What Has Driven the Growth of the Radar System Market in Recent Years?
The radar system market has seen considerable growth due to a variety of factors.
• The market size for radar systems has experienced significant expansion lately. Anticipations are for this growth to surge from $34.27 billion in 2024 to $37.7 billion in 2025, showing a compound annual growth rate (CAGR) of 10.0%.
The historical growth has been contributed to by factors like the modernization of the military, an increased need for surveillance and border security, advancements in weather forecasting, growth in air traffic, and the rise of smart cities.
What is the Market Size Forecast for the Radar System Market?
The radar system market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for radar systems is anticipated to experience robust expansion in the forthcoming years, escalating to a whopping $52.66 billion by 2029 with a compound annual growth rate (CAGR) of 8.7%.
This significant growth during the forecast period can be ascribed to factors such as geopolitical conflicts, the necessity for maritime surveillance, an upsurge in autonomous vehicles, an increase in defense budgets, and burgeoning markets. Noteworthy trends during this forecast period encompass cognitive radar, miniaturization, frequency modulated continuous wave (fmcw) radar, digital beamforming, and synthetic aperture radar (sar).
What Are The Core Factors Supporting Growth In The Radar System Market?
The increasing use of radar systems for weather observation is anticipated to fuel the radar system market's expansion. Radar systems, which utilize electromagnetic signals to identify and track objects, have significant applications in weather monitoring. They supply information essential for comprehending weather patterns, refining predictions (particularly severe weather), providing flood alerts, carrying out hydrological tasks, and conducting climate research. In January 2022, the India Meteorological Department (IMD) introduced four new Doppler weather radar units that utilize drone-driven observation technology to enhance the weather prediction system. These radars will deliver upgraded precipitation tracking and hydrometeor categorization through dual-polarization technology, capable of differentiating between snow, rain, and hail. Hence, the growing application of radar systems for weather monitoring is boosting the radar system market's growth.
What Are The Major Segments Within The Global Radar System Market?
The radar system market covered in this report is segmented –
1) By Component: Transmitter, Receiver, Antenna, Other Components
2) By Technologies: Continuous Wave (CW) Radar, Pulsed Radar
3) By Frequency Band: X-Band, S-Band, C-Band, Other Frequencies
4) By Application: Air Traffic Control, Remote Sensing, Ground Traffic Control, Space Navigation And Control, Other Applications
5) By End-user: Aviation, Maritime Applications, Automotive, Military And Defense
Subsegments:
1) By Transmitter: Solid-State Transmitters, Vacuum Tube Transmitters
2) By Receiver: Analog Receivers, Digital Receivers
3) By Antenna: Parabolic Antennas, Phased Array Antennas, Slot Antennas
4) By Other Components: Signal Processors, Display Systems, Data Links, Power Supply Units
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Which Trends Are Expected To Transform The Radar System Market?
The radar systems market is being transformed by 4D imaging radars. Numerous firms engaged in radar systems are coming up with creative 4D imaging radars in response to customer needs. For example, Ambarella Inc., an American semiconductor firm, introduced a centralized 4D imaging radar architecture in December 2022. Their 4D imaging radar, utilising Oculii™ technology, improves perception for autonomous systems by merging raw radar information with other sensors. It delivers high-resolution detection, adaptability in various settings, and a distance of more than 500 meters, presenting a versatile solution for forthcoming radar designs.
Who Are the Key Players in the Radar System Market?
Major companies operating in the radar system market include:
• BAE Systems Inc.
• Leonardo S.p.A.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Technologies Ltd.
• Saab AB
• Thales Group
• Honeywell International Inc.
• General Dynamics Corporation
• Israel Aerospace Industries Ltd.
• Reutech Radar Systems Ltd.
• Elcome Integrated Systems Pvt. Ltd.
• L3Harris Technologies Inc.
• NXP Semiconductors N.V.
• Infineon Technologies AG
• Hensoldt Corp.
• Indra Sistemas SA
• Rheinmetall AG
• Safran SA
• Terma A/S
• Serco Group Plc
• FLIR LLC
• Aselsan AS
• SRC Inc.
• ELTA Systems Ltd.
• Mercury Ltd.
• RADA Electronic Industries Ltd.
• International Foodstuffs Co.
• Cobham Inc.
• Telephonics Corporation
What Is The Most Dominant Region In The Radar System Market?
North America was the largest region in the radar systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the radar systems market share during the forecast period. The regions covered in the radar system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
