New York, May 22, 2023 (GLOBE NEWSWIRE) -- Delvens published an exclusive report, titled, “3D Radar Market Share to Grow USD 3,463.9 Million by 2030, at a Highest CAGR of 18.69%”. Global 3D Radar Market by Frequency Band (C/S/X Band, L Band, E/F Band, Others), Range (Long, Medium, Short), Platform (Airborne, Ground, Naval), and region (North America, Europe, Asia-Pacific, Middle East, and Africa and South America).
According to the credible 3D Radar Market report, the major market players are making moves like product launches, joint ventures, developments, mergers and acquisitions which has influence on the market and Aerospace & Defense Industry as a whole and also affecting the sales, import, export, revenue and CAGR values. It highlights a wide-ranging evaluation of the market’s growth prospects and restrictions. This market research report emphasizes on the global key manufacturers to define, illustrate and analyze the market competition landscape using SWOT analysis. The universal 3D Radar Market report is a thorough and professional report that focuses on primary and secondary drivers, market share, leading segments and geographical analysis.
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The global market for 3d radar is expected to reach $3,463.9 Million by 2030 from $1,775.3 Million in 2022, registering impressive expansion at a compound annual growth rate (CAGR) of 18.69%.
Key Companies & Market Share Insights
Some of the key players operating in the global 3d radar market are Northrop Grumman Corporation, Raytheon Company, Thales Group, BAE Systems Plc, Airbus Defense and Space, Honeywell International Inc., SAAB Group, Harris Corporation, Leonardo S.p.A, ASELSAN A.S., Rheinmetall AG, and ELTA Systems Ltd among others.
Recent Developments
- For military use, a Supacat Jackal vehicle has been equipped with Saab's Giraffe 1X radar. The Giraffe 1X is a portable 3D radar that can be used for a variety of purposes, including naval applications for all types of vessels, civil applications for protecting sites like airports and buildings, and ground-based air defense. With the choice of mounted or dismounted applications, it is made for integration flexibility.
- The delivery of the first 100 EchoGuard radars to the US and other foreign forces was completed, according to an announcement from Echodyne Corporation, which has acquired permission from the Federal Communications Commission (FCC) for wider deployment of its EchoGuard radar.
Growth in the 3D Radar Market can largely be attributed to factors such as the Increase in the use of modern warfare techniques, the adoption of 3D radar in airports, and an increase in the number of unmanned aerial vehicles. Another factor that will escalate the market is a rise in the procurement of unmanned aerial vehicles in the defense forces, thus the demand for 3D radars will also increase. The demand for advanced military radars to conduct expeditionary operations is growing among armies. Several leading market players are focusing on offering advanced products for the military, adding significant value to the 3D radars market. There is a rising demand for 3D radars from the navy also because of its advanced features such as accuracy, the ability to simultaneously track multiple targets, etc. Such radars are also equipped with digital receiver and programmable signal processor which provides high-resolution tracking, and response & information availability thus this will further contribute to the market growth.
On the other hand, the high installation & development cost of 3D radar and the high skills requirements for operating & maintaining 3D radar systems are expected to limit market growth to some extent in the coming years.
Due to the COVID-19 situation, the research & development in 3D radars companies across the globe has been hampered due to the declared lockdowns and government restrictions on public gatherings. As government spending shifts toward economic recovery due to the COVID-19 pandemic, industries are expected to experience a reduction in the number of orders for 3D radars. The production rate of 3D radar-making companies has been affected adversely due to the COVID-19 pandemic, as industries are facing the problem of labour shortage. The cancellation of several military exercises between nations and the reduction in military activities worldwide due to COVID-19 have been impacting adversely to military radars market as the demand for relevant spare parts is also low. Post-COVID-19, the 3D radars market is expected to witness significant growth as several countries have either already ordered or planning to procure such radars for their forces.
Small unmanned aircraft systems (UASs) frequently employ 3D radar systems. These aircraft are frequently utilized for sophisticated military surveys and surveillance activities. The technology's expanded capabilities have increased demand even further by making it possible to detect surface targets.
One of the key factors propelling the market for airborne 3D Radar is an increase in the money allocated to unmanned aerial vehicle research and development. The Teal Group Corporation study's findings indicate that the global (USA excluded) R&D UAV budget is anticipated to reach approximately USD 1550 million in 2023, up from just USD 910 million in 2018. Similar specialized UAV research and development is anticipated in the 3D radar system industry as well.
