Press release
In-Depth Analysis of the Radar Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
What Are the Projected Growth and Market Size Trends for the Radar Market?
In the past few years, the radar market has demonstrated robust growth. Its size is predicted to increase from $37.95 billion in 2024 to $40.5 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.7%. This growth during the historic period can be credited to advancements in military technology, upgrades in air traffic control (ATC), improvements in weather monitoring and prediction, enhanced maritime security, and the utilization of automotive radar for collision avoidance.
In the coming years, the radar market is projected to experience significant expansion. It's estimated to reach a value of $51.65 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.3%. The growth during this forecast period can be credited to advancements in military radar systems, the spread of 5G networks, environmental tracking systems, the inclusion of autonomous vehicles, and monitoring of space debris. Key trends forecasted for this period include radar system cybersecurity, the shrinking size of radar systems, the blending of artificial intelligence, swift prototyping and development, and the use of Frequency Modulated Continuous Wave (FM-CW) radar.
What Is Driving the Growth Trajectory of the Radar Market?
The upswing in global seaborne commerce is an accelerating factor for the radar market's growth. The seaborne sector continues to escalate, resulting in reduced freight charges for customers and businesses across the globe. Goods through seaborne commerce are transported in containers and tankers by sea, facilitating the conveyance of large quantities of goods at a minimal expense. This affordable and efficient means of transport has led to a surge in using the ocean for the exchange of commodities and services, leading to a boost in demand for radar, assisting in navigation, landmass identification, detecting vessels, birds, and weather conditions. For example, as per the United Nations Conference on Trade and Development (UNCTD), an intergovernmental association based in Switzerland, there was a 2.4% jump in the international maritime commerce in 2023, reaching 12.3 billion tons, signifying a rebound from the slump seen in 2022. Hence, the rise in seaborne trade will propel the radar market.
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Which Leading Companies Are Shaping the Growth of the Radar Market?
Major companies operating in the radar market include Lockheed Martin Corporation, BAE Systems plc, Saab AB, L3Harris Technologies Inc., Northrop Grumman Corporation, Raytheon Technologies Corporation., Thales Group, Leonardo S.p.A.,Rheinmetall AG, General Dynamics Corporation, Airbus SE, Honeywell International Inc., Israel Aerospace Industries Ltd., Mitsubishi Electric Corporation, Kelvin Hughes Limited, SRC Inc., ASELSAN Elektronik Sanayi ve Ticaret A.S., Terma A/S, RADA Electronic Industries Ltd., HENSOLDT UK, ELTA Systems Ltd., Mercury Systems Inc., Reutech Radar Systems (Pty) Ltd., DeTect Inc., DRS Technologies Inc., Echodyne Corporation, Blighter Surveillance Systems, Robin Radar Systems B.V.
What Are the Major Trends Shaping the Radar Market?
Leading firms in the radar market are concentrating on launching hemispheric radar technology. This advanced radar system offers a complete 360-degree field of view, thus improving situational awareness and detection abilities across various sectors such as defense, aviation, and maritime. For example, the US-based defense manufacturing company, Numerica Corp., launched Spark in October 2024. This is a cutting-edge wideband hemispheric radar tailored to enhance military capabilities, primarily focusing on uncrewed aircraft systems (UAS), short-range air defense (SHORAD), and Active Protection Systems (APS). This software-defined radar platform offers a flexible solution for modern defense forces to efficiently tackle the evolving air defense challenges.
What Are the Key Segments of the Radar Market?
The radar market covered in this report is segmented -
1) By Type: Detection And Search, Targeting Radars, Weather Sensing Radars, Navigational Radars, Mapping Radars, Other Types
2) By Component: Antenna, Transmitter, Receiver, Other Components
3) By Range: Long, Medium, Short
4) By End Use: Military, Aviation, Weather Forecast, Ground Traffic Control, Others End Uses
Subsegments:
1) By Detection And Search: Airborne Early Warning Radars, Ground-Based Surveillance Radars, Naval Surveillance Radars
2) By Targeting Radars: Fire Control Radars, Weapon-Locating Radars, Tracking Radars
3) By Weather Sensing Radars: Doppler Radar, Precipitation Radar, Atmospheric Profiling Radar
4) By Navigational Radars: Marine Radar, Airport Surveillance Radar, Ground-Based Navigation Radars
5) By Mapping Radars: Synthetic Aperture Radar (SAR), Interferometric Radar, Ground Penetrating Radar (GPR)
6) By Other Types: Automotive Radar, Research And Experimental Radars, Spaceborne Radar Systems
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https://www.thebusinessresearchcompany.com/report/radar-global-market-report
Which Region Dominates the Radar Market?
The countries covered in the radar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Is Covered In The Radar Global Market Report?
