Radar System Market | Emergent Research
According to the latest analysis by Emergen Research, the global radar system market size is expected to be USD 32.48 billion in 2021, registering a revenue CAGR of 4.6% during the forecast period. Upgrades of existing fighter radars, advances in phased array solid-state radars, and increased investment by governments in rising defense spending in emerging countries are the key factors driving market revenue growth.
The sheer number of small radiating components found in phased array antennas enables comprehensive landscape mapping with phased array radars. Such customized antennas focus the radar radiation into a high-energy pencil beam and are electronically steered without the need to physically move the antenna structure, driving market growth.
In addition, the rapid development of radar technology and the use of advanced computer technology in commercial maritime radars such as Automatic Radar Plotting Auxiliary Equipment (ARPA) are also boosting market revenue growth. By using radar plotting and calculations, ARPA speeds up the process from identifying targets to locating data for radar users. Concerns about airborne fire control, early warning, surveillance, ground mapping, air traffic control (ATC), and surface-to-air missile guidance are increasing the demand for military radar.
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The Global Radar Systems Market Research Report provides a panoramic view of the radar systems market, the regulatory framework, and the macro- and micro-economic factors impacting the growth of the industry. This report seeks to provide reliable information on the Radar Systems market size, share, product portfolio, revenue forecast and growth rate. The report is produced through extensive primary and secondary research with verified and authoritative data from industry experts and experts.
Major players in the market are:
BAE Systems, Northrop Grumman, Boeing, Lockheed Martin Corporation, General Dynamics Corporation, Thales, Saab, Raytheon Technologies Corporation, Honeywell International Inc., Mitsubishi Electric Corporation, L3Harris Technologies, Inc.
Key highlights of the report
The marine segment accounted for a large revenue share in 2021. High demand for marine radar systems for detecting and tracking marine activity, including submarines, warships, offshore patrol vessels, and other vessels, is one of the key factors driving revenue growth in this segment. segment. Maritime radar operates in the x-band (10 GHz) or S-band (3 GHz) frequencies. Marine accidents can be prevented by using ship radar, and the basic functions of radar can be utilized. Additionally, such radar systems are used by authorities, the Coast Guard, and vehicle tracking systems to monitor coastal traffic.
The remote sensing segment accounted for the largest revenue share in 2021. The ability to monitor through clouds and rain day and night and the provision of high resolution imagery for easier mapping and tracking are the main factors driving revenue growth in this segment. Radar data is excellent at detecting sea surface and sea surface disturbances. In addition to this feature, you can also monitor and track your vessel, utilizing its size and heading to determine its speed and heading to determine your current position.
The military and defense segment accounted for a large revenue share in 2021. Increased conflicts between states over borders and disputed areas have increased the need for surveillance. This is one of the key factors driving revenue growth in this segment. Increasing military funding and rapid technological advancements in surveillance and combat systems further support the market growth.
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Emergen Research has segmented the global radar system market based on product, application, end user, and region.
Product Outlook (Revenue, USD Billion, 2019-2030)
air
military aircraft
commercial aircraft
Marine
warship
merchant ship
Unmanned
Unmanned Ground Vehicle (UGV)
Unmanned Aerial Vehicle (UAV)
Unmanned Seaplane (USV)
land
mobile radar system
portable radar system
space
spacecraft
satellite
Application Outlook (Revenue, USD Billion, 2019-2030)
remote sensing
air traffic control
ground traffic control
Space navigation and control
End User Outlook (Revenue, USD Billion, 2019-2030)
aviation
military and defense
Automobile
industrial
weather monitoring
others
Regional Outlook (Revenue, USD Billion, 2019-2030)
North America
we
Canada
Mexico
Europe
Germany
France
England
Italy
Spain
Benelux
rest of europe
Asia Pacific
China
India
Japan
Korea
Rest of Asia Pacific
latin america
Brazil
rest of latin america
Middle East and Africa
Saudi Arabia
United Arab Emirates
South Africa
turkey
Middle East and rest of Africa
Key questions answered in the report:
Which region is expected to dominate the market in the next few years?
What are the recent technological and product advancements happening in the market?
What are the key strategies adopted by the prominent players in the Radar Systems market?
What are the major product types and applications of the Radar Systems industry?
What are the results of the SWOT analysis and Porter’s Five Forces analysis?
What is the competitive landscape of the radar system market?
Who are the key players in the industry?
What is the growth rate of the industry in the next few years?
What will be the valuation of the Radar Systems market by 2030?
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