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Radar System Market Size - By platform (Airborne Radar, Marine Radar, Land-Based Radar, Space-Based Radar, and Unmanned Vehicle Radar), by Type (Active Radar and Passive Radar), by Technology (Continuous Wave RADAR Systems and Pulsated Wave RADAR Systems), by Dimension (2D, 3D and 4D), by Frequency (Single Band and Multiband), by End-user (Defense and Military, Aviation, Maritime and Automotive) & Region – Global Forecasts 2024 - 2034

  • PUBLISHED ON
  • 2024-04-17
  • NO OF PAGES
  • 191
  • CATEGORY
  • Aerospace & Defense

Market Overview

The Radar System market is predicted to develop at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2034, when it is projected to reach USD 56,019.14 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 35,876.32 Million in 2024.


SOURCE: We Market Research

A radar system, which stands for Radio Detection and Ranging, is a technology that uses radio waves to detect the presence, location, speed, and direction of objects, whether stationary or moving. It works on the principle of sending out radio waves and then detecting the reflections or echoes from objects in the path of those waves. Radar systems come in various types and configurations, including primary radar (which emits its own signals), secondary radar (which relies on transponders on objects), passive radar (which uses existing signals), and others. They can also operate across different frequency bands, such as X-band, S-band, and C-band, each offering specific advantages depending on the application.

Market Scope

Report Attributes

Description

Market Size in 2024

USD 35,876.32 Million

Market Forecast in 2034

USD 56,019.14 Million

CAGR % 2024-2034

7.1%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Platform, By Type, By Technology, By Dimension, By Frequency, By End-user and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Radar System Industry: Dynamics & Restrains


Market opportunity:


 

We Market Research: Radar System Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.


Radar System Segmentation

Market- By Platform Analysis

By Platform, the Radar System Market is Categories into Airborne Radar, Marine Radar, Land-Based Radar, Space-Based Radar and Unmanned Vehicle Radar. The Airborne Radar segment accounts for the largest share of around 32% in 2024. These radars are integral components of military aircraft for surveillance, target detection, and tracking. Additionally, airborne radar systems are increasingly used in civilian applications such as weather monitoring, air traffic control, and surveillance for border security. Additionally, marine radar is a mature market but still holds a steady share due to its vital role in maritime navigation and safety.


The following segments are part of an in-depth analysis of the global Radar System market:

Market Segments

By Platform

·         Airborne Radar

·         Marine Radar

·         Land-Based Radar

·         Space-Based Radar

·         Unmanned Vehicle Radar

By  Type

·         Active Radar

·         Passive Radar

By Technology

·         Continuous Wave RADAR Systems

·         Pulsated Wave RADAR Systems

By Dimension

·         2D

·         3D

·         4D

By Frequency

·         Single Band

·         Multiband

By End-user

·         Defense and Military

·         Aviation

·         Maritime

·         Automotive

 

Radar System Industry: Regional Analysis

North America Market Forecast

North America dominate the Radar System Market with the highest revenue generating market with share of more than 40%. North America is a significant market for radar systems, driven primarily by defense spending in the United States and Canada. The region accounts for a substantial portion of global defense expenditure, leading to robust demand for radar systems for military applications such as surveillance, reconnaissance, and missile defense. Additionally, North America sees significant investments in civilian radar systems for applications such as weather monitoring, air traffic control, and border security.

          

Europe Market Statistics

Europe is another key market for radar systems, with countries like the United Kingdom, France, Germany, and Russia being major players in the defense sector. European defense initiatives, such as NATO collaborations and the European Defense Fund, drive procurement of radar systems for military modernization and interoperability. Moreover, European countries invest in radar technologies for civil applications, including maritime surveillance, weather forecasting, and disaster management.

Asia Pacific Market Forecasts

Asia Pacific is expected to be the fastest-growing regional segment of the Radar System market during the forecast period. The Asia Pacific region is fueled by rapid economic development and escalating defense budgets. Countries such as China, India, Japan, South Korea, and Australia are investing heavily in radar systems to enhance their military capabilities and address regional security challenges. Additionally, Asia Pacific countries are modernizing their infrastructure, driving demand for radar systems in areas such as air traffic management, maritime surveillance, and infrastructure monitoring

The Radar System Market is dominated by a few large companies, such as

·         Lockheed Martin Corporation

·         Raytheon Technologies Corporation

·         Northrop Grumman Corporation

·         Thales Group

·         Saab AB

·         BAE Systems plc

·         Leonardo S.p.A.

·         Hensoldt AG

·         Israel Aerospace Industries Ltd.

·         Airbus SE

·         L3Harris Technologies, Inc.

