The Global Radar Systems Market Research Reportpublished by Emergen Research is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.
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The global radar systems market size was USD 32.48 Billion in 2021 and is expected to register a revenue CAGR of 4.6% during the forecast period. Increasing investments by governments for upgrading existing fighter aircraft radar, advancement of phased array solid-state radar, and increasing defense expenditure of emerging countries are key factors driving market revenue growth.
Vast number of small radiating components found in phased array antennas allow for comprehensive landscape mapping by phased-array radars. Such customized antennas concentrate on radar radiation into high-energy pencil beams that are steered electronically without the need for antenna construction to be physically moved, which is driving growth of the market. In addition, quick development of radar technology and use of advanced computer technology in commercial maritime radar, such as Automatic Radar Plotting Aids (ARPA) are also driving market revenue growth. By using radar plotting and calculations, ARPA speeds up the process from seeing target to locating data for radar users. Concerns about airborne fire control, early warning, surveillance, ground mapping, Air Traffic Control (ATC), and surface-to-air missile guidance are driving demand for military radars.
The report is updated with the impact of the COVID-19 pandemic on the Radar Systems market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Radar Systems market has been positive or negative. It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Radar Systems market.
The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Radar Systems market.
Leading manufacturers profiled in the report:
BAE Systems, Northrop Grumman, Boeing, Lockheed Martin Corporation, General Dynamics Corporation, Thales, Saab, Raytheon Technologies Corporation, Honeywell International Inc., Mitsubishi Electric Corporation, and L3Harris Technologies, Inc.
The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Radar Systems industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
Emergen Research has segmented the global radar systems market based on product, application, end-users, and region:
Product Outlook (Revenue, USD Billion; 2019-2030)
- Military aircraft
- Commercial aircraft
- Military vessels
- Commercial vessels
- Unmanned Ground Vehicle (UGV)
- Unmanned Aerial Vehicle (UAV)
- Unmanned Surface Vehicle (USV)
- Mobile radar systems
- Portable radar systems
Application Outlook (Revenue, USD Billion; 2019-2030)
- Remote sensing
- Air traffic control
- Ground traffic control
- Space navigation & control
End-Users Outlook (Revenue, USD Billion; 2019-2030)
- Military & defense
- Weather monitoring
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The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
- North America
- Rest of EU
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Objectives of the Report:
Study of the global Radar Systems market size by key regions, types, and applications with reference to historical data (2019-2020) and forecast (2022-2030)
Industrial structure analysis of the Radar Systems market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Radar Systems market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Radar Systems market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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