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Report Overview

The global radar market reached around USD 37.64 Billion in 2024. The market is projected to grow at a CAGR of 3.70% between 2025 and 2034 to reach nearly USD 54.13 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • In 2023, the total global military spending amounted to $2,443 billion, reflecting a real-term increase of 6.8% compared to 2022.
  • The automotive sector represents approximately 3% of the global GDP, with the highest proportion found in emerging markets like China and India, where it constitutes 7% of their respective GDPs.
  • The aviation sector contributes $3.5 trillion globally, which accounts for 4.1% of the global gross domestic product.

Compound Annual Growth Rate

Value in USD Billion

3.7%

2025-2034


Radar Market Outlook

*this image is indicative*

Global Radar Market Report Summary Description Value
Base Year USD Billion 2024
Historical Period USD Billion 2018-2024
Forecast Period USD Billion 2025-2034
Market Size 2024 USD Billion 37.64
Market Size 2034 USD Billion 54.13
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 3.70%
CAGR 2025-2034 - Market by Region Asia Pacific 4.1%
CAGR 2025-2034 - Market by Country USA 4.0%
CAGR 2025-2034 - Market by Country China 3.9%
CAGR 2025-2034 - Market by Radar Service Support and Maintenance 4.5%
CAGR 2025-2034 - Market by Platform Space Based 4.7%
Market Share by Country 2024 Brazil 2.6%

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

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 USD Billion 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

CAGR 2025-2034 - Market by Country
USA 4.0%
China 3.9%
UK 3.8%
Brazil 3.5%
Germany 3.4%
Canada XX%
France XX%
Italy XX%
Japan XX%
India XX%
Australia XX%
Saudi Arabia XX%
Mexico 3.2%

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 2025-2034. 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.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the market attained a value of nearly USD 37.64 Billion.

The market is assessed to grow at a CAGR of 3.70% between 2025 and 2034.

The market is estimated to reach around USD 54.13 Billion by 2034.

The market is being driven by the rising defence and national security expenditure and increasing demand for radars in the automotive sector.

The key trends aiding the market expansion include growing marine security and surveillance activities and the integration of artificial intelligence and machine learning in radars.

The major end uses of radar are military applications, air traffic control, remote sensing, and ground traffic control, among others.

The major regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The major players in the market are Honeywell International Inc., Lockheed Martin Corporation, Northrop Grumman Corp., BAE Systems Plc, RTX Corp., Thales S.A., Saab AB, SRC Inc., General Dynamics Corp., and Leonardo S.p.A, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment

  • Component
  • Radar Service
  • Platform
  • End Use
  • Region
Breakup by Component
  • Antenna
  • Transmitter
  • Receiver
  • Others
Breakup by Radar Service
  • Installation/Integration
  • Support and Maintenance
  • Training and Consulting
Breakup by Platform
  • Ground-Based
  • Airborne
  • Naval
  • Space Based
Breakup by End Use
  • Military Applications
  • Air Traffic Control
  • Remote Sensing
  • Ground Traffic Control
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

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