment.

Key Market Trends

Technological Advancements Driving Growth

The global radar market is experiencing significant growth propelled by continuous technological advancements. Traditional radar systems are evolving into more sophisticated variants with enhanced capabilities such as higher resolution, improved accuracy, and broader detection ranges. Key advancements include the integration of artificial intelligence (AI) and machine learning (ML) algorithms into radar systems, enabling autonomous decision-making and enhancing real-time data processing capabilities. These technologies are crucial in applications ranging from defense and aerospace to automotive safety systems and weather forecasting. Moreover, the development of phased array radar systems allows for electronically steerable beams, enhancing agility and responsiveness in tracking targets.

Rise in Demand for Automotive Radar Systems

There is a growing demand for radar systems in the automotive sector, driven by increasing adoption of advanced driver-assistance systems (ADAS) and autonomous vehicles. Radar sensors play a vital role in collision avoidance systems, adaptive cruise control, and blind-spot detection, contributing to improved vehicle safety and driving experience. The automotive radar market is witnessing rapid innovation, with manufacturers focusing on developing compact, cost-effective radar solutions capable of operating effectively in various weather conditions and traffic scenarios. This trend is expected to escalate with the rise of electric vehicles (EVs) and the integration of radar technology for enhanced navigation and obstacle detection.

Expansion in Defense and Security Applications

The defense and security sector remains a significant driver of growth in the radar market, fueled by increasing geopolitical tensions and defense budget allocations worldwide. Radars are crucial for air defense, surveillance, and battlefield management, offering capabilities such as target detection, tracking, and missile guidance. There is a notable shift towards developing multi-function radars capable of performing multiple tasks simultaneously, thereby reducing operational costs and enhancing efficiency. Furthermore, the integration of radar systems with other sensor technologies like infrared and electro-optical sensors is enhancing situational awareness and threat detection capabilities in both military and homeland security applications.

Market Expansion in Asia-Pacific Region

The Asia-Pacific region is witnessing significant growth in the radar market, driven by increasing defense expenditures, infrastructure development, and technological advancements in countries like China, India, and Japan. These nations are investing heavily in radar systems for military modernization, border surveillance, and maritime security. Moreover, the region's automotive industry is adopting radar-based ADAS solutions at a rapid pace, supported by stringent safety regulations and consumer demand for advanced vehicle features. The presence of key radar technology manufacturers and research institutions in Asia-Pacific further stimulates market growth, fostering innovation and product development in radar technology.

Segmental Insights

Type Insights

Continuous Wave (CW) Radar segment dominated in the global Radar market in 2023. Continuous Wave radar systems are known for their simplicity and robustness in design, making them highly reliable for a wide range of applications. They operate by emitting a continuous radio frequency (RF) signal without the need for complex pulse modulation, which simplifies their implementation and reduces manufacturing costs. This inherent simplicity allows CW radar systems to offer consistent performance in detecting moving targets with high accuracy and reliability, making them ideal for applications where continuous monitoring and precise measurement are critical.

One of the primary reasons for the dominance of CW radar in 2023 is its versatility across different industries and applications. CW radar systems find extensive use in automotive radar for applications such as speed measurement, collision avoidance, and adaptive cruise control. Their continuous waveform enables them to provide real-time data feedback, facilitating rapid decision-making in dynamic environments. In addition to automotive applications, CW radar is utilized in marine navigation, weather monitoring, industrial automation, and surveillance systems due to its ability to operate effectively in various environmental conditions.

CW radar systems are typically more cost-effective compared to other radar technologies, such as pulsed radar, due to their simpler design and lower manufacturing costs. This cost advantage has made CW radar systems attractive to industries seeking reliable radar solutions without compromising on performance. The efficiency of CW radar in detecting and tracking targets in real-time contributes to enhanced operational efficiency across sectors, driving their widespread adoption in both commercial and defense applications.

