Exploring the Rapid Growth of the Radar Market: Insights for Industry Leaders

They have been used for understanding path patterns, altitude, and migration path. Additionally, weather radar systems are used for monitoring changes in climate patterns.

The global radar market size is expected to reach USD 64.75 billion by 2030, registering a CAGR of 8.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing deployments of radars and security related issues across the globe are driving the market growth. Additionally, the market is also witnessing healthy growth in demand due to the increase in sea trade and travel activities across the globe. They have been used for understanding path patterns, altitude, and migration path. Additionally, weather radar systems are used for monitoring changes in climate patterns.

 

Unlike earlier, now the deployment of radars is not limited to the military sector. These systems are now increasingly being adopted in air traffic control, remote sensing, ground traffic control, marine, and meteorological monitoring, among others. The growing adoption and deployment of radars in various sectors for different applications are anticipated to support the market growth over the forecast period.

 

The growth of the air travel industry is encouraging market players to offer airborne radars that operate between L and Ka bands. Short range targeting radars, particularly used for helicopters and tanks, function under the millimeter band. Long range, ground-based radars use lower frequencies and are increasingly being adopted for satellite communication applications. Additionally, a radar system reveals detailed information that is essential for flight operations in dense clouds and it can also be concluded that aircraft-based systems are witnessing high-scale deployment in order to enhance flight safety.

 

 

Radar Market Report Highlights

 

  • The ground-based radars segment dominated the global market and accounted for a revenue share of 35.9% in 2023.
  • The components segment held the largest revenue share of the global radar market in 2023. This is attributed to the growing demand for key components utilized in radar systems, such as antennas, transmitters, receivers, and others.
  • The S-band segment dominated the global market in 2023. This segment's growth is driven by its long-range detection capacities, less susceptibility to attenuation caused by atmospheric changes such as events related to ice, snow, and rain, and usage in multiple applications such as surveillance, weather observations, aircraft navigation, and more.
  • The short-range segment accounted for the largest revenue share in 2023. This is attributed to the increasing application in various industries for numerous functions, such as automotive for safety and collision prevention, electronics for human-system interactions, and in multiple sectors, including agriculture, security, wildlife monitoring, and motion detection.
  • The automotive segment dominated the global radar market in 2023. The use of short-range radar systems in modern technology applications such as collision avoidance, cruise control, automated parking and assistance, and more is primarily influencing this segment in terms of growth.
  • North America radar market dominated the global industry and accounted for a revenue share of 36.4% in 2023. Asia Pacific radar market is projected to witness the fastest CAGR from 2024 to 2030.

 

 

Radar Market Segmentation

 

Grand View Research has segmented global radar market report based on platform, offerings, frequency band, range, end-use, and region:

 

Radar Platform Outlook (Revenue, USD Million, 2018 - 2030)

 

  • Ground-based
  • Naval
  • Airborne
  • Space based

 

Radar Offering Outlook (Revenue, USD Million, 2018 - 2030)

 

  • Components
    • Antenna
    • Transmitter
    • Receiver
    • Others
  • Service
    • Installation/ Integration
    • Support & Maintenance
    • Training & Consulting

 

Radar Frequency Band Outlook (Revenue, USD Million, 2018 - 2030)

 

  • L-Band
  • S-Band
  • C-Band
  • X-Band
  • Ku-Band
  • Ka-Band
  • Others

 

Radar Range Outlook (Revenue, USD Million, 2018 - 2030)

 

  • Long Range
  • Medium Range
  • Short Range

 

Radar End-use Outlook (Revenue, USD Million, 2018 - 2030)

 

  • Automotive
  • Military and Defense
  • Aviation
  • Weather Forecasting and Monitoring
  • Telecommunications
  • Others

 

Radar Regional Outlook (Revenue, USD Million, 2018 - 2030)

 

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia & New Zealand
    • South Korea
  • Latin America
    • Brazil
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

 

 

Key Players in the Radar Market

 

  • Lockheed Martin Corporation
  • NXP Semiconductors
  • RTX
  • Thales Group
  • Northrop Grumman
  • BAE Systems
  • Leonardo S.p.A.
  • AIRBUS
  • L3Harris Technologies, Inc.
  • Infineon Technologies AG
  • Robert Bosch GmbH
  • ASELSAN A.?.
  • General Dynamics Corporation
  • Elbit Systems Ltd.

 

 

Order a free sample PDF of the Radar Market Intelligence Study, published by Grand View Research.

 


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