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  • 3D Radar Market Forecast | 2022-28

    3D Radar Market Forecast | 2022-28

    3D Radar Market Forecast | 2022-28
    Report code - SRAD218 Delivery - 2 Weeks
    3D Radar Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028
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    Market Insights

    The 3D radar market was estimated at USD 826.11 Million in 2021 and is likely to grow at a CAGR of 19.29% from 2022-2028 to reach USD 2881.74 Million in 2028.

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    What is 3d radar?

    3D Radar offers three-dimensional radar coverage. The 2D radars are known to cover up range and azimuth, while the 3D radar is an upgraded version that offers information about the range, azimuth, and also elevation.

    The 3D radar is highly useful in diverse applications such as defense and surveillance or weather monitoring. The system works on wireless connectivity and extracts data that can help in mapping an area to provide the area’s 3D images depending upon the different angles of return.

    3D Radar Market Report Overview

    Market Size in 2028

    USD 2881.74 Million

    Market Size in 2021

    USD 826.11 Million

    Market Growth (2022-2028)

    19.29% CAGR

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

     

    Drivers

    • The emergence of modern warfare techniques with fast-technological progressions has contributed to the substitution of conventional combat systems with advanced combat technologies, such as electronic warfare and network-centric warfare.
    •  The demand for 3D radar technology will increase as autonomous vehicles and radar become more popular.

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    Key Players

    Some of the major players in the market are-

    • Airbus Defense and Space
    • ASELSAN A.S.
    • BAE Systems Plc
    • ELTA Systems Ltd.
    • Harris Corporation
    • Honeywell International Inc.
    • Leonardo S.p.A
    • Northrop Grumman Corporation
    • The Raytheon Company
    • Thales Group

    Segment Analysis

    By Frequency Band Type

    The market is segmented as C/S/X Band, E/F Band, L Band, and others. A frequency band is an interval at which a specific radar transmits a signal. These frequency bands are differentiated by their wavelengths, which range from 0 GHz to 40 GHz. Radiofrequency waves are transmitted through antennas into space that is then reflected from the targets.

    By Range Type

    The market is segmented as long-range, medium-range, and short-range. The long-range segment remained dominant in 2018, and it’s expected to maintain its dominance during the forecast period as well. A long-range 3D radar has earned popularity in recent years, due to its increasing applicability in weather monitoring applications as it enables precise prediction of natural disasters, such as floods, earthquakes, cyclones, and hurricanes, this in turn is driving the growth of the segment.

    By Platform Type

    The market is segmented as airborne, ground, and naval. The ground segment is estimated to register the highest growth during the forecast period while the airborne segment remained dominant in 2018. The manufacturers of various types of airborne 3D radars are exerting to develop specialized airborne 3D radars for Unmanned Aerial Vehicles (UAVs) as their employment in Unmanned Aerial Vehicles (UAVs) allows easy data collection of the fast-changing terrains, such as snow slopes and active volcanoes.  

    By Region

    North America held a market share of more than 40% in 2021 and is projected to be dominant in the market during the forecast period. As the region is proximal to various leading manufacturers of different types of 3D radar, which comprise, Northrop Grumman Corporation (US), Rockwell Collins Inc. (US), Airbus Defense and Space (US), etc. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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    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 growth strategy formulation based on the opportunities present in the market.

    Report – Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

    The market is segmented into the following categories. 

    By Frequency Band Type:

    • C/S/X Band
    • E/F Band 
    • L Band 
    • Others 

    By Range Type:

    • Long Range
    • Medium Range 
    • Short Range 

    By Platform Type:

    • Airborne
    • Ground
    • Naval

    By Region:

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

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    Research Methodology

    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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

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

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the 3D Radar Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free 

    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 of range types by platform 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 at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    3D Radar offers three-dimensional radar coverage. The 2D radars are known to cover up range and azimuth, while the 3D radar is an upgraded version that offers information about the range, azimuth, and also elevation. The 3D radar is highly useful in diverse applications such as defense and surveillance or weather monitoring. The system works on wireless connectivity and extracts data that can help in mapping an area to provide the areas 3D images depending upon the different angles of return.

    Airbus Defense and Space, ASELSAN A.S., BAE Systems Plc, ELTA Systems Ltd., Harris Corporation, Honeywell International Inc., Leonardo S.p.A, Northrop Grumman Corporation, The Raytheon Company, Thales Group are among the key players in the 3D radar market.

    The long-range segment is expected to remain dominant in the 3d radar market in the coming years.

    The ground segment is expected to register the highest growth in the market during the next five years.

    North America held a market share of more than 40% in 2021 and is projected to be dominant in the market during the forecast period.

    The emergence of modern warfare techniques with fast-technological progressions has contributed to the substitution of conventional combat systems with advanced combat technologies, such as electronic warfare and network-centric warfare. The demand for 3D radar technology will increase as autonomous vehicles and radar become more popular.

    The Global 3D Radar Market was estimated at USD 826.11 Million in 2021 and is likely to reach USD 2881.74 Million in 2028.

    The study period of this market report is 2016-28.

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