Forecast Period | 2024-2028 |
Market Size (2022) | USD 5.41 Billion |
CAGR (2023-2028) | 15.34% |
Fastest Growing Segment | Naval |
Largest Market | West |
United States 3D radar market is anticipated to grow at a great CAGR in the forecast period
United States 3D Radar Market
The market for 3D radar in the United States has a higher potential in the future due to the expanding use of 3D radars in air defense, weather monitoring, and other applications. Additionally, the term "3D radar" in the United States refers to the market for three-dimensional radar systems that offer elevation in addition to 2D radar systems. Furthermore, 3D radars are utilized in a variety of applications, including the industrial, aerospace, automotive, and weather monitoring sectors as well as defense and security, aerospace, and aviation. Further, the use of 3D radar technologies for surveillance, target recognition, tracking, imaging, and situational awareness enhances the security of the region.
United States 3D Radar Market
Three-dimensional radar or 3D radar, is a category of radar system that can identify and monitor objects in three dimensions. 3D radar systems can also provide information about an object's altitude or elevation, in contrast to the typical radar systems, which can only provide two-dimensional information about an object's location and movement. As 3D radar technology offers cutting-edge capabilities for surveillance, target tracking, and threat detection, it is frequently used in military and defense applications. The market is also fueled by the growing need for improved surveillance capabilities, the requirement for precise target recognition and tracking, and the increasing emphasis on safety and security measures across various industries. Additionally, the rising applicability of 3D radars in military and defense, air traffic control, autonomous cars, and industrial automation, leads to an increase in the demand for 3D radar in the country, extensively.
The increasing necessity of surveillance and weather awareness is a primary driver of the US 3D radar market. Additionally, the US defense industry significantly depends on cutting-edge radar equipment for threat detection, monitoring, and situational awareness. With the development of cutting-edge combat technologies like network-centric warfare and electronic warfare results in need for an efficient radar system. The need for 3D radar systems in military applications might be driven by the rising defense budgets and the necessity for cutting-edge technologies to combat emerging security threats. Moreover, there is a growing need for driverless vehicles and advanced driver assistance systems (ADAS), where 3D radar is essential for performing functions such as collision avoidance and adaptive cruise control.
United States 3D Radar Market
The cost of raw materials and its manufacture, which is much higher, is a fundamental obstacle for the 3D radar market
United States 3D Radar Market
Solid-state radar systems are becoming more and more common since they are smaller, use less power, and perform better than conventional mechanically scanned radar systems. Furthermore, with quicker scan rates, greater dependability, and the possibility for interaction with other sensors and communication systems, solid-state radar technology is in high demand.
![MIR Segment1](https://www.marketinsightsresearch.com/uploads/Segment1.jpg)
United States 3D Radar Market
The demand for 3D radar market is anticipated to increase as many industries such Airbus Defense and Space, Honeywell International Inc. etc are developing new technologies and are creating opportunities for specialized service providers in the market. Additionally, the demand for automobiles equipped with these systems is being fueled by the rise in demand for advanced driving assistance systems (ADAS) in the vehicle. Additionally, the increasing security around the nation offers more chances for new operators to enter the market and establish a service network. This results in creation of many opportunities for the 3D radar manufacturing companies.
Recent Developments
- In
2021, the SpyglassTM Short Range Surveillance Radar, a revolutionary 3D radar
solution for counter unmanned aircraft systems (C-UAS) and other short-range
defence operations, was developed by Numerica, a leader in creating and
delivering best-in-class defense technology.
- The UK
Ministry of Defense and Saab AB have signed two contracts for eleven Giraffe 1X
radars in 2023, generating roughly SEK 264 million (roughly USD 25 million).
- The
U.S. Navy granted a modification and installation support contract for two
additional Saab radar systems in November 2022 under the Shipboard Air Traffic
Radar (SATR) AN/SPN-50(V)1 programmed, which is currently in Low-Rate Initial
Production (LRIP). The LRIP lot's total modification value is about USD 30
million.
Market Segmentation
The United States 3D radar market is
Company Profiles
Some of the major players operating in United States 3D radar market are Northrop Grumman Corporation, Numerica Corporation, Thales Group, BAE Systems PLC, Airbus Defense and Space, Honeywell International Inc., Saab AB, Thales Group, Echodyne MESA, and DeTect, Inc.
Attribute
|
Details
|
Base
Year
|
2022
|
Historical
Years
|
2018 –
2021
|
Estimated
Year
|
2023
|
Forecast
Period
|
2024 – 2028
|
Quantitative
Units
|
Revenue
in USD Million and CAGR for 2018-2022 and 2023-2028
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
Segments
Covered
|
Platform
Frequency
Band
Range
Region
|
Key
Companies Profiled
|
Northrop
Grumman Corporation, Numerica Corporation, Thales Group, BAE Systems PLC,
Airbus Defense and Space, Honeywell International Inc., Saab AB, Thales
Group, Echodyne MESA, and DeTect, Inc.
|
Customization
Scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
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Delivery
Format
|
PDF
and Excel through Email (We can also provide the editable version of the
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|