Global Radar Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

“Global Radar Market” is an upcoming market research report, which is under process at MarketResearch.biz. In order to ensure the accuracy of research findings and conclusions, extensive primary and secondary researches are conducted. In the report, various data and information on the global radar market such as growth opportunities, revenue opportunities and details, major trends and drivers, competitive landscape, details on key players, and restraints are included in detail. Research results and findings are verified by industry experts before we include it in the report. The report is segmented on basis of component, service, platform, frequency, range, end-use, and regions and countries.

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Overview

Radar, the well-known detection system, uses radio waves for determining the angle, range, or velocity of different objects. It is generally used to detect ships, aircraft, guided missiles, spacecraft, weather formations, motor vehicles, and terrain.

Dynamics

Radar-based equipment is employed in the defence sector as prominent security equipment across all countries.  Although radar-based equipment is developed primarily for military and defence purposes, they are also used extensively in marine, air traffic, aircraft anti-collision systems, and meteorological monitoring. Technological proliferation, which is leading to development of lightweight radars, is the key factor driving growth of the global radar market. Radar systems, which help to deal with security issues, are used for digital signal processing. Other factors projected to further drive growth of the market are increasing security and safety concerns and increase in defence budgets. Moreover, the arrival of new terminals and airports around the globe is projected to drive growth of the global radar market over the forecast period. Also, increasing border infiltrations, inter-country conflicts, and terrorist activities are significantly influencing growth of the market. Demand for radar has been increasing due to growing adoption of radar in railways, airplanes, and automobiles. The main advantages of deploying radars for detection include long-range detection, resistance to extreme weather conditions, and flexible mounting. However, technical incompatibilities, poor sensitivity of radar, and higher receiver noise are expected to restrain growth of the market over the forecast period. Technological advancements and innovations, current geopolitical scenarios in both developed and developing economies, and increasing defense budget are projected to create growth opportunities for key players in the global radar market over the forecast period.

Global Radar Market Segment Analysis:

By Component: Among the component segments, the antenna segment accounts for highest revenue share in the global radar market and this is expected to continue over the forecast period. This can be attributed to increasing demand for digital signal processing around the globe. In addition, demand for antennas has been increasing owing to increasing deployments of radar systems globally.

By Service: The installation/integration segment among the service segments is projected to contribute highest revenue share in the global market over the forecast period. This growth can be attributed to rising demand for radar mounting in airplanes and specialized vehicles.

By Platform: Among the platform segments, the airborne segment is projected to contribute highest revenue share over the forecast period, which can be attributed to its need in aircraft to perform highly sensitive missions.

Global Radar Market Regional Analysis:

Among the regions, North America is projected to account for highest revenue share owing to its increasing need in defense in the region. Asia Pacific is expected to contribute second-highest revenue share over the forecast period. This can be attributed to presence of manufacturing bases, several SMEs, increasing radar technology adoption, and rising sea trade in the region.

Global Radar Market Segmentation: 

By Component:

• Antenna
• Transmitter
• Receiver
• Others

By Service:

• Installation/Integration
• Support & Maintenance
• Training & Consulting

By Platform:

• Ground-based
• Naval
• Airborne
• Space-based

By Frequency:

• L-band
• S-band
• C-band
• X-band
• Ku-band
• Ka-band
• Others

By Range:

• Long
• Medium
• Short

By End-use:

• Military Applications
• Air Traffic Control
• Remote Sensing
• Ground Traffic Control
• Others

 By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Lockheed Martin Corporation
• Collins Aerospace
• Saab AB
• Honeywell International Inc.
• General Dynamics Corporation
• BAE Systems
• Northrop Grumman Corporation
• Raytheon Company
• Thales Group