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3D Radar Market

3D Radar Market

3D Radar Market Analysis by By Component (Hardware, Software), By Frequency Band (HF-UND VHF-RADAR, C-Band (UHF-Radar), D-Band (L-Band Radar), By Platform (Airborne, Ground, Naval), By Industry & Regional Forecast 2022-2032

3D Radar Market
FACT7196MR
  • Apr-2022
  • List of Tables : 32
  • List of Figures : 123
  • 170 Pages
  • Technology

3D Radar Market Outlook

Global sales of 3D Radar in 2021 was held at US$ 14.7 Bn. With 12.7%, the projected market growth during 2022 - 2032 is expected to be significantly higher than the historical growth. Hardware is expected to be the highest revenue generating 3D Radar component, with a projected growth of 12.6% during 2022 – 2032.

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2016-2021

Market Analysis

US$ Bn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

Key Countries Covered

  • U.S.
  • U.K.
  • China
  • Japan
  • South Korea
  • Germany
  • France
  • Italy
  • Spain
  • Brazil
  • Mexico
  • Argentina
  • South Africa
  • Saudi Arabia
  • UAE
  • Australia
  • India

Key Market Segments Covered

  • Component
  • Frequency Band
  • Industry
  • Platform
  • Region

Key Companies Profiled

  • Airbus Defense and Space
  • BAE Systems plc
  • Harris Corporation
  • Honeywell International Inc
  • Leonardo S.p.A.
  • Lockheed Martin
  • Northrop Grumman Corporation
  • Rockwell Collins
  • SAAB Group
  • Thales Group

Pricing

Available upon Request

Key Points Covered in 3D Radar Industry Survey:

  • Market Estimates and Forecasts (2016-2032)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • COVID-19 Impact on 3D Radar and How to Navigate
  • Recommendation on Key Winning Strategies

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Revenue of 3D Radar from 2016 to 2021 Compared to Demand Outlook for 2022 to 2032

As per the 3D Radar industry research by Fact.MR - a market research and competitive intelligence provider, historically, from 2016 to 2021, market value of the 3D Radar industry increased at around 13.0% CAGR, wherein, countries such as the U.S., China, U.K. and India held significant share in the global market.

The constant conflicts that are arising across the world is propelling the demand for the need of advanced technologies which is consequently driving the need for technological upgradations so as to shield the territories more effectively. Owing to this, 3D radar market is projected to grow at a CAGR of 12.7% over the coming 10 years.

3D Radar are being commenced in defence sector across the world to control unauthorised immigrants across the borders as these may cover wide part of territories without deploying physical manpower and will work more effectively in extreme weather conditions compared to traditional usage of army personnel.

  • The 3D Radar Market reached a valuation of US$ 14.7 Bn in 2021. Fact.MR estimates that 3D Radar revenue will grow 3.7X from 2022 to 2032, reaching nearly US$ 55 Bn in 2032.
  • With 51.6%, in 2021, share Hardware was the largest revenue contributor in the market.
  • India is expected to be the fastest growing market for 3D Radar, with a CAGR of 14.5%.
  • In the frequency band segment, E/F- Band shows the highest growth potential in the 3D Radar industry. It is expected to grow at a CAGR of about 13% during the next ten years.

What Factors are leading to the Growth of 3D Radar Industry?

Due to the emergence of modern warfare techniques across the world, replacement of traditional combat systems has been done with advanced combat technologies such as electronic warfare and network-centric warfare. There are several hurdles associated with recent conflicts that are arising at the global level. Rising geopolitical instabilities may be resulting to ensure the safer territories, where radars are key to identifying any incoming objects from outer territories. The more common two-dimensional radar provides only horizontal angle or direction of a compass bearing, whereas 3D Radar provides elevation as well.

Increased air traffic may sometimes lead to collisions, with respect to drastic weather conditions. It may be avoided by deploying the 3D Radar across the territories as the flying objects may be monitored continuously and will be guided without letting any disasters. Increasing adoption of 3D Radar by airports across the world is expected to boost the market revenue.

An Adaptive Approach to Modern-day Research Needs

How is the Deployment of 3D Radar in Air Defence Propagating the Market?

For Air Defence and interference, the data given by 3D Radar are expected as the interceptors should be advised the elevation to move to prior to making a block attempt. This has been accomplished with isolated search radars and separate stature tracking down radars before the coming of single unit 3D Radar. 3D Radar can do both which makes them the preferred choice.

Which Region is projected to Offer the Largest Opportunity for 3D Radar?

3D radar market in Asia Pacific is expected to register the highest CAGR during the forecast period owing to the growing aerospace industry. Countries such as China and India are expected to be the key contributors towards this market growth across the region. Another key factor assisting the growth of regional market is the conflicts and emergence of nuclear possessing states across the region which has necessitated the deployment of 3D Radar.

Lately Selentium Defence has won a contact from the Australian naval force. The naval force has drawn in Selentium Defence during the time spent plan, establishment and assessment of its Maverick inactive radars across a scope of oceanic applications. As these radars do not send signals, the armada can keep up with basic attention to objects in their encompassed climate without getting seen about their position.

Country/Region-wise Analysis

Which Country Topped the Revenue Generation in 3D Radar Market?

