Radar tech by application, platform & tech.

Chicago, March 23, 2023 (GLOBE NEWSWIRE) – The Radar Systems Market is expected to grow from USD 32.5 billion in 2018 to USD 41.0 billion by 2026, at a CAGR of 4.8%. The market is driven by factors such as the deployment of new and advanced radar systems like UAV-based radar systems, Electronically Scanned Array (ESA), and more.

Leading manufacturers such as Raytheon Technologies, Honeywell, and Thales have a strong global distribution network with varied applications. Raytheon focuses on delivering scalable and affordable systems that increase accuracy and ruggedness, while Honeywell is dedicated to the research and development of new technologies. Thales offers multiple solutions, including a variety of radar systems.

Lockheed Martin and Northrop Grumman Corporation are also dominant players in the market, developing products mainly for the US defense forces.

Radar systems used in marine vessels are expected to lead the market during the forecast period. These systems are used for the detection and tracking of marine activities, including those of warships, submarines, offshore patrol vessels, and other marine vessels. Marine radar systems help in monitoring illegal activities such as smuggling, piracy, illicit fishing, and terrorist activities.

Radar systems used for defense applications, such as perimeter security, battlefield surveillance, military space assets, and air defense, are expected to command the market by application during the forecast period. Perimeter security is the philosophy of setting up functional apparatus or techniques at the perimeter of the network to secure data and resources, and radar systems play a crucial role in providing timely information and combat intelligence in battle situations.

Overall, the market for radar systems is expected to continue growing, with the defense and marine sectors as key drivers of this growth.

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