Commercial Radars Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

A commercial radar is a detection system used to detect the presence, direction, distance, and speed of an aircraft. The commercial radar includes components such as an array antenna front end, T/R modules, an array antenna backplane, a radar back end, a radar processor and display, and a radar scheduler.

Sizing and Forecast

The commercial radars market size has grown strongly in recent years. It will grow from $5.81 billion in 2023 to $6.11 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to military and defense applications, aviation and air traffic control, maritime and ship navigation, weather forecasting, security and surveillance.

The commercial radars market size is expected to see strong growth in the next few years. It will grow to $7.63 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to autonomous vehicles, 5g network expansion, environmental monitoring, space debris tracking, drone and uav traffic management. Major trends in the forecast period include phased array radars, radar fusion, compact and solid-state radars, ai and machine learning integration, radar as a service (raas).

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Segmentation & Regional Insights

The commercial radars market covered in this report is segmented –

1) By Type: Commercial Aircraft Radars, Commercial Helicopters Radars, Business Jets Radars, Uav Radars

2) By Technology: Quantum Radar, Conventional Radar, Software Defined Radar (Sdr)

3) By Dimension: 2D, 3D, 4D

4) By Application: Surveillance Radars, Surface Movement Radars, Precision Approach Radars, Weather Radars, Others

Asia-Pacific was the largest region in the commercial radars market in 2023. Asia-Pacific is expected to be the fastest-growing region in the commercial radars market during the forecast period. The regions covered in the commercial radars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market GrowthIncreasing demand for drone detection systems (DDS) at airports is expected to drive the growth of the commercial radars market. Drones are dangerous for aircraft as they pose hazardous risks such as physical collision and radio frequency interference, which could lead to losing control over the plane, resulting in a crash. The cancellations, diversions, and delays of flights due to drones near airports pose a huge financial impact. In June 2022, Air Services Australia, an Australia-based government-owned organization, selected Thales as its primary system integrator for an Integrated Drone Surveillance System (IDSS) trial at Sydney Kingsford Smith Airport. ASEAN international airports are also utilising drone detection systems. Thus, the ever-increasing risks posed by drones to the aviation industry are increasing the demand for drone detection systems, which is expected to boost the growth of the commercial radars market.

Key Industry Players

Major companies operating in the commercial radars market include Terma A/S, Hensoldt Inc., Detect Inc., Raytheon Technologies Corporation, NEC Corporation, Thales Group, Indra Sistemas SA, Easat Radar Systems Limited, Leonardo SpA, Honeywell International Inc, GEM electronica, Blighter Surveillance Systems Ltd., Teledyne FLIR LLC, Airbus Defense and Space Inc., BAE Systems PLC., General Dynamics Corporation, NXP Semiconductors N.V., Endress + Hauser (India) Pvt Ltd., Satellink Inc., DeepSea Developments, Geobrugg North America, SAE Manufacturing Specialties Corp, Pilz Automation Safety L.P., Lockheed Martin Corporation, Saab AB, Northrop Grumman Corporation, Collins Aerospace, L3Harris Technologies Inc., Mitsubishi Electric Corporation, Israel Aerospace Industries Ltd., ASELSAN A.S., ELTA Systems Ltd., RADA Electronic Industries Ltd., SRC Inc., Telephonics Corporation, Selex ES Inc., Kelvin Hughes Limited, Furuno Electric Co. Ltd., Kongsberg Gruppen ASA, Thales Nederland B.V., Cobham plc, Navico Inc., Scandinavian Micro Systems Inc., Russell Technologies Inc., Rockwell Collins Inc., Harris Corporation

The commercial radars market report table of contents includes: