Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 22.59 Billion |
| USD 41.16 Billion | |
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Global Radar System Market, By Technology (Pulsed Radar, CW Radar), Component (Antenna, Transmitter, Receiver), Range (Short Range Radars, Medium Range Radars, Long Range Radars), Application (Naval, Ground, Space-Based, Air, Automotive, Aviation, Industrial, Weather Monitoring, Others), Frequency Band (HF Band, V/UHF Band, L Band, 5 S Band, C Band, X Band, K/KU/KA Band, Millimetric Band), Vehicle Radars (Synthetic Aperture Radar, Maritime Patrol Radar) - Industry Trends and Forecast to 2029
Market Analysis and Size
Radar systems are widely being used for forecasting and detecting the aircraft, weather, spacecraft, and missiles, among other forms of vehicles. These systems are widely utilized in industrial applications such as object recognition and tracking, collision avoidance with static and moving objects, speed monitoring, and collision avoidance with static and moving objects.
Global Radar System Market was valued at USD 22.59 billion in 2021 and is expected to reach USD 41.16 billion by 2029, registering a CAGR of 6.54% during the forecast period of 2022-2029. Maritime Patrol Radar accounts for the largest vehicle radars segment owing to the high usage for the detection and tracking of marine activities. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Radar refers to an electromagnetic system that assists in detecting the location and distance of objects with the use of radio waves. They determine angle, speed and spread of an object that falls within its radius. These systems include a transmitter for creating an electromagnetic signal that is radiated into space by an antenna.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Pulsed Radar, CW Radar), Component (Antenna, Transmitter, Receiver), Range (Short Range Radars, Medium Range Radars, Long Range Radars), Application (Naval, Ground, Space-Based, Air, Automotive, Aviation, Industrial, Weather Monitoring, Others), Frequency Band (HF Band, V/UHF Band, L Band, 5 S Band, C Band, X Band, K/KU/KA Band, Millimetric Band), Vehicle Radars (Synthetic Aperture Radar, Maritime Patrol Radar)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Lockheed Martin Corporation. (US), Rockwell Collins, Inc. (US), Saab AB (Sweden), Honeywell International Inc. (US), General Dynamics Corporation (US), Rheinmetall AG (Germany), BAE Systems. (UK), Northrop Grumman Corporation. (US), Raytheon Technologies. (US), Thales Group (France), Reutech Radar Systems. (South Africa), IAI (India), Airbus S.A.S. (France), L3Harris Technologies, Inc. (US), Infineon Technologies AG (Germany), among others
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Market Opportunities
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This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
The rise in the usage of radars in automatic vehicles acts as one of the major factors driving the radar system market. Also, the prevalence of greater efficiency by using improved radars system has a positive impact on the market.
The rise in emergence of technologies and innovation in modern radar system accelerate the market growth. These modern radar systems are being used for radar astronomy, meteorological monitoring, air traffic control, and weather formation.
The introduction of modern warfare system such as network centric and electronic warfare further influence the market. These advanced radar systems are being used in anti-missiles systems, aircraft anti-collision systems and air defense systems.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the radar system market.
Opportunities
Furthermore, adoption of unmanned aerial vehicles and lightweight radar extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, development of low-cost and miniaturized radar will further expand the market.
Restraints/Challenges
On the other hand, limited bandwidth for commercial applications due to preference for military use is expected to obstruct market growth. Stringent cross-border trading policies and susceptibility to new jamming techniques are projected to challenge the radar system market in the forecast period of 2022-2029.
This radar system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on radar system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The COVID-19 had a negative impact on the radar system market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand radar systems. The supply chain got hampered during the pandemic along with delay logistics activities. However, the radar system market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Recent Developments
The radar system market is segmented on the basis of technology, component, range, application, frequency band and vehicle radars. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
Component
Range
Application
Frequency Band
Vehicle Radars
The radar system market is analysed and market size insights and trends are provided by country, technology, component, range, application, frequency band and vehicle radars as referred above.
The countries covered in the radar system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the radar system market because of the increase in the prevalence of majority of market players within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the adoption of advanced technology along with availability of funds for further development of technology in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The radar system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to radar system market.
Some of the major players operating in radar system market are
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Radar System Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Radar System Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.