Radar Market 2025: Growth Accelerates with AI-Driven Detection Systems - Major Companies are Lockheed Martin Corporation, Saab AB, Rockwell Collins

The Global Radar Market reached US$ 24,012.56 million in 2023 and is projected to witness lucrative growth by reaching up to US$ 41,026.41 million by 2031. The market is growing at a CAGR of 5.8% during the forecast period (2024-2031).

The Radar Market is extensively analyzed in the latest study by DataM Intelligence, delivering a well-rounded assessment backed by reliable statistics, historical data, and strategic insights. This report profiles leading industry players, examining their product offerings, pricing strategies, financial health, and growth initiatives. It offers a clear perspective on market dynamics, competitive landscape, and emerging trends that are set to shape the industry's future.

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Radar (Radio Detection and Ranging) is a technology that uses radio waves to detect and track objects' distance, speed, and direction. It operates by transmitting radio signals and analyzing the reflected signals from objects. Radar is widely used in military defense, aviation, weather forecasting, and maritime navigation. It plays a crucial role in air traffic control and vehicle collision avoidance systems. Modern radar systems integrate advanced signal processing and artificial intelligence for enhanced accuracy and real-time data interpretation.

List of the Key Players in the Radar Market:

ASELSAN A.S., Lockheed Martin Corporation, Saab AB, Rockwell Collins, Northrop Grumman Corporation, Thales Group, Raytheon Technologies Corporation, Hensoldt AG, L3Harris Technologies, Inc. and SRC, Inc.

Radar Industry Development:

On March 20, 2023, L3Harris Technologies, based in Melbourne, announced a strategic partnership with Israeli Aerospace Industries' ELTA Systems Group (IAI/ELTA) and Korean Air Lines to deliver next-generation, high-altitude airborne early warning and control aircraft to the Republic of Korea Air Force.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Segment Covered in the Radar Market:

By Range: Short Range, Medium Range, Long Range.

By Application: Military Applications, Air Traffic Control, Remote Sensing, Ground Traffic Control, Space, Others.

By Platform: Land, Naval, Airborne, Space.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Radar Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Radar market?

➠ Who are the global key manufacturers of the Radar Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Radar market opportunities and threats faced by the vendors in the global Radar Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Radar market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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