Solid State Radar Market Set to Reach $3.3 Billion by 2030, Driven by Advanced Weather Monitoring and Defense Sector Demand

[City, Date] - According to the latest research by Meticulous Research®, the global solid state radar market is poised to achieve a valuation of $3.3 billion by 2030, marking a notable Compound Annual Growth Rate (CAGR) of 7.5% from 2023 to 2030. This growth trajectory is propelled by the escalating demand for cutting-edge weather monitoring radar and the surging need for solid state phased array radar systems within the defense sector. However, the market faces challenges stemming from high manufacturing costs. Yet, the burgeoning demand for 3D solid-state radars and air surveillance radars promises significant opportunities for market stakeholders.

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Market Segmentation and Outlook

The global solid state radar market is segmented by frequency band, dimension, waveform, application, end-user, and geography, offering detailed insights into market dynamics and competitive landscapes.

Frequency Band: Categorizations include S-band, X-band, L-band, C-band, Ka-band, Ku-band, and other bands. The S-band segment, favored for specialized applications like weather monitoring and long-range bird detection, is anticipated to lead, driven by the need for accurate observations under adverse weather conditions and the rising demand for civilian and military aircraft navigation. A high growth rate is projected for this segment.

Dimension: Segments encompass 2D, 3D, and 4D radars. With increasing demand for weather monitoring, defense, and surveillance applications, the 3D segment holds a significant market share and is expected to witness substantial growth during the forecast period.

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Waveform: Doppler and frequency-modulated continuous wave radar systems are analyzed. The Doppler segment, crucial for producing velocity data and popular for weather radar systems, dominates the market. However, the frequency-modulated continuous wave segment is poised for the highest CAGR, promoting meteorological analysis and interpretation.

Application: Covering airspace monitoring & surveillance, weather monitoring, collision warning, navigation, and airport perimeter security. The airspace monitoring & surveillance segment leads the market, driven by the demand for precise radar systems for flight detection and air traffic control. A high growth rate is anticipated for this segment.

End-User: Including automotive, aviation, military & defense, meteorology institutes, and other end-users. While the aviation segment currently commands a substantial market share, propelled by radar systems aiding aircraft tracking and precision approach guidance, the automotive segment is projected for significant growth.

Geographical Analysis: Spanning North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America holds the largest market share, driven by defense sector demand and cost-effective radar solutions. However, Asia-Pacific is poised for the highest CAGR, attributed to increasing radar adoption in navigation and surveillance applications.

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Key Market Players

Leading players in the global solid state radar market include Thales Group, Honeywell International Inc., Raytheon Technologies Corporation, GARMIN LTD., Indra Sistemas, S.A., Japan Radio Co., Ltd., ICS Technologies, Inc., Terma Group, Reutech Radar Systems, FURUNO ELECTRIC CO., LTD., BAE Systems plc, Blighter Surveillance Systems Limited, GEM Elettronica, ELBIT SYSTEMS LTD., and Lockheed Martin Corporation.

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Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

This release was published on openPR.