·         Mitsubishi Electric Corporation

·         Rheinmetall AG

·         Harris Corporation

·         Terma A/S

·         Other

1.      Global Radar System Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Radar System Market Scope and Market Estimation

1.2.1. Global Radar System Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2024 - 2034)

1.2.2. Global Radar System Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034

1.3.    Market Segmentation

1.3.1. Platform of Global Radar System Market

1.3.2. Frequency of Global Radar System Market

1.3.3. Dimension of Global Radar System Market

1.3.4. Type of Global Radar System Market

1.3.5. Technology of Global Radar System Market

1.3.6. End-user of Global Radar System Market

1.3.7. Region of Global Radar System Market

2.      Executive Summary

2.1.    Global Radar System Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Radar System Market Industry Development

2.2.    Market Dynamics

2.2.1. Drivers

2.2.2. Limitations

2.2.3. Opportunities

2.2.4. Impact Analysis of Drivers and Restraints

2.3.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.    Porter’s Five Forces Analysis

2.5.1. Bargaining Power of Suppliers

2.5.2. Bargaining Power of Buyers

2.5.3. Threat of Substitutes

2.5.4. Threat of New Entrants

2.5.5. Competitive Rivalry

2.6.    Value Chain / Ecosystem Analysis

2.7.    Russia-Ukraine War Impacts Analysis

2.8.    Economic Downturn Analysis

2.9.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Radar System Market Estimates & Historical Trend Analysis (2019 - 2023)

