Naval Radar Market

Naval Radar Market Analysis by Surveillance Radars, Fire Control Radars, and Navigation Radars from 2023 to 2033

Analysis of Naval Radar Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Naval Radar Market Growth Outlook (2023 to 2033)

The global naval radar market size has reached US$ 12.5 billion in 2023 and is forecasted to end up at US$ 20 billion by 2033. Over the next ten years, Fact.MR’s research projects global demand for naval radars to rise at 4.8% CAGR.

Marine borders have gained prominent strategic importance in military and defense operations around the world, which has resulted in rising spending on naval fleets. Increasing global trade through shipping is also anticipated to uplift the demand for naval radar systems over the coming years.

Rising disposable income and an increasing number of high net-worth individuals around the world have resulted in high sales of boats and luxury yachts, which is estimated to uplift shipments of maritime radar devices across the forecast period.

Increasing defense budgets, rising geopolitical tensions, technological advancements in the naval radar industry, expanding scope of military operations, and integration of naval radars with different maritime systems and technologies are also slated to offer attractive market growth scope going forward.

  • In March 2023, China stated that its defense spending was expected to rise by 7.2% in 2023, which is the fastest pace recorded since 2019 as tensions with the United States escalate on various issues. The Ministry of Finance of China also reported that the military expenditure is estimated to reach US$ 225 billion by the end of 2023.

On the flip side, the implementation of strict regulatory mandates and lack of standardization in shipbuilding industries around the world are expected to be key restraints for naval radar market development in the future. Changing climatic conditions are also expected to prove to be a major challenge for naval radar system manufacturers over the next ten years.

A detailed assessment of factors such as supply chain management, product standards, pricing trends, etc., and their effect on the regional and global level has been elaborately discussed in this latest naval radar market research report by the skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Report Attributes


Market Size in 2023

US$ 12.5 Billion

Projected Market Value (2033F)

US$ 20 Billion

Global Market Growth Rate (2023 to 2033)

4.8% CAGR

Market Share of Navigation Radar (2033F)


Asia Pacific Market Growth Rate (2023 to 2033)


Key Companies Profiled

  • Lockheed Martin Corporation
  • JRC (Alphatron Marine)
  • Garmin
  • Navico Group As
  • Transas Marine International AB
  • Northrop Grumman Corporation
  • Koden Electronics Co. Ltd.
  • Furuno Electric Co. Ltd.
  • GEM Elettronica
  • Raytheon Company
  • Kongsberg Maritime AS
  • Wärtsilä SAM Electronics Gmbh
  • Rutter Inc.
  • Saab AB
  • Tokyo Keiki Inc.
  • FLIR Systems Inc.
  • Kelvin Hughes Limited
  • BAE Systems
  • Japan Radio Co.

Don't Need a Global Report?

save 40%! on Country & Region specific reports

How Can New Maritime Radar Companies Make a Mark in This Industry?

“Advancements in Radar Technology – Requisite for Successful Start-ups”

Incoming naval radar suppliers are focusing on finding new applications for naval radar technologies and also investing in research and development to hasten the launch of novel systems with advanced capabilities.

  • Next Ocean, a new company founded in 2016 and based in the Netherlands, developed an ocean wave prediction solution that uses ship’s navigation radar. The solution derives results from raw radar data and the company also provides algorithms that enable real-time wave prediction.
  • HawkEye 360, a Virginia-based start-up, has come up with a solution to use a constellation of small satellites to bolster maritime awareness. The firm tracks and locates the source of commercial radio frequencies even when the ships turn off their AIS (automatic identification system) to hide the position of their vessels. The company can do so by incorporating machine learning algorithms that they developed in partnership with Amazon’s ML Solutions Lab.

Autonomous and smart ships are expected to be the next big thing in the marine industry over the coming years and this could open up new frontiers of opportunity for naval radar start-ups across the forecast period and beyond.

Naval radar market size, demand, growth and sales forecast analysis by Fact.MR

Country-wise Insights

What Attracts Naval Radar Companies Toward the United States?

“High Spending on Defense – Vital Aspect Attracting New Investments”

The United States is known to be a big spender in the military and defense sector, which is projected to primarily attract naval radar companies toward the country in the future.

  • As per an article published on USASpending, the Department of Defense (DOD) of the United States had distributed US$ 1.98 trillion among 6 sub-components of the military and defense aspects for the financial year 2023.

Increasing spending on the upgradation of advanced naval systems on ships, the presence of key naval radar companies, rapid adoption of advanced radar technologies, expanding naval fleet, and rising demand for coastal surveillance are other prospects that could augment sales of maritime radar systems over the next ten years.

  • In January 2022, Flight IIA Arleigh Burke-class destroyers of the United States Navy fleet were expected to start getting an upgrade to SPY-6 V (4) radars from Raytheon, as part of a US$ 237 billion contract awarded to the company in early December 2021.

