Press release
Solid State Radar Market Worth $3.3 Billion by 2030
Solid State Radar Market
According to this latest publication from Meticulous Research®, the global solid state radar market is projected to reach $3.3 billion by 2030, at a CAGR of 7.5% from 2023 to 2030.The growth of this market is driven by the increased demand for advanced weather monitoring radar and the growing demand for solid state phased array radar systems from the defense sector. However, the high manufacturing cost may restrain the market's growth. The growing demand for 3D solid-state radars and air surveillance radars is expected to offer significant growth opportunities for stakeholders in the solid state radar market.
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The global solid state radar market is segmented by frequency band (S-band, X-band, L-band, C-band, Ka-band, Ku-band, other bands [N band, W band]), dimension (2D, 3D, and 4D), waveform (doppler and frequency modulated continuous wave), application (airspace monitoring & surveillance, weather monitoring, collision warning, navigation, and airport perimeter security), end user (automotive, aviation, military & defense, meteorology institutes, and other end users). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on frequency band, the global solid state radar market is segmented into S-band, X-band, L-band, C-band, Ka-band, Ku-band, and other bands. In 2023, the S-band segment is estimated to account for the largest share of the global solid state radar market. S-band radars are often used for specialized applications, such as seeing through heavy weather or precipitation and for long-range bird detection. The large market share of this segment is attributed to the increasing need to produce accurate and reliable observations under severe weather conditions, rising demand for radar systems for various hydrometeorological and navigation applications, and increasing implementation of S-band radar systems for civilian and military aircraft navigation. Additionally, this segment is projected to register the highest CAGR during the forecast period.
Based on dimension, the global solid state radar market is segmented into 2D, 3D, and 4D. In 2023, the 3D segment is estimated to account for the largest share of the global solid state radar market. The large market share of this segment is attributed to the rising demand for 3D radar systems for weather monitoring, defense, and surveillance applications; a surge in demand for airport and route surveillance 3D radar systems; and growing demand for three-dimensional expeditionary long-range radar (3DELRR) systems. Additionally, this segment is projected to register the highest CAGR during the forecast period.
Based on waveform, the global solid state radar market is segmented into doppler and frequency-modulated continuous wave. In 2023, the doppler segment is estimated to account for the largest share of the global solid state radar market. The large market share of this segment is attributed to the growing need to use the doppler effect to produce velocity data about objects at a distance and the growing popularity of weather radar systems. Further, it enables a meteorologist to analyze and interpret the type of weather occurring dozens of miles away from the radar, promoting the segment's growth. However, the frequency-modulated continuous wave segment is projected to register the highest CAGR during the forecast period.
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Based on application, the global solid state radar market is segmented into airspace monitoring & surveillance, weather monitoring, collision warning, navigation, and airport perimeter security. In 2023, the airspace monitoring & surveillance segment is estimated to account for the largest share of the global solid state radar market. The large market share of this segment is attributed to the growing demand for solid state radar systems to detect all flight movements in specific airspace and the growing demand for air traffic control radar (ATC) for the surveillance of scheduled flights. Additionally, this segment is projected to register the highest CAGR during the forecast period.
Based on end user, the global solid state radar market is segmented into automotive, aviation, military & defense, meteorology institutes, and other end users. In 2023, the aviation segment is estimated to account for the largest share of the global solid state radar market. The large market share of this segment is attributed to the growing need for radar systems that allow controllers to track aircraft within their area of responsibility, the increasing need to provide precision approach guidance to aircraft landing, and the growing need to understand situational awareness of hazardous weather, especially thunderstorms. However, the automotive segment is projected to register the highest CAGR during the forecast period.
Based on geography, the global solid state radar market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is estimated to account for the largest share of the global solid state radar market. North America's major market share is attributed to the increasing demand for solid-state phased array radar systems by the defense sector, growing demand for advanced weather monitoring radar systems, and the cost-effectiveness of solid state radar systems. Furthermore, the increasing adoption of solid state radars in navigation, border security & surveillance, and traffic management applications is promoting the growth of the regional market. However, Asia-Pacific is projected to register the highest CAGR during the forecast period.
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Key Players:
The key players operating in the global solid state radar market are Thales Group (France), Honeywell International Inc. (U.S.), Raytheon Technologies Corporation (U.S.), GARMIN LTD. (U.S.), Indra Sistemas, S.A. (Spain), Japan Radio Co., Ltd. (Japan), ICS Technologies, Inc (Italy), Terma Group (Denmark), Reutech Radar Systems (South Africa), FURUNO ELECTRIC CO., LTD. (Japan), BAE Systems plc (U.K.), Blighter Surveillance Systems Limited (U.K.), GEM Elettronica (Italy), ELBIT SYSTEMS LTD. (Israel), and Lockheed Martin Corporation (U.S.)
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