Global Radar Systems Market Size By Type (Continuous Wave RADAR Systems, Pulsated Wave RADAR Systems), By Application (Airborne, Land-based), By End-Use (Aviation, Maritime Applications), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Radar Systems Market size was valued at USD 36.04 Billion in 2024 and is projected to reach USD 50.46 Billion by 2031, growing at a CAGR of 4.74% from 2024 to 2031.
Increased use of radars for autonomous vehicles and improved radar system capabilities that result in higher efficiency are the main factors driving the growth of the radar system market. The market is comprehensively evaluated in the study on the global radar systems market. The research provides a thorough analysis of the market’s key segments, trends, drivers, restraints, competitive environment, and other important elements.
Global Radar Systems Market Definition
An electromagnetic instrument called a radar makes use of radio waves to estimate an object’s position and distance. They calculate an object’s dispersion, speed, and angle while keeping the object inside its radius. In the atmosphere, radars are used to locate and track flying insects, ships, satellites, and other objects. Radar has the ability to scan the surface of the earth from space, keep an eye on the atmosphere, and gauge the speed of moving objects. Radar systems have received a lot of interest recently for applications such as remote detection and monitoring in security and healthcare.
Keeping a close eye on vital signs is super important! It helps us figure out how someone's doing, both physically and sometimes even mentally. We can catch early warning signs of illness and track how well a patient is recovering. A lot of smart home and health apps use activity recognition to understand what we're up to. By studying how people behave, we can find ways to make our lives better. This paper? It's all about the latest uses of touch and remote radar systems. Did you know weather radars can even track bird migration? They give us super accurate altitude info, which we can then use to build better models of bird movement. We can even add a "bird filter" to the massive network of existing weather radars to get real-time info on where birds are flying!
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Global Radar Systems Market Overview
An increase in the use of radars for unmanned vehicles and improved radar system capabilities that result in higher efficiency are some of the major factors driving the growth of the radar systems market. The development of modern combat technologies like electronic warfare and network-centric warfare is also anticipated to hasten the expansion of the radar systems market. Radar systems, which have increased safety features in passenger cars and other transportation systems, are also widely used by the automotive industry.
Radar is popping up in cars everywhere these days. It helps you change lanes safely, powers cool features like adaptive cruise control – where your car automatically keeps a safe distance from the car ahead – and even warns you about potential crashes. What's driving all this radar love? Well, a big part of it is that more and more people in developing countries want it in their cars, both passenger and commercial vehicles. And as folks buy more luxury cars and become more concerned about staying safe on the road (plus, new safety rules are kicking in), we can expect the global market for these radar systems to keep on growing.
Marine radar systems are used for the detection and tracking of marine operations, such as those of warships, submarines, offshore patrol vessels, and other marine vessels. They are also used to locate other ships and land barriers, give bearing and distance, and navigate at sea in order to prevent collisions. These radar systems support the monitoring of unlawful behaviour, such as piracy, illegal fishing, and terrorist activities. They frequently employ X-band and S-band radar.
Global Radar Systems Market Segmentation Analysis
The Global Radar Systems Market is segmented on the basis of Type, Application, End-Use, And Geography.
Radar Systems Market, By Type
Continuous Wave RADAR Systems
Pulsated Wave RADAR Systems
Based on Type, The market is segmented into Continuous Wave RADAR Systems and Pulsated Wave RADAR Systems. Continuous Wave RADAR Systems, often known as CW Radar, is a type of radar that detects moving targets by using a continuous signal (wave). This radar requires two antennas. The use of one antenna for signal transmission and another for signal reception. Simple Pulse Radar, sometimes known as Pulse Radar, is the name given to the radar that uses pulse signals to locate stationary targets.
Radar Systems Market, By Application
Airborne
Land-based
Naval
Based on Application, The market is segmented into Airborne, Land-based, and Naval. Demand for land-based radars is anticipated to rise during the projection period. These methods are used to monitor civil infrastructure, such as buildings, tunnels, and bridges. The continual advancements in ground penetrating radar (GPR) technology, higher frequency, commercially available GPR antennae, and improved data processing enable better subsurface condition evaluation.
Based on End-Use, The market is segmented into Aviation, Maritime Applications, Automotive, and Military & Defense. The primary sales drivers are high-end military applications, electronic defence systems, and off-site long-range radar equipment. With the purpose of enhancing connectivity for forthcoming space missions and communications, many countries are investing in long-range systems. Leading manufacturers are responding to this by developing state-of-the-art long-range radars for marine and military applications that offer 360-degree surround-view. As a result, there should be more opportunities for radar applications in the upcoming years.
Radar Systems Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
Based on regional analysis, the Global Radar Systems Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. During the forecast period, North America presently holds the majority of the global market for radar systems, and it is anticipated that this trend will persist during the forecasted period. Due to the nation’s space exploration industry becoming privatised, sales in the market are predicted to rise in the coming years. The use of space-borne radar systems has expanded as a result of government financing and help given to private enterprises to launch commercial space missions.
Key Players
The “Global Radar Systems Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as BAE Systems, Dassault Aviation, General Dynamics Corporation, Honeywell International Inc., Lockheed Martin Corporation, L3 TECHNOLOGIES, INC., Northrop Grumman Corporation, Rockwell Collins, Inc., Saab AB, Thales Group.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
In June 2019, The acquisition of Riptide Autonomous Solutions by BAE Systems, Inc. (Riptide). It is a provider of unmanned underwater vehicle (UUV) technologies and solutions that are cutting edge and reasonably priced. By supplying UUVs and integrated payload solutions capable of supporting a number of crucial missions, BAE Systems will be in a position to offer customers unrivalled flexibility as a result of the addition of Riptide’s technological capabilities.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Radar Systems Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Radar Systems Market gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
BAE Systems, Dassault Aviation, General Dynamics Corporation, Honeywell International Inc., Lockheed Martin Corporation.
SEGMENTS COVERED
By Type, By Application, By End-Use, And By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope
Research Methodology of Market Research
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Reasons to Purchase this Report
We'll dive deep, looking at the market from all angles, both the money side and the human side, by breaking it down into different groups. We'll give you the market size (in USD Billion!) for each of these groups, and even the smaller subgroups. You'll learn which region and segment we think will be the rocket ship, showing the fastest growth and grabbing the biggest piece of the pie. We'll also break down each geographical area, showing how much of the product/service is used there and what's driving (or holding back) the market in each place. Get the scoop on the competition with a ranking of the big players, plus all the juicy details on new stuff they're launching, who they're partnering with, how they're growing, and who they're buying – all from the last five years! Plus, we've got detailed profiles of the major players, with company overviews, key insights, product comparisons, and a good old-fashioned SWOT analysis. We'll paint a picture of the industry's current and future, highlighting new opportunities and what's helping it grow, as well as the challenges and roadblocks in both up-and-coming and established areas. Expect a thorough market dissection using Porter's five forces. We will give you a peek into the market's Value Chain and map out the market's dynamics, pointing out the growth potential over the next few years. And to top it off, you get 6 months of support from our analysts after you buy.
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