Global Radar Market Expected to Reach USD 18.31 Billion by 2030 Say's Maximize Market Research Report 2024 to 2030

Maximize Market Research, has published market intelligence and competitive landscape report on the 𝐑𝐚𝐝𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 published in March 2024. The Radar Market size was valued at USD 11.25 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 7.2 percent from 2024 to 2030, reaching nearly USD 18.31 Bn. by 2030.

The global radar market develops and deploys radar systems for a variety of applications and is increasing quickly. Radar employs electromagnetic waves to identify and track things in the environment. Defence, aviation, automobile, maritime, weather forecasting, and surveillance employ it. Several factors drive radar market expansion.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/210024/

North America and Europe dominate the radar industry due to strong defence sectors, strong R&D, and significant defence spending. However, rising defence budgets, modernization programmes, and the necessity for surveillance and security in emerging economies will radar market expansion in Asia-Pacific.

The increasing global defense spending by various countries is a significant driver for the radar market. Governments across the world are prioritizing the modernization of their defense capabilities, leading to the adoption of advanced radar systems for surveillance, target detection and tracking purposes. The rising emphasis on safety and security in the aviation and automotive sectors is driving the adoption of radar-based collision avoidance and autonomous driving systems.

Radar technology has great potential in unmanned systems like UAVs and UGVs. Radar systems help autonomous cars and drones detect, track, and avoid obstacles. Radar Market companies might capitalize on emerging economies' radar system demand. Defence spending, technology, and infrastructure are rising in the Asia-Pacific area.

The radar market is growing due to the demand for systems with increased range and accuracy, particularly in defense and surveillance. Miniaturization and integration trends, driven by the need for compact radar solutions in automotive and unmanned systems, are also contributing to market growth. Also, digital beam forming technology enhances target detection and tracking capabilities, meeting the need for adaptable and multi-functional radar systems.

Radar system prices are a major constraint. Also, regulatory and legal issues can limit radar sales. Authorities and industry groups regulate radar system deployment and operation. The constant need for technological advancements and innovation. The radar market is highly competitive and staying at the forefront of technology is crucial to meet evolving customer demands.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/210024/

𝐑𝐚𝐝𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞:

Market Size in 2023 USD 11.25 Bn.
Market Size in 2030 USD 18.31 Bn.
CAGR 7.2% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 285
No. of Tables 115
No. of Charts and Figures 110

𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐛𝐲 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦, 𝐒𝐞𝐫𝐯𝐢𝐜𝐞, 𝐓𝐲𝐩𝐞, 𝐚𝐧𝐝 𝐑𝐚𝐧𝐠𝐞

Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage Radar Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

𝐑𝐚𝐝𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐭𝐡𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

𝐁𝐲 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦

Land
Naval
Airborne
Space

𝐁𝐲 𝐒𝐞𝐫𝐯𝐢𝐜𝐞

Installation/Integration
Support & Maintenance
Training & Consulting

𝐁𝐲 𝐓𝐲𝐩𝐞

Defense & Aerospace
Marine
Weather Forecasting
Remote Sensing
Automotive

𝐁𝐲 𝐑𝐚𝐧𝐠𝐞

Short Range
Medium Range
Long Range

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐚𝐝𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

Raytheon Technologies Corporation (United States)
Lockheed Martin Corporation (United States)
Collins Aerospace (United States)
L3Harris Technologies, Inc. (United States)
Thales Group (France)
BAE Systems plc (United Kingdom)
Leonardo S.p.A. (Italy)
Mitsubishi Electric Corporation (Japan)
Bharat Electronics Limited (India)
Hanwha Corporation (South Korea)
Atech (Brazil)
Israel Aerospace Industries Ltd. (Israel)
Aselsan A.S. (Turkey)

𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐭𝐨 𝐆𝐚𝐢𝐧 𝐃𝐞𝐞𝐩𝐞𝐫 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 + 𝐆𝐫𝐚𝐩𝐡𝐬: https://www.maximizemarketresearch.com/market-report/radar-market/210024/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐚𝐝𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

What are the growth drivers for the Radar Market?
What is the major restraint for the Radar Market growth?
Which region is expected to lead the global Radar Market during the forecast period?
What is the projected market size & growth rate of the Radar Market?
What segments are covered in the Radar Market report?

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Radar Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Radar Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐨𝐮𝐫 𝐭𝐨𝐩-𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐭𝐫𝐞𝐧𝐝𝐬:

Radar Security Market was worth USD 26.63 Bn. in 2023 and overall revenue is anticipated to rise at a rate of 5.85 % from 2024 to 2030, reaching almost USD 39.65 Bn.

𝐑𝐚𝐝𝐚𝐫 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.maximizemarketresearch.com/market-report/global-radar-security-market/117273/

X-Band Radar Market is expected to reach USD 7.11 Billion at a CAGR of 3.1% during the forecast period 2030.

𝐗-𝐁𝐚𝐧𝐝 𝐑𝐚𝐝𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.maximizemarketresearch.com/market-report/global-x-band-radar-market/85255/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.