Commercial Radars Market Size To Reach $10.66 Billion By 2030

Commercial Radars Market Growth & Trends

The global commercial radars market size is anticipated to reach USD 10.66 billion by 2030, growing at a CAGR of 7.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Continuous technological advancements and innovations drive the market growth. These innovations aim to provide various applications with better surveillance, tracking, and situational awareness.

The market is expanding across multiple sectors. Apart from defense, radar systems are utilized in aviation for air traffic control purposes, maritime operations for ship navigation, weather forecasting services, and security and surveillance needs. Radar technology's versatility makes it indispensable across multiple industries, driving market growth as more sectors recognize the benefits of radar systems.

Furthermore, continuous cost reductions in radar system production and installation propel market growth by making these technologies more affordable and accessible to various industries. Economies of scale, advancements in manufacturing processes, and increased competition among radar system providers lead to cost efficiency that benefit suppliers and end-users.

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Commercial Radars Market Report Highlights

• The antenna component segment accounted for the largest market revenue share of 21.4% in 2023. The segment's growth is due to its high performance in detecting objects, which is used in various applications such as air traffic control systems, weather radar, and direction-finding antennas.

• The naval platform segment is anticipated to register the fastest CAGR over the forecast period. It is attributed to the rising need for enhanced surveillance and security measures in maritime environments due to geopolitical tensions, territorial conflicts, and the importance of anti-submarine warfare.

• The S frequency segment accounted for the largest revenue share in 2023. S-band radar systems operate at a frequency between approximately 2-4 GHz, providing high resolution and long detection distances. This capability is crucial for air target monitoring and detecting aircraft, missiles, and satellites.

• The 3D segment is anticipated to register the fastest CAGR over the forecast period. Continuous technological advancements in radar systems, including improvements in signal processing, target detection, and tracking algorithms, are driving the growth of 3D radar solutions.

• The air traffic control & navigation application accounted for the largest market share in 2023. With a heightened global focus on enhancing air safety, the demand for advanced ATC technologies and systems increases. Improved safety measures drive the adoption of innovative solutions in air traffic management.

• North America accounted for the largest market share in 2023. The growth in drone usage in the region has led to a higher demand for radar systems that can detect and track drones near airports to ensure safety and security.

• In August 2022, Renesas Electronics Corporation acquired Steradian Semiconductors Private Limited. The acquisition aimed to enhance Renesas' range of automotive and industrial sensing products by incorporating Steradian's radar technology.

Commercial Radars Market Segmentation

Grand View Research has segmented the global commercial radars market based on component, platform, frequency, dimension, application, and region:

Commercial Radars Component Outlook (Revenue, USD Million, 2018 - 2030)

• Antenna

• Transmitter

• Duplexer

• Receiver

• Signal & Data Processors

• Phased Array

• Others

Commercial Radars Platform Outlook (Revenue, USD Million, 2018 - 2030)

• Naval

• Land

• Airborne

• Space

Commercial Radars Frequency Outlook (Revenue, USD Million, 2018 - 2030)

• HF/VHF/UHF

• L

• S

• C

• X

• K

• Ku

• Ka

Commercial Radars Dimension Outlook (Revenue, USD Million, 2018 - 2030)

• 2D

• 3D

• 4D

Commercial Radars Application Outlook (Revenue, USD Million, 2018 - 2030)

• Air Traffic Control & Navigation

• Airspace Monitoring

• Sea Traffic Control & Navigation

• Automotive

• Remote Sensing & Weather Observation

• Ground Traffic Control

• Others

Commercial Radars Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Netherlands

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in the Commercial Radars Market

• DeTect, Inc.

• Easat Radar Systems Ltd.

• ELDIS Pardubice, s.r.o.

• HENSOLDT AG

• Indra Sistemas, S.A.

• Leonardo S.p.A

• NEC Corporation

• RTX

• Terma

• Thales