Home > > > Solid State Radar Market to reach $3.3 billion at a CAGR of 7.5%?-?2030

Solid State Radar Market to reach $3.3 billion at a CAGR of 7.5%?-?2030

Author : Shital Thakare | Published On : 22 Jan 2024

The Solid State Radar Market is projected to reach $3.3 billion by 2030, at a CAGR of 7.5% from 2023 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.

Solid-state radar, or broadband radar, is the primary type of radar for modern tactical applications powered by semiconductor technology rather than a vacuum tube. This device is used across automotive, aviation, weather monitoring, and military & defense industries. It can be used for different applications, including detection, tracking and surveillance, weapon control and missile guidance, tracking and detecting satellites and spacecraft, weather conditions, and ship navigation.

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The growth of this market is driven by the increased demand for advanced weather monitoring radars 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.

Based on geography, the global solid state radar market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is estimated to account for the largest share of the global solid state radar market. North America’s major market share is attributed to the increasing demand for solid-state phased array radar systems by the defense sector, growing demand for advanced weather monitoring radar systems, and the cost-effectiveness of solid state radar systems. Furthermore, the increasing adoption of solid state radars in navigation, border security & surveillance, and traffic management applications is promoting the growth of the regional market. However, Asia-Pacific is projected to register the highest CAGR during the forecast period.

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.

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                   

  • S-band
  • X-band
  • L-band
  • C-band
  • Ka-band
  • Ku-band
  • Other bands

Solid State Radar Market, by Dimension

  • 2D
  • 3D
  • 4D

Solid State Radar Market, by Waveform

  • Doppler
  • Frequency Modulated Continuous Wave

Solid State Radar Market, by Application

  • Airspace Monitoring & Surveillance
  • Weather Monitoring
  • Collison Warning
  • Navigation
  • Airport perimeter Security

Solid State Radar Market, by End User

  • Automotive
  • Aviation
  • Military & Defense
  • Metereology Institute
  • Other End-use Industries

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