Radar Market Size, Share, and Trends 2024 to 2033

Radar Market Size and Growth

The global radar market size was USD 35.25 billion in 2023, calculated at USD 36.60 billion in 2024 and is expected to reach around USD 51.28 billion by 2033, expanding at a CAGR of 3.82% from 2024 to 2033. The growing terrorist activities, inter-country conflicts, and border infiltrations are considerably driving the demand for the radar market.

Radar Market Key Takeaways

• Asia Pacific dominated the radar market with the largest revenue share of 39% in 2023.
• North America is projected to witness the fastest growth in the market over the forecast period.
• By component, the antenna segment dominated the market in 2023.
• By component, the transmitters segment is projected to grow at the fastest rate in the market over the forecast period.
• By service, the installation/integration segment led the market in 2023.
• By service, the support & maintenance segment is expected to show the fastest growth in the market over the forecast period.
• By range, the long segment dominated the market in 2023.
• By range, the medium radar segment will experience the fastest growth in the market throughout the forecast period.
• By end use, the military applications segment dominated the market in 2023.
• By end use, the air traffic control segment is expected to grow at the fastest rate in the market during the projected period.

Asia Pacific Radar Market Size and Growth 2024 to 2033

The Asia Pacific radar market size was exhibited at USD 13.75 billion in 2023 and is projected to be worth around USD 20.26 billion by 2033, poised to grow at a CAGR of 3.95% from 2024 to 2033.

Asia Pacific dominated the radar market in 2023. Factors such as rapid economic development, increasing defense spending, and persistent geopolitical tensions are driving market growth in this region. Major contributors to this growth include countries like China, India, and Japan. Furthermore, the availability of funding and investments is expected to further boost the regional market. A significant ongoing trend in the Asia Pacific defense sector is research and development.

• In May 2023, Thales and Bharat Electronics Limited (BEL) signed a contract to supply multifunction radar systems for the Indian Navy's surface ships.

North America is projected to witness the fastest growth in the radar market over the forecast period. Major manufacturers invest in R&D to develop advanced radar solutions, driving the global market. Leading defense contractors and substantial government defense spending can fuel market growth. The region's strong market position is attributed to its emphasis on radar system innovation, particularly for military and air traffic control applications.

Radar production in the United States is driven by advanced technology and a robust defense sector. Radar is essential for space exploration, including asteroid tracking and planet mapping. Space agencies like NASA and the military regularly rely on radar technology for their missions. A large defense budget and cutting-edge defense capabilities contribute to the country's superior defense. Government spending and leading defense contractors further stimulate the radar market growth.

• In June 2024, India and the United States are preparing to jointly launch the NASA-ISRO Synthetic Aperture Radar to combat climate change and other global challenges.

Radar Market Overview

The radar market encompasses the creation, distribution, and application of radar systems across numerous global industries. These systems, which utilize radio waves to identify, track, and observe objects such as vehicles, airplanes, ships, and weather phenomena, are important for maritime navigation, weather prediction, military defense, air traffic management, and vehicle safety. This market includes various radar types, including weather, marine, surveillance, and automotive radar. Advances in technology, such as the incorporation of artificial intelligence, machine learning, and digital signal processing, fuel innovation in the radar sector by improving the precision, range, and functionality of radar systems.

Radar Market Growth Factors

• Growing fears about border security can increase the demand for radars and thus drive market growth.
• The growing need for air traffic management is expected to fuel the radar market growth.
• Commercialization of radar systems is also a key factor that can boost market growth further.
• Continuous developments in radar technology, such as the creation of smaller, lighter radar systems, can contribute to the radar market.

Radar Market Scope

Radar Market Dynamics

Driver

Use of AI technology in radar manufacturing

The growing market for UAVs is fueled by radar technology, which is used for navigation, collision avoidance, and real-time area monitoring. These factors drive the expansion and diversification of the radar market. Technological advancements and increased applications across various industries continue to create opportunities for radar system manufacturers and developers. Furthermore, Companies are leveraging AI technologies to develop radars for various industrial applications. A significant technological advancement has been the development of laser radar, which is particularly suited for automotive applications.

• In September 2023, ideaForge, a leading global drone technology and manufacturing company, signed a Memorandum of Understanding (MoU) with GalaxEye, a SpaceTech start-up and the first Indian earth observation satellite company. This strategic partnership aims to jointly develop a pioneering UAV FOPEN (Foliage Penetration) Radar customized for security forces for enhanced aerial surveillance and mapping capabilities

Restraint

Technical challenges associated with radar systems

A significant challenge in the radar market is the technical difficulties associated with radar systems. Issues like incompatibility between transmitter power and antenna size can compromise performance. High receiver noise and poor sensitivity can also limit effectiveness in certain scenarios. Overcoming these technical limitations requires ongoing research and development, which can be time-consuming and costly.

Opportunity

Adoption of digital beamforming technology

The integration of digital beamforming technology allows for electronic control of radar beams and offers benefits like better target detection, improved tracking, and increased flexibility in beam management. This trend is propelled by the growing need for the radar market products that can adapt to changing conditions, provide multiple functions, and support advanced signal processing methods. Digital beamforming technology also facilitates the efficient use of radar resources by enabling rapid scanning, electronic steering, and the simultaneous tracking of multiple targets.

