Radar Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2033

 The radar market, valued at around USD 35,064.5 million in 2023, is set to grow significantly over the next decade. By 2033, it is projected to reach approximately USD 97,195.2 million, driven by an annual growth rate of 10.7%. This steady increase in revenue is largely due to advancements in radar technology, which have improved the precision and accuracy of high-resolution radar images.

The rising demand for radar technology spans several sectors, including weather forecasting, environmental monitoring, and defence. Additionally, radar is widely used in various industrial and commercial applications.

For instance, it helps prevent collisions in cars, assists in surveying and construction through ground-penetrating radar, and aids navigation with maritime radar. Airborne radar systems are also expected to see high demand due to ongoing geopolitical tensions and conflicts.

Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-267

Systems that use RADAR can calculate the velocity of objects in motion. With the help of RADAR systems, radio signals can cover large geographic areas at once. Many industries across the economic spectrum can benefit from RADAR data.

Due to the radar’s ability to function behind opaque surfaces, it also provides OEMs with significant packaging flexibility. The dielectric constant and the surface roughness of the soil can also be measured by radar to estimate soil moisture and water stress levels. As a result of analyzing the reflectivity and structure of the crops, radar is also capable of detecting pests and diseases.

Radar technology and innovations in agriculture are looking bright, driven by research and development that improves their efficiency, functionality, and affordability. Providing autonomous vehicles with safe navigation is impossible without radar sensors. With the deployment of AVs increasing, there will be an increasing demand for advanced radars that are more accurate, longer range, and better at detecting and classifying cyclists and pedestrians.

Satellites are equipped with radar technology for observing the Earth and exploring the planets. In the near future, radar instruments will be able to map and study celestial bodies in greater detail, and monitor the climate on Earth as it changes.

Emerging consumer electronics trends include gesture recognition based on radar and monitoring vital signs. Mobile devices, such as smartphones, smartwatches, and health monitors, could benefit from further innovation in health monitoring and touchless interfaces.

Radar Market Trends and Highlights:

The radar sensor is one of the key technologies rapidly evolving in the market. Automotive radar systems are experiencing a significant amount of growth.

Vehicles are increasingly integrating radar sensors for advanced driver assistance systems (ADAS) and autonomous driving. Safety and autonomy are driving forces behind its development. As well as measuring car speeds on the road, radars are commonly used to measure tennis ball speeds.

Key Takeaways from the Radar Market Report:

  • As the global radar market expands throughout the forecast period, the United Kingdom is expected to experience a CAGR of 10.1% until 2033.
  • Among platform segments, airborne will capture 27.6% of the market share between 2023 and 2033.
  • A growth rate of 4.3% is expected in Japan until 2033.
  • The medium-range segment is expected to account for 40.5% of the market during the forecast period.
  • The radar market in South Korea is expected to expand at a CAGR of 2.1% by 2033.

Leading Key Players:

  • BAE Systems
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Saab AB
  • Thales Group
  • General Dynamics Corporation
  • Harris Corporation
  • SRC Inc.
  • Honeywell International Inc.
  • Leonardo S.p.A
  • Rockwell Collins Inc.

Market Developments Include:

  • In May 2023, Bharat Electronics Limited (BEL) and Thales signed a contract to supply Indian Navy surface ships with multifunction radar systems.
  • In April 2023, Northrop Grumman introduced its Digital Affordable Sensor System (DASS), an airborne reconnaissance and surveillance radar system.

Segmentation Analysis of the Radar Market:

By Platform:

  • Land
  • Naval
  • Airborne
  • Space

By Application:

  • Short Range
  • Medium Range
  • Long Range

By Type:

  • Defense & Aerospace
  • Marine
  • Weather Forecasting
  • Remote Sensing
  • Automotive

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

Comments

Post a Comment

Popular posts from this blog

Integrated Microwave Assembly Market 2023 | Increasing Demand for Efficient Management Practices Report 2030

The study focuses on the important market growth factors as well as the obstacles that industry participants face. The  Integrated Microwave Assembly Market  research study also includes global market size and predictions. In addition, the study examines the competitive environment, important players, and strategies. The research's competitive landscape section looks at the most recent market changes. This research report examines the international market in terms of product type, end user, and main geographical areas. Integrated Microwave Assembly Market Size was valued at USD 1.58 billion in 2022 and is expected to reach USD 2.67 billion by 2030, and grow at a CAGR of 6.7% over the forecast period 2023-2030. The most recent Integrated Microwave Assembly market research offers full information on worldwide business, industry trends, and significant industry numbers for leading manufacturers. Expert guidance is included in the report to assist clients focus and make better distribu
Read more

Entertainment Transcription Market 2021 | Scope of Current and Future Industry 2028

Image
  The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the  Entertainment transcription Market . The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2021 to 2028.   The team of researchers at Future Business Insights are focusing on research and market study to produce different Entertainment transcription Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Entertainment transcription Market. For Information On The Research Approach Used In The Report, Ask Analyst @   https://www.futuremarketinsights.com/askus/rep-gb-7167 Key Vendors Examples of some of the market parti
Read more

The Evolution of Smart Learning Spaces: Interactive Whiteboards in 2030

 The  interactive whiteboard market  is expected to positively impact by the ongoing covid-19 outbreak. Lockdown measures have forced businesses to adopt work from home policies, and educational institutions have been forced to temporarily shutdown operations, or provide online education facilities. These factors will generate fairly lucrative opportunities for interactive whiteboard developers, aiding market developments throughout the crisis. Interactive Whiteboard Market – Important Takeaways Infrared technologies are finding increasing roles in interactive whiteboard products, owing to higher demand for multi-touch features in corporate and educational applications. Portable interactive whiteboards are highly sought after, owing to independence from external support infrastructure. Asia Pacific is witnessing a high growth rate in the adoption of interactive whiteboards driven by favorable government initiatives towards online education. Request a report sample @ https://www.futurem
Read more