Global Radar Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2024-2032)

Global Radar Market Growth

The global maritime sector plays a crucial role in facilitating more than 80% of international trade. Projections indicate that maritime trade volumes are expected to experience a growth rate exceeding 2% through 2028. As maritime trade increases and ports expand, the demand for radar systems to effectively manage vessel traffic and ensure safe navigation is on the rise. These radar systems are essential for preventing collisions and enhancing port operations. With 40% of the global population residing in coastal areas, ensuring the safety of coastal areas is of paramount importance. Maritime nations are making significant investments in radar technology to monitor their coastlines and safeguard against various threats, including illegal fishing, smuggling, piracy, and unauthorised incursions.

Recent projections indicate that the demand for air transportation is anticipated to grow at an average rate of 4.3% annually over the next two decades. Should this trajectory be realised by 2036, the air transport sector is expected to contribute approximately $1.5 trillion to the global GDP. By the mid-2030s, it is forecasted that at least 200,000 flights will be conducted daily across the globe. As global air traffic continues to expand, there is an imperative for sophisticated radar systems to ensure the efficient and safe management of air traffic. This necessitates the enhancement of current infrastructure with next-generation radar technologies capable of accommodating the increased flight volume and improving situational awareness.

Key Trends and Developments

Rising defence expenditure, advancements in radar technology, growing focus on marine security and surveillance, and integration of artificial intelligence and machine learning in radars are the major trends impacting the global radar market expansion

Jan 2023

Northrop Grumman Corporation announced that it was developing the AN/APG-85, a sophisticated Active Electronically Scanned Array (AESA) radar system intended for the F-35 Lightning II aircraft. The radar, integrated with the latest technologies, aims to provide excellent battlespace situational awareness as well as platform survivability, effectiveness, and lethality.

March 2023

The advanced technology component producer, Ontic, entered into three licensing agreements with Honeywell to provide a variety of radar systems, as well as navigation and communication product lines.

May 2024

A groundbreaking development in air traffic control occurred in Calama, located in Chile's Atacama Desert, marked by the inauguration of a radar station provided by Thales, which operates entirely on solar energy. The solar-powered radar system, developed by Thales for Chile’s DGAC, combines efficient and advanced STAR NG primary radar and RSM secondary radar for providing operational surveillance requirements of military and civil air traffic control.

Rising Defence Expenditure

Numerous nations are augmenting their defence expenditures to enhance their military capabilities. This effort encompasses the acquisition of sophisticated radar systems aimed at strengthening their air defence, missile detection, surveillance, and electronic warfare capabilities. The imperative to maintain a technological edge and safeguard national security propels substantial investments in radar technologies.

Advancement in Radar Technology

Active Electronically Scanned Array (AESA) radars are increasingly being adopted owing to their advanced features, which include enhanced target tracking speed, improved resolution, and increased resistance to jamming. This technology is being incorporated into contemporary fighter aircraft, naval ships, and terrestrial defence systems.

Rising Demand for Radar in the Automotive Sector

The flourishing automotive sector significantly contributes to the surging demand for radar, especially with the increasing adoption of Advanced Driver Assistance Systems (ADAS) and autonomous driving technologies. Radar systems play a crucial role in functionalities such as adaptive cruise control, collision avoidance, blind-spot monitoring, and parking assistance.

Growing Marine Security and Surveillance Activities

Nations with maritime interests are allocating resources towards radar systems to oversee their coastlines and safeguard against various threats, including illegal fishing, smuggling, piracy, and unauthorised incursions. These systems play a vital role in upholding national security and asserting sovereignty over territorial waters.

Integration of Artificial Intelligence and Machine Learning in Radars

The integration of artificial intelligence and machine learning into radar systems is becoming more prevalent, significantly enhancing their data processing abilities. These advanced technologies allow radars to eliminate background noise, precisely recognise and categorise objects, and forecast movements by analysing historical data, thereby improving their overall performance.

Global Radar Market Trends

Radar systems play a crucial role in enhancing situational awareness and providing real-time data on maritime activities. These systems enable countries to detect and track vessels operating within their territorial waters, allowing for timely responses to suspicious or illegal activities. By integrating radar technology with other surveillance tools, such as satellite imagery and aerial reconnaissance, nations can create a comprehensive maritime domain awareness framework.

Global Radar Industry Segmentation

Global Radar Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Component

• Antenna
• Transmitter
• Receiver
• Others

Market Breakup by Radar Service

• Installation/Integration
• Support and Maintenance
• Training and Consulting

Market Breakup by Platform

• Ground-Based
• Airborne
• Naval
• Space Based

Market Breakup by End Use

• Military Applications
• Air Traffic Control
• Remote Sensing
• Ground Traffic Control
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Radar Market Share

Based on the radar service, the market is segmented into installation/integration, support and maintenance, and training and consulting. The support and maintenance segment is projected to grow at a CAGR of 4.5% during the forecast period of 2024-2032. The maintenance and support of radar systems encompass regular inspections, repairs, and enhancements to guarantee peak performance and dependability. Efficient support and maintenance reduce downtime, prolong the lifespan of the equipment, and ensure the precision of radar data, which is essential for safety and operational effectiveness across a range of applications.

Leading Companies in the Global Radar Market

Major players are focusing on the adoption of advanced radar technologies to gain a competitive edge in the market.

• Honeywell International Inc.
• Lockheed Martin Corporation
• Northrop Grumman Corp.
• BAE Systems Plc
• RTX Corp.
• Thales S.A.
• Saab AB
• SRC Inc.
• General Dynamics Corp.
• Leonardo S.p.A
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.