Press release
Radar Systems Market Business Opportunities, Future Industry Trends, Strategies, Revenue, Challenges, Top Players and Forecast 2030
Radar Systems Market | Emergen Research
Vast number of small radiating components found in phased array antennas allow for comprehensive landscape mapping by phased-array radars. Such customized antennas concentrate on radar radiation into high-energy pencil beams that are steered electronically without the need for antenna construction to be physically moved, which is driving growth of the market.
In addition, quick development of radar technology and use of advanced computer technology in commercial maritime radar, such as Automatic Radar Plotting Aids (ARPA) are also driving market revenue growth. By using radar plotting and calculations, ARPA speeds up the process from seeing target 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 driving demand for military radars.
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Global Radar Systems Market research report offers a panoramic view of the Radar Systems market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Radar Systems market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
Major Companies in the Market Include:
BAE Systems, Northrop Grumman, Boeing, Lockheed Martin Corporation, General Dynamics Corporation, Thales, Saab, Raytheon Technologies Corporation, Honeywell International Inc., Mitsubishi Electric Corporation, and L3Harris Technologies, Inc.
Key Highlights From the Report
The marine segment accounted for a significant revenue share in 2021. High demand for marine radar systems for detection and tracking of marine activities, which includes submarines, warships, offshore patrol vessels, and other vessels is one of the key factors driving revenue growth of this segment. Maritime radar operates at either x-band (10 GHz) or S-band (3GHz) frequencies. Utilization of ship radar helps to prevent maritime mishaps and makes use of radar's basic features. Additionally, such radar systems are used by authorities, coast guards, and vehicle tracking systems to monitor coastal traffic.
The remote sensing segment accounted for largest revenue share in 2021. Ability to surveillance through cloud and rain during both day and night and provision of high-resolution images for easy mapping and tracking are major factors driving revenue growth of this segment. Radar data is excellent in its ability to detect surface and surface disturbances in the sea. Along with this feature, ships can also be monitored and tracked to the point where a ship's size and direction may be utilized to determine its speed and heading to determine its current position.
The military & defense segment accounted for a significant revenue share in 2021. Increasing inter-country conflicts over borders and disputed areas are increasing need for surveillance, which is one of the key factors driving revenue growth of this segment. Increase in military funding and rapid technological advancement in surveillance and battle systems are further supporting growth of the market.
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Emergen Research has segmented the global radar systems market based on product, application, end-users, and region:
Product Outlook (Revenue, USD Billion; 2019-2030)
Air
Military aircraft
Commercial aircraft
Marine
Military vessels
Commercial vessels
Unmanned
Unmanned Ground Vehicle (UGV)
Unmanned Aerial Vehicle (UAV)
Unmanned Surface Vehicle (USV)
Land
Mobile radar systems
Portable radar systems
Space
Spacecraft
Satellites
Application Outlook (Revenue, USD Billion; 2019-2030)
Remote sensing
Air traffic control
Ground traffic control
Space navigation & control
End-Users Outlook (Revenue, USD Billion; 2019-2030)
Aviation
Military & defense
Automotive
Industrial
Weather monitoring
Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Radar Systems market?
What are the key product types and applications of the Radar Systems industry?
What is the outcome of SWOT analysis and Porter's Five Forces analysis?
How is the competitive landscape of the Radar Systems market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Radar Systems Market by 2030?
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The key players covered in this study…
