Autonomous Vehicles On The Radar Systems And Technology Market: Core Growth Enabler in the Radar Systems And Technology Market, 2025

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What Will the Radar Systems And Technology Industry Market Size Be by 2025?
In recent times, the radar systems and technology market has seen significant expansion. The market, valued at $22.01 billion in 2024, is projected to increase to $23.27 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.8%. This growth during the historical period is influenced by the growing demand to minimize runway incursions, an upsurge in the usage of passive radars, mounting demand in the active electronically scanned array (AESA), a call for boosted security, and integration of radars with GPS.

What's the Long-Term Growth Forecast for the Radar Systems And Technology Market Size Through 2029?
In the forthcoming years, the radar systems and technology market size is projected to undergo steady expansion, reaching a value of $27.68 billion in 2029 with a 4.4% compound annual growth rate (CAGR). This anticipated growth during the forecast period is likely due to increased demand for self-driving cars, escalated need for improved surveillance, security, and situational awareness, augmented defense budgets of multiple nations, expanding use of radar systems, and the growing necessity for radar systems in military and defense sectors. Notable trend indicators for the forecast period consist of technological progression, improvements in signal processing, and data examination techniques, amalgamation of radar systems with additional sensors and technologies, the establishment of brand new airports and terminal development, and advancements in signal processing.

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What Are the Key Growth Drivers Fueling the Radar Systems And Technology Market Expansion?
Advancements in the radar systems and technology market are being driven by increasing interest in autonomous vehicles. These self-driving vehicles utilize advanced sensor technology, artificial intelligence (AI), and machine learning to enhance road safety by reducing the likelihood of human error. Crucially, radar systems and technology assist autonomous vehicles in identifying obstacles, gauging distances, assessing speeds, and safely navigating through traffic by supplying crucial data for collision prevention and adaptive driving functions. A December 2022 report from the US-based Insurance Institute for Highway Safety projected that by 2025, the number of autonomous vehicles on American roads would reach 3.5 million. By 2030, this number is expected to increase to 4.5 million. Hence, the burgeoning demand for self-driving cars underpins the growth trajectory of the radar systems and technology market.

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What Are the Key Trends Driving Radar Systems And Technology Market Growth?
The radar system and technology market is dominated by leading firms that focus on promoting advanced innovative solutions like 4D digital imaging radar, to stay competitive and cater to the changing market needs. This progressive sensor technology entails high resolution and long-range capacity, adding vertical details to usual radar systems, which aids in more efficient detection and categorization of objects. As an illustration, Uhnder Inc., an American firm that specializes in creating digital automotive radar-on-chip, launched a 4D digital imaging radar in March 2022. This specific radar, named S80, is aimed for advanced driver assistance systems (ADAS), autonomous vehicles (AVs), and automated mobility applications of the future. Compared to ordinary analog radar systems, the S80 has increased resolution, power on target, and contrast. It aims to enhance the detection abilities of ADAS and autonomous vehicles, while being compliant with high automotive standards through its software-defined nature. Furthermore, this inventive technology tackles hurdles that traditional radar systems face, which include limited object classification capability, poor performance under extreme conditions, and the issue of interference resulting from overlapping radar deployment.

How Is the Radar Systems And Technology Market Segmented?
The radar systems and technology market covered in this report is segmented -

1) By Type: Ground-Based Radar Systems, Airborne Radar Systems, Naval Radar Systems
2) By Sales Channel: Direct Channel, Distribution Channel
3) By Application: Automotive, Industrial, Medical, Military And Defense, Other Applications

Subsegments:
1) By Ground-Based Radar Systems: Air Defense Radar, Weather Radar, Surveillance Radar, Ground Surveillance Radar, Border Security Radar, Traffic Control Radar, Other Ground-Based Radar Systems
2) By Airborne Radar Systems: Weather Radar, Navigation Radar, Surveillance Radar, Ground-Penetrating Radar, Collision Avoidance Radar, Airborne Early Warning Radar, Other Airborne Radar Systems
3) By Naval Radar Systems: Navigation Radar, Fire Control Radar, Surveillance and Targeting Radar, Anti-Submarine Warfare Radar, Weather Radar, Tactical Radar, Other Naval Radar Systems

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Which Companies Are Leading the Charge in Radar Systems And Technology Market Innovation?
Major companies operating in the radar systems and technology market are RTX Corporation, Lockheed Martin Corporation, Airbus SE, General Dynamics, Northrop Grumman Corporation, Mitsubishi Electric Corporation, BAE Systems Plc, Thales Group, L3Harris Technologies Inc., Leonardo SpA, Infineon Technologies AG, NXP Semiconductors NV, Rockwell Collins Inc., Harris Corporation, Rheinmetall AG, Saab AB, Indra Sistemas SA, Israel Aerospace Industries, Aselsan A.S., Hensoldt AG, Terma A/S, RADA Electronic Industries Ltd., Honeywell International Inc., Reutech Radar Systems, Kelvin Hughes Limited, Cambridge Consultant, Tactical Solutions, Telephonics Corp.

Which Regions Are Leading the Global Radar Systems And Technology Market in Revenue?
North America was the largest region in the radar systems and technology market in 2024. The regions covered in the radar systems and technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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