• In June 2022, Leonardo unveiled the TMMR multi-mission tactical radar. Its new TMMR (Tactical Multi-Mission Radar) is a small and lightweight multi-mission radar for tactical use. According to Leonardo, the system already has a launch customer, which remains undisclosed. The first series production TMMR is in the testing trials phase.

Component Insights

The antenna segment dominated the radar market in 2023. The growth of this segment can be attributed to the rising demand for digital signal processing. Additionally, the increasing deployment of radar systems worldwide and the upgrading of existing systems are expected to create a strong demand for antennas in the global market.

• In September 2023, HJWave, a specialized RF company in the field of millimeter-wave autonomous driving (mmWave, 30-300GHz), announced the launch of a DWnT radar antenna solution applicable to the RF MMIC DF coupling method that supports autonomous driving.

The transmitters segment is projected to grow at the fastest rate in the radar market over the forecast period. This is because Transmitters are important in radar system design, generating short, high-power radio-frequency pulses. These pulses are emitted by antennas. The two main types of transmitters used in radar systems are power oscillator transmitters (POT) and power amplifier transmitters (PAT).

Service Insights

the installation/integration segment led the radar market in 2023. A long-range radar system is installed to detect enemy structures and units. it can differentiate between ground and air units but cannot identify types of units. The demand for specialized vehicles along with radar mounting systems is expected to grow during the forecast period, which can drive segment growth.

The support & maintenance segment is expected to show the fastest growth in the radar market over the forecast period. Segment growth is also influenced by the pace of radar deployment and the anticipated continuation of this trend. Furthermore, the intricate design and operations of radar systems require regular maintenance, including the use of dry-air and liquid cooling systems.

Range Insights

The long segment dominated the radar market in 2023. This is because Long-range radars are extensively employed in the aerospace and defense industries. They are deployed for surveillance purposes, including detecting weapons and pinpointing targets within the defense sector. The increasing defense spending of countries like Brazil, Russia, and India is generating opportunities for segment growth.

The medium radar segment will experience the fastest growth in the radar market throughout the forecast period. The Aptiv MRR (medium-range RADAR) is designed to detect various targets, such as pedestrians, bicycles, motorcycles, cars, and trucks in front of a host vehicle. Technological advancements drive innovation, improve product offerings, and enhance operational efficiencies. These RADAR systems are also deployed in groups, overwhelming defenses, and their high maneuverability allows them to fly at lower altitudes than other airborne threats and maintain stealth for extended durations.

• In June 2022, Magos Systems, the pioneer in advanced radar detection technology, introduced the SR-150 radar, a new radar that is ideal for smaller sites looking to implement enhanced radar detection and larger locations that need to fill a gap to address a dead zone in their perimeter protection.

End-use Insights

The military applications segment dominated the radar market in 2023. Radar systems are crucial in defense and military operations, offering vital functions like surveillance, target detection, tracking, and missile guidance. They are used for purposes such as air defense, border surveillance, maritime monitoring, and battlefield awareness. Given ongoing geopolitical tensions and rising defense expenditures globally, there continues to be strong demand for radar systems in the defense and military sectors.

The air traffic control segment is expected to grow at the fastest rate in the radar market during the projected period. The frequency of cargo planes and flights is expected to grow exponentially during this period. Moreover, rising air traffic requires an efficient traffic control system to prevent fatal events. These factors can boost the growth of the segment.

Radar Market Companies

• Raytheon Technologies Corporation (U.S.)
• Lockheed Martin Corporation (U.S.)
• Thales Group (France)
• Northrop Grumman Corporation (U.S.)
• Leonardo S.p.A. (Italy)
• Saab AB (Sweden)
• BAE Systems plc (UK)
• Honeywell International Inc. (U.S.)
• L3Harris Technologies, Inc. (U.S.)
• Israel Aerospace Industries Ltd. (Israel)
• Mitsubishi Electric Corporation (Japan)
• Rheinmetall AG (Germany)
• Indra Sistemas S.A. (Spain)
• Harris Corporation (U.S.)
• General Dynamics Corporation (U.S.)

Recent Developments

• In April 2023, Northrop Grumman unveiled its Digital Affordable Sensor System (DASS), a next-generation radar system designed for advanced airborne surveillance and reconnaissance missions.
• In March 2023, Raytheon Technologies announced a significant investment in Velodyne Lidar, a leading lidar technology company, to support the development of advanced radar and sensing solutions for autonomous systems.

Segments Covered in the Report

By Component

• Antenna
• Transmitter
• Receiver
• Others

By Service

• Installation/Integration
• Support & Maintenance
• Training & Consulting

By Platform

• Ground-based
• Naval
• Airborne
• Space-based

By Frequency Band

• L-band
• S-band
• C-band
• X-band
• Ku-band
• Ka-band
• Others

By Range

• Long
• Medium
• Short

By End-use

• Military Applications
• Air Traffic Control
• Remote Sensing
• Ground Traffic Control
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa