The integrated 3D radar market is anticipated to expand its roots at a steady CAGR of 12.8% between 2023 and 2033. The market is expected to have a market share of USD 62.01 billion by 2033, while it is projected to be valued at USD 19.54 billion in 2023
The application of integrated 3D radar in the weather forecast, defense, and air defense sectors has flourished the market’s success. Furthermore, enhanced imaging and sensing operations with smooth data migration. The higher power on lower power radar systems with other innovative technologies is gaining traction. The Navy and Airforce undertake extensive operations, including integrated 3D radar systems.
Contact Our Sales Team Today to Discover the Key Insights for Your Success!
The countries advancing their military power by adopting cutting-edge tracking tools are projected to lead the market during the forecast period. Moreover, the integration of two-dimensional angular resolution-based radar systems is also welcomed in air defense systems to safeguard the borders from infiltration of the enemy.
Government projects, including energy projects, adopt this integrated 3D radar system to safeguard their ongoing projects from getting tracked or spied on.
Asian emerging economies like India and China have introduced a series of 3D and 2D integrated radar systems. The threat that emerged through the Russia-Ukraine war has recently triggered defense agencies across Europe. Thus, the adoption of defense tracking and radar-based tools has increased.
Key Takeaways from the Integrated 3D Radar Market Report
- The United States market leads the integrated 3D radar market in terms of market share in North America. The United States region held a market share of 18.5% in 2023. The growth in this region is attributed to higher military expenditure and expanding private military goods production. The North American region held a significant market share of 30.6% in 2022.
- Germany’s market is another flourishing market in the European region. The market holds a market share of 12.4% in 2022. The growth is attributed to the expanding research and development facilities. Though, the European region had a market share of 23.2% in 2022
- The Indian integrated 3D radar market booms at a CAGR of 14.4% during the forecast period. Increased defense imports, military budget, and in-house production cause the market’s growth.
- The Chinese market also thrives at a CAGR of 10.4% between 2023 and 2033. The growth is attributed to bulk imports and expanding production facilities.
- Based on component type, the hardware segment held the leading market share of 25.8% in 2022.
- Based on frequency band type, the D band (L Brand Radar) segment performed well, holding a leading % market share of 30.5% in 2022.
Competitive Landscape
The key vendors focus on higher effectiveness, effortless functionality, low power, efficiency, and faster transmission. Key competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Key Players
- Airbus Defense & Space
- Bae Systems Plc
- Harris Corporation
- Honeywell International Inc
- Leonardo S.p.a
A Full Report on the Market:
https://www.futuremarketinsights.com/reports/integrated-3d-radar-market
Recent Market Developments
- Harris Corporation has introduced the AN/SPS-48G (V)1 Long Range 3D Surveillance Radar. It has been selected by the United States Navy to continue its mission of aiding USN operations through the year 2050.
- Leonardo S.p.a has launched its multi-functional and multi-domain 3D integrated radar systems. A few of its radar systems include IRST and Sighting Systems. The company has recently showcased its technologies for maritime challenges at SEAFUTURE.
Key Segments Covered
By Component:
- Hardware
- Software
- Services
- Consulting
- Installation & Integration
- Maintenance
By Frequency Band:
- HF-UND VHF-RADAR
- C-Band (UHF-Radar)
- D-Band (L-Band Radar)
- E/F-Band (S-Band Radar)
By Industry:
- Automotive & Public Infrastructure
- Energy and Utilities
- Government
By Platform:
- Airborne
- Ground
- Navel
Key Regions Covered:
- North America
- Latin America
- Europe
- Japan
- Asia Pacific Excluding Japan
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