Advancements in RF and digital signal processing technologies have further bolstered the capabilities of CW radar systems in recent years. Improved signal processing algorithms, coupled with advancements in semiconductor technology, have enhanced the sensitivity and range of CW radar systems while reducing power consumption and enhancing data processing speeds. These technological advancements have expanded the applicability of CW radar systems in emerging markets such as IoT, smart cities, and autonomous systems, where reliable and cost-effective radar solutions are essential.

The increasing demand for reliable sensing solutions across various industries, coupled with favorable regulatory frameworks promoting the adoption of radar-based technologies, has contributed significantly to the dominance of CW radar in the global market. Industries such as automotive, aerospace, defense, and industrial automation continue to drive the demand for CW radar systems, fueling market growth and innovation in radar technology. 

 

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Regional Insights

North America dominated the global Radar market in 2023. One of the primary reasons for North America's dominance in the radar market is its advanced defense and aerospace industries. The region is home to some of the world's largest defense contractors and aerospace manufacturers, which drive substantial demand for radar systems. Radars play a crucial role in military applications such as surveillance, reconnaissance, missile guidance, and air traffic control, where North American defense forces prioritize technological superiority and innovation. This robust demand from the defense sector contributes significantly to the overall radar market size in North America.

North America boasts a strong ecosystem of research institutions, universities, and technology firms that continually innovate and develop cutting-edge radar technologies. Major advancements in radar technology, including phased array radars, synthetic aperture radars (SAR), and advanced signal processing algorithms, originate from research and development efforts in the region. This technological leadership not only drives market growth but also enhances North America's competitive advantage in supplying high-performance radar systems globally.

The adoption of radar technology in non-defense sectors such as automotive and Internet of Things (IoT) also contributes to North America's market dominance. The region leads in the deployment of automotive radar systems for advanced driver-assistance systems (ADAS) and autonomous vehicles, driven by stringent safety regulations and consumer demand for enhanced vehicle features. Additionally, North America is at the forefront of integrating radar sensors into IoT applications for smart city infrastructure, industrial automation, and environmental monitoring, further expanding the radar market's scope and reach.

North America benefits from strong defense alliances and partnerships, particularly with NATO member countries, which promote collaborative defense projects involving radar technology. These partnerships foster joint research initiatives, interoperability of defense systems, and collective defense capabilities, driving demand for radar systems across the region. Moreover, North American defense contractors often export radar systems to allied nations worldwide, bolstering the region's position as a global leader in radar technology manufacturing and export.

The region's favorable regulatory environment and robust investment climate also play crucial roles in its radar market dominance. Supportive government policies, including defense procurement initiatives and research grants, encourage innovation and investment in radar technology development. Furthermore, North America's strong intellectual property protection framework incentivizes companies to invest in research and commercialization of radar technologies, fostering continuous growth and competitiveness in the global radar market.

Recent Developments

  • In May 2024, Integrity Compliance 360 (IC360), formed from the merger of U.S. Integrity and Odds-on Compliance, announced a significant strategic partnership with Radar, a prominent player in geolocation technology. IC360, renowned for its advanced integrity and compliance solutions tailored for the sports betting and gaming industries, views this collaboration as pivotal in enhancing its technological capabilities.
  • In November 2023, Altos India proudly unveiled a transformative partnership with SISA, marking a significant advancement in their service offerings. This strategic collaboration enables Altos India to integrate RADAR, a cutting-edge Data Discovery and classification solution developed by SISA, into its portfolio. The introduction of RADAR is poised to revolutionize data security practices for Altos India's clientele, ensuring robust compliance with the stringent provisions of the Digital Personal Data Protection (DPDP) Act of 2023.
  • In July 2024, Philips launches a new line of 4K monitors designed to boost productivity. This quartet of displays meets essential needs, entering the market amid intense competition.

Key Market Players

  • Lockheed Martin Corporation
  • RTX Corporation
  • Thales Group
  • Northrop Grumman Corporation
  • Honeywell International Inc.
  • Saab AB
  • Leonardo S.p.A.
  • BAE Systems plc
  • Rohde & Schwarz GmbH & Co. KG
  • Elbit Systems Ltd.

