Global Radar System Market Outlook, Opportunities And Strategies – Includes Radar System Market Size
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The global radar system market is expected to grow from $25.98 billion in 2021 to $27.91 billion in 2022 at a compound annual growth rate (CAGR) of 7.4%. The global radar system market size is expected to grow to $37.04 billion in 2026 at a CAGR of 7.3%.
The rise in the utilization of radar systems for weather monitoring is expected to propel the growth of the radar system market.
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The radar system market consists of the sale of a radar system by entities (organizations, sole traders, and partnerships) that use electromagnetic signals to detect and locate objects like ships, vehicles, aircraft, and others. Radar systems operate by emitting electromagnetic energy into space and analyzing an echo that results from the radiated energy getting reflected by an object.
Global Radar System Market Segments Include:
By Component: Transmitter, Receiver, Antenna, Others
By Technologies: Continuous Wave (CW) Radar, Pulsed Radar
By Frequency Band: X-Band, S-Band, C-Band, Others
By Application: Air Traffic Control, Remote Sensing, Ground Traffic Control, Space Navigation and Control, Others
By End-user: Aviation, Maritime Applications, Automotive, Military and Defense
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global radar system market in 2021.
The 4D electronically scanned array radar is shaping the radar systems market. Many companies operating in radar systems are developing innovative 4D electronically scanned array radars to meet customer demands.
TBRC’s Radar System Market Report Covers:
Major Market Players: BAE Systems Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies, Saab AB, Thales Group, Honeywell International Inc., General Dynamics Corporation, Israel Aerospace Industries, Reutech Radar Systems, L3harris Technologies Inc., NXP Semiconductors N.V., Infineon Technologies AG, Reutech Radar Systems, and Elcome integrated.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Radar System Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides radar system market overviews, analyzes and forecasts market size, share, radar system market players, radar system market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s radar system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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