What are the Historical Developments and Current Growth Metrics of the Radar Market?
The radar market has seen considerable growth due to a variety of factors.
• In the last few years, the radar market has seen significant growth. It is projected to increase from $37.95 billion in 2024 to $40.5 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%.
The prior growth can be linked to modernization in the military, improvements in air traffic control (ATC), enhanced weather monitoring and forecasting, advancements in maritime security, and the utilization of automotive radar for crash prevention.
What Does Future Hold for The Radar Market By 2029?
The radar market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the radar market is anticipated to witness robust growth, reaching a valuation of $51.65 billion in 2029, with a compound annual growth rate (CAGR) of 6.3%.
Factors contributing to this growth are numerous and include advancements in military radar systems, expansion of the 5G network, improved environmental monitoring, integration of autonomous vehicles, and tracking of space debris. Noteworthy trends forecasted for this period encompass cybersecurity measures for radar systems, the shrinking of radar systems, incorporation of artificial intelligence, quick prototyping and development, along with frequency modulation continuous wave (FM-CW) radar.
What Are The Primary Growth Drivers In The Radar Market?
The surge in global maritime trade boosts the radar market's development. The escalating maritime commerce, which positively affects consumers and businesses globally by reducing freight costs, continues its upward trend. The mode of seaborne trade allows for transportation of goods in large volumes via containers and tankers along sea routes, substantially lowering the cost. The increase in reliance on sea routes for trading goods and services due to these dynamic and less expensive transport services has sparked an increase in radar usage. Radars are essential for navigation, landmass identification, detection of boats, birds, and weather systems. For example, the Switzerland-based intergovernmental organization, the United Nations Conference on Trade and Development (UNCTD), reported a 2.4% rise in global maritime trade in 2023, reaching 12.3 billion tons. This marks a bounce back from the drop experienced in 2022. Thus, the surge in maritime trade contributes to driving the radar market.
What Is The Segmentation Of The Global Radar Market?
The radar market covered in this report is segmented –
1) By Type: Detection And Search, Targeting Radars, Weather Sensing Radars, Navigational Radars, Mapping Radars, Other Types
2) By Component: Antenna, Transmitter, Receiver, Other Components
3) By Range: Long, Medium, Short
4) By End Use: Military, Aviation, Weather Forecast, Ground Traffic Control, Others End Uses
Subsegments:
1) By Detection And Search: Airborne Early Warning Radars, Ground-Based Surveillance Radars, Naval Surveillance Radars
2) By Targeting Radars: Fire Control Radars, Weapon-Locating Radars, Tracking Radars
3) By Weather Sensing Radars: Doppler Radar, Precipitation Radar, Atmospheric Profiling Radar
4) By Navigational Radars: Marine Radar, Airport Surveillance Radar, Ground-Based Navigation Radars
5) By Mapping Radars: Synthetic Aperture Radar (SAR), Interferometric Radar, Ground Penetrating Radar (GPR)
6) By Other Types: Automotive Radar, Research And Experimental Radars, Spaceborne Radar Systems
Pre-Book The Radar Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are Emerging Trends Reshaping The Dynamics Of The Radar Market?
Top players in the radar market are shifting their focus towards the adoption of hemispheric radar, an innovative radar technology that provides a 360-degree field of vision. This enhances detection abilities and improves situational awareness in different sectors such as defense, aviation, and maritime. For example, in October 2024, Numerica Corp., an American defense manufacturing firm, launched a revolutionary wideband hemispheric radar known as Spark. Spark aims to boost military functionality, with a particular focus on uncrewed aircraft systems (UAS), short-range air defense (SHORAD), and Active Protection Systems (APS). This software-based radar platform offers defense forces a highly adaptable solution to efficiently tackle evolving air defense challenges.
Who Are the Key Players In The Radar Market?
Major companies operating in the radar market include:
• Lockheed Martin Corporation
• BAE Systems plc
• Saab AB
• L3Harris Technologies Inc.
• Northrop Grumman Corporation
• Raytheon Technologies Corporation.
• Thales Group
• Leonardo S.p.A.,Rheinmetall AG
• General Dynamics Corporation
• Airbus SE
• Honeywell International Inc.
• Israel Aerospace Industries Ltd.
• Mitsubishi Electric Corporation
• Kelvin Hughes Limited
• SRC Inc.
• ASELSAN Elektronik Sanayi ve Ticaret A.S.
• Terma A/S
• RADA Electronic Industries Ltd.
• HENSOLDT UK
• ELTA Systems Ltd.
• Mercury Systems Inc.
• Reutech Radar Systems (Pty) Ltd.
• DeTect Inc.
• DRS Technologies Inc.
• Echodyne Corporation
• Blighter Surveillance Systems
• Robin Radar Systems B.V.
What Are The Regional Insights Into The Radar Market?
North America was the largest region in the radar market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
