Radar systems market is expected to grow at a CAGR of 4.5% during the forecast period. Radar is an electromagnetic detection system which detects the location and distance of objects by using radio waves and also determines the distance, angle, and speed of an object that falls within its radius. It can detect ships, aircraft, guided missiles, weather formations, and others. Factors such as the increasing adoption of radar systems in defense and commercial aircraft, airport surveillance, unmanned vehicles, marine vessels, satellites, weather stations, and others are contributing to the growth of the global radar systems market. It is significantly used in the defense sector as it supports detecting air, land, and sea threats, such as missiles, ships, aircraft, and spacecraft.
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COVID-19 has impacted almost every industry drastically across the globe. The defense industry continues to operate despite the global pandemic and still has strong demand from clients. Owing to the international border lockdown and there was a barrier between import and export business which affected the suppliers and buyers. Production also suffered from this as the workforce decreased due to the pandemic.
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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 Inc., and others
Market Segmentation
Global Radar Systems Market by Type
- Ground based
- Naval
- Airborne
- Space based
Global Radar Systems Market by Application
- Air Traffic Control
- Remote Sensing
- Ground Traffic Control
- Space Navigation & Control
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
- 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.
- Raytheon Technologies Corp
- Rockwell Collins, Inc.
- SRC Inc.
- Thales S.A.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global radar systems 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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