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

Global Radar Systems and Technology 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 objects. 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 and Technology Industry Forecast” looks at past sales and reviews total world Radar Systems and Technology sales in 2022, providing a comprehensive analysis by region and market sector of projected Radar Systems and Technology sales for 2023 through 2029. With Radar Systems and Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Radar Systems and Technology industry.

This Insight Report provides a comprehensive analysis of the global Radar Systems and Technology 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 and Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Radar Systems and Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Radar Systems and Technology 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 and Technology.

The global Radar Systems and Technology market size is projected to grow from US$ 19740 million in 2022 to US$ 25700 million in 2029; it is expected to grow at a CAGR of 3.8% from 2023 to 2029.

Lockheed Martin is one of the most important global key players of the radar systems and technology, holds over 10% of shares of the global radar systems and technology market, other key players include Saab Group, Raytheon, etc. North America is the largest market, occupied for over 30 percent, followed by the Asia Pacific. In terms of type, ground-based radar systems is the largest segment, with a share of over 70%, and in terms of application, the military and defense segment holds a share of about 70 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Radar Systems and Technology market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Ground-Based Radar Systems
Airborne Radar Systems
Naval Radar Systems

Segmentation by application
Military and Defense
Commercial and Civil

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
Hensoldt
Aselsan
Thales
Indra Sistemas
Reutech Radar Systems
Terma

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