The radar market is valued at USD 35,064.5 million in 2023. The radar market size is expected to reach USD 97,195.2 million by 2033. In the coming years, the radar market revenue will increase at a CAGR of 10.7%.
Radar Market Trends and Highlights
The radar sensor is one of the key technologies that is rapidly evolving in the market. A significant amount of growth is being experienced by automotive radar systems.
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 Radar Market Trends
A positive impact is expected from the rollout of 5G technology on the radar market. For radar applications in areas like autonomous vehicles and smart cities, 5G offers higher data transfer rates and lower latency.
Varieties of drone applications are being explored, including obstacle avoidance and obstacle detection. Comparing radar with other sensor technologies, radar offers an advantage in adverse weather conditions as well as in low-light conditions.
| Attributes | Key Insights |
|---|---|
| Radar Market Estimated Size in 2023 | USD 35,064.5 million |
| Projected Market Value in 2033 | USD 97,195.2 million |
| Value-based CAGR from 2023 to 2033 | 10.7% |
Explore FMI!
Book a free demo
Between 2018 and 2022, the radar market experienced a CAGR of 8.1%. The overall scope for radar demand is predicted to increase by 10.7% from 2023 to 2033.
The development of 3D radar market is receiving active attention from different organizations, especially in the meteorological fields and marine radar market. A global demand for automotive radars is expected in the near future. Additionally, advanced technologies are going to boost sales in both commercial vehicles and personal vehicles.
Aside from measuring soil moisture and vegetation, radar can also be used to measure water levels. Agricultural, forestry, and climate change researchers will benefit from this information.
Radars that are smaller and more affordable are becoming increasingly accessible and affordable, allowing them to be used in robotics, drones, and the Internet of Things. Radar systems may find it increasingly difficult to detect certain objects as radar-absorbing materials and metamaterials develop.
AI and machine learning algorithms will be integrated with radar technology to improve data processing and interpretation, allowing for improved object detection, tracking, and decision-making.
| Historical CAGR from 2018 to 2022 | 8.1% |
|---|---|
| Forecast CAGR from 2023 to 2033 | 10.7% |
The use of radar sensors is increasing in smart city initiatives to manage traffic, detect pedestrians, and monitor infrastructure, making cities safer and more efficient. Space exploration, radar is used to map planet surfaces, study asteroids, track space debris, and study the interior of the solar system.
Radar systems are being developed as a result of the growing interest in space exploration. A variety of radar technologies are developing to meet the needs of a variety of industries, including healthcare and agriculture.
Climate research and conservation are supported by radar systems that measure changes in the environment, such as deforestation, ice thickness, and soil moisture levels. Law enforcement agencies use radar technology to track criminal activity and conduct surveillance. A search and rescue mission may also use it to locate missing persons or ships in distress.
A growing market for UAVs is driven by radar technology, which can be used to navigate, avoid collisions, and monitor an area in real-time. These drivers drive radar market expansion and diversification. Radar system manufacturers and developers continue to have opportunities with technological advancements and increased applications across diverse industries.
Companies are developing radars for a variety of industrial applications using AI technologies. A significant advancement in technology has been the development of laser radar, which is ideal for applications in the automotive industry.
Growth in advanced technologies and the demand for 5G internet is expected to drive market development. Detection systems for missiles will be needed as the number of missiles in the sky increases.
As shown in the following table, the United States and China top the list of the top 5 leading countries in terms of revenue. Through 2033, these two countries will dominate the market, with a growth rate of 18.1% and 11.1%.
Forecast CAGRs from 2023 to 2033
| Canada | 7.4% |
|---|---|
| India | 9.7% |
| United States | 18.1% |
| China | 11.1% |
| United Kingdom | 10.1% |
The United States is expected to lead the market with a CAGR of 18.1% during the forecast period. Radar production in the United States is dominated by excellent technology and a strong defense sector.
Radar is used in the exploration of space for both asteroid tracking and planet mapping. Space agencies such as NASA and the military require radar technology on a regular basis for their missions.
A large defense budget and advanced defense capabilities are some of the factors contributing to its superior defense capabilities. In order to contribute to the global radar market, major manufacturers invest in research and development activities. Government spending and leading defense contractors boost market growth.
For instance, the United States Northern Command’s Operations Directorate confirmed LRDR trials in August 2022. A radar system priced at USD 1.5 billion can constantly monitor adversary nations' launches of intercontinental ballistic missiles (ICBMs).
Due to its current modernization programs and robust defense infrastructure demand for radars is expected to grow in the market. Researchers and companies have been working together on improving radar technology, including enhancing image quality, reducing power consumption, and expanding detection ranges.
Radar is a big business for Canada because of its strong defense sector. A CAGR of 7.4% is expected to be achieved during the forecast period of the market. Research and development investments by major manufacturers contribute to the global radar market by producing cutting-edge radar solutions. Government spending on defense and leading defense contractors fuel market growth.
For instance, Detection of stealth aircraft is being improved with quantum radar being developed in Canada. As compared to conventional systems, this technology provides a more accurate detection of objects. A trial phase is currently underway at Waterloo University and its launch is expected in 2025.
Radar sales in India are expected to rise at 9.7% CAGR for the next decade. Radar systems are in high demand in India as the aviation industry grows. To ensure safe and efficient air travel, the Airports Authority of India (AAI) uses radar systems at airports.
Defense and security industries in India require a large amount of radar systems. The radar plays an important role in maritime surveillance, air defense, and border security. To enhance national security, the Indian government is investing in radar systems.
The weather radar market in India is primarily dominated by radar technology. As part of its cyclone prediction and early warning system, the India Meteorological Department (IMD) utilizes radar systems to track weather patterns and predict cyclones.
