Press release
Radar Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Radar Market
What Is the Projected Growth of the Radar Market?
The radar market has expanded considerably in recent years. It is expected to grow from $37.95 billion in 2024 to $40.5 billion in 2025, reflecting a CAGR of 6.7%. The growth can be attributed to factors such as military modernization, upgrades in air traffic control (ATC), weather monitoring and prediction, maritime security, and automotive radar systems for collision avoidance.
The radar market is projected to reach $51.65 billion in 2029 with a CAGR of 6.3%, driven by military upgrades, 5G rollout, autonomous systems, and space surveillance needs. Trends include AI-enabled radar, cybersecurity, miniaturization, FM-CW systems, and faster prototyping.
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What Are the Different Radar Market Segments?
The radar market covered in this report is segmented -
1) By Type: Detection And Search, Targeting Radars, Weather Sensing Radars, Navigational Radars, Mapping Radars, Other Types
2) By Component: Antenna, Transmitter, Receiver, Other Components
3) By Range: Long, Medium, Short
4) By End Use: Military, Aviation, Weather Forecast, Ground Traffic Control, Others End Uses
Subsegments:
1) By Detection And Search: Airborne Early Warning Radars, Ground-Based Surveillance Radars, Naval Surveillance Radars
2) By Targeting Radars: Fire Control Radars, Weapon-Locating Radars, Tracking Radars
3) By Weather Sensing Radars: Doppler Radar, Precipitation Radar, Atmospheric Profiling Radar
4) By Navigational Radars: Marine Radar, Airport Surveillance Radar, Ground-Based Navigation Radars
5) By Mapping Radars: Synthetic Aperture Radar (SAR), Interferometric Radar, Ground Penetrating Radar (GPR)
6) By Other Types: Automotive Radar, Research And Experimental Radars, Spaceborne Radar Systems
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What Are the Primary Drivers Shaping the Radar Market?
The radar market is being driven by the growth of global seaborne trade. As more goods are transported by sea due to lower freight costs, the demand for radar technology increases for navigation, weather detection, and boat identification. The United Nations Conference on Trade and Development reported a 2.4% growth in maritime trade in 2023, driving radar market expansion.
Which Companies Are Leading in the Radar Market?
Major companies operating in the radar market include Lockheed Martin Corporation, BAE Systems plc, Saab AB, L3Harris Technologies Inc., Northrop Grumman Corporation, Raytheon Technologies Corporation., Thales Group, Leonardo S.p.A.,Rheinmetall AG, General Dynamics Corporation, Airbus SE, Honeywell International Inc., Israel Aerospace Industries Ltd., Mitsubishi Electric Corporation, Kelvin Hughes Limited, SRC Inc., ASELSAN Elektronik Sanayi ve Ticaret A.S., Terma A/S, RADA Electronic Industries Ltd., HENSOLDT UK, ELTA Systems Ltd., Mercury Systems Inc., Reutech Radar Systems (Pty) Ltd., DeTect Inc., DRS Technologies Inc., Echodyne Corporation, Blighter Surveillance Systems, Robin Radar Systems B.V.
What Trends Are Driving Growth in The Radar Market?
Companies in the radar market are introducing hemispheric radar technology, which offers a 360-degree field of view. This enhances situational awareness and detection capabilities, particularly in defense, aviation, and maritime sectors. In October 2024, Numerica Corp. introduced Spark, a wideband hemispheric radar designed to enhance military capabilities, especially for countering uncrewed aircraft systems and air defense challenges.
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What Are the Top Revenue-Generating Geographies in the Radar Market?
The countries covered in the radar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Radar Market?
2. What is the CAGR expected in the Radar Market?
3. What Are the Key Innovations Transforming the Radar Industry?
4. Which Region Is Leading the Radar Market?
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The key players covered in this study…
