The Naval Radar Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Naval Radar Market?
The growth trend of the Naval Radar Global Market Report 2025 shows strong expansion. The market size expanded from $12.67 billion in 2024 and is projected to reach $13.42 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Naval Radar Industry?
The Naval Radar Global Market is predicted to expand to a size of $16.04 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.5%.
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What are the Key Growth Drivers Fueling the Naval Radar Market?
The key drivers in the naval radar market are:
• Rising demand for coastal surveillance
• Increasing global trade through shipping
• Increasing spending on the upgradation of advanced naval systems on ships
• Technological advancements in the naval radar industry
Global Market Segmentation: Identifying Major Naval Radar Industry Segments
The naval radar market covered in this report is segmented –
1) By Type: Naval Surveillance Radar, Naval Fire Control Radar, Naval Navigation Radar
2) By Component: Antennas, Transmitters, Receivers, Power Amplifiers
3) By Application: Naval Ships, Submarines, Unmanned Surface Vehicles, Other Applications
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What are the Emerging Trends Shaping the Future of the Naval Radar Market?
The key trends in the naval radar market are:
• The naval radar industry is experiencing significant technological advancements.
• There has been an increase in investments in research and development to expedite the launch of novel systems with advanced features.
• A growing trend of adopting lightweight unmanned aerial vehicles (UAV) is evident.
• The use of multi-function radar systems is gradually being adopted.
Who Are the Top Competitors & Leading Players in the Naval Radar Market?
Major companies in the naval radar market are:
• RTX Corporation
• Lockheed Martin Corporation
• Airbus Group
• Northrop Grumman Corporation
• BAE Systems PLC
• Thales Group
• Leonardo S.p.A.
• Rheinmetall AG
• Garmin Ltd.
• SAAB AB
• Israel Aerospace Industries Ltd.
• Hensoldt AG
• Japan Radio Co.
• Furuno Electric Co. Ltd.
• West Marine
• Navico Group
• Aselsan A.S.
• Tokyo Keiki Inc.
• Terma A.S.
• Alphatron Marine
• Koden Electronics Co. Ltd.
• GEM Elettronica
• Kongsberg Maritime AS
• FLIR Systems Inc.
• Kelvin Hughes Limited
• Rutter Inc.
• Transas Marine International AB
• Wärtsilä SAM Electronics Gmbh
Regional Dominance: Which Area Leads the Global Naval Radar Market?
North America was the largest region in the naval radar market in 2024
