Radar Market Size Worth $38.01 Billion By 2025 | CAGR: 3.8%: Grand View Research, Inc.

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25 Sep, 2019, 09:35 GMT

SAN FRANCISCO, Sept. 25, 2019 /PRNewswire/ -- The global radar market size is expected to be valued at USD 38.01 billion by 2025, registering a CAGR of 3.8% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing deployments of radars and security related issues across the globe are driving the market growth. Additionally, the market is also witnessing healthy growth in demand due to the increase in sea trade and travel activities across the globe. They have been used for understanding path patterns, altitude, and migration path. Additionally, weather radar systems are used for monitoring changes in climate patterns.

Key suggestions from the report:

The growing deployments of new antennas and upgrading of the existing radar systems are the key factors driving the growth of the antenna segment
The installation/integration service segment is expected to reach USD 6,127.5 million by 2025 owing to the increasing deployments of radars in emerging economies of Asia Pacific
The demand for ground-based radars is likely to increase owing to the development of new airports and terminal expansions in various economies across the globe
The X-band segment is projected to witness significant growth over the forecast period owing to the growing spending on the deployment of radars for military applications
The long-range radar segment growth can be attributed to the use of these radars for guiding space vehicles, tracking satellites, observing planetary equipment, and monitoring meteors
The growth of the air traffic control segment is being driven by the growing demand for efficient air traffic control
Asia Pacific regional market is anticipated to witness rapid growth owing to the rapid growth of industries & sectors such as defense, space, and aviation in the region
The key players operating in the radar market include Lockheed Martin Corporation; CollinsAerospace; Saab AB; Honeywell International Inc.; General Dynamics Corporation; BAE Systems; Northrop Grumman Corporation; Raytheon Company; and Thales Group.

Read 160 page research report with ToC on "Radar Market Size, Share & Trends Analysis Report By Component (Antenna, Transmitter, Receiver), By Service, By Platform, By Frequency Band, By Range, By End Use, By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/radar-market

Unlike earlier, now the deployment of radars is not limited to the military sector. These systems are now increasingly being adopted in air traffic control, remote sensing, ground traffic control, marine, and meteorological monitoring, among others. The growing adoption and deployment of radars in various sectors for different applications are anticipated to support the market growth over the forecast period.

The growth of the air travel industry is encouraging market players to offer airborne radars that operate between L and Ka bands. Short range targeting radars, particularly used for helicopters and tanks, function under the millimeter band. Long range, ground-based radars use lower frequencies and are increasingly being adopted for satellite communication applications. Additionally, a radar system reveals detailed information that is essential for flight operations in dense clouds and it can also be concluded that aircraft-based systems are witnessing high-scale deployment in order to enhance flight safety.

Grand View Research has segmented the global radar market on the basis of component, service, platform, frequency band, range, end use, and region.

Radar Component Outlook (Revenue, USD Million, 2014 - 2025)

Antenna
Transmitter
Receiver
Others

Radar Service Outlook (Revenue, USD Million, 2014 - 2025)

Installation/Integration
Support & Maintenance
Training & Consulting

Radar Platform Outlook (Revenue, USD Million, 2014 - 2025)

Ground-based
Naval
Airborne
Space-based

Radar Frequency Band Outlook (Revenue, USD Million, 2014 - 2025)

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

Radar Range Outlook (Revenue, USD Million, 2014 - 2025)

Long Range
Medium Range
Short Range

Radar End Use Outlook (Revenue, USD Million, 2014 - 2025)

Military Applications
Air Traffic Control
Remote Sensing
Ground Traffic Control
Others

Radar Region Outlook (Revenue, USD Million, 2014 - 2025)

North America

U.S.
Canada

Europe

Germany
UK

Asia Pacific

China
India
Japan

Latin America

Brazil

Middle East & Africa

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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