The U.S. captured nearly a quarter of the global 3D radar revenues in 2021. This is due to their constant investment in fighting innovations and weather pattern observation, as the country is preparing itself to combat the ill effects of unforeseen cataclysmic events. There are likewise a few organizations and merchants in the U.S. that are laying out joint efforts with the military to win new requests for 3D Radar. For example, Liteye Systems, a wholesaler of 3D radar reported in November 2021, that it will offer Spyglass 3D radar to the U.S. armed force. The wholesaler has also begun to acknowledge orders from different clients.

How is Europe another Giant in the Global 3D Radar Market?

Europe continues being a strategic market for 3D radar manufacturers, owing to the execution of conveying mechanically progressed reconnaissance frameworks started by the governments. The affirmation given by a few European legislatures to execute creative radar frameworks in vehicles has been helping towards the better confinement of neighbouring countries.

Besides, Europe is experiencing illegal refugee migrants in larger numbers due to the conflicts and war situations in the region. For example, Syrian war resulted in lakhs of illegal migrants across the region which later resulted in security threats. To overcome this, key countries across the region started to upgrade their technologies in monitoring and controlling of such instances so as to ensure safer territories.

Of late, a news from Russia expressing another prototype radar in view of radio photonics technology, has evolved. The wellsprings of has affirmed something very similar. A three layered picture will be made utilizing this new innovation radar permitting you to decide its sort. As per the sources, the tactical wing of Russian Ministry of Defence, has been participating in testing new radar-led innovations which promises towards the 3D radar demand surge in the country.

Category-wise Insights

What makes Hardware Largest Revenue Generator in 3D Radar Market?

With more than 51.6% share, hardware category held the largest share of sales in 2021. The market through this segment is expected to grow at a CAGR of 12.7% in the next ten years. Increasing use of 3D Radar for defence application is making a significant impact on the demand of 3D Radar, which is expected to be continued in the coming years as well. As most of the hardware of 3D Radar are electronic devices they may need regular maintenance and replacement of spares. For instance, in naval based 3D radar, the parts may get in contact with water which may result in its damage or in reducing its life span. In such cases, maintenance may be performed more frequently. Considering the stated factors, hardware segment is expected to be the largest revenue generator.

Which Frequency Band shows the Highest Potential over the Next Ten Years for 3D Radar Market?

E/F- Band shows the highest potential for the growth in the 3D Radar industry. Revenue through this segment is expected to grow at a CAGR of 17.1% during the next ten years. It assists in identifying the military radio spectrum for crisis management, training, electronic warfare activities, planning, and in military operations.

How Has COVID-19 Impacted Revenue Generation from 3D Radar?

The impact of COVID-19 on 3D Radar was not much seen in 3D radar market. Despite the heavy blows to almost all industries, the 3D Radar industry generated a revenue of US$ 14.7 Bn in 2021 and continued to grow positively at a rate of 13% over the last year. The reason for the growth of the industry during the pandemic may be accredited to the growing global conflicts arising across the globe.

Competitive Analysis

The key players such as Airbus Defense and Space; BAE Systems plc; Harris Corporation; Honeywell International Inc, Leonardo S.p.A. adopt several organic and inorganic strategies to enhance their revenue and market standings.

Some of the recent developments of key 3D Radar providers are as follows:

  • In February 2022, Honeywell announced that a drone which has been piloted by its IntuVue RDR-84K radar has proven its ability in a critical round of dodgeball. It was done with an aircraft which repeatedly changes its direction in a sequence of tests that are deciding factor to the future of pilotless aeronautics.
  • In January 2022, Leonardo won US $296 Mn deal in Eurofighter radar from Germany's Hensoldt.
  • In October 2020, BAE Systems announced that Specialists from the Team Tempest, Leonardo UK, are growing new radar innovation capable of providing 10,000 times a larger number of information than existing frameworks.

Similarly, recent developments related to companies offering 3D Radar have been tracked by the team at Fact.MR, which are available in the full report.

Market Segments Covered in 3D Radar Industry Analysis

  • By Component :

    • Hardware
    • Software
    • Services
      • Consulting Services
      • Installation and Integration Services
      • Maintenance Services
  • By Frequency Band :

    • HF-UND VHF-RADAR
    • C-Band (UHF-Radar)
    • D-Band (L-Band Radar)
    • E/F-Band (S-Band Radar)
    • Other Frequency Bands
  • By Industry :

    • Automotive and Public Infrastructure
    • Energy and Utilities
    • Government
    • Other Industries
  • By Platform :

    • Airborne
    • Ground
    • Naval

- FAQs -

The global 3D Radar Market is worth more than US$ 14.7 Bn at present.
Value of 3D Radar are projected to increase at a CAGR of around 12.7% during 2022 – 2032.
Value of 3D Radar increased at a CAGR of around 13.0% during 2016 – 2021.
The main factors driving the growth of the 3D radar market include an increase in global conflicts, which enforces the technological upgradation resulting in demand for 3D Radar.
Top 5 countries driving demand for 3D Radar are U.S., U.K., China, Japan and India.
US accounted for over 24.2% of global 3D Radar demand in 2021.
The UK market for 3D Radar is projected to expand at a CAGR of around 13.3% during 2022 – 2032.

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