3D Radar Market By Frequency Band (C/S/X Band, E/F Band, L Band, Others), By Range (Short Range, Medium Range, Long Range), By Application (Airborne, Naval, Ground Surