The Global Radars Market is expected to grow at a significant CAGR during the forecast period (2024-2031). Radar is an electromagnetic system that detects the position and distance of objects and determines the spread, angle, and speed of items that fall inside their radius using radio waves. Radar is made up of a transmitter that generates an electromagnetic signal, that is then sent into space via an antenna. It is used to predict and track spacecraft, planes, missiles, weather, and other types of vehicles. Due to their higher robustness in measuring distances, velocities, and angles than optical or ultrasound systems, radar systems are commonly used in industrial applications such as speed monitoring, object recognition & tracking, area & distance monitoring, and collision avoidance with static & moving objects.
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Over the forecast period, rising protection and safety interests, as well as an increase in defence budgets, are expected to drive market growth. Furthermore, the construction of new airports and docks throughout the globe is expected to greatly contribute to the market’s overall growth. The growing number of terrorist drills, as well as nation-state disputes and border infiltrations, are driving up demand for radar. The emergence of global maritime trade and the shipping of vast amounts of goods is shifting the balance in favour of supply and demand. Radar may be used to track these containers, which is expected to have a significant impact on market growth.
For digital signal processing, very advanced radar systems are employed, which are capable of extracting information from high noise levels, which are an intrinsic source of random fluctuations in the signal created by all electronic components. In the aviation industry, for instance, aeroplanes are equipped with radar systems that allow for the identification of obstructions, the forecasting of weather information, and the provision of correct altitude information, to help the pilot in taking appropriate measures.
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Market Coverage
- Segment Covered-
o By Type
o By Range
o By Band
o By Application
- Competitive Landscape: Sensors & Software Inc., Guideline Geo, Chemring Group PLC, GSSI Geophysical Survey Systems, Inc., HEXAGON, US Radar, Radiodetection Ltd., and PENETRADAR CORPORATION among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Radars Market Report
By Type
- Detection and Search
- Targeting Radars
- Weather Sensing Radars
- Navigational Radars
- Mapping Radars
By Range
- Short Range
- Medium Range
- Long Range
By Band
- L-band
- S-band
- C-band
- X-band
- Ku-band
- Ka-band
By Application
- Defence & Aerospace
- Marine
- Weather Forecasting
- Remote Sensing
- Automotive
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