Aerospace and Defense Radar Market Growth Analysis | 2017-2022

Market Insights

The aerospace and defense radar market was estimated at USD 10.74 billion in 2016 and is likely to grow at a CAGR of 3.7% during 2017-2022 to reach USD 13.38 billion in 2022.

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Market Dynamics

Introduction

Aerospace and defense radar refers to advanced systems used in the aviation and military sectors for detecting and tracking aircraft, missiles, and other objects. These radar systems employ radio frequency technology to transmit signals and analyze their reflections for precise surveillance, navigation, and threat detection. With applications ranging from air traffic control and weather monitoring to national security, aerospace and defense radars play a crucial role in enhancing situational awareness, safeguarding airspace, and ensuring effective communication and response capabilities in both civil and defense aviation environments.

Market Drivers

The major factors driving the growth of the aerospace & defense radar market are:

• An upgrade of legacy radar systems.
• Increasing the military expenditure of developing economies such as India.
• The rise in global commercial and regional aircraft deliveries.
• Increasing demand for Unmanned Aerial Systems (UAV).

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Key Players

The supply chain of this market comprises of component suppliers, radar manufacturers, and end users.

The component suppliers include companies, such as-

• Arrow Electronics
• Dy 4 Systems
• Cablex Pty. Ltd.
• Wesco Manufacturing.

These components suppliers provide the components of radar systems to radar manufacturers. The key radar manufacturers are-

• Lockheed Martin
• The Raytheon Company
• Northrop Grumman Corporation
• Leonardo S.p.A.
• Israel Aerospace Industries
• SAAB Group
• BAE Systems Plc.
• Thales Group.

The end-users of the radar market include-

• Defense departments
• Aviation departments
• Marine departments
• NASA
• Other space stations.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Platform Type

The aerospace and defense radar market is segmented based on ground-based, airborne, naval, and other platform types. The ground-based segment is currently leading the market with the highest share in 2016. An increase in the defense budget of the developing economies, the insurgence of critical border security, and a rise in the procurement of advanced technology-based radar systems for air traffic control are the major growth drivers for the ground-based radar market. The airborne platform is likely to witness the highest growth over the next five years, owing to the rise in global aircraft fleets and increasing demand for enhanced air-traffic-controlling equipment.

By Application Type

Based on the application type, the military is projected to remain the largest application of the market in the aerospace and defense industry during the forecast period of 2017 to 2022. This is mainly because of the large procurement of radar systems by defense departments of major countries to meet the growing need for means of early identification of targets. TPQ-53, APG-63/F-15 and JSTARS are a few major defense programs released in 2016. The civil application is expected to witness the highest growth during the same period, driven by increasing procurement of radar systems by commercial aviation and increased use of UAVs for navigation and surveillance by major countries across the globe.

By Technology Type

Based on the technology type, the pulsed radar owns the highest market share in 2016 and is expected to grow at the highest rate from 2017 to 2022. The key advantages of pulsed radars over CW radars are an indication of the range of the target and higher efficiency in the presence of a number of the target. This will keep propelling the growth of this technology during the forecast period.

By Component Type

Based on the component type, the market is segmented into antenna, receiver, and transmitter. The antenna is likely to remain the largest component type during the forecast period. It is also expected to witness the highest growth during the same period. The factor supporting the high growth of antenna components is the enhanced functionality of the latest lightweight conformal antennas. The transmitter component is likely to witness the second-highest growth during the same period.

By Band Type

Based on the band type, the X-band is projected to remain the largest and fastest-growing band type in the global market during the forecast period. X-band has a wide array of applications, such as long-range ground surveillance, airborne weather radar, weather observation, marine radar, and police radar. Pertaining to its large applications, the X-band radar market is expected to have a higher procurement rate in the coming years, resulting in a higher growth rate during the forecast period.

Regional Insights

North America is expected to remain the largest market for aerospace and defense radar over the next five years. This is because of its market leader position in the procurement of defense equipment and having many manufacturers in this region. APAC is likely to witness the highest growth rate during the same period (2017-2022), owing to a rise in the procurement of radar systems led by appraisals in the defense budget of Asian countries.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace and defense radar market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The aerospace and defense radar market is segmented into the following categories:

By Technology Type

• Wet
• Dry

By Application Type

• Power Plants
• Chemical & Petrochemical
• Cement
• Metal Processing & Mining
• Manufacturing
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the technology types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.