Radar Market Size, Share & Industry Analysis, By Component (Antenna, Transmitter, Receiver, Others), By Service (Installation/Integration, Support & Maintenance, Training & Consulting), By Application (Ground-based, Airborne, Naval, Space-based), By Frequency (L-band, S-band, C-band, X-band, Ku-band), By End Use (Military Applications, Air Traffic Control, Remote Sensing) and Regional Forecast, 2024-2032

Radio detection and ranging (RADAR) is a technologically advanced electronic equipment used to track an object by using radio waves. It is also used to detect the missiles, weather, spacecraft, aircraft, and other forms of vehicles. Radar was initially developed for defense operations, but with upcoming technologies and invention, radar is used in astronomy, anti-missiles systems, marine, aircraft anti- air-defense system, collision system, air traffic control, and meteorological monitoring.

The factors expected to drive the market are advancement in border surveillance systems. Moreover, increasing the need for a missile detection system is anticipated to boost the market. Increased investments in advanced surveillance technologies are upcoming opportunities for the market. However, extreme weather conditions hampering the accuracy of surveillance radars.

Market Segmentation:

By component, the market segmented into an antenna, transmitter, receiver, and others. Based on the service, the market segmented into the installation/integration, support & maintenance, and training & consulting. Based on the application, the market categorized into ground-based, airborne, naval, and space-based. Based on frequency, the market is segmented into L-band, S-band, C-band, X-band, Ku-band, Ka-band, and others. Based on the end-use, the market categorized into military applications, air traffic control, remote sensing, ground traffic control, and others. From a geographical standpoint, the market categorized into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players Covered:

Major key players that are present in the radar market are  ASELSAN A.Ş. (Turkey), Blighter Surveillance Systems Ltd. ( The U.K), Detect Inc. ( The U.S.), Elbit Systems Ltd.( Israel), Flir Systems, Inc.(The U.S.), Harris Corporation ( The U.S.), Israel Aerospace Industries Ltd.(Israel), Leonardo S.P.A (Italy), Lockheed Martin Corporation( The U.S.), Hensoldt ( Germany), Raytheon Company ( The U.S.), Saab AB ( Sweden), Terma A/S ( Denmark), Thales Group( France), Honeywell International Inc.( The U.S.)and among others.

Key Insights

• Advancement In Border Surveillance Systems


• High Demand for RADAR Technology in Military Applications

Regional Analysis:

The Radar market is analyzed across four major regions North America, Europe, Asia Pacific, and the Rest of the World. At present, North America is anticipated to steer the market during the forecast period. This growth is attributed to the presence of key players, which include Lockheed Martin Corporation, Raytheon Company, and Detect Inc.

The Asia Pacific is estimated to capture a significant market share during the forecast period. This market growth is owing to increasing demand for modern naval radars with advanced technologies from emerging nations such as India and China. Furthermore, the need for anti-ballistic missile systems in the defense service across Asia pacific help to grow the market. In Europe, demand for air surveillance radars from the ministry of defense Germany is propelling the market. The Rest of the World registers significant growth in the radar market during the forecast period. This growth is attributed to the increasing installation of advanced coastal radars in Latin America and the Middle East & Africa.

Segmentation

RADAR Market Industry Developments

• In March 2020, Northrop Grumman Corporation. and the U.S. Air Force signed a contract with a valuation of USD 262 million contract  to supply of electronically scanned array radars that equipped in the Air Force F-16 Falcon jet.


• In December 2019, Raytheon company has been awarded a contract from the US Air Force to support the technologically advanced  radar system. The indefinite-quantity contract worth around  USD 217million provided support for the sensor and processor for the advanced synthetic aperture radar system 2-A.