Press release
Commercial Radars Market Anticipated To Witness Robust Growth, Surpassing $8.5 Billion By 2029
Commercial Radars
What Is the Current Commercial Radars Market Size and Its Estimated Growth Rate?
The commercial radars market has expanded steadily in recent years, with expectations to rise from $6.54 billion in 2024 to $6.99 billion in 2025, marking a CAGR of 6.8%. Factors that contributed previously include defense use, air traffic management, maritime navigation, weather monitoring, and security systems.
The commercial radars market is anticipated to see substantial growth in the next few years. It will expand to $8.5 billion by 2029, growing at a CAGR of 5.0%. The growth in the forecast period can be attributed to advancements in autonomous vehicles, the expansion of 5G networks, environmental monitoring, space debris tracking, and drone and UAV traffic management. Major trends include phased array radars, radar fusion, compact and solid-state radars, the integration of AI and machine learning, and radar-as-a-service (RaaS).
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How Are Emerging Segments Shaping the Commercial Radars Market Landscape?
The commercial radars market covered in this report is segmented -
1) By Type: Commercial Aircraft Radars, Commercial Helicopters Radars, Business Jets Radars, Uav Radars
2) By Technology: Quantum Radar, Conventional Radar, Software Defined Radar (Sdr)
3) By Dimension: 2D, 3D, 4D
4) By Application: Surveillance Radars, Surface Movement Radars, Precision Approach Radars, Weather Radars, Others
Subsegments:
1) By Commercial Aircraft Radars: Weather Radar Systems, Ground Proximity Warning Systems (GPWS), Air Traffic Control (ATC) Radar, Collision Avoidance Radar Systems, Other Commercial Aircraft Radars
2) By Commercial Helicopters Radars: Weather Radar Systems, Ground Collision Radar, Terrain Avoidance Radar, Synthetic Aperture Radar (SAR), Other Commercial Helicopter Radars
3) By Business Jets Radars: Weather Radar Systems, Collision Avoidance Radar Systems, Terrain Avoidance Radar, Ground Proximity Warning Systems (GPWS), Other Business Jets Radars
4) By UAV Radars: Synthetic Aperture Radar (SAR), Ground Moving Target Indicator (GMTI), Airborne Radar Systems, Radar for Navigation And Surveillance, Other UAV Radars
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Which Growth Factors Are Influencing Commercial Radars Market Expansion?
The growing demand for drone detection systems (DDS) at airports is anticipated to drive the commercial radars market. Drones pose significant risks to aircraft, including physical collisions and radio frequency interference, which can lead to crashes. To mitigate these risks, airports are increasingly adopting drone detection systems. For example, Air Services Australia selected Thales to provide an Integrated Drone Surveillance System at Sydney Kingsford Smith Airport, and ASEAN airports are also deploying DDS, contributing to the growth of the commercial radars market.
Who Are the Dominant Players Across Different Commercial Radars Market Segments?
Major companies operating in the commercial radars market include Terma A/S, Hensoldt Inc., Detect Inc., Raytheon Technologies Corporation, NEC Corporation, Thales Group, Indra Sistemas SA, Easat Radar Systems Limited, Leonardo SpA, Honeywell International Inc, GEM electronica, Blighter Surveillance Systems Ltd., Teledyne FLIR LLC, Airbus Defense and Space Inc., BAE Systems PLC., General Dynamics Corporation, NXP Semiconductors N.V., Endress + Hauser (India) Pvt Ltd., Satellink Inc., DeepSea Developments, Geobrugg North America, SAE Manufacturing Specialties Corp, Pilz Automation Safety L.P., Lockheed Martin Corporation, Saab AB, Northrop Grumman Corporation, Collins Aerospace, L3Harris Technologies Inc., Mitsubishi Electric Corporation, Israel Aerospace Industries Ltd., ASELSAN A.S., ELTA Systems Ltd., RADA Electronic Industries Ltd., SRC Inc., Telephonics Corporation, Selex ES Inc., Kelvin Hughes Limited, Furuno Electric Co. Ltd., Kongsberg Gruppen ASA, Thales Nederland B.V., Cobham plc, Navico Inc., Scandinavian Micro Systems Inc., Russell Technologies Inc., Rockwell Collins Inc., Harris Corporation
What Are the Latest Developing Trends in the Commercial Radars Market?
Companies in the commercial radar market are advancing technologies such as radar-imaging satellites to improve Earth observation. In March 2024, Rocket Lab USA, Inc., launched the StriX-4 satellite for Synspective from New Zealand. This third-generation synthetic aperture radar (SAR) satellite improves imaging resolution and frequency with an upgraded sensor, serving low- and mid-latitude areas.
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Which Geographic Regions Are Expected to Dominate the Commercial Radars Market in the Coming Years?
Asia-Pacific was the largest region in the commercial radars market in 2023. Asia-Pacific is expected to be the fastest-growing region in the commercial radars market during the forecast period. The regions covered in the commercial radars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Commercial Radars Market?
2. What is the CAGR expected in the Commercial Radars Market?
3. What Are the Key Innovations Transforming the Commercial Radars Industry?
4. Which Region Is Leading the Commercial Radars Market?
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