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Solid State Radar Market by Frequency Band, Dimension, Waveform, Application, End User (Automotive, Aviation, and Other End User), and Geography - Global Forecast to 2030
Report ID: MRICT - 104768 Pages: 250 Jun-2024 Formats*: PDF Category: Information and Communications Technology Delivery: 24 to 72 Hours Download Free Sample ReportThe Solid State Radar Market is projected to reach $3.3 billion by 2030, at a CAGR of 7.5% from 2024 to 2030. The growth of this market is driven by the increased demand for advanced weather monitoring radar and the growing demand for solid-state phased array radar systems from the defense sector. However, the high manufacturing cost may restrain the market’s growth. The growing demand for 3D solid-state radars and the surge in demand for air surveillance radars are expected to offer significant growth opportunities for stakeholders in the solid state radar market. Furthermore, the consistent development in countering existing radar technology is expected to pose a challenge to the growth of the solid state radar market.
The COVID-19 pandemic had a significant impact on the solid state radar industry. The global economic slowdown and the resulting decrease in demand for commercial and military aircraft have affected the production and sales of solid state radars. Additionally, the temporary shutdown of factories and supply chain disruptions impacted the production of solid-state radars, leading to shortages and higher costs.
The aerospace and defense industries, major customers for solid state radars, have been impacted by reduced funding and decreased spending due to the pandemic, leading to a slowdown in the development and implementation of new radar systems. This has resulted in delays in new product launches and the introduction of new technologies.
However, the increased focus on national security and border protection during the pandemic has increased demand for air defense radars, which use solid state technology. This has boosted the solid state radar market, as governments are investing in new defense systems to secure their borders.
The automotive industry reported a significant revenue decline due to stringent global government regulations for factory closure, the shutdown of manufacturing processes and other regulations. Moreover, low consumer demand for advanced driver assistance systems (ADAS) and disrupted flight operations negatively impacted this industry.
Solid state radar providers plan to move forward and capitalize on the lucrative growth opportunities that have resulted from the COVID-19 pandemic. The market is projected to transform drastically over the coming years. Companies are developing innovative solutions to adapt to the changes in customer preferences.
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Increased Demand For Advanced Weather Monitoring Radar to Fuel the Market Growth
Solid state weather radar systems are gaining traction owing to their notable benefits, such as high accuracy, reduced running costs, improved stability & maintainability, low maintenance cost, and effective usage of radio waves. They are used to monitor weather conditions and provide detailed images of weather patterns, including precipitation, winds, and temperature. The use of solid-state technology in weather radars offers several advantages, including improved power density, efficiency, and reliability. These radars can also operate at higher frequencies, improving resolution and accuracy.
In recent years many players have been exerting efforts to provide cutting-edge c-band weather radar technology for high-performance weather surveillance and smart early-warning decisions. It provides high performance and exceptional accuracy for improved prediction and preparation for adverse weather.
Meteorologists are leveraging solid state radar systems to predict the weather forecast. Radar can decipher how far away precipitation is, its speed and how big droplets or snowflakes are. This data can then be used in computer forecasting models to predict future weather trends while alerting meteorologists to upcoming precipitation, storms or severe weather. In such a way, a surge in demand for advanced weather monitoring radar is driving the growth of the market.
Some of the recent developments in this market space are as follows:
Such developments are expected to support the growth of the market.
Based on frequency band, in 2024, the S-band segment is estimated to account for the largest share of the market
Based on frequency band, in 2024, the S-band segment is estimated to account for the largest share of the global solid state radar market. The large market share of this segment is attributed to the rising need to produce accurate and reliable observations under severe weather conditions, growing demand for solid state radar systems for various hydrometeorological and navigation applications, and increasing implementation of S-band radar systems for civilian and military aircraft navigation.
Based on end user, the automotive segment is projected to register the highest CAGR during the forecast period
Based on end user, the automotive segment is projected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to the increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles. Solid-state radars are used in these applications to improve vehicle safety, reduce the likelihood of accidents, and enhance the driving experience. Further, the increasing need to enable essential safety and comfort features, including adaptive cruise control and automatic emergency braking systems, is expected to promote the growth of this segment.
