Radar Market Outlook – 2028
The global radar market size was valued at $32.56 billion in 2019 and is projected to reach $44.35 billion by 2028, registering a CAGR of 4.7% from 2021 to 2028. Radar is an electromagnetic system, which detects the location and distance of objects and uses radio waves to determine the spread, angle, and speed of an object, which falls within its radius. The radar comprises a transmitter to produce an electromagnetic signal, which is radiated into space by an antenna. It is used to forecast and detect spacecraft, aircraft, missiles, weather, and other forms of vehicles. Radar systems are majorly used in industrial applications such as speed monitoring, object recognition & tracking, area & distance monitoring, and collision avoidance with static & moving objects, owing to their high robustness in measuring distances, velocities, and angles as compared to optical or ultrasound systems.
Radar was initially developed for defense and military purposes. However, with upcoming technologies and innovations, modern radar systems is primarily applicable for air traffic control, radar astronomy, weather formation, and meteorological monitoring. In addition, it is incorporated in air defense systems, anti-missile systems, and aircraft anti-collision systems.
Furthermore, the radar system is widely used in the automotive industry, which has enhanced safety features in passenger cars and other transport systems. Radar deployed in automotive assists in lane changing, aids in cruise control, which allows adjusting the vehicle speed to maintain a safe distance from vehicles ahead, and delivers collision warning, assisting drivers about the possible threats.
The rise in preference of economically emerging nations toward deployment of radar technology in various passenger and commercial vehicles is a key factor that drives the growth of the global radar market. In addition, the increase in demand for high-end passenger cars, the rise in concerns about vehicle & driver safety, and the implementation of safety regulations contribute toward the growth of the global radar industry.
Furthermore, the growth of the global radar industry is driven by an increase in demand for radar systems and a high defense budget due to a rise in security-related issues. However, adverse climatic conditions result in the malfunctioning of the radar system, which acts as a major restraint of the radar market.
Highly advanced radar systems are used for digital signal processing and are capable of extracting information from high noise levels, which is an internal source of random variations in the signal that is generated by all electronic components. For instance, in the aviation sector, aircraft are equipped with radar systems, which enable the detection of obstacles, help forecast weather information, and provide accurate altitude details to assist the pilot in taking necessary actions.
Key Takeaways
- The global market study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
- More than 1,500 product literature, industry releases, annual reports, and other such documents of major market industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
- The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions to achieve their most ambitious RADAR market growth objectives.
By Platform
Ground radar segment is projected as one of the most lucrative segments.
The global radar market is segmented based on product type, platform, application, end user, and region. By offering, the market is segmented into hardware, software, and services. The hardware segment is further categorized into antenna, receiver, transmitter, duplexer, and others. The service segment is further bifurcated into installation and integration segments. By product type, the market is fragmented into continuous wave radar, pulse radar, and others. Based on the platform, it is classified into marine, air, ground, and space. The applications covered in the study include air traffic control, remote sensing, ground traffic control, and space navigation & control. Depending on the end-user, the market is segregated into automotive, aviation, industrial, weather monitoring, military & defense, and others.
By End User
Military and Defense segment is expected to secure leading position during forecast period.
Key Market Dynamics
The RADAR market is poised for growth due to the rising demand for advanced sensing technologies across various applications, including automotive, aerospace, and defense. Increasing safety regulations and the push for autonomous vehicles are driving the adoption of RADAR systems for collision avoidance and adaptive cruise control. Additionally, innovations in radar technology, such as phased array and solid-state RADAR, are enhancing performance and capabilities. The growing emphasis on smart city infrastructure and surveillance systems further supports market expansion. As industries seek reliable and accurate sensing solutions, the RADAR market is expected to witness substantial advancements and investments.
Regional/Country Market Outlook
- North America: North America leads the RADAR market, primarily due to advancements in automotive safety technologies and defense applications. The increasing demand for autonomous vehicles and smart city initiatives drives investments in RADAR systems, ensuring continued innovation and growth in the region.
- Asia-Pacific: The Asia-Pacific RADAR market is witnessing robust growth, propelled by rising demand in the automotive and defense sectors. Countries like Japan and China are investing heavily in advanced RADAR technologies for applications ranging from traffic management to military surveillance, enhancing overall market prospects.
- Europe: Europe’s RADAR market is evolving, with a focus on safety and regulatory compliance, particularly in the automotive industry. The region’s emphasis on developing autonomous driving technologies and smart transportation systems drives the demand for advanced RADAR solutions, fostering collaboration among manufacturers and technology providers.
- LAMEA: The LAMEA RADAR market is gradually growing, with increasing investment in defense and surveillance applications. Countries in the region are exploring advanced RADAR technologies to enhance security and transportation systems, although challenges related to technology adoption and infrastructure may impact overall growth.
By Region
Asia-Pacific region would exhibit the highest CAGR of 6.4% during 2021-2028
Top Impacting Factors
The prominent factors that impact the radar market growth are an increase in demand for radar systems in the automotive & defense industry, advancement in radar technology, and an increase in territorial battles. However, adverse climatic conditions restrict the market growth. On the contrary, the deployment of lightweight radars in aerial vehicles is expected to create lucrative opportunities for the market. Each of these factors is likely to have a definite impact on the growth of the global radar market during the forecast period.
Competition Analysis
Competitive analysis and profiles of the major radar market players such as Northrop Grumman Corporation, Lockheed Martin Corporation, SAAB AB, Rockwell Collins Inc., Thales Group, Honeywell International Inc., L-3 Communications Holdings, General Dynamics Corporation, BAE Systems, and Dassault Aviation are provided in this report.
