Categories: Market Research

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 <b>$5.81 billion in 2023 to $6.11 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. </b> 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 <b>$7.63 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. </b> 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).

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/commercial-radars-global-market-report

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

<b>Asia-Pacific</b> was the largest region in the commercial radars market in 2023. <b>Asia-Pacific</b> 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

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=3698&type=smp

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 <b>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</b>

The commercial radars market report table of contents includes:

 

  1. Executive Summary
  2. Commercial Radars Market Characteristics
  3. Commercial Radars Market Trends And Strategies
  4. Commercial Radars Market – Macro Economic Scenario
  5. Global Commercial Radars Market Size and Growth

.

.

.

  1. Global Commercial Radars Market Competitive Benchmarking
  2. Global Commercial Radars Market Competitive Dashboard
  3. Key Mergers And Acquisitions In The Commercial Radars Market
  4. Commercial Radars Market Future Outlook and Potential Analysis
  5. Appendix

Top Major Players:

  • Terma A/S
  • Hensoldt Inc
  • Detect Inc.
  • Thales Group
  • Indra Sistemas SA

Explore the trending research reports from TBRC:

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company  

Twitter: https://twitter.com/tbrc_info  

Facebook: https://www.facebook.com/TheBusinessResearchCompany  

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ   

Blog: https://blog.tbrc.info/  

Healthcare Blog: https://healthcareresearchreports.com/  

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Europe 5G technology Market Analysis, Growth, Trends And Industry Report 2030

Europe 5G Technology Market: A Comprehensive Overview Market Scope The Europe 5G Technology Market, valued at USD…

1 hour ago

Spain Esports Market: Growth, Trends, and Future Outlook 2030

Spain Esports Market Overview: The Spanish esports market, valued at USD 133.90 million in 2023, is…

1 hour ago

Fire Door Market Business Size, Growth Trends And Opportunities Assessment 2030

Fire Door Market Overview The global Fire Door Market was valued at USD 13.79 billion in 2023…

1 hour ago

Bathroom Taps Market Competitive Landscape & Strategy Framework To 2030

Bathroom Taps Market: A Comprehensive Analysis Market Overview: The global bathroom taps market has been experiencing significant…

1 hour ago

Mining Drills and Breakers Market Analysis: Growth, Trends, and Key Insights for 2024-2030

Mining Drills and Breakers Market Overview: The Mining Drills and Breakers market is projected to grow at…

1 hour ago

Global Non-Stick Coating Market Analysis and Insights (2024-2030)

Non-Stick Coating Market Overview The global non-stick coating market is experiencing robust growth, with a market value…

1 hour ago