Apr 9, 2021   SOURCE: BusinessWire

Global Airborne Radars Market (2020 to 2025) - Lightweight Radar for Unmanned Aerial Vehicles Presents Opportunities - ResearchAndMarkets.com

The "Global Airborne Radars Market by Technology (Software-defined Radar, Conventional Radar, Quantum Radar), Dimension (2D, 3D, 4D), Application, Platform, Waveform, Component, Frequency Band, Range, Installation Type, and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global airborne radars market is projected to grow from USD 4.1 billion in 2020 to USD 6 billion by 2025, at a CAGR of 8% from 2020 to 2025.

The market is driven by factors such as the rising demand for phased array radars for better operational efficiency during air surveillance, border surveillance, and commercial applications.

The airborne radars market includes major players Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), Hensoldt AG (Germany), Leonardo SPA (Italy), BAE Systems (UK), Israel Aerospace Industries (Israel), Saab AB (Sweden), Aselsan (Turkey), Elbit Systems (Israel) and L3Harris Technologies (US. These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East & Africa and Latin America. COVID-19 has impacted their businesses as well.

The digital signal processor segment of the market is projected to grow at the highest CAGR from 2020 to 2025

Based on component, the digital signal processor segment is projected to grow at the highest CAGR during the forecast period. The growth in the airborne radars market is expected to drive the growth of these different components proportionately. The requirement of advanced radar systems, as well as upgradation and modernization of conventional radar, will help grow the market for radar components. Thus, the growth rate of multiple components, such as transmitters, receivers, and power amplifiers, is expected to be in a similar range during the forecast period.

Based on platform, the UAVs segment is projected to lead the airborne radars market across the forecast period

Based on platform, the UAVs segment is projected to grow at the highest CAGR during forecast period. The demand for sophisticated airborne radars to support airborne surveillance activities through UAVs by several defense organizations is driving the UAVs segment growth globally.

The North American region is estimated to account for the largest share of the airborne radars market in 2020

The airborne radars market in the North American region is expected to witness substantial growth during the forecast period, owing to increased investments in airborne radar technologies by countries in this region. Defense forces of the US and Canada are involved in the development of technologically advanced radar systems for airborne platforms such as fighter aircraft and UAVs, which drives market growth. Well-established and prominent manufacturers of airborne radar systems in this region include Lockheed Martin (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), and Raytheon (US).

Market Dynamics

Drivers

  • Increasing Demand for Phased Array Radar for Better Operational Efficiency
  • Focus on Development of Compact Radar for UAV Platforms
  • Demand for Advanced Weather Monitoring Radar
  • Technological Advancements in Airborne Radar Systems
  • Significant Investments by Governments to Upgrade Existing Fighter Aircraft Radar
  • Increasing Use of Airborne Radar-Based Geological Surveying

Restraints

  • High Development and Maintenance Costs

Opportunities

  • Increase in Research & Development in Advanced Airborne Surveillance Technologies
  • Lightweight Radar for Unmanned Aerial Vehicles

Challenges

  • Limited Efficiency in Extreme Weather Conditions
  • New Jamming Techniques
  • Stringent Policies on Cross-Border Trading

Companies Mentioned

  • Ainstein Radar Systems
  • Airbus Group
  • Aselsan A.S.
  • BAE Systems plc
  • Bharat Electronics Ltd. (BEL)
  • Elbit Systems Ltd.
  • Garmin Limited
  • Hensoldt AG
  • Honeywell Inc.
  • Indra Company
  • ISRael Aerospace Industries Ltd. (IAI)
  • JSC Radar MMS
  • L3Harris Technologies
  • Leonardo S.p.A.
  • Lockheed Martin Corporation
  • Metasensing
  • Mitsubishi Electric
  • Northrop Grumman Corporation
  • Optimare Systems GmbH
  • Raytheon Technologies Corporation
  • SAAB AB
  • SRC, Inc.
  • Telephonics Corporation
  • Thales Group
  • The Boeing Company

For more information about this report visit https://www.researchandmarkets.com/r/xv78xk