Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Radar Market Size Expected to Grow from USD 35.96 Billion in 2023 to USD 84.61 Billion by 2033, at a CAGR of 8.93% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Radar Market Size, Share, and COVID-19 Impact Analysis, By Range (Short-Range Radar, Medium-Range Radar, and Long-Range Radar), By Application (Air Traffic Control, Remote Sensing, Ground Traffic Control, Space Navigation and Control, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The radar industry refers to the business dedicated to the creation, manufacturing, and implementation of radar systems designed for detection, tracking, and monitoring purposes. Radar or Radio Detection and Ranging is broadly applied to military, aircraft, marine, car, meteorology, and infrastructural utilization as it utilizes the principle of emitting radio waves and measuring how they bounce back to deduce the range, velocity, and direction of the object in space. Moreover, Global defense and military spending is driving the radar market, as countries spend heavily on advanced radars for surveillance, missile detection, and border security. The demand for autonomous vehicles and ADAS is raising the bar for greater adoption of radars in the automobile sector. There is also a rising need for accurate weather forecasting, enhancing the growth of this market. Technological advancements such as solid-state and phased-array radar improve efficiency and performance. Growing applications in air traffic control and maritime navigation further propel the market. However, the radar market has high initial costs, complex integration, and the need for specialized expertise. Regulatory restrictions and data privacy concerns also limit the growth and adoption of the market.
The long-range radar segment accounted for the largest share of the global radar market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of range, the global radar market is divided into short-range radar, medium-range radar, and long-range radar. Among these, the long-range radar segment accounted for the largest share of the global Radar market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is because the application of radars has become widespread in the defense, aviation, and automotive industries. Their higher range and accuracy coverage are necessary for surveillance, navigation, and safety systems. Their dominance in the market is fueled by their ability to detect objects at significant distances.
The air traffic control segment accounted for a substantial share of the global radar market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of application, the global radar market is divided into air traffic control, remote sensing, ground traffic control, space navigation and control, and others. Among these, the air traffic control segment accounted for a substantial share of the global radar market in 2023 and is anticipated to grow at a rapid pace during the projected period. The segmental growth due to the growing demand for advanced radar systems to manage air traffic safely and efficiently. Increased air travel and the need for accurate tracking, collision avoidance, and airspace management drive this sector's growth.
North America is projected to hold the largest share of the global radar market over the projected period.
North America is projected to hold the largest share of the global radar market over the projected period. The region has high adoption of advanced technologies, such as autonomous vehicles and defense systems, which drives the demand for radar systems. Major automotive and defense companies are present in the region, and government investments in defense and security further strengthen the region's dominant position in the market.
Asia Pacific is expected to grow at the fastest CAGR growth of the global radar market during the projected period. The boost in the growth of defence and automotive sectors because of increasing demand for radar systems by nations such as China and India is fueling this growth. Infrastructure, smart cities, and advancements in the technological automobile safety system are also conducive to market growth in this region.
Company Profiling
Major vendors in the global Radar market are Lockheed Martin Corporation, NXP Semiconductors, RTX, Thales Group, Northrop Grumman, BAE Systems, Leonardo S.p.A., AIRBUS, L3Harris Technologies, Inc., Infineon Technologies AG, Robert Bosch GmbH, ASELSAN A.S., General Dynamics Corporation, Elbit Systems Ltd., and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global radar market based on the below-mentioned segments:
Global Radar Market, By Range
Global Radar Market, By Application
Global Radar Market, By Regional
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