- Market Size Analysis: Analyze the Radar Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Radar Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Radar Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Radar Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7761
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
In the past few years, the radar market has demonstrated robust growth. Its size is predicted to increase from $37.95 billion in 2024 to $40.5 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.7%. This growth during the historic period can be credited to advancements in military technology, upgrades in air traffic control (ATC), improvements in weather monitoring and prediction, enhanced maritime security, and the utilization of automotive radar for collision avoidance.
In the coming years, the radar market is projected to experience significant expansion. It's estimated to reach a value of $51.65 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.3%. The growth during this forecast period can be credited to advancements in military radar systems, the spread of 5G networks, environmental tracking systems, the inclusion of autonomous vehicles, and monitoring of space debris. Key trends forecasted for this period include radar system cybersecurity, the shrinking size of radar systems, the blending of artificial intelligence, swift prototyping and development, and the use of Frequency Modulated Continuous Wave (FM-CW) radar.
What Is Driving the Growth Trajectory of the Radar Market?
The upswing in global seaborne commerce is an accelerating factor for the radar market's growth. The seaborne sector continues to escalate, resulting in reduced freight charges for customers and businesses across the globe. Goods through seaborne commerce are transported in containers and tankers by sea, facilitating the conveyance of large quantities of goods at a minimal expense. This affordable and efficient means of transport has led to a surge in using the ocean for the exchange of commodities and services, leading to a boost in demand for radar, assisting in navigation, landmass identification, detecting vessels, birds, and weather conditions. For example, as per the United Nations Conference on Trade and Development (UNCTD), an intergovernmental association based in Switzerland, there was a 2.4% jump in the international maritime commerce in 2023, reaching 12.3 billion tons, signifying a rebound from the slump seen in 2022. Hence, the rise in seaborne trade will propel the radar market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7761&type=smp
Which Leading Companies Are Shaping the Growth of the Radar Market?
Major companies operating in the radar market include Lockheed Martin Corporation, BAE Systems plc, Saab AB, L3Harris Technologies Inc., Northrop Grumman Corporation, Raytheon Technologies Corporation., Thales Group, Leonardo S.p.A.,Rheinmetall AG, General Dynamics Corporation, Airbus SE, Honeywell International Inc., Israel Aerospace Industries Ltd., Mitsubishi Electric Corporation, Kelvin Hughes Limited, SRC Inc., ASELSAN Elektronik Sanayi ve Ticaret A.S., Terma A/S, RADA Electronic Industries Ltd., HENSOLDT UK, ELTA Systems Ltd., Mercury Systems Inc., Reutech Radar Systems (Pty) Ltd., DeTect Inc., DRS Technologies Inc., Echodyne Corporation, Blighter Surveillance Systems, Robin Radar Systems B.V.
What Are the Major Trends Shaping the Radar Market?
Leading firms in the radar market are concentrating on launching hemispheric radar technology. This advanced radar system offers a complete 360-degree field of view, thus improving situational awareness and detection abilities across various sectors such as defense, aviation, and maritime. For example, the US-based defense manufacturing company, Numerica Corp., launched Spark in October 2024. This is a cutting-edge wideband hemispheric radar tailored to enhance military capabilities, primarily focusing on uncrewed aircraft systems (UAS), short-range air defense (SHORAD), and Active Protection Systems (APS). This software-defined radar platform offers a flexible solution for modern defense forces to efficiently tackle the evolving air defense challenges.
What Are the Key Segments of the Radar Market?
The radar market covered in this report is segmented -
1) By Type: Detection And Search, Targeting Radars, Weather Sensing Radars, Navigational Radars, Mapping Radars, Other Types
2) By Component: Antenna, Transmitter, Receiver, Other Components
3) By Range: Long, Medium, Short
4) By End Use: Military, Aviation, Weather Forecast, Ground Traffic Control, Others End Uses
Subsegments:
1) By Detection And Search: Airborne Early Warning Radars, Ground-Based Surveillance Radars, Naval Surveillance Radars
2) By Targeting Radars: Fire Control Radars, Weapon-Locating Radars, Tracking Radars
3) By Weather Sensing Radars: Doppler Radar, Precipitation Radar, Atmospheric Profiling Radar
4) By Navigational Radars: Marine Radar, Airport Surveillance Radar, Ground-Based Navigation Radars
5) By Mapping Radars: Synthetic Aperture Radar (SAR), Interferometric Radar, Ground Penetrating Radar (GPR)
6) By Other Types: Automotive Radar, Research And Experimental Radars, Spaceborne Radar Systems
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/radar-global-market-report
Which Region Dominates the Radar Market?
The countries covered in the radar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Is Covered In The Radar Global Market Report?
- Market Size Analysis: Analyze the Radar Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Radar Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Radar Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Radar Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7761
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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