By Type

By Application

By Technology

By End User

By Region

  • Continuous Wave (CW) Radar
  • Pulsed Wave (PW) Radar
  • Frequency Modulated Continuous Wave (FMCW) Radar
  • Airborne Radar
  • Land-Based Radar
  • Naval Radar
  • Space-Based Radar
  • Phased Array Radar
  • Passive Radar
  • Synthetic Aperture Radar
  • Military & Defense
  • Civil Aviation
  • Maritime
  • Weather Monitoring
  • Others
  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific

Report Scope:

In this report, the Global Radar Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Radar Market, By Type:

o   Continuous Wave (CW) Radar

o   Pulsed Wave (PW) Radar

o   Frequency Modulated Continuous Wave (FMCW) Radar

  • Radar Market, By Application:

o   Airborne Radar

o   Land-Based Radar

o   Naval Radar

o   Space-Based Radar

  • Radar Market, By Technology:

o   Phased Array Radar

o   Passive Radar

o   Synthetic Aperture Radar

  • Radar Market, By End User:

o   Military & Defense

o   Civil Aviation

o   Maritime

o   Weather Monitoring

o   Others

  • Radar Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  France

§  United Kingdom

§  Italy

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   Middle East & Africa

§  Saudi Arabia

§  UAE

§  South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Radar Market.

Available Customizations:

Global Radar Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Radar Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Baseline Methodology

2.2.  Key Industry Partners

2.3.  Major Association and Secondary Sources

2.4.  Forecasting Methodology

2.5.  Data Triangulation & Validation

2.6.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customer

5.    Global Radar Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type (Continuous Wave (CW) Radar, Pulsed Wave (PW) Radar, Frequency Modulated Continuous Wave (FMCW) Radar)

5.2.2.    By Application (Airborne Radar, Land-Based Radar, Naval Radar, Space-Based Radar)

5.2.3.    By Technology (Phased Array Radar, Passive Radar, Synthetic Aperture Radar)

5.2.4.    By End User (Military & Defense, Civil Aviation, Maritime, Weather Monitoring, Others)

5.2.5.    By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

5.3.  By Company (2023)

5.4.  Market Map

6.    North America Radar Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Application

6.2.3.    By Technology

6.2.4.    By End User

6.2.5.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Radar Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type

