The radar system market size has ramped up rapidly in recent years and is expected to rise from $34.27 billion in 2024 to $37.7 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%. This significant growth can be ascribed to military modernization, an increase in demand for surveillance and border security, advancements in weather forecasting, the surge in air traffic, as well as smart city development.
Looking into the future, the radar system market shows robust growth. It is anticipated to reach $52.66 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. This projected growth is due to geopolitical tensions, the pressing need for maritime surveillance, the rise of autonomous vehicles, increases in defense budgets, and emerging markets. Major trends to watch include cognitive radar, miniaturization, frequency modulated continuous wave (fmcw) radar, digital beamforming, and synthetic aperture radar (sar).
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What are the key driving factors for Radar System Market growth?
The radar system market growth is primarily driven by the augmenting utilization of radar systems for weather monitoring. The radar systems, which are enabled with electromagnetic signals to detect and locate objects, can be strategically used in weather monitoring to provide critical data for understanding weather systems, improving forecasts, issuing flood warnings, supporting hydrological applications, and aiding in climate research. For instance, in January 2022, the India Meteorological Department (IMD) commenced the operations of four new Doppler weather radars, which use drone-based observation technology to enhance the weather forecast system. These radars are expected to offer improved rainfall monitoring and hydrometeor classification using dual-polarization technology, thereby distinguishing between snow, rain, and hail.
Which are the key segments within the global Radar System Market?
The radar system market, as covered in this report, is segmented into:
1) By Component: Transmitter, Receiver, Antenna, Other Components
2) By Technologies: Continuous Wave (CW) Radar, Pulsed Radar
3) By Frequency Band: X-Band, S-Band, C-Band, Other Frequencies
4) By Application: Air Traffic Control, Remote Sensing, Ground Traffic Control, Space Navigation And Control, Other Applications
5) By End-user: Aviation, Maritime Applications, Automotive, Military And Defense
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Who are the major players in the Radar System Market?
Major companies operating in the radar system market include BAE Systems Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Ltd., Saab AB, Thales Group, Honeywell International Inc., General Dynamics Corporation, Israel Aerospace Industries Ltd., Reutech Radar Systems Ltd., Elcome Integrated Systems Pvt. Ltd., L3Harris Technologies Inc., NXP Semiconductors N.V., Infineon Technologies AG, Hensoldt Corp., Indra Sistemas SA, Rheinmetall AG, Safran SA, Terma A/S, Serco Group Plc, FLIR LLC, Aselsan AS, SRC Inc., ELTA Systems Ltd., Mercury Ltd., RADA Electronic Industries Ltd., International Foodstuffs Co., Cobham Inc., Telephonics Corporation
What emerging trends are shaping the Radar System Market?
4D imaging radars are shaping the radar systems market as companies operating in radar systems are developing innovative 4D imaging radars to meet customer demands. For instance, in December 2022, Ambarella Inc., a US-based semiconductor company, launched a centralized 4D imaging radar architecture. Ambarella’s 4D imaging radar, featuring Oculii™ technology, combines raw radar data with other sensors to provide enhanced perception for autonomous systems.
Which region is set to grow the fastest in the Radar System Market?
In 2024, North America held the largest share in the radar systems market. Meanwhile, Asia-Pacific is forecasted to be the fastest-growing region in the radar system market in the forthcoming years. The regions covered in the radar system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What does the Radar System Market Report 2025 offer?
The Radar System Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. The radar system uses electromagnetic signals to detect and locate objects such as ships, vehicles, aircraft, and others. Radar systems operate by emitting electromagnetic energy into space and by analyzing an echo that results from the radiated energy getting reflected by an object.
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