DUBLIN – (BUSINESS WIRE) – The “Radar Systems Market by Application, Platform (Air, Marine, Unmanned, Land, Space), Frequency Band, Type, Component, Range, Dimension, Technology, & Region, (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) – Forecast to 2026 “ report has been added to ResearchAndMarkets.com’s offering.
The radar systems market is estimated to be USD 32.5 billion in 2021 and is projected to reach USD 41.0 billion by 2026, at a CAGR of 4.8% from 2021 to 2026.
Increasing demand for advanced weather monitoring radar to drive the market for radar systems during the forecast period
Weather monitoring radar, also known as weather surveillance radar (WSR) and Doppler weather radar, are developed to detect precipitation (rain, snow, and hail, among others) and calculate its direction of motion in order to estimate weather conditions in a particular region at a given time. These radar are used across commercial, scientific, and military applications, with many companies actively developing new technologies for use in weather monitoring. For instance, In June 2020, Honeywell (US) developed the IntuVue RDR-7000 Weather Radar System, which can be used in military and defense applications. The IntuVue RDR-7000 can also be used on urban mobility platforms such as air taxis and airborne emergency vehicles.
Development of Active Electronically Scanned Array Radar
Active electronically scanned array (AESA) radar technology is a module containing a new generation of transceiver modules. Software-defined radio (SDR) is used for radio communication because of its high data rates. The use of AESA technology is growing rapidly because of its enhanced reliability and affordability and is expected to replace conventional radar systems in the near future. This has allowed countries such as the US, Norway, the Netherlands, India, and Israel, among others, to incorporate AESA into legacy / old systems on land, sea, and airborne platforms.
Due to its resistance to electronic jamming, low interception, high reliability, and multi-mode capability, countries around the world are adding AESA radar into their military aircraft and vessels and manufacturers around the world are working to meet demand. Incorporating AESA radar into aircraft / sea / or ground platforms will remain relevant as electronic warfare becomes more important and without AESA, modern conventional militaries are obsolete.
Europe: The largest contributing region in the radar systems market.
Europe is the largest market for radar systems in terms of demand as well as the presence of key radar systems manufacturers. The region accounted for a total share of 33.8% of the global Radar systems market in 2020. Europe has many countries that invest a good amount of money in defense infrastructure. This results in a high requirement of radar systems in Europe.
Market Dynamics
Drivers
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Emergence of Modern Electronic Warfare and Network-Centric Warfare
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Development of Phased Array Solid-State Radar
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Significant Investments by Governments to Upgrade Existing Fighter Aircraft Radar
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Increasing Defense Expenditure of Emerging Economies
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Increased Demand for Advanced Weather Monitoring Radar
Restraints
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Limited Bandwidth for Commercial Applications due to Preference for Military Use
Opportunities
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Rise in Adoption of Unmanned Aerial Vehicles and Lightweight Radar
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Development of Low-Cost and Miniaturized Radar
Challenges
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Stringent Cross-Border Trading Policies
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Susceptibility to New Jamming Techniques
Companies Mentioned
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Northrop Grumman Corporation
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Lockheed Martin Corporation
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Raytheon Technologies Company
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The Boeing Company
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General Dynamics Corporation
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Thales
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Kongsberg
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Saab Ab
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Honeywell International Inc.
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Bae Systems
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Leonardo SPA
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Israel Aerospace Industries
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Aselsan AS
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Elbit Systems
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Indra Company
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Garmin Limited
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Bharat Electronics Ltd.
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Airbus Group
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Mitsubishi Electric
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L3Harris Technologies
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Src, Inc.
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Hensoldt Ag
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Telephonics Corporation
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Ainstein Radar Systems
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Optimare Systems GmbH
For more information about this report visit https://www.researchandmarkets.com/r/guyh9