Ground-penetrating radar (GPR) is also used in construction and infrastructure for various civil applications. A road, bridge, and other critical infrastructure conditions can be determined using this method.
A radar system is essential for the surveillance and security of India's maritime trade due to its long coastal area. The Indian Navy and Coast Guard monitor coastal areas, threats are detected, and illegal activities are prevented using radars by the Indian Navy and Coast Guard.
Chinese research institutions and universities also carry out research in various radar-related fields. Both domestic needs and global technological trends influence the demand for radar technology in China. Several domestic radar technologies have been developed in China, including phased array radars, which are capable of performing more tasks than traditional radars.
Radar sales in China are expected to increase at a CAGR of 11.1% during the forecast period. In recent years, China has made significant investments in its military radar capabilities. Radar systems both on land and in the air fall under this category. Modernization and national defense requirements drive demand for advanced radar technology.
Radar plays a crucial role in ensuring aviation safety and traffic control, radar plays a crucial role. China's aviation sector has experienced continued growth, making radar systems increasingly important for traffic management and monitoring.
Monitoring and forecasting the weather are crucial to disaster management and public safety. With the aim of improving its ability to predict weather-related events and respond to them, China has been expanding its network of weather radar systems. Along with its sizeable coastline, China uses radar for maritime surveillance. As a result, it enables maritime security to be enhanced, illegal fishing can be detected, and ship movements can be monitored.
The automotive industry in China is one of the largest in the world. A growing number of vehicles are equipped with radar sensors for ADAS (advanced driver assistance systems) and self-driving technology. As a result, radar technology in automotive vehicles is in high demand.
Market growth in the United Kingdom has been steadily increasing. Based on projections, the country is expected to experience a 10.1% CAGR between 2023 and 2033.
Health care in the United Kingdom is excellent and the country invests heavily in research and technology. A number of radars, research centers, and aerospace companies are located in the area. Radar, aerospace, and research industries are abundant in the area.
As part of transportation systems, radar plays an important role, such as adaptive cruise control in automobiles and collision prevention in ships. The technology is also used to monitor bridges and dams for safety purposes, as well as in a variety of infrastructure applications. Airports, seaports, and infrastructure-critical facilities can all benefit from the use of radar for security and surveillance. By monitoring restricted areas, it helps detect intruders.
Missing persons or distressed vessels in remote, mountainous, and oceanic environments are located using radar, a critical tool for search and rescue operations. The United Kingdom is a leader in the development and manufacturing of radar technology for domestic and export purposes. Several radar systems are manufactured by the United Kingdom's aerospace and defense industry for a wide range of applications, including civilian and military.
The airborne market is predicted to dominate until 2033, accounting for 27.6% of sales. Medium-range segments are expected to account for 40.5% of the market during the forecast period.
| Category | CAGR from 2023 to 2033 |
|---|---|
| Airborne | 27.6% |
| Medium Range | 40.5% |
Based on the platform, the airborne platform is projected to remain dominant through 2033. Between 2023 and 2033, global share is expected to increase by 27.6% during the forecast period.
Several countries are upgrading radar systems on airborne platforms as part of their modernization efforts. As a result, organizations are focusing on improving their surveillance, monitoring, and threat detection processes.
With the aim of detecting suspicious activities such as unauthorized intrusions and smuggling, radar systems on aerial platforms are vital for surveillance of borders and coasts. To detect illegal fishing and respond to maritime security threats, airborne radar is crucial for maritime surveillance.
Aid operations and disaster management are often conducted using radar-equipped aircraft. In the case of hurricanes, floods, and earthquakes, these data can be extremely useful for assessing their impact. Search and rescue missions rely on airborne radar systems to track down missing aircraft or distressed vessels.
For instance, Thales created the AirMaster C, an airborne surveillance radar for fixed-wing planes, helicopters, and unmanned aerial vehicles capable of detecting targets.
Among all segments, the medium range will likely dominate in the near future. A market share of 40.5% is projected from 2023 to 2033.
Radar can also be used in industrial settings for a variety of purposes, medium-range radar can also be used to monitor equipment, detect obstacles on construction sites, and ensure warehouse safety. The development of infrastructure and economic conditions can influence demand in this sector.
Medium-range radar can be used for many different purposes, such as perimeter security, crowd monitoring, and traffic management. Various civilian and military applications use medium-range radar, including air traffic control, surveillance, and tracking. Increasing levels of government funding, increased tensions in geopolitics, and globalization have all influenced the demand for radar systems in defense and aerospace.
Research and development activities are focusing on introducing innovative technology into radars to diversify product portfolios in the global radar market. Aside from that, players are expanding their global reach through mergers, acquisitions, and collaborations.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2023 | USD 35,064.5 million |
| Projected Market Valuation in 2033 | USD 97,195.2 million |
| Value-based CAGR 2023 to 2033 | 10.7% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered | Platform, Range, Application, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | 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. |
A CAGR of 10.5% is predicted for the radar market by 2033.
The radar market is expected to reach USD 97,195.2 million by 2033.
The demand in the United States market is expected to increase at a healthy 18.1% CAGR over the forecast period.
The market is predicted to grow at an annual rate of 9.7% CAGR until 2033.
BAE Systems, Saab AB, and Thales Group hold a significant share of the radar market.
Industrial Media Converter Market Growth – Trends & Forecast 2025 to 2035
Mobile Handset Protection Market Analysis by Protection Provider, Pricing Model, Sales Channel, and by Region - Forecast through 2025 to 2035
Inkjet Coders Market Growth - Trends & Outlook 2025 to 2035
Industrial Digital Radiography Market - Growth & Forecast 2025 to 2035
IoT in Product Development Market Analysis - Growth & Forecast 2025 to 2035
Intelligent Power Module Market Trends - Growth & Forecast 2025 to 2035
Radar Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
