Solid State Radar Industry Projected to Reach $3.3 Billion by 2030

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Solid State Radar Market by Frequency Band, Dimension, Waveform, Application, and End User (Automotive, Aviation, and Other End User), and Geography - Global Forecast to 2030.’

Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=5452?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=01-10-2024


According to the latest publication by Meticulous Research®, the global solid state radar market is projected to reach $3.3 billion by 2030, growing at a CAGR of 7.5% from 2023 to 2030. This growth is driven by the rising demand for advanced weather monitoring systems and the increasing adoption of solid state phased array radar systems in the defense sector. However, high manufacturing costs could hinder market expansion. On the other hand, the growing demand for 3D solid-state radars and air surveillance systems presents significant growth opportunities for stakeholders.

Market Segmentation: By Frequency Band: The market is segmented into S-band, X-band, L-band, C-band, Ka-band, Ku-band, and other bands. In 2023, the S-band segment is expected to dominate the market due to its specialized applications, such as long-range bird detection and severe weather observation. This segment is also projected to have the highest CAGR during the forecast period.

By Waveform: The market is divided into Doppler and frequency-modulated continuous wave (FMCW). The Doppler segment is anticipated to lead the market in 2023, driven by its ability to produce velocity data for distant objects and its popularity in weather radar systems. Meanwhile, the FMCW segment is projected to witness the highest CAGR.

By Application: Applications include airspace monitoring & surveillance, weather monitoring, collision warning, navigation, and airport perimeter security. The airspace monitoring & surveillance segment is forecasted to dominate in 2023, driven by the need for radar systems to track flight movements and manage air traffic control. This segment is also expected to register the highest CAGR.

By End User: The market is segmented into automotive, aviation, military & defense, meteorology institutes, and other end users. The aviation segment is expected to hold the largest share in 2023, driven by the need for precision approach guidance and situational awareness of hazardous weather. However, the automotive segment is projected to register the highest CAGR, reflecting the growing integration of radar systems in vehicle safety and navigation.

Geographic Insights: Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the market in 2023, supported by the defense sector's demand for advanced radar systems, the prevalence of weather monitoring needs, and the cost-effectiveness of solid state radars. However, Asia-Pacific is projected to experience the highest CAGR during the forecast period, driven by the increasing adoption of radar systems in navigation, border security, and traffic management.

Key Players

Thales Group (France)Honeywell International Inc. (U.S.)Raytheon Technologies Corporation (U.S.)GARMIN LTD. (U.S.)Indra Sistemas, S.A. (Spain)Japan Radio Co., Ltd. (Japan)ICS Technologies, Inc (Italy)Terma Group (Denmark)Reutech Radar Systems (South Africa)FURUNO ELECTRIC CO., LTD. (Japan)BAE Systems plc (U.K.)Blighter Surveillance Systems Limited (U.K.)GEM Elettronica (Italy)ELBIT SYSTEMS LTD. (Israel)Lockheed Martin Corporation (U.S.)

These companies are at the forefront of innovations, driving the solid state radar market forward with cutting-edge technology and strategic market expansions


Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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