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Emerging Sub-Segments Transforming the Naval Radar Market Landscape
Naval Radar Market
Projected Expansion and Market Size of the Naval Radar Market
The naval radar market is forecasted to reach $16.49 billion by 2030, growing steadily at a compound annual growth rate (CAGR) of 4.4%. This increase is driven by several factors, including the integration of artificial intelligence (AI) and machine learning to improve target detection and tracking capabilities. There is also a rising preference for multi-function and phased-array radar systems, alongside growing investments in electronic warfare and radar countermeasures. The expansion of services such as maintenance, system upgrades, and customization further supports this growth. Additionally, there is an increasing trend toward adopting compact, lightweight radar systems tailored for smaller vessels and unmanned naval platforms. Key trends expected to shape this market include the widespread use of multi-function radar systems to boost operational efficiency, development of modular and upgradeable radar platforms for longer service life, growth in radar service offerings in emerging maritime defense markets, and heightened focus on reliability under challenging maritime conditions.
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Key Factors Propelling Growth in the Naval Radar Market
The adoption of AI and machine learning has significantly enhanced naval radar capabilities, allowing more precise target recognition and tracking even in complex environments. This technological advancement is encouraging navies worldwide to upgrade their radar systems.
Moreover, rising investment in electronic warfare and radar countermeasure technologies is improving the defensive and offensive capabilities of naval fleets, further driving market demand. These developments reflect a broader strategic focus on maritime security and advanced naval operations.
Prominent Companies Driving the Naval Radar Industry Forward
The naval radar market is dominated by several leading global players, including 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, and Wärtsilä SAM Electronics Gmbh.
A notable strategic move occurred in July 2023, when BAE Systems plc acquired Radio Frequency Systems Pty Ltd., an Australian company specializing in naval radar and communication systems. This acquisition aims to preserve Australia's sovereign capabilities in high-frequency radar and communications antenna design, reinforcing local innovation and defense technology independence.
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Emerging Trends Setting the Course for Naval Radar Advancements
Leading market players are prioritizing the integration of advanced imaging, automation features, and brushless DC motors in their radar systems to improve maritime safety and operational efficiency. Brushless DC motors, known for their improved efficiency and reduced maintenance needs due to electronic commutation, are becoming a preferred choice for enhancing radar reliability.
For example, in July 2024, Furuno USA, Inc. unveiled the FAR2XX8MK2 commercial radar series. This new line focuses on improving bridge operations with clearer radar images, simplified maintenance, ergonomic controls, and enhanced tracking capabilities. The inclusion of brushless DC motors in these systems extends operational uptime by minimizing maintenance frequency, thus reducing downtime and improving overall performance.
In-Depth Segment Breakdown of the Naval Radar Market
This report divides the naval radar market into key segments for a detailed understanding:
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
Further subcategories include:
- Naval Surveillance Radar: long-range, medium-range, short-range, air surveillance, and sea surveillance radars
- Naval Fire Control Radar: target tracking, gun fire control, missile fire control, and weapon guidance radars
- Naval Navigation Radar: surface navigation, collision avoidance, submarine navigation, and port and harbor navigation radars
Regional Outlook and Market Dynamics
While detailed regional information is not included here, the market is influenced by defense spending patterns and technological adoption across different maritime nations. Emerging markets are expected to increase radar service offerings, while established regions continue focusing on system upgrades and advanced capabilities, ensuring broad, ongoing growth within the naval radar industry.
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