Based on application, the airspace monitoring & surveillance segment is projected to register a higher CAGR during the forecast period
Based on application, the airspace monitoring & surveillance segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by factors such as the increasing demand for solid-state radar systems to detect all flight movements in specific airspace, growing demand for air traffic control radar (ATC) for the surveillance of scheduled flights, and increasing demand for solid state radars for traffic control operations.
Asia-Pacific: The Fastest-growing Regional Market
Asia-Pacific is projected to register the highest CAGR during the forecast period. The rapid growth of solid state radar in the Asia-Pacific region is attributed to the growing demand for solid state radar systems for aircraft monitoring applications, growing demand for border control and security applications, and increasing implementations of 3D radar systems.
Further, regional countries like India, Japan, and China are witnessing a higher need for modern naval radars with advanced technology. In addition, the requirement for anti-ballistic missile systems in the defense services is expected to need solid state radar systems. The growing aerospace sector and rising demands for surveillance of global threats in the region have fuelled the deployment of solid state radar systems in emerging economies such as China, India, Malaysia, and others, in turn, is expected to promote the growth of the market.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market participants between 2020 and 2022. The key players operating in the global solid state radar market are Thales Group (France), Honeywell International Inc. (U.S.), Raytheon Technologies Corporation (U.S.), GARMIN LTD. (U.S.), Indra Sistemas, S.A. (Spain), Japan Radio Co., Ltd. (Japan), ICS Technologies, Inc (Italy), Terma Group (Denmark), Reutech Radar Systems (South Africa), FURUNO ELECTRIC CO., LTD. (Japan), BAE Systems plc (U.K.), Blighter Surveillance Systems Limited (U.K.), GEM Electronica (Italy), ELBIT SYSTEMS LTD. (Israel), and Lockheed Martin Corporation (U.S.)
Scope of the Report:
Solid State Radar Market, by Type
Solid State Radar Market, by Dimension
Solid State Radar Market, by Waveform
Solid State Radar Market, by Application
Solid State Radar Market, by End User
Solid State Radar Market, by Geography
Key questions answered in the report:
The global solid state radar market is projected to reach $3.3 billion by 2030, at a CAGR of 7.5% during the forecast period.
Which end-user segment showcases high growth opportunities for the solid state radar market players?
Based on end user, in 2024, the aviation segment is estimated to account for the largest share of the global solid state radar market. The large market share of this segment is mainly attributed to the growing need for solid state radar systems to track aircraft, the increasing need to provide precision approach guidance to aircraft landing, and the growing need to understand situational awareness of hazardous weather conditions, especially thunderstorms.
The airspace monitoring & surveillance segment is projected to register the highest CAGR during the forecast period due to the increasing demand for solid state radar systems to detect all flight movements in specific airspace and the increasing demand for air traffic control radar (ATC) for the surveillance of scheduled flights.
The growth of this market is driven by the increased demand for advanced weather monitoring radar and the growing demand for solid state phased array radar systems from the defense sector. The growing demand for 3D solid-state radars and the surge in demand for air surveillance radars are expected to offer significant growth opportunities for stakeholders in the solid state radar market.
The key players operating in the global solid state radar market are Thales Group (France), Honeywell International Inc. (U.S.), Raytheon Technologies Corporation (U.S.), GARMIN LTD. (U.S.), Indra Sistemas, S.A. (Spain), Japan Radio Co., Ltd. (Japan), ICS Technologies, Inc (Italy), Terma Group (Denmark), Reutech Radar Systems (South Africa), FURUNO ELECTRIC CO., LTD. (Japan), BAE Systems plc (U.K.), Blighter Surveillance Systems Limited (U.K.), GEM Electronica (Italy), ELBIT SYSTEMS LTD. (Israel), and Lockheed Martin Corporation (U.S.)
At present, North America dominates the global solid state radar market. However, Germany, Japan, China, India, South Korea, the Netherlands, and the U.K. are expected to witness strong growth in demand for solid state radar in the coming years.
Published Date: Nov-2024
Published Date: Nov-2024
Published Date: Nov-2024
Published Date: Nov-2024
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