Radar System Market By Technology (Pulsed Radar and Continuous Wave (CW) Radar), By Application (Naval, Ground, Space-Based, Air, Automotive, Aviation, Industrial, Weather Monitoring, and Others), By Component (Antenna, Transmitter, Receiver, and Others), By Band (HF, UHF, VHF, L, X C, S, Ku, V, K, Ka, W, and Others), and By Range (Short, Mid, and Long): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global radar system market expected to reach approximately USD 30,932 million by 2025, at a CAGR of around 5.35% between 2019 and 2025. Radar stands for Radio Detection and Ranging System. RADAR is mainly an electromagnetic system that is used for detecting locations and distances of an object.

06-May-2019 | Number of pages: 110 | Report Code: ZMR-1017 | Report Format : | Status : Published

Analysis

Radar stands for Radio Detection and Ranging System. RADAR is mainly an electromagnetic system that is used for detecting locations and distances of an object. Radar systems radiate energy into space and monitor the echo or reflected signal from various objects. Radar functions in the microwave range and UHF (ultra-high frequency) range. The radar system is effective to estimate and sense weather, aircraft, spacecraft, missiles, etc. In the military, radars are used for surveillance, warning, accurate detection, tracking, and ground mapping of aircraft and weapons in the war zone. Earlier, radars were used for defense and military purposes only. Technological advancements and innovations have made radars useful in various applications, such as in astronomy, marine, aircraft anti-collision systems, air traffic control, anti-missiles systems, air-defense system, meteorological monitoring, etc.

The escalation in investment activities, especially in developing countries to strengthen their armies is likely to support the radar system market in the future. Growing safety and security concerns and increasing defense budgets of various countries globally are estimated to further spur the growth of the global radar system market. Moreover, technological advancements in radar systems leading to the development of lightweight radars are likely to add to the value growth to the market in the years ahead. The progressive escalation in terrorist activities, border intrusions, and inter-country conflicts are also supporting the growing radar system demand. The extensive use of radar systems in the aviation industry to track aircrafts and control air traffic is driving the radar system market globally. The growing use of unmanned aerial and drone systems for safety purposes is likely to fuel the global radar system market growth.

Global Radar System Market

By technology, the global radar system market is classified into pulsed radar and continuous wave (CW) radar. By application, the market includes naval, ground, space-based, air, automotive, aviation, industrial, weather monitoring, and others. By component, the global radar system market includes antenna, transmitter, receiver, and others. The antenna component had dominated the market in 2018. The band segment of the market comprises HF, UHF, VHF, L, X C, S, Ku, V, K, Ka, W, and other bands. By range, the radar system market includes short, mid, and long. In 2018, the long-range segment dominated the market owing to its growing use in military, space, and aviation industries.

By geography, the Asia Pacific region is projected to show substantial market growth over the estimated time period. This can be attributed to the presence of developing economies like India and China, economic development, the rapid growth of aviation, space, and defense industries across the region. North America acquired the largest share of the global radar system market in 2018, due to advanced infrastructure, various technological developments, and huge investments made in defense and space industries witnessed across the region.

Some major companies operating in the global radar system market are Airbus Defense and Space, BAE Systems, Honeywell International, Exelis, Lockheed Martin Corp., General Dynamics, Finmeccanica, Israel Aerospace Industries, Rockwell Collins Saab, Raytheon Corp., Reutech Radar Systems, Northrop Grumman, Rheinmetall AG, and Thales Group.


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