Radar Market (2022-2029)

The growth of this market is attributed to the rising demand for radar systems in automotive and defense industries, the surge in demand for advanced weather monitoring radar systems, and the development of phased array solid-sate radar. Furthermore, the increasing investments by governments to upgrade aircraft radar systems and the rising adoption of radar-based unmanned aerial vehicles are expected to create significant opportunities for the players operating in this market.

However, the stringent cross-border trading policies and susceptibility to new jamming techniques are likely to pose challenges to the growth of this market. Additionally, the high cost of radar systems is restraining market growth.

The COVID-19 pandemic originated in Wuhan, China, in late December 2019. By March 2020, it had spread worldwide, causing huge casualties and severe economic losses. The pandemic severely affected several sectors, including the automotive sector, with major manufacturers shutting down operations entirely or operating at reduced capacity, following guidelines issued by their respective governments. The length of the lockdown and uncertainty over supply chain disruptions have made it difficult for stakeholders to predict the industry's recovery. The crisis triggered structural changes and had a significant impact on the market.

The COVID-19 pandemic had a mixed impact on the end-user. For instance, the automotive and mobility industry reported a significant revenue decline due to stringent global government regulations such as factory closure, the shutdown of manufacturing processes and other regulations. Moreover, low consumer demand for ADAS and disrupted flight operations negatively impacted this industry. Aerospace & defense witnessed significant revenue growth due to the need for radar technology in fighter aircraft to find enemy aircraft and control air-to-air missiles, rockets, and guns. Further, bombers to find surface targets, fixed or moving, and to navigate and avoid obstacles have positively contributed to the radar market.

The global radar market is segmented by type, dimension, frequency band type, installation type, end-user, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.

The need for weather monitoring is highly gaining traction for detecting climate change and providing data to input into models which enable the government to predict future changes in the environment, such as cyclones, earthquakes, hurricanes, floods, and many other natural disasters. Moreover, the aerospace and defense industry requires weather monitoring radar to determine environmental conditions before and during flight operations. Therefore, aircraft are equipped with integrated weather radar systems, usually found within the nose cone of the aircraft, known as the radome. Although most aircraft are made of metal, the radome is constructed of a special material that allows radar waves to pass through it unobstructed.

The environmental changes have led the government of various countries to undertake initiatives that are strengthening market growth. For instance, in January 2022, the Indian Meteorological Department (IMD) launched operations of four new doppler weather radars in multiple locations in India, such as Mumbai, Delhi, Chennai and Leh, to improve weather forecast systems. Moreover, in September 2022, the Indian Army and the Defense Geoinformatics and Research Establishment (DGRE) (India) installed a weather monitoring radar that can see through snow and fog and detect avalanches within three seconds of being triggered. Moreover, in an area where the frequency of triggering avalanches is high, the installation of the first avalanche radar will go a long way in safeguarding the life of troops of the Indian Army deployed in harsh terrain and sub-zero temperatures while at the same time limiting damage to vehicles and equipment operating at such snowbound, high altitudes areas. Thereby, the need for advanced weather monitoring systems is propelling the market growth in coming years.