Radar Market Soars: Valued at USD 10.5 Billion in 2022, Projections Set to Surpass USD 17.8 Billion by 2029 with a 7.2%

Radar Market Scope and Research Methodology

The Maximize Market Research's report on the Radar Market offers a comprehensive analysis of the global market landscape, covering the period from 2023 to 2029, with 2023 as the base year and 2018 to 2023 as the historical period. This study aims to provide readers with valuable insights to facilitate key business decisions, drawing from a wealth of information gathered throughout the research process.

The analysis of the Radar industry is grounded in a meticulous examination of the market, leveraging both secondary and primary sources. To determine market volume, a country-by-country model is employed, mapping the landscape of Radar through the use of internal and external proprietary information, alongside pertinent patent and regulatory sources. The competitive dynamics of the Radar market are explored by scrutinizing various factors influencing the market at both micro and granular levels. Researchers in the Radar sector make predictions and projections, formulating market forecasts through a comprehensive review of historical data, current trends, and significant company announcements.

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Radar Market Drivers:

The global radar market develops and deploys radar systems for a wide range of applications and is rapidly expanding. Radar uses electromagnetic waves to identify and track objects in the environment. It is used in defense, aviation, automobile, maritime, weather forecasting, and surveillance applications. Several factors contribute to radar market growth. First, improved radar systems are required to improve military capabilities as countries increase defense spending. Radar contributes to military surveillance, target detection, missile guidance, and air traffic control.

Radar Industry Segments Covered:

By End-User Industry: Segmenting the radar market by end-user industry provides insights into the specific needs and demands of different sectors. Possible segments include defense and military, aviation, automotive, maritime, weather forecasting and surveillance and security. Each industry has unique requirements and challenges and understanding these help companies develop tailored solutions and effectively target their marketing efforts.

By Range: Radar systems be segmented based on their range capabilities, such as short-range radar, medium-range radar and long-range radar. This segmentation approach allows companies to cater to specific distance requirements for different applications. For example, short-range radar systems are commonly used in parking assistance systems, while long-range radar systems are critical for military surveillance and air traffic control.

by Range

Short-Range Radar
Medium-Range Radar
Long-Range Radar

by End-User

Defense And Military
Aviation
Automotive
Maritime
Weather
Surveillance And Security

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Radar Market Major Players:

North America:
Raytheon Technologies Corporation (United States)
Lockheed Martin Corporation (United States)
Northrop Grumman Corporation (United States)
Collins Aerospace (United States)
L3Harris Technologies, Inc. (United States)

Europe:
Thales Group (France)
BAE Systems plc (United Kingdom)
Leonardo S.p.A. (Italy)
Saab AB (Sweden)
Hensoldt (Germany)

Radar Market by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Key Questions Answered in the Radar Market Report are:

What is the timeframe covered in the market analysis?
What sources were utilized in conducting the research?
How is the market volume determined?
What factors contribute to the competitive environment in the Radar market?
How are predictions and projections generated in the Radar sector?

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