Which Influential Aspect Has Revitalized Naval Radar Demand in European Countries?

“Russian Invasion of Ukraine Has Hiked Defense Budgets across Europe”

Europe, being a tight-knit continent packed with many countries, has the potential for many geopolitical tensions that could boil into an all-out war resulting in devastating consequences as the world has seen in the previous World Wars.

  • The Russia-Ukraine war that broke out in 2022 has sent shockwaves throughout the world, especially in European countries, which have consequently announced an increase in their defense budgets.
  • In March 2023, the prime minister of the United Kingdom, Rishi Sunak, vowed to increase the defense spending of the country by US$ 6.25 billion over the next two years to counter threats and bolster its defense infrastructure.

Increasing focus on strengthening and expanding naval fleets and rapid adoption of advanced maritime radar technologies are also expected to favor sales of naval radar equipment in countries such as Germany and the United Kingdom through 2033.

Will Japan Be an Opportune Market for Naval Radar Providers?

“Presence of Robust Shipbuilding Industry – Key to Unlock Immense Potential”

Japan ranks third in the world in terms of shipbuilding and second in terms of shipping, which makes it a highly opportunistic marketplace not only in the APAC region but also across the world. Increasing investments in the aforementioned sectors by public and private sectors are expected to uplift sales of naval radar equipment in the country over the next ten years.

  • In October 2021, the Japanese Shipowners’ Association (JSA), revealed that it had plans of investing US$ 280 billion in the shipping sector to achieve zero-carbon targets by the end of 2050.

Increasing adoption of advanced technologies in the Japanese navy and shipping fleets and growing marine trade activity in the country are also predicted to create new opportunities for established as well as new maritime radar companies going forward.

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

Category-wise Insights

Which Type of Naval Radar Will Gain Immense Popularity in the Future?

“Robust Spending on Defense Bolstering Demand for Surveillance Radar Systems”

Based on type, the naval radar market is segmented into surveillance radar, fire control radar, and navigation radar.

Mounting geopolitical tensions around the world and increasing spending on defense to safeguard borders by different countries are expected to bolster demand for surveillance radar systems over the coming years. Advancements in radar and detection technologies are also projected to favor shipments of naval surveillance radar devices across the forecast period.

Increasing deployment of advanced radar systems and upgradation of radars on ships are also expected to favor market growth in the future. Meanwhile, sales of navigation radar systems are estimated to increase steadily over the next ten years owing to high use by all types of ships and naval vessels for tracking and positioning.

  • Navigation radar system shipments are estimated to account for more than 1/4 share of the global marketplace by the end of the forecast period.

Competitive Landscape

Prime naval radar companies are focusing on launching new products to advance their business potential and gain a competitive advantage over other market players in the global landscape.

  • In September 2020, Furuno Electric Co. Ltd., a leading name in the naval radar industry announced the launch of its new Magnetron-free Radar/Chart Radar solution in S-band and X-band configurations. The company also launched two new Solid-State X-band models at the same time.
  • In April 2019, Wärtsilä, a leading name in marine and energy equipment manufacturing, announced the launch of its new RS24 K-band maritime radar that is capable of detecting small objects efficiently to improve port safety even in busy conditions. The product was expected to be highly important for congested shipping routes to avoid issues.

Collaborations, mergers, and acquisitions are also expected to be popular strategies among naval radar providers to hasten the development and launch of novel naval radar systems.

More information about new developments and strategies adopted by leading naval radar providers such as Wärtsilä SAM Electronics Gmbh, Rutter Inc., Saab AB, Tokyo Keiki Inc., and FLIR Systems Inc. to increase their market presence has been mentioned in this Fact.MR research analysis.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Key Segments of Naval Radar Industry Research

  • By Type :

    • Naval Surveillance Radar
    • Naval Fire Control Radar
    • Naval Navigation Radar
  • By Component :

    • Antennas
    • Transmitters
    • Receivers
    • Power Amplifiers
  • By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- FAQs -

How big is the global naval radar market in 2023?

The global naval radar market is valued at US$ 12.5 billion in 2023.

What value is the naval radar market expected to reach by 2033?

Revenue from the naval radar industry is forecasted to reach US$ 20 billion by 2033-end.

At what pace will the demand for naval radar rise?

Worldwide naval radar demand is predicted to rise at 4.8% CAGR from 2023 to 2033.

What is the predicted market share of navigation radar?

Naval navigation radar is estimated to account for 25% share of the global market by 2033.

Who are the prime naval radar companies?

Northrop Grumman Corporation, Koden Electronics Co. Ltd., Furuno Electric Co. Ltd., GEM Elettronica, and Raytheon Company are leading manufacturers of naval radar.

Naval Radar Market

Schedule a Call