Global Radar Systems Market Growth (Status and Outlook) 2023-2029

Global Radar Systems Market Growth (Status and Outlook) 2023-2029

Radar is an object-detection system that uses radio waves to determine the range, angle, or velocity of objects. It can be used to detect aircraft, ships, spacecraft, guided missiles, motor vehicles, weather formations, and terrain. A radar system consists of a transmitter producing electromagnetic waves in the radio or microwaves domain, a transmitting antenna, a receiving antenna (often the same antenna is used for transmitting and receiving) and a receiver and processor to determine properties of the object(s). Radio waves (pulsed or continuous) from the transmitter reflect off the object and return to the receiver, giving information about the object's location and speed.
LPI (LP Information)' newest research report, the “Radar Systems Industry Forecast” looks at past sales and reviews total world Radar Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Radar Systems sales for 2023 through 2029. With Radar Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Radar Systems industry.
This Insight Report provides a comprehensive analysis of the global Radar Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Radar Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Radar Systems market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Radar Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Radar Systems.
The global Radar Systems market size is projected to grow from US$ 20310 million in 2022 to US$ 26070 million in 2029; it is expected to grow at a CAGR of 3.6% from 2023 to 2029.
Global Radar Systems key players include Lockheed Martin, Raytheon, Northrop Grumman, etc. Global top three manufacturers hold a share over 30%.
North America is the largest market, with a share about 40%, followed by Europe, and China, both have a share over 35 percent.
In terms of product, Pulsed Radar is the largest segment, with a share over 80%. And in terms of application, the largest application is Long Range Radars, followed by Medium Range Radars, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Radar Systems market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Pulsed Radar
Continuous Wave (CW) Radar
Segmentation by application
Short Range Radars
Medium Range Radars
Long Range Radars
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Lockheed Martin
Raytheon
Northrop Grumman
Saab Group
L3 Harris
BAE Systems
Leonardo SpA
Rheinmetall AG
Israel Aerospace Industries Ltd
Hensoldt
Aselsan
Thales
Indra Sistemas, S.A
Reutech Radar Systems
Terma

Please note: The report will take approximately 2 business days to prepare and deliver.