The 3D radar market is forecast to reach $1,775.0 million by 2022 from $702.8 million in 2017 at a CAGR of 20.36% during (2017-2022) driven by the emergence of modern warfare techniques, adoption of 3D radar by airports, and geopolitical instabilities in the Middle East and Asia Pacific regions.
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The North American region is estimated to account for the largest share of the 3D radar market in 2017 while the Asia Pacific 3D radar market is projected to grow at the highest CAGR during the forecast period. The increased demand for different types of 3D radar that are utilized in surveillance activities is anticipated to drive the growth of the 3D radar market in the North American region.
In addition, the military forces of the US are currently involved in replacing their legacy radar systems with highly advanced 3D radar systems.
Target Audience for this Report:
- Original Equipment Manufacturers (OEMs)
- Defense Organizations
- Manufacturers of Defense Systems
- Component and Material Manufacturers of 3D Radar Systems
- 3D Radar Research Centers
The Asia Pacific 3D radar market is projected to grow at the highest CAGR during the forecast period, owing to the increased military budgets and deployment of various defense systems, such as X-band radar at military bases. The increasing deployment of ballistic missiles and air & missile defense systems offers opportunities for the growth of the 3D radar market during the forecast period.
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The key players profiled in this report on the 3D radar market are Northrop Grumman Corporation (US), Raytheon Company (US), Thales Group (France), Airbus Defense and Space (US), BAE Systems plc (UK), etc., and manufacturers of different types of 3D radar such as Honeywell International Inc. (US), SAAB Group (Sweden), ELTA Systems Ltd.
(Israel), Leonardo S.p.A. (Italy), Indra Sistemas, S.A. (Spain), etc.
Based on the platform, the airborne segment is estimated to account largest share of the 3D radar market in 2017. The growth of this segment of the market can be attributed to the increasing applicability of airborne 3D radar in the aerospace industry.
Airborne 3D radar is deployed in both, civil as well as military aircraft. Airborne 3D radar facilitates the detection of another aircraft without requiring visual contact during conditions of reduced visibility.
It also provides information with respect to weather conditions and issues warnings to pilots.
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In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews.
The interviews were conducted with various key people such as C-Level (35%), Directors (25%) and others (40%) from various key organizations operating in the 3D radar market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (20%), Asia Pacific (30%), and RoW (5%).
Research Coverage: The market study segments the 3D radar market based on the range (long range, medium range, short range), frequency band (C/S/X band, L band, E/F band, and others), platform (airborne, ground, and naval) and maps these segments and sub segments across five major regions, namely, North America, Europe, Asia Pacific, Middle East and Rest of the World (RoW). The report provides an in-depth market intelligence regarding market dynamics and major factors such as drivers, restraints, opportunities, and industry-specific challenges that influence the growth of the 3D radar market, along with analyzing micro markets with respect to individual growth trends, future prospects, and their contribution to the 3D radar market.
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