Solid State Radar Market Worth $3.3 Billion By 2030 Exclusive Report By Meticulous Research®
Solid State Radar Market by Frequency Range, Size, Waveform, Application, End User (Automotive, Aviation and Other End Users) and Geography: Global Forecast to 2030
REDDING , CA, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Solid-state radar market by frequency range, size, wavelength, application and end user (automotive, aviation and other end users) and geography , on a new basis. According to Market Research - Global Preecast 2030, the global solid-state radar market is expected to reach USD 3.3 billion by 2030 at a CAGR of 7.5% between 2023 and 2030.
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Solid state radar or broadband radar is the primary type of radar for modern tactical applications and operates with solid state technology instead of a vacuum tube. This equipment is used in automotive, aviation, aircraft, military and defense industries. It can be used for a variety of applications including acquisition, tracking and tracing, weapons control and missile guidance, satellite and spacecraft tracking and acquisition, weather and ship navigation.
The growth of this market is driven by increasing demand for advanced radars for air surveillance and increasing demand for robust radar systems in the defense sector. However, high production cost may limit the growth of the market. Growing demand for 3D solid-state radar and growing demand for airspace surveillance radar is expected to create significant growth opportunities for solid-state radar market players. Furthermore, the continuous advancement of existing radar technologies is expected to drive solid state radar market growth.
The impact of Covid-19 on the solid state radar market
Due to restrictions in the second and third quarter of 2020, the Covid-19 pandemic has created several challenges for the solid-state radar market. The pandemic reduced the financial capacity of end-users and led to a decline in various sales. Solid state radar systems. However, by 2021, many industries, including automotive, aviation, military, and defense, will begin to recover from the economic downturn caused by the pandemic. Due to delayed orders, the Covid-19 pandemic has slightly affected the solid state radar market. Covid-19 has had a major impact on the global automotive and industrial sector as production has stalled. As a result, large-scale production disruptions in Europe and export disruptions in China may hamper the growth of the solid-state radar market.
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The global solid state radar market is segmented by frequency bands (S-band, X-band, L-band, C-band, Ka-band, Ku-band, Other bands [N-band, W-band]). (2D), 3D and 4D), waveform (continuous wave Doppler and FM), application (airspace tracking and control, weather surveillance, collision warning, navigation and airport perimeter security), end user (automotive, aviation, military and Defence, Meteorological Institutions and others) end users). The study analyzes the market at the regional and country level, assessing industry competitors.
Based on frequency band, the global solid state radar market is segmented into S-band, X-band, L-band, C-band, Ka-band and Ku-band. The S-band segment is estimated to account for the largest share of the solid-state radar market by 2023. Due to the increasing importance of accurate and reliable observations in severe weather conditions, the market share in this segment is increasing. Radar systems for various hydrometry and navigation applications and S-band radar systems for civil and military applications are increasing. Airplanes. In addition, exploration, this segment is expected to post the highest CAGR during the forecast period.
On the basis of application, the global solid-state radar market is segmented into airspace control and surveillance, weather control, collision warning, navigation, and airport perimeter security. The aerospace surveillance and monitoring segment is estimated to account for the largest share of the solid-state radar market by 2023. The major market share in this segment is driven by the growing demand for solid state radar systems to detect all flight activities. Increasing demand for specific airspace and air traffic control (ATC) to control scheduled flights. Moreover, this segment is expected to post the highest CAGR during the forecast period.
On the basis of end user, the global solid state radar market is segmented into automotive, aerospace, military and defense, meteorological facilities and end users. The aviation segment is estimated to account for the largest share of the solid-state radar market by 2023. The large market share in this segment is due to the increasing demand for aircraft tracking radar systems, increasing the need for accurate approach control of aircraft. There is a growing interest in understanding hazardous weather, especially thunderstorms.
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However, the automobile segment is expected to post the highest CAGR during the forecast period. The major growth in this segment is due to the growing demand for automotive speed cameras to provide intelligent and autonomous features in today's vehicles, such as freeing the driver from repetitive tasks, reducing driver stress and adding automatic life-saving interventions. Additionally, growing demand for key safety and comfort features including cruise control and automatic emergency braking systems is driving demand for solid-state radar in the automotive industry, which is expected to drive market growth.
On the basis of geography, the global solid state radar market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. In the year North America is estimated to account for the largest share of the solid-state radar market by 2023. Majority of the market share is driven by North America due to strong state-level radar systems, advanced air surveillance radar systems and growing demand for combat radar systems from the defense sector. Furthermore, the growing use of solid state radars in navigation, border protection, surveillance and traffic management applications is driving the market growth in the region. However, the Asia-Pacific region is expected to post the highest CAGR during the forecast period. Countries in the region such as India, Japan and China need advanced technology for modern marine radars. In addition, the demand for missile defense systems in defense services is expected to require a robust state radar system. The growing demand for global threat surveillance in the aerospace sector and the region has led to the deployment of solid-state radar systems in emerging economies such as China, India, Malaysia, and other emerging economies, leading to market growth. .
Some of the major players operating in the Solid State Radar market are Thales Group (France), Honeywell International Inc. (USA), Raytheon Technologies Corporation (USA), GARMIN LTD. (USA), Indra Systemas, SA (Spain), Japan Radio Co., Ltd. (Japan), ICS Technologies, Inc. (Italy), Therma Group (Denmark), Reutech Radar Systems (South Africa), FURUNO ELECTRIC CO., LTD. (Japan), BAE Systems Plc (Israel) and Lockheed Martin Corporation (USA).
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Scope of the report:
Strong state radar market by type
S-band
X level
L-band
C-band
Ka band
Ku band
other groups
Solid state radar market, measurement
Waveform Solid State Radar Market
Strong state radar market by application
Strong state radar market by end user
The car
Aviation
Military and defense
Meteorological institutions
Other end users
Strong state radar market by geography
North America
Europe
Germany
Great Britain
France
Italy
Spain
The rest of Europe
Asia-Pacific region
Japan
Devil
India
South Korea
Rest of Asia Pacific
Latin America
Middle East and Africa
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