Radar Systems and Technology Market Growth, Trend, and Prospects from 2023–2030

3 min readAug 18, 2023

Radar Systems and Technology Market Growth

The Radar Systems and Technology Market is expected to grow from USD 20.20 Billion in 2022 to USD 26.00 Billion by 2030, at a CAGR of 3.69% during the forecast period.

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Radar Systems and Technology Market Size

Radar systems and technology involve the use of radio waves to detect and locate objects. The market research report for radar systems and technology is segmented based on type, application, and region. The types of radar systems include ground-based, airborne, and naval systems while the applications include military and defense, commercial, and civil. The regions covered in the report are North America, Asia Pacific, Middle East, Africa, Australia, and Europe, with market players such as Lockheed Martin, Raytheon, Thales, BAE Systems, Northrop Grumman, Indra, Saab, General Dynamics, Leonardo, and Reutech Radar Systems. The market’s regulatory and legal factors will be assessed based on the specific market conditions that affect the demand for radar systems and technology in each region. The report will provide valuable insights into market trends and help industry players make informed decisions on investment and growth strategies for the future.

Radar Systems and Technology Key Players

Mazor Key Player is listed in the Radar Systems and Technology

Lockheed Martin

Raytheon

Thales

BAE Systems

Northrop Grumman

Radar Systems and Technology Market Segment Analysis

The Radar Systems and Technology market is a niche, yet growing segment that has seen a steady increase in revenue over the past few years. This market primarily caters to the defense and military industries, but also includes a significant presence in the aviation and marine sectors.

The major factor driving the revenue growth of the Radar Systems and Technology market is the increasing demand for enhanced situational awareness and security measures. The rise in global geopolitical tensions and the need for advanced military defenses are fueling the growth of the market. Moreover, the development of next-generation radar systems, such as active electronically scanned arrays (AESAs), has also contributed to the market’s rapid growth.

The Radar Systems and Technology market is evolving with the latest trends. There is a growing focus on developing multi-function radar systems that can perform multiple tasks simultaneously, such as surveillance, target acquisition, and tracking. Additionally, there is a significant investment in the development of unmanned aerial systems (UAS) that use radar technology for navigation and situational awareness.

One of the major challenges faced by the Radar Systems and Technology market is the complex regulatory environment. The unique nature of the military and defense industry requires strict compliance with varied regulations and certifications. Additionally, the threat of cyber attacks on critical infrastructures and the need for secure communication systems present another challenge for the market.

The report’s main findings suggest that the global Radar Systems and Technology market is expected to grow at a CAGR of 4.52% from 2021 to 2026. The report explores key players in the market, including Lockheed Martin Corporation, Raytheon Technologies Corporation, Saab AB, Terma A/S, and Northrop Grumman Corporation. The report also provides recommendations for market participants to capitalize on the opportunities presented by the growing market demand. These recommendations include increasing investments in research and development, emphasizing collaborations and partnerships, and expanding geographic presence.

This report covers impact on COVID-19 and Russia-Ukraine wars in detail.

Market Segmentation (by Application)

Military and Defense

Commercial and Civil

Market Segmentation (by Type)

Ground-Based Radar Systems

Airborne Radar Systems

Naval Radar Systems

Market Segmentation (by Region)

North America

Asia Pacific

Europe

USA

China