Radar Systems Market
Radar Systems Market Size, Share & Trends Analysis Report, By Type (Ground-Based, Naval, Airborne, and Space-Based), By Application (Air Traffic Control, Remote Sensing, Ground Traffic Control, and Space Navigation & Control), Forecast Period (2022-2028). Update Available - Forecast 2024-2030
Radar systems market is expected to grow at a CAGR of 4.5% during the forecast period. Radar is an electromagnetic detection system which detects the location and distance of objects by using radio waves and also determines the distance, angle, and speed of an object that falls within its radius. It can detect ships, aircraft, guided missiles, weather formations, and others. Factors such as the increasing adoption of radar systems in defense and commercial aircraft, airport surveillance, unmanned vehicles, marine vessels, satellites, weather stations, and others are contributing to the growth of the global radar systems market. It is significantly used in the defense sector as it supports detecting air, land, and sea threats, such as missiles, ships, aircraft, and spacecraft.
Impact of COVID-19 Pandemic on the Global Radar Systems Market
COVID-19 has impacted almost every industry drastically across the globe. The defense industry continues to operate despite the global pandemic and still has strong demand from clients. Owing to the international border lockdown and there was a barrier between import and export business which affected the suppliers and buyers. Production also suffered from this as the workforce decreased due to the pandemic.
Segmental Outlook
The global radar systems market is segmented based on the type and application. Based on the type, the market is segmented into ground-based, naval, airborne, and space-based. Based on the application, the market is segmented into air traffic control, remote sensing, ground traffic control, and space navigation & control. Based on application, the remote sensing segment is estimated to drive market growth across the globe.
Airborne Segment to Witness Significant Share in the Market During the Forecast Period.
Based on type the airborne segment is anticipated to hold a significant share in the global radar systems market during the forecast period. The rising conflicts between several neighbouring countries and rising concerns related to air defense are contributing to the growth of the airborne segment. Factors such as air traffic control, border safety, navigation, aviation safety, and protection are some major attributing to the growth of the segment.
Regional Outlook
The global radar systems market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). North America holds a prominent share in the market owing to the high defense expenditure by the US government for national security concerns, which in turn, is boosting the demand for radar systems in the region. According to the Department of Defense (DOD) US, the DOD has requested a budget of $773 billion for the financial year 2023, which is 4.1% more than the financial year 2022. The market can be analyzed for a particular region or country level as per the requirement.
Global Radar Systems Market Growth, by Region 2022-2028
Asia-Pacific to Witness Considerable Share in the Global Radar Systems Market During the Forecast Period.
Asia-Pacific is expected to grow with the fastest CAGR in the global radar systems market during the forecast period. The rise in border disputes and political tension between the neighbouring countries are driving the demand for radar systems across the region. The rising disputes between India-China, India-Pakistan, and other neighbouring countries are supporting to drive the adoption of radar systems. Defense budgets also increasing in these regions due to national security reasons. According to Delhi Policy Group, India’s defense expenditure for 2021-2022 was $49.6 billion as compared to $3.4 billion in 2020-2021.
Market Players Outlook
The major companies operating in the global radar systems market include BAE Systems plc, Lockheed Martin Corp., General Dynamics Corp., SAAB AB, and Northrop Grumman Corp. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in August 2020, BAE Systems plc. acquired Techmodal Ltd. This acquisition will support BAE Systems plc. to further increase the expertise in data analytics, data science, and digital transformation which will support the royal navy and UK’s armed forces and customers around the world.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global radar systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Radar Systems Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. BAE Systems plc
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Lockheed Martin Corp.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. General Dynamics Corporation
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. SAAB AB
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Northrop Grumman Corp.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Radar Systems Market by Type
4.1.1. Ground based
4.1.2. Naval
4.1.3. Airborne
4.1.4. Space based
4.2. Global Radar Systems Market by Application
4.2.1. Air Traffic Control
4.2.2. Remote Sensing
4.2.3. Ground Traffic Control
4.2.4. Space Navigation & Control
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Airbus SE
6.2. Elbit Systems
6.3. Garmin Ltd.
6.4. General Dynamics Corp.
6.5. Honeywell International Inc.
6.6. Infineon Technologies AG
6.7. Israel Aerospace Industries Ltd.
6.8. L3Harris Technologies
6.9. Leonardo S.p.A.
6.10. Mitsubishi Electric Corp.
6.11. NXP Semiconductors N.V.
6.12. Raytheon Technologies Corp
6.13. Rockwell Collins, Inc.
6.14. SRC Inc.
6.15. Thales S.A.
1. GLOBAL RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL GROUND BASED RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL NAVAL RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL AIRBORNE RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL SPACE BASED RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
7. GLOBAL RADAR SYSTEMS FOR AIR TRAFFIC CONTROL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL RADAR SYSTEMS FOR REMOTE SENSING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL RADAR SYSTEMS FOR GROUND TRAFFIC CONTROL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL RADAR SYSTEMS FOR SPACE NAVIGATION & CONTROL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
15. EUROPEAN RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
17. EUROPEAN RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. REST OF THE WORLD RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. REST OF THE WORLD RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
23. REST OF THE WORLD RADAR SYSTEMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL RADAR SYSTEMS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL GROUND BASED RADAR SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
3. GLOBAL NAVAL RADAR SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL AIRBORNE RADAR SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
5. GLOBAL SPACE BASED RADAR SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL RADAR SYSTEMS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
7. GLOBAL RADAR SYSTEMS FOR AIR TRAFFIC CONTROL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL RADAR SYSTEMS FOR REMOTE SENSING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL RADAR SYSTEMS FOR GROUND TRAFFIC CONTROL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL RADAR SYSTEMS FOR SPACE NAVIGATION & CONTROL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL RADAR SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. US RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
13. CANADA RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
14. UK RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
15. FRANCE RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
16. GERMANY RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
17. ITALY RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
18. SPAIN RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
19. REST OF EUROPE RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
20. INDIA RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
21. CHINA RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
22. JAPAN RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
23. SOUTH KOREA RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF ASIA-PACIFIC RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD RADAR SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
