The Global Radar Systems Market Report, published by Emergen Research, offers an industry-wide assessment of the Radar Systems Market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2022-2030.
The global radar systems market size was USD 32.48 Billion in 2021 and is expected to register a revenue CAGR of 4.6% during the forecast period. Increasing investments by governments for upgrading existing fighter aircraft radar, advancement of phased array solid-state radar, and increasing defense expenditure of emerging countries are key factors driving market revenue growth.
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Vast number of small radiating components found in phased array antennas allow for comprehensive landscape mapping by phased-array radars. Such customized antennas concentrate on radar radiation into high-energy pencil beams that are steered electronically without the need for antenna construction to be physically moved, which is driving growth of the market. In addition, quick development of radar technology and use of advanced computer technology in commercial maritime radar, such as Automatic Radar Plotting Aids (ARPA) are also driving market revenue growth. By using radar plotting and calculations, ARPA speeds up the process from seeing target to locating data for radar users.
Competitive Terrain:
The global Radar Systems industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Leading Market Players Profiled in the Report:
BAE Systems, Northrop Grumman, Boeing, Lockheed Martin Corporation, General Dynamics Corporation, Thales, Saab, Raytheon Technologies Corporation, Honeywell International Inc., Mitsubishi Electric Corporation, and L3Harris Technologies, Inc.
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Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Radar Systems Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
Emergen Research has segmented the global radar systems market based on product, application, end-users, and region:
-
Product Outlook (Revenue, USD Billion; 2019-2030)
- Air
- Military aircraft
- Commercial aircraft
- Marine
- Military vessels
- Commercial vessels
- Unmanned
- Unmanned Ground Vehicle (UGV)
- Unmanned Aerial Vehicle (UAV)
- Unmanned Surface Vehicle (USV)
- Land
- Mobile radar systems
- Portable radar systems
- Space
- Spacecraft
- Satellites
- Air
-
Application Outlook (Revenue, USD Billion; 2019-2030)
- Remote sensing
- Air traffic control
- Ground traffic control
- Space navigation & control
-
End-Users Outlook (Revenue, USD Billion; 2019-2030)
- Aviation
- Military & defense
- Automotive
- Industrial
- Weather monitoring
- Others
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Regional Outlook:
North America (the U.S., Canada, Mexico)
Europe (the U.K., Germany, France, Italy)
Asia Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key questions addressed in the report:
Who are the leading players dominating the global Radar Systems Market?
Which factors could potentially hamper the global market growth during the forecast period?
Which regional market offers the most attractive growth opportunities to the companies operating in this market?
How is the raw material availability affecting the demand for Radar Systems in this industry vertical?
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