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Global Radar Market to reach USD 55.69 billion by the end of 2030

Global Radar Market Size study & Forecast, by Offering (Hardware, Software, and Services), by Product Type (Continuous Wave Radar, Pulse Radar, and Others), by Platform (Marine, Air, Ground, and Space), by Application (Air Traffic Control, Remote Sensing, Ground Traffic Control, and Space Navigation & Control), End user (Automotive, Aviation, Industrial, Weather Monitoring, Military & Defense, and Others) and Regional Analysis, 2023-2030

Product Code: ALTAWT-49258589
Publish Date: 20-05-2023
Page: 200

Global Radar Market is valued approximately USD 37.69 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.00% over the forecast period 2023-2030. The Radar market refers to the global market for radar technology, which involves the use of radio waves to detect and locate objects. Radar systems are used in a wide range of applications, including defense and security, air traffic control, weather monitoring, and navigation. Radar technology is also used in the automotive industry for applications such as collision avoidance and adaptive cruise control. The market includes various types of radar systems such as ground-based, naval, airborne, and space-based. The major driving factors for the Global Radar Market are increased investments in defense and security and growing demand for unmanned systems. Moreover. rising demand for weather monitoring and increase in air traffic is creating lucrative growth opportunity for the market over the forecast period 2023-2030.

Governments worldwide are investing heavily in defense and security systems, including radar technology, to protect their borders and citizens. This has led to increased demand for advanced radar systems. In September 2020, the Indian government approved the acquisition of 83 Tejas fighter jets for the Indian Air Force at a cost of USD 6.4 billion. In November 2020, the UK government announced a USD 1.83 billion increase in defense spending over the next four years, with a focus on cybersecurity, space, and AI. However, the high cost of Radar stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Radar Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The North American region is a significant market for radar technology, with a strong presence in the United States. The region’s market is driven by increased spending on defense and security systems, as well as the adoption of radar technology in various applications such as air traffic control, weather monitoring, and surveillance. The Asia Pacific region is expected to be the fastest-growing market for radar technology due to increased defense spending by countries like China, India, and Japan. The region is also witnessing the adoption of radar technology in various applications such as automotive and aerospace industries.

Major market player included in this report are:
Northrop Grumman Corporation
Lockheed Martin Corporation
Rockwell Collins Inc.
Thales Group
Honeywell International Inc.
L-3 Communications Holdings
General Dynamics Corporation
BAE Systems
Dassault Aviation

Recent Developments in the Market:
Ø In 2020, Raytheon Technologies announced the launch of its next-generation radar, the Lower Tier Air and Missile Defense Sensor (LTAMDS), which is designed to detect and track a wide range of threats, from drones to hypersonic missiles.
Ø In 2021, Infineon Technologies launched its new 77 GHz radar chip, which is designed for use in automotive applications, such as driver assistance systems and autonomous vehicles.

Global Radar Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Offering, Product Type, Platform, Application, End user, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Offering offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering:
By Product Type:
Continuous Wave Radar
Pulse Radar
By Platform:
By Application:
Air Traffic Control
Remote Sensing
Ground Traffic Control
Space Navigation & Control
By End user:
Weather Monitoring
Military & Defense

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Radar Market, by Region, 2020-2030 (USD Billion)
1.2.2. Radar Market, by Offering, 2020-2030 (USD Billion)
1.2.3. Radar Market, by Product Type, 2020-2030 (USD Billion)
1.2.4. Radar Market, by Platform, 2020-2030 (USD Billion)
1.2.5. Radar Market, by Application, 2020-2030 (USD Billion)
1.2.6. Radar Market, by End user, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Radar Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Radar Market Dynamics
3.1. Radar Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increased investments in defense and security Growing demand for unmanned systems
3.1.2. Market Challenges High Cost of Radar
3.1.3. Market Opportunities Rising demand for weather monitoring Increase in air traffic
Chapter 4. Global Radar Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Radar Market, by Offering
5.1. Market Snapshot
5.2. Global Radar Market by Offering, Performance – Potential Analysis
5.3. Global Radar Market Estimates & Forecasts by Offering 2020-2030 (USD Billion)
5.4. Radar Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
5.4.3. Services
Chapter 6. Global Radar Market, by Product Type
6.1. Market Snapshot
6.2. Global Radar Market by Product Type, Performance – Potential Analysis
6.3. Global Radar Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
6.4. Radar Market, Sub Segment Analysis
6.4.1. Continuous Wave Radar
6.4.2. Pulse Radar
6.4.3. Others
Chapter 7. Global Radar Market, by Platform
7.1. Market Snapshot
7.2. Global Radar Market by Platform, Performance – Potential Analysis
7.3. Global Radar Market Estimates & Forecasts by Platform 2020-2030 (USD Billion)
7.4. Radar Market, Sub Segment Analysis
7.4.1. Marine
7.4.2. Air
7.4.3. Ground
7.4.4. Space
Chapter 8. Global Radar Market, by Application
8.1. Market Snapshot
8.2. Global Radar Market by Application, Performance – Potential Analysis
8.3. Global Radar Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
8.4. Radar Market, Sub Segment Analysis
8.4.1. Air Traffic Control
8.4.2. Remote Sensing
8.4.3. Ground Traffic Control
8.4.4. Space Navigation & Control
Chapter 9. Global Radar Market, by End user
9.1. Market Snapshot
9.2. Global Radar Market by End user, Performance – Potential Analysis
9.3. Global Radar Market Estimates & Forecasts by End user 2020-2030 (USD Billion)
9.4. Radar Market, Sub Segment Analysis
9.4.1. Automotive
9.4.2. Aviation
9.4.3. Industrial
9.4.4. Weather Monitoring
9.4.5. Military & Defense
9.4.6. Others
Chapter 10. Global Radar Market, Regional Analysis
10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Radar Market, Regional Market Snapshot
10.4. North America Radar Market
10.4.1. U.S. Radar Market Offering breakdown estimates & forecasts, 2020-2030 Product Type breakdown estimates & forecasts, 2020-2030 Platform breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End user breakdown estimates & forecasts, 2020-2030
10.4.2. Canada Radar Market
10.5. Europe Radar Market Snapshot
10.5.1. U.K. Radar Market
10.5.2. Germany Radar Market
10.5.3. France Radar Market
10.5.4. Spain Radar Market
10.5.5. Italy Radar Market
10.5.6. Rest of Europe Radar Market
10.6. Asia-Pacific Radar Market Snapshot
10.6.1. China Radar Market
10.6.2. India Radar Market
10.6.3. Japan Radar Market
10.6.4. Australia Radar Market
10.6.5. South Korea Radar Market
10.6.6. Rest of Asia Pacific Radar Market
10.7. Latin America Radar Market Snapshot
10.7.1. Brazil Radar Market
10.7.2. Mexico Radar Market
10.8. Middle East & Africa Radar Market
10.8.1. Saudi Arabia Radar Market
10.8.2. South Africa Radar Market
10.8.3. Rest of Middle East & Africa Radar Market

Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Company 1
11.1.2. Company 2
11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. Northrop Grumman Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.3.2. Lockheed Martin Corporation
11.3.3. SAAB AB
11.3.4. Rockwell Collins Inc.
11.3.5. Thales Group
11.3.6. Honeywell International Inc.
11.3.7. L-3 Communications Holdings
11.3.8. General Dynamics Corporation
11.3.9. BAE Systems
11.3.10. Dassault Aviation
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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