The global radar market is growing at a considerable CAGR of 3.7% during the forecast period. Increasing adoption of system owing to growing demand of weather-based application is one of the prime factors affecting and driving the market. Increasing investment in military and security along with easy penetration of mediums that includes clouds, fogs and snow among others is also estimated to be the key factors that are contributing significantly towards the growth of the market. However, high cost that is involved in radar systems is the major factors constraints that are hindering the growth of the global radar market across the globe.
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Further, growing possibility of data collection in industrial segment along with rising funding in systems in radar are some of the key factors that are creating opportunity for the market. New strategic launch in the market are likely to drive the growth of the global radar market. For instance, in June 2020, L3Harris Technologies, Inc. had received the contract from the US Defense Government in order to develop, test and deliver AN/SPS-48G(V)1 radar data processor along with radar display.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Radar Market by Type
- Pulsed Radar
- Continuous Wave Radar
Global Radar Market by Application
- Weather Monitoring
- Automotive
- Industrial
- Aerospace and Defense
Global Radar Market by Range
- Short Range Radar
- Medium Range Radar
- High Range Radar
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Accipiter Radar
- ASELSAN A.?.
- BAE Systems
- Building Radar GmbH
- Boeing
- Cambridge Pixel Ltd.
- CI Radar
- Dassault Aviation
- Elta Systems Ltd.
- Fortem Technologies, Inc.
- General Dynamics Corp.
- General Motors
- HENSOLDT
- Hans Turck GmbH & Co. KG
- IMSAR LLC.
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Lockheed Martin Corp.
- Northrop Grumman
- SAIC
- Thales Group
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global radar market .Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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