Radar Systems Market: An In-Depth Look at the Current State and Future Outlook

The global radar systems market size was USD 32.48 Billion in 2021 and is expected to register a revenue CAGR of 4.6% during the forecast period. Increasing investments by governments for upgrading existing fighter aircraft radar, advancement of phased array solid-state radar, and increasing defense expenditure of emerging countries are key factors driving market revenue growth.

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Vast number of small radiating components found in phased array antennas allow for comprehensive landscape mapping by phased-array radars. Such customized antennas concentrate on radar radiation into high-energy pencil beams that are steered electronically without the need for antenna construction to be physically moved, which is driving growth of the market.

In addition, quick development of radar technology and use of advanced computer technology in commercial maritime radar, such as Automatic Radar Plotting Aids (ARPA) are also driving market revenue growth. By using radar plotting and calculations, ARPA speeds up the process from seeing target to locating data for radar users. Concerns about airborne fire control, early warning, surveillance, ground mapping, Air Traffic Control (ATC), and surface-to-air missile guidance are driving demand for military radars.

Report Highlights:

The report conducts a comparative assessment of the leading market players participating in the global Radar Systems market.

The report marks the notable developments that have recently taken place in the Radar Systems industry

It details on the strategic initiatives undertaken by the market competitors for business expansion.

It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Radar Systems market value chain.

The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.

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Emergen Research has segmented the global radar systems market based on product, application, end-users, and region:

Product Outlook (Revenue, USD Billion; 2019-2030)

Air

Military aircraft

Commercial aircraft

Marine

Military vessels

Commercial vessels

Unmanned

Unmanned Ground Vehicle (UGV)

Unmanned Aerial Vehicle (UAV)

Unmanned Surface Vehicle (USV)

Land

Mobile radar systems

Portable radar systems

Space

Spacecraft

Satellites

Application Outlook (Revenue, USD Billion; 2019-2030)

Remote sensing

Air traffic control

Ground traffic control

Space navigation & control

End-Users Outlook (Revenue, USD Billion; 2019-2030)

Aviation

Military & defense

Automotive

Industrial

Weather monitoring

Others

Competitive Terrain:

The Global Radar Systems Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.

Key Companies Profiled in the Report are:

BAE Systems, Northrop Grumman, Boeing, Lockheed Martin Corporation, General Dynamics Corporation, Thales, Saab, Raytheon Technologies Corporation, Honeywell International Inc., Mitsubishi Electric Corporation, and L3Harris Technologies, Inc.

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Regional Outlook:

North America (the U.S., Canada, Mexico)

Europe (the U.K., Germany, France, Italy)

Asia Pacific (India, China, Japan, Korea)

Latin America (Brazil, Argentina, Ecuador, Chile)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

Key Features of the Radar Systems Market Report:

The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats

The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares

Evaluation of key current and emerging market trends and growth prospects

It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth

Brief overview of industry with regards to research and development, technological advancements, and product development

In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario

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