6.3.1.2.2.           By Application

6.3.1.2.3.           By Technology

6.3.1.2.4.           By End User

6.3.2.    Canada Radar Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type

6.3.2.2.2.           By Application

6.3.2.2.3.           By Technology

6.3.2.2.4.           By End User

6.3.3.    Mexico Radar Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type

6.3.3.2.2.           By Application

6.3.3.2.3.           By Technology

6.3.3.2.4.           By End User

7.    Europe Radar Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By Technology

7.2.4.    By End User

7.2.5.    By Country

7.3.  Europe: Country Analysis

7.3.1.    Germany Radar Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Application

7.3.1.2.3.           By Technology

7.3.1.2.4.           By End User

7.3.2.    France Radar Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Application

7.3.2.2.3.           By Technology

7.3.2.2.4.           By End User

7.3.3.    Spain Radar Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Application

7.3.3.2.3.           By Technology

7.3.3.2.4.           By End User

7.3.4.    United Kingdom Radar Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type

7.3.4.2.2.           By Application

7.3.4.2.3.           By Technology

7.3.4.2.4.           By End User

7.3.5.    Italy Radar Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type

7.3.5.2.2.           By Application

7.3.5.2.3.           By Technology

7.3.5.2.4.           By End User

8.    South America Radar Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

8.2.3.    By Technology

8.2.4.    By End User

8.2.5.    By Country

8.3.  South America: Country Analysis

8.3.1.    Brazil Radar Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Application

8.3.1.2.3.           By Technology

8.3.1.2.4.           By End User

8.3.2.    Colombia Radar Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Application

8.3.2.2.3.           By Technology

8.3.2.2.4.           By End User

8.3.3.    Argentina Radar Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Application

8.3.3.2.3.           By Technology

8.3.3.2.4.           By End User

9.    Middle East & Africa Radar Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

9.2.3.    By Technology

9.2.4.    By End User

9.2.5.    By Country

9.3.  Middle East & Africa: Country Analysis

9.3.1.    Saudi Arabia Radar Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Application

9.3.1.2.3.           By Technology

9.3.1.2.4.           By End User     

9.3.2.    UAE Radar Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Application

9.3.2.2.3.           By Technology

9.3.2.2.4.           By End User

9.3.3.    South Africa Radar Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Application

9.3.3.2.3.           By Technology

9.3.3.2.4.           By End User

10. Asia Pacific Radar Market Outlook

10.1.   Market Size & Forecast

10.1.1. By Value

10.2.   Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Technology

10.2.4. By End User

10.2.5. By Country

10.3.   Asia Pacific: Country Analysis

10.3.1. China Radar Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Application

10.3.1.2.3.         By Technology

10.3.1.2.4.         By End User

10.3.2. India Radar Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Application

10.3.2.2.3.         By Technology

10.3.2.2.4.         By End User

10.3.3. Japan Radar Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Application

10.3.3.2.3.         By Technology

10.3.3.2.4.         By End User

10.3.4. South Korea Radar Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.          By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type

10.3.4.2.2.         By Application

10.3.4.2.3.         By Technology

10.3.4.2.4.         By End User

10.3.5. Australia Radar Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Type

10.3.5.2.2.         By Application

10.3.5.2.3.         By Technology

10.3.5.2.4.         By End User

11. Market Dynamics

11.1.   Drivers

11.2.   Challenges

12. Market Trends and Developments

13. Company Profiles

13.1.   Lockheed Martin Corporation

13.1.1. Business Overview

13.1.2. Key Revenue and Financials  

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services Offered

13.2.   RTX Corporation

13.2.1. Business Overview

13.2.2. Key Revenue and Financials  

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services Offered

13.3.   Thales Group

13.3.1. Business Overview

13.3.2. Key Revenue and Financials  

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services Offered

13.4.   Northrop Grumman Corporation

13.4.1. Business Overview

13.4.2. Key Revenue and Financials  

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services Offered

13.5.   Honeywell International Inc.

13.5.1. Business Overview

13.5.2. Key Revenue and Financials  

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services Offered

13.6.   Saab AB

13.6.1. Business Overview

13.6.2. Key Revenue and Financials  

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services Offered

13.7.   Leonardo S.p.A.

13.7.1. Business Overview

13.7.2. Key Revenue and Financials  

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services Offered

13.8.   BAE Systems plc

13.8.1. Business Overview

13.8.2. Key Revenue and Financials  

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services Offered

13.9.   Rohde & Schwarz GmbH & Co. KG

13.9.1. Business Overview

13.9.2. Key Revenue and Financials  

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services Offered

13.10.  Elbit Systems Ltd.

13.10.1.    Business Overview

13.10.2.    Key Revenue and Financials  

13.10.3.    Recent Developments

13.10.4.    Key Personnel

13.10.5.    Key Product/Services Offered

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the global Radar market was USD 34.77 Billion in 2023.

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Maritime was the fastest growing segment in the global Radar market, by end user due to increasing demand for advanced radar systems in ship navigation, collision avoidance, and maritime surveillance. Rising maritime trade activities, coupled with regulatory requirements for vessel safety and security, drive the adoption of radar technology in this sector.

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Challenges in the global radar market include rapid technological obsolescence, high development costs, and regulatory complexities. Additionally, maintaining radar system accuracy in diverse environmental conditions poses a challenge. Competition intensifies as companies strive to innovate while meeting evolving customer demands and stringent industry standards.

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Major drivers for the global radar market include increasing defense expenditures worldwide, growth in aerospace and aviation sectors, rising demand for radar systems in automotive safety applications, and expanding applications in weather forecasting and surveillance. Technological advancements like AI integration and the development of advanced radar systems further fuel market growth.

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Sakshi Bajaal

Business Consultant
Press Release

Radar Market is Expected to grow at a robust CAGR of 6.08% through 2029F

Sep, 2024

The increasing global Radar market is driven by defense modernization programs, rise in air traffic and airport expansion during the forecast period 2025-2029.