The Commercial Radars Market Is Estimated To Reach $7.54 Billion By 2027 At A CAGR Of 6.0% – Includes Commercial Radars Market Size
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Increasing demand for drone detection systems (DDS) at airports are expected to drive innovation in commercial radars manufacturing, thus driving the market during the forecast period.
The global commercial radars market is expected to grow from $5.62 billion in 2022 to $5.98 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The global commercial radars market size is expected to grow to $7.54 billion in 2027 at a CAGR of 6.0%.
Get A Free Sample On The Global Commercial Radars Market Report:
- By Type: Commercial Aircraft Radars, Commercial Helicopters Radars, Business Jets Radars, Uav Radars
- By Technology: Quantum Radar, Conventional Radar, Software Defined Radar (Sdr)
- By Dimension: 2D, 3D, 4D
- By Application: Surveillance Radars, Surface Movement Radars, Precision Approach Radars, Weather Radars, Others
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global commercial radars market in 2021.
Major Market Players in the commercial radars market include TERMA, Hensoldt Inc., Detect Inc., Raytheon Technologies Corporation, NEC Corporation, Thales Group, Indra Sistemas SA.
Technological advancements and innovations in surface movement and air surveillance radars are major opportunities for the commercial radar market in the aerospace sector. Improved safety is provided by surface movement radars as they monitor the movement of aircraft and vehicles and provide advice and assistance for the safe and efficient movement of aircraft and vehicles in the manoeuvring area. In November 2021, Thales, a France-based developer, manufacturer, and distributor of electronic equipment and systems, launched the long-range 3D surveillance radar Ground Master 400 Alpha. The three-dimensional (3D) long-range air surveillance radar has a range extension of up to 515 km and advanced artificial intelligence (AI) capabilities. It also has five times more processing power. Built on the field expertise of the GM400, GaN technology, and other surveillance capabilities, the new GM400 Alpha radars enable operators to identify all short-range and long-range threats at all times. Thus, technological advancements and innovations in surface movement and air surveillance radars that keep track of vehicular traffic and human movement are major opportunities for the commercial radar market.
The Commercial Radars Global Market Report 2023 provides a commercial radars market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The commercial radars market forecast analyzes commercial radars market size, commercial radars market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
A commercial radar is a detection system used to detect the presence, direction, distance, and speed of an aircraft. The commercial radar includes components such as an array antenna front end, T/R modules, an array antenna backplane, a radar back end, a radar processor and display, and a radar scheduler.
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