Report Coverage & Deliverables
This report delivers in-depth insights into the RADAR market overview into product type, platform, application, end user, region, and major players' key strategies. It offers detailed market forecasts and emerging trends.
Offering Segment
The market is segmented by offering hardware, software, and services. The hardware segment is further categorized into components such as antenna, receiver, transmitter, duplexer, and others, which are essential for the functionality of RADAR systems. The service segment is bifurcated into installation and integration services, ensuring that RADAR systems are effectively deployed and seamlessly integrated into existing infrastructures.
Product Type Segment
By product type, the market is fragmented into continuous wave radar, pulse radar, and others. Continuous wave radar is widely used in applications requiring real-time data transmission and monitoring, while pulse radar is favored for its longer detection range and accuracy. Both types play critical roles in various industries, contributing significantly to market growth.
Platform Segment
Based on platform, the market is classified into marine, air, ground, and space. The ground platform segment holds a significant share, driven by its extensive applications in ground traffic control and surveillance. As the demand for enhanced ground monitoring systems increases, this segment is expected to see robust growth in the coming years.
Application Segment
The applications covered in the study include air traffic control, remote sensing, ground traffic control, and space navigation & control. Each application plays a vital role in enhancing operational efficiency and safety in its respective domain. Air traffic control, for instance, relies heavily on RADAR systems to ensure safe and efficient aircraft movement.
End-User Segment
Depending on the end-user, the market is segregated into automotive, aviation, industrial, weather monitoring, military & defense, and others. The military & defense segment is expected to dominate the market due to the increasing investments in advanced RADAR technologies for surveillance and security purposes. As nations prioritize national security and defense capabilities, this segment is projected to experience significant growth.
Regional Analysis
Regionally, the RADAR market is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific is the largest market for RADAR systems, driven by rapid industrialization, increasing defense expenditures, and a growing focus on advanced monitoring and surveillance solutions. Countries such as China and India are significantly investing in enhancing their defense and aerospace capabilities. North America remains a key player, supported by technological advancements and substantial government investments, while Europe also shows a steady demand for RADAR technologies across various applications. Each region presents unique opportunities and challenges that will influence the overall growth trajectory of the RADAR market
Key Strategies and Developments
- On September 4, 2023 - Mobileye and Valeo announced a partnership to deliver world-class imaging radars for next-generation driver assist and automated driving features. This collaboration aims to bring high-definition imaging radars to global automakers, enhancing vehicle safety and performance. The imaging radar technology will provide a detailed, four-dimensional image of surroundings up to 300 meters away, with a 140-degree field of view at medium range and a 170-degree field of view at close range. This partnership leverages Mobileye’s advanced radar architecture and Valeo’s expertise in system design and production.
- On June 15, 2024 - Raytheon Technologies launched the AN/APG-85 radar system, designed for advanced fighter jets. This radar offers enhanced target detection and tracking capabilities, providing superior situational awareness and operational effectiveness in complex environments. The AN/APG-85 is an active electronically scanned array (AESA) radar that will be integrated into all variants of the F-35 aircraft from Lot 17 onwards. It features high-resolution synthetic aperture radar (SAR) imaging for detailed ground target analysis and seamless integration with other aircraft systems34.
- On August 22, 2024 - Thales and Leonardo announced a collaboration to develop a new generation of multi-mission radars for naval applications. This partnership aims to integrate cutting-edge radar technology to improve maritime surveillance and defense capabilities. The new radars will combine Thales’ expertise in radar systems with Leonardo’s advanced electronic warfare solutions, providing enhanced threat detection and response capabilities. This collaboration will support the development of versatile radar systems capable of performing multiple functions simultaneously.
Key Benefits For Stakeholders
- This study comprises an analytical depiction of the global radar market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall radar market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current radar market forecast is quantitatively analyzed from 2019 to 2028 to benchmark financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the radar market share of key vendors.
- The report includes the market trends and the market share of key vendors.
Radar Market Report Highlights
| Aspects | Details |
 By Platforms |
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 By Product Type |
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 By Application |
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 By End User |
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 By Region |
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 Key Market Players | L3 TECHNOLOGIES, INC. (L3HARRIS TECHNOLOGIES, INC.), Northrop Grumman Corporation, BAE Systems, Lockheed Martin Corporation, Honeywell International Inc., Saab AB, Rockwell Collins, Inc., Thales Group, General Dynamics Corporation, Dassault Aviation |
Analyst Review
Radar system is used for detecting, tracking, locating, and recognizing objects at considerable distances. Radar operates by transmitting electromagnetic energy toward objects, which are referred to as targets. Modern radar systems are equipped with digital signal processors, solid-state modules, and complex A–D converters; thereby, fueling their demand majorly in the military & defense sector.
Major factors that drive the growth of the global radar market are increase in demand for radar systems in the automotive & defense industries, advancement in radar technology, and increase in territorial battles. However, adverse climatic conditions result in the malfunction of the radar systems, which hampers the market growth. Conversely, high investment from developed countries in the military sector is expected to create lucrative opportunities for the radar market.
The key players of the market focus on introducing technologically advanced products to remain competitive in the market. Expansion and acquisition are expected to be the prominent strategies adopted by the market players. North America accounted for a major share of the market in 2019, owing to the presence of major players in the region; however, Asia-Pacific is expected to grow at the highest CAGR, owing to rise in adoption of radar systems in a variety of fields
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