Market Research Report
Radar Systems Market Forecasts to 2028 - Global Analysis By Platform (Marine, Air, Space), Component (Receiver, Duplexer), Type, Application, and By Geography
|Radar Systems Market Forecasts to 2028 - Global Analysis By Platform (Marine, Air, Space), Component (Receiver, Duplexer), Type, Application, and By Geography|
Published: May 1, 2022
Stratistics Market Research Consulting
Content info: 200+ Pages
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According to Stratistics MRC, the Global Radar Systems Market is accounted for $33.78 billion in 2021 and is expected to reach $53.54 billion by 2028 growing at a CAGR of 6.8% during the forecast period. Radar is an electromagnetic system, which detects the location and distance of objects and uses radio waves to determine the spread, angle, and speed of an object, which falls within its radius. Radar comprises a transmitter to produce an electromagnetic signal, which is radiated into space by an antenna.
Growth of phased array solid-state radar
Phased-array radar offers accurate mapping of terrains as they are equipped with a large number of small radiating elements in the phased array antennas that are present in them. These antennas can focus the radar's radiation into high-energy pencil beams, which can be guided electronically without the requirement for physical movement of the antenna structure. Phased-array antennas have an advantage, as radar using them can schedule the transmission and reception beams according to specific operational modes.
Unavailability of radar solution to counter drones
Most drones are very small and cannot be detected by the radars unless the drones have ADS-B or a transponder installed onboard. In addition, increasing the adoption of private or commercial drones, radar systems are unable to handle such a large number of targets at the same time. The inbuilt filters display only more important targets to avoid overloading the system, and the rest is filtered out. The inability to detect drones and the rising adoption of miniature drones for surveillance purposes is expected to hamper the market growth.
Rise in adoption of unmanned aerial vehicles
Unmanned aerial vehicles are primarily used in the military domain, and used in the civilian domain as remote sensing tools. Many countries are developing UAVs for intelligence gathering, surveillance, and reconnaissance missions. These UAVs use various synthetic aperture radars for airborne mapping. The increasing adoption of lightweight combat UAVs equipped with solid-state radar is expected to create an opportunity for the market.
Stringent cross-border trading policies
Governments across regions are vigilant in authorizing the trade of defense equipment and technologies. Defense equipment manufacturers must comply with various rules and regulations pertaining to the sale of products & services laid down by the respective governments. Non-compliance with them can result in severe consequences, including the imposition of fines and penalties, termination of contracts, and civil or criminal investigation.
The automotive segment is expected to be the largest during the forecast period
The automotive segment is estimated to have a lucrative growth owing to the rise in the usage of the radar systems in the automotive industry as it enhances safety features in passenger cars and other transport systems accelerating the market growth. The equipment deployed in automotive helps in various applications, such as lane changing and cruise control.
The antenna segment is expected to have the highest CAGR during the forecast period
The antenna segment is anticipated to witness the fastest CAGR growth during the forecast period as antennas are used to radiate radio-frequency energy and are an essential component of radar as they are responsible for broadcasting the energy generated by the transmitter. They ensure that the radio frequency signal has the required pattern in space.
Region with highest share:
North America is projected to hold the largest market share during the forecast period due to the highest defense expenditure from the U.S., technological advancements in the Unmanned Vehicles for defense applications, and the procurement of advanced military radars.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to growing cross-border issues & geopolitical tensions in countries such as China-India, and India-Pakistan which has led to the increasing demand for advanced threat detection systems in the region.
Key players in the market
Some of the key players profiled in the Radar Systems Market include Telephonics Corp., Rockwell Collins, Inc. , Leonardo S.p.A., SAAB AB, NXP Semiconductors N.V., Mitsubishi Electric, Lockheed Martin, Raytheon Technologies , Israel Aerospace Industries Ltd., Infineon Technologies AG, Hensoldt AG, General Dynamics Corporation, BAE Systems, Inc., Airbus Defense and Space, Inc. , Thales Group and Northrop Grumman Corp.
In October 2021, Thales announced an airborne surveillance radar called the AirMaster C, which is capable of target detection and can be installed on fixed-wing aircraft, helicopters, and UAVs.
In March 2020, Northrop Grumman Corporation introduced a high mobility multipurpose wheeled vehicle (HAMMR), which is a short- to medium-range X-band three dimensional (3D) radar that utilizes the proven active electronically scanned array (AESA) AN/APG-83 F-16 fighter radar in a ground-based sense on-the-move role.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.