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3D Radar Market Overview
Rapid technical advancements and the introduction of modern warfare strategies have caused old combat systems to be replaced by cutting-edge combat technologies like electronic warfare and network-centric warfare. The 3D radar market is anticipated to expand as a result during the projected period of 2023 to 2030. The frequency band, range, platform, and geographic region have all been used to segment the 3D radar market.
3D Radar Market Segmentation Analysis
The 3D radar market has been divided into the C/S/X band, L band, E/F band, and other frequency bands. An interval during which a specific radar sends a signal is known as a frequency band. The wavelengths of these frequency bands, which span from 0 GHz to 40 GHz, set them apart from one another. Antennas transmit radio frequency waves into space, which are then reflected by the targets.
The 3D radar market has been divided into long-range, medium-range, and short-range segments based on range. In 2017, the long-range category is anticipated to dominate the 3D radar market. Due to its increasing usefulness in weather monitoring applications, long-range 3D radar has grown in popularity recently. This is because it aids in the precise prediction of natural disasters including floods, earthquakes, cyclones, and hurricanes.
The 3D radar market has been divided into airborne, ground, and naval segments based on the platform. While the airborne segment is anticipated to dominate the market in 2017, the ground sector of the 3D radar market is anticipated to experience maximum growth over the forecast period. As the use of airborne 3D radar in unmanned aerial vehicles (UAVs) enables simple data collection of rapidly changing terrains, such as snow slopes and active volcanoes, manufacturers of various types of airborne 3D radar are working to develop specialized airborne 3D radar for UAVs.
3D Radar Market Regional Insights
Due to the rise in maritime crimes and the adoption of marine transit products in the Indian and Arabian Seas, the Asia-Pacific area is predicted to experience the quickest development. The advantages of 3D radar, such as its capacity to operate in inclement weather including rain, fog, and dust, and its ability to cover both long- and short-range distances, are helping to drive the market's expansion in the area.
Border disputes between the region's neighboring countries are also anticipated to spur further market expansion. Additionally, since the defense budgets of many nations, like China and India, have increased, more suppliers are conducting research and development on 3D radar technologies. These businesses are attempting to broaden their geographic reach by diversifying their product offerings to meet local needs.
3D Radar Market Outlook
According to the International Air Transport Association, 31% of the 316 incidents that happened would have been avoided if the operator's state's regulatory control had been improved. For ensuring a safe and collision-free operation as well as for efficient operations, air traffic management (ATM) becomes essential. The adoption of 3D radar systems is expanding since it is the long-term solution.
The market opportunity for 3D radar systems, supporting infrastructure for detecting small flying or intruding objects, is also anticipated to be complemented by spending on military warfare systems.
However, certain challenges could impede the growth of the 3D radar market, including high installation costs and the need for specialized knowledge to operate and maintain the system.
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Global 3d Radar Market Table of Contents
Frequency Band Outlook
- C/S/X Band
- E/F Band
- L Band
- Others
Range Outlook
- Long Range
- Medium Range
- Short Range
Platform Outlook
- Airborne
- Ground
- Naval
Regional Outlook
- Europe
-
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- Austria
- Finland
- Belgium
- Turkey
- Russia
- Poland
- Hungary
- Czech Republic
- Switzerland
- Netherlands
- Rest of Europe
-
- North America
-
- U.S.
- Canada
- Mexico
-
- Asia-Pacific
-
- Japan
- China
- India
- Australia
- South Korea
- Vietnam
- New Zealand
- Philippines
- Thailand
- Malaysia
- Hong Kong
- Taiwan
- Singapore
- Indonesia
- Sri Lanka
- Rest of Asia-Pacific
-
- South America
-
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
-
- Middle East And Africa
-
- South Africa
- U.A.E.
- Saudi Arabia
- Oman
- Qatar
- Iran
- Egypt
- Rest of Middle East and Africa
-
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Report Scope
| Report Feature | Descriptions |
| Growth Rate | CAGR of 18.69% during the forecasting period, 2023-2030 |
| Historical Data | 2019-2021 |
| Forecast Years | 2023-2030 |
| Base Year | 2022 |
| Units Considered | Revenue in USD million and CAGR from 2023 to 2030 |
| Report Segmentation | Type, Service, and Region. |
| Report Attribute | Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
| Regional Level Scope | North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
| Country Level Scope | U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
| Companies Profiled | Northrop Grumman Corporation, Raytheon Company, Thales Group, BAE Systems Plc, Airbus Defense and Space, Honeywell International Inc., SAAB Group, Harris Corporation, Leonardo S.p.A, ASELSAN A.S., Rheinmetall AG, and ELTA Systems Ltd among others. |
| Available Customization | In addition to the market data for the 3d radar Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirement. |
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