Comprehensive Naval Radar Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034

What Is the Future Outlook for the Naval Radar Market's Size and Growth Rate?
The naval radar market has shown strong growth in recent years. It is projected to rise from $12.67 billion in 2024 to $13.42 billion in 2025, at a CAGR of 6.0%. The historical growth was driven by the focus on strengthening and expanding naval fleets, increased procurement of radar and air defense systems, the need for next-generation air and missile defense systems, and rising defense budgets.

The naval radar market is expected to experience steady growth in the next few years. It will grow to $16.04 billion by 2029, with a CAGR of 4.5%. The market growth is driven by rising demand for coastal surveillance, global trade expansion, increasing disposable income, the growth of high-net-worth individuals, and greater spending on advanced naval system upgrades. Trends include technological advancements in naval radar systems, investment in R&D to launch novel systems, the adoption of lightweight unmanned aerial vehicles (UAVs), and the rise of multifunction radar systems.

What Is Stimulating Growth in the Naval Radar Market?
The rising defense budgets allocated for coastal surveillance are expected to drive the expansion of the naval radar market. Defense budgets facilitate coastal surveillance by funding technological advancements, equipment procurement, infrastructure development, training programs, and coordination efforts to strengthen maritime security and safeguard coastal areas. Naval radar systems play a vital role in coastal monitoring by continuously tracking maritime activities, detecting vessel movements, managing maritime traffic, and supporting security and law enforcement operations. For instance, according to the United States Department of Defense, a U.S.-based government agency, the U.S. Navy's proposed budget for the 2024 fiscal year amounted to $211.7 billion, reflecting a 1.8% increase from 2023. This budget included $58.5 billion for shipbuilding and conversion, $18.8 billion for weapons procurement, $49.8 billion for operations and maintenance, and $20.4 billion for research and development. Consequently, the rising defense budget for coastal surveillance is fostering the growth of the naval radar market.

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Which Key Market Leaders Are Driving Naval Radar Industry Growth?
Major companies operating in the naval radar market are RTX Corporation, Lockheed Martin Corporation, Airbus Group, Northrop Grumman Corporation, BAE Systems PLC, Thales Group, Leonardo S.p.A., Rheinmetall AG, Garmin Ltd., SAAB AB, Israel Aerospace Industries Ltd., Hensoldt AG, Japan Radio Co., Furuno Electric Co. Ltd., West Marine, Navico Group, Aselsan A.S., Tokyo Keiki Inc., Terma A.S., Alphatron Marine, Koden Electronics Co. Ltd., GEM Elettronica, Kongsberg Maritime AS, FLIR Systems Inc., Kelvin Hughes Limited, Rutter Inc., Transas Marine International AB, Wärtsilä SAM Electronics Gmbh

What Are the Emerging Trends in the Naval Radar Industry?
Key players in the naval radar market are concentrating on advanced technologies, including enhanced imaging, automation features, and brushless DC motors, to develop cutting-edge radar systems that enhance maritime safety, navigation, and operational efficiency for naval and commercial vessels. A brushless DC motor is an electric motor that operates without brushes, using electronic commutation to boost efficiency, minimize maintenance, and enhance reliability across various applications. For instance, in July 2024, Furuno USA, Inc., a US-based marine electronics company, launched the FAR2XX8MK2 commercial radar series. This series improves bridge operations and safety at sea by providing clearer and more precise radar imaging. It features simplified maintenance, ergonomic controls, and advanced tracking capabilities, making it user-friendly and efficient for maritime applications. Additionally, incorporating a brushless DC motor extends operational periods with minimal maintenance, reducing downtime.

What Are the Main Segments in the Naval Radar Market?
The naval radar market covered in this report is segmented -

1) By Type: Naval Surveillance Radar, Naval Fire Control Radar, Naval Navigation Radar
2) By Component: Antennas, Transmitters, Receivers, Power Amplifiers
3) By Application: Naval Ships, Submarines, Unmanned Surface Vehicles, Other Applications

Subsegments:
1) By Naval Surveillance Radar: Long-Range Surveillance Radar, Medium-Range Surveillance Radar, Short-Range Surveillance Radar, Air Surveillance Radar, Sea Surveillance Radar
2) By Naval Fire Control Radar: Target Tracking Radar, Gun Fire Control Radar, Missile Fire Control Radar, Weapon Guidance Radar
3) By Naval Navigation Radar: Surface Navigation Radar, Collision Avoidance Radar, Navigation For Airborne Platforms, Navigation For Submarines, Radar For Port And Harbor Navigation

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Which Geographic Area Leads the Naval Radar Market?
North America was the largest region in the naval radar market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the naval radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Naval Radar Global Market Report?

- Market Size Analysis: Analyze the Naval Radar Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Naval Radar Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Naval Radar Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Naval Radar Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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