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Commercial Airport Radar System Market: Comprehensive Forecast, Demand Trends, and Technological Scope
Commercial Airport Radar System Market
Commercial Airport Radar System Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $7.65 Bn In 2028 At A CAGR Of 7.8% :
The commercial airport radar system market size has grown strongly in recent years. It will grow from $5.17 billion in 2023 to $5.65 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to government initiatives, emergence of smart airports, increase in air traffic volume and complexity, security concerns leading to higher demand for surveillance radar systems, need for precision approach and landing improvements.
The commercial airport radar system market size is expected to see strong growth in the next few years. It will grow to $7.65 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rising need for runway incursion prevention, increased government budget for airline safety technology, subsequent rise in global air traffic volumes, high demand for weather radar systems at airports, rapid development of aviation infrastructure in developing economies. Major trends in the forecast period include advanced radar technology adoption, introducing advanced capabilities in threat detection and management, technological advancements, integration of artificial intelligence and machine learning algorithms into radar systems, adoption of next-generation radar systems.
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Commercial Airport Radar System Market Major Segments
The commercial airport radar system market covered in this report is segmented -
1) By Type: Surveillance Radar, Surface Movement Radar, Precision Approach Radar, Weather Radar
2) By Range: Short-Range, Medium-Range, Long-Range
3) By Application: Air Traffic Control, Surface Movement Monitoring, Precision Approach And Landing, Weather Monitoring, Wind Shear Detection, Other Applications
Key Driver - Need For Runway Incursion Prevention And Weather Monitoring Fuels Commercial Airport Radar System Market
The need for runway incursion prevention and weather monitoring is expected to propel the growth of the commercial airport radar system market going forward. Runway incursion prevention refers to measures taken to prevent accidents that occur when an aircraft, vehicle, or person enters or deviates from the designated runway area without authorization or clearance. Weather monitoring involves monitoring and forecasting weather conditions to ensure safe aircraft operations. The commercial airport radar system addresses the rising need for runway incursion prevention and weather monitoring by providing advanced radar solutions that enhance safety, situational awareness, and operational efficiency in commercial airport environments. For instance, in December 2023, according to the U.S. Federal Aviation Administration (FAA), a U.S.-based government agency, there were 1,756 runway incursions in 2023, which was 26 more than the previous year, representing a 1.5% year-over-year increase. Therefore, the rising need for runway incursion prevention and weather monitoring is driving the growth of the commercial airport radar system market.
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Prominent Trend - Introduction Of Advanced Radar Technology In Commercial Airport Radar System
Major commercial airport radar system companies are developing innovative products with advanced technologies, such as dual-polarization technology, to enhance aviation safety and improve airport operational capabilities. Dual-polarization (dual-pol) technology involves the simultaneous transmission and reception of electromagnetic waves in two orthogonal polarizations such as right-handed circular polarization (RHCP) and left-handed circular polarization (LHCP). For instance, in November 2023, Kuching International Airport (KIA), a Malaysia-based international airport, launched a weather radar system using dual-polarization (dual-pol) technology. It provides various data services, including viewing weather information via HD Radio Doppler Radar and SiriusXM and accessing fuel price information and stock updates. The Doppler Radar system enhances the airport's capabilities by offering detailed weather conditions within its coverage. It aims to enhance aviation safety and improve airport operational capabilities. This radar system upgrade signifies the airport's commitment to modernizing its infrastructure and ensuring the safety and efficiency of air traffic operations.
Commercial Airport Radar System Market Players
Major companies operating in the commercial airport radar system market are Raytheon Technologies Corporation, Northrop Grumman Corporation, BAE Systems Plc, Thales Group, Leonardo S.p.A., Wipro Limited, Harris Corporation, Honeywell International Inc., Saab AB, lndra SistemasS.A., Hensoldt AG, NEC Corporation, JMA Solutions LLC, Frequentis AG, Terma A/S, Telephonics Corporation, Selex ES Inc., DeTect Inc., Intelcan Technosystems Inc., Micro Nav Limited, GEM elettronica S.r.l., ELDIS Pardubice s.r.o., Easat Radar Systems Ltd., Blighter Surveillance Systems Limited, Cambridge Pixel Ltd., ERA a.s., L3Harris Technologies Inc., M7 Aerospace LLC, Navtech Radar Ltd., Park Air Systems AS
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Largest And Fastest Growing Region In The Market
North America was the largest region in the commercial airport radar system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial airport radar system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Commercial Airport Radar System Market Report Structure
3. Commercial Airport Radar System Market Trends And Strategies
4. Commercial Airport Radar System Market - Macro Economic Scenario
5. Commercial Airport Radar System Market Size And Growth
…..
27. Commercial Airport Radar System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The key players covered in this study…
