Report analyses the global radar market reached US$ 24,012.56 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 41,026.41 million by 2030. The market is growing at a CAGR of 5.8% during the forecast period (2023-2030). Demand from Defence and Space in North America is spiking. Competitive rivalry intensifies with Lockheed Martin Corporation, Saab AB, Rockwell Collins and others operating in the market.
The long-range segment is expected to hold more than 50% of the market share during the forecasted period and in North America, the U.S. is accounting for approximately 85% of the regional market share. The global radar market is experiencing substantial growth and is driven by increasing demand across various sectors. Radar technology plays a crucial role in detecting, tracking, and identifying objects in the air, on land, and at sea.
Metrics |
Details |
CAGR |
5.8% |
Size Available for Years |
2021-2030 |
Forecast Period |
2023-2030 |
Data Availability |
Value (US$) |
Segments Covered |
Range, Platform, Application and Region |
Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
Fastest Growing Region |
Asia-Pacific |
Largest Region |
North America |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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In recent years, there has been an increased focus on enhancing border security due to factors such as rising cross-border threats, illegal immigration, smuggling activities, and terrorist threats. Governments and defense organizations worldwide are investing in advanced radar systems to bolster their surveillance capabilities and ensure better border safety.
Additionally, the military sector is a significant contributor to the demand for radar systems. Modern military operations require reliable and sophisticated radar technologies for situational awareness, target detection, tracking, and threat assessment. Radars enable defense forces to monitor airspace, maritime domains, and land borders, helping them respond effectively to potential threats and maintain national security.
Radar systems rely on specific frequency bands for their operation. Spectrum allocation refers to the process of assigning and regulating the use of different frequency bands for various applications. However, in some cases, limited availability of spectrum or strict regulations on spectrum usage can impact the deployment and expansion of radar systems, particularly for certain applications such as automotive radar or drone surveillance.
The global radar market is segmented based on range, platform, application and region.
Long-range radar systems are crucial for detecting and tracking targets over extended distances, making them indispensable in various applications. In air defense, long-range radars are employed to detect and track incoming aircraft and missiles, enabling timely responses and threat assessment. These radar systems provide early warning capabilities, allowing air defense forces to take appropriate measures to protect airspace and national security.
The AN/TPS-77 is a long-range surveillance radar system that is widely used in air defense and border control applications. It provides long-range surveillance capabilities, allowing for the detection and tracking of aircraft, missiles, and other airborne targets. The AN/TPS-77 has been adopted by various countries globally, underscoring the demand for long-range radar systems in air defense and border security.
Application: DataM Intelligence Analysis (2023)
Tremendous investment in boosting the defense sector in North America has created significant market growth prospects for the radar business. The defense sector in North America, particularly in the U.S., has witnessed substantial investments in modernizing and enhancing defense capabilities, including radar systems. This has resulted in a favorable market environment for radar businesses in the region.
For instance, The AN/SPY-6 is an advanced, long-range surveillance radar developed by Raytheon Technologies for the United States Navy. It is a key component of the Aegis Combat System and is designed to detect and track multiple threats simultaneously, including ballistic missiles, aircraft, and surface vessels. The development and deployment of the AN/SPY-6 radar is part of the U.S. Navy's modernization efforts, driven by substantial investments in defense.
Application: DataM Intelligence Analysis (2023)
The major global players include ASELSAN A.S., Lockheed Martin Corporation, Saab AB, Rockwell Collins, Northrop Grumman Corporation, Thales Group, Raytheon Technologies Corporation, Hensoldt AG, L3Harris Technologies, Inc. and SRC, Inc.
By Range
By Platform
By Application
By Region
Why Purchase the Report?
The global radar market report would provide approximately 61 tables, 60 figures and 180 Pages.
Target Audience 2023
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