The global radar systems market is expected to grow at a CAGR of 4.5% during the forecast period. Radar systems have been used in military applications for missile control, ground surveillance, fire control, air traffic control (ATC), moving target indication (MTI), weapons location, and vehicle search. Different types of radar are used in the defense industry for different applications. For security concerns, the countries use radar systems to protect their boundaries from infiltration. To be in competition the companies are launching new products, mergers, and acquisitions.
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Recent Strategic Initiatives
- In December 2021, Joby acquired radar developer Inras GmbH. Joby’s acquisition of Inras is a part of the Company’s strategy to maintain leadership in key advanced technologies by seeking out proven leaders in their field.
- In October 2021 Ambarella to acquire Oculii and expand into radar & sensor fusion. The fusion of Ambarella’s camera technology and Oculii’s radar software stack provides an all-weather, low-cost, and scalable perception solution, enabling higher levels of autonomy for automotive tier 1s and OEMs globally.
- In June 18, 2021, Israel Aerospace Industries to sell Germany 69 radar systems for nearly $37.5 million. IAI’s radar enables a high probability of target detection and tracking to support complex missions.
Global Radar Systems Market Report by Segment
By Type
- Ground Based
- Naval
- Airborne
- Space Based
By Application
- Air Traffic Control
- Remote Sensing
- Ground Traffic Control
- Space Navigation & Control
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Radar Systems Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Airbus SE
- Elbit Systems
- Garmin Ltd.
- General Dynamics Corp.
- Honeywell International Inc.
- Infineon Technologies AG
- Israel Aerospace Industries Ltd.
- L3Harris Technologies
- Leonardo S.p.A.
- Mitsubishi Electric Corp.
- NXP Semiconductors N.V.
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