4.      Global Radar System Market Estimates & Forecast Trend Analysis, by Type

4.1.    Global Radar System Market Revenue (US$ Mn) Estimates and Forecasts, by Type, 2019 - 2034

4.1.1. Active Radar

4.1.2. Passive Radar

5.      Global Radar System Market Estimates & Forecast Trend Analysis, by Platform

5.1.    Global Radar System Market Revenue (US$ Mn) Estimates and Forecasts, by Platform, 2019 - 2034

5.1.1. Airborne Radar

5.1.2. Marine Radar

5.1.3. Land-Based Radar

5.1.4. Space-Based Radar

5.1.5. Unmanned Vehicle Radar

6.      Global Radar System Market Estimates & Forecast Trend Analysis, by Technology

6.1.    Global Radar System Market Revenue (US$ Mn) Estimates and Forecasts, by Technology, 2019 - 2034

6.1.1. Continuous Wave RADAR Systems

6.1.2. Pulsated Wave RADAR Systems

7.      Global Radar System Market Estimates & Forecast Trend Analysis, by Dimension

7.1.    Global Radar System Market Revenue (US$ Mn) Estimates and Forecasts, by Dimension, 2019 - 2034

7.1.1. 2D

7.1.2. 3D

7.1.3. 4D

8.      Global Radar System Market Estimates & Forecast Trend Analysis, by Frequency

8.1.    Global Radar System Market Revenue (US$ Mn) Estimates and Forecasts, by Frequency, 2019 - 2034

8.1.1. Single Band

8.1.2. Multiband

9.      Global Radar System Market Estimates & Forecast Trend Analysis, by End-user

9.1.    Global Radar System Market Revenue (US$ Mn) Estimates and Forecasts, by End-user, 2019 - 2034

9.1.1. Defense and Military

9.1.2. Aviation

9.1.3. Maritime

9.1.4. Automotive

10.  Global Radar System Market Estimates & Forecast Trend Analysis, by Region

10.1.                     Global Radar System Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 - 2034

10.1.1.   North America

10.1.2.   Europe

10.1.3.   Asia Pacific

10.1.4.   Middle East & Africa

10.1.5.   South America

11.  North America Radar System Market: Estimates & Forecast Trend Analysis

11.1.      North America Radar System Market Assessments & Key Findings

11.1.1.   North America Radar System Market Introduction

11.1.2.   North America Radar System Market Size Estimates and Forecast (US$ Million) (2019 - 2034)

11.1.2.1.    By Type

11.1.2.2.    By Platform

11.1.2.3.    By Technology

11.1.2.4.    By Dimension

11.1.2.5.    By Frequency

11.1.2.6.    By End-user

11.1.2.7.    By Country

11.1.2.7.1. The U.S.

11.1.2.7.2. Canada

11.1.2.7.3. Mexico

12.  Europe Radar System Market: Estimates & Forecast Trend Analysis

12.1.  Europe Radar System Market Assessments & Key Findings

12.1.1.   Europe Radar System Market Introduction

12.1.2.   Europe Radar System Market Size Estimates and Forecast (US$ Million) (2019 - 2034)

12.1.2.1.    By Type

12.1.2.2.    By Platform

12.1.2.3.    By Technology

12.1.2.4.    By Dimension

12.1.2.5.    By Frequency

12.1.2.6.    By End-user

12.1.2.7.    By Country

12.1.2.7.1. Germany

12.1.2.7.2. U.K.

12.1.2.7.3. France

12.1.2.7.4. Italy

12.1.2.7.5. Spain

12.1.2.7.6. Russia

12.1.2.7.7. Rest of Europe

13.  Asia Pacific Radar System Market: Estimates & Forecast Trend Analysis

13.1.  Asia Pacific Market Assessments & Key Findings

13.1.1.   Asia Pacific Radar System Market Introduction

13.1.2.   Asia Pacific Radar System Market Size Estimates and Forecast (US$ Million) (2019 - 2034)

13.1.2.1.    By Type

13.1.2.2.    By Platform

13.1.2.3.    By Technology

13.1.2.4.    By Dimension

13.1.2.5.    By Frequency

13.1.2.6.    By End-user

13.1.2.7.    By Country

13.1.2.7.1. China

13.1.2.7.2. Japan

13.1.2.7.3. India

13.1.2.7.4. Australia

13.1.2.7.5. South Korea

13.1.2.7.6. ASEAN

13.1.2.7.7. Rest of Asia Pacific

14.  Middle East & Africa Radar System Market: Estimates & Forecast Trend Analysis

14.1.  Middle East & Africa Market Assessments & Key Findings

14.1.1.   Middle East & Africa Radar System Market Introduction

14.1.2.   Middle East & Africa Radar System Market Size Estimates and Forecast (US$ Million) (2019 - 2034)

14.1.2.1.    By Type

14.1.2.2.    By Platform

14.1.2.3.    By Technology

14.1.2.4.    By Dimension

14.1.2.5.    By Frequency

14.1.2.6.    By End-user

14.1.2.7.    By Country

14.1.2.7.1. U.A.E.

14.1.2.7.2. Saudi Arabia

14.1.2.7.3. Egypt

14.1.2.7.4. South Africa

14.1.2.7.5. Rest of Middle East & Africa

15.  South America Radar System Market: Estimates & Forecast Trend Analysis

15.1.  South America Market Assessments & Key Findings

15.1.1.   South America Radar System Market Introduction

15.1.2.   South America Radar System Market Size Estimates and Forecast (US$ Million) (2019 - 2034)

15.1.2.1.    By Type

15.1.2.2.    By Platform

15.1.2.3.    By Technology

15.1.2.4.    By Dimension

15.1.2.5.    By Frequency

15.1.2.6.    By End-user

15.1.2.7.    By Country

15.1.2.7.1. Brazil

15.1.2.7.2. Argentina

15.1.2.7.3. Colombia

15.1.2.7.4. Rest of South America

16.  Competition Landscape

16.1.  Global Radar System Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

16.2.  Global Radar System Market Competition White Space Analysis, By End-user

16.3.  Global Radar System Market Competition Heat Map Analysis, By End-user

16.4.  Global Radar System Market Concentration & Company Market Shares (%) Analysis, 2023

17.  Company Profiles

17.1.                     Lockheed Martin Corporation

17.1.1.   Company Overview & Key Stats

17.1.2.   Financial Performance & KPIs

17.1.3.   Product Portfolio

17.1.4.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

17.2.      Raytheon Technologies Corporation

17.3.      Northrop Grumman Corporation

17.4.      Thales Group

17.5.      Saab AB

17.6.      BAE Systems plc

17.7.      Leonardo S.p.A.

17.8.      Hensoldt AG

17.9.      Israel Aerospace Industries Ltd.

17.10.  Airbus SE

17.11.  L3Harris Technologies, Inc.

17.12.  Mitsubishi Electric Corporation

17.13.  Rheinmetall AG

17.14.  Harris Corporation

17.15.  Terma A/S

17.16.  Others

18.  Research Methodology

18.1.  External Transportations / Databases

18.2.  Internal Proprietary Database

18.3.  Primary Research

18.4.  Secondary Research

18.5.  Assumptions

18.6.  Limitations

18.7.  Report FAQs

19.  Research Findings & Conclusion

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Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Radar System Market in 2024?

Radar System Market was valued at USD 35,876.32 Million in 2024.

What is the growth rate for the Radar System Market?

Radar System Market size will increase at approximate CAGR of 4.8% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Radar System Market Are Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman Corporation, Thales Group, Saab AB, BAE Systems plc, Leonardo S.p.A., Hensoldt AG and Other.

Which region dominates the Radar System Market?

North America dominates the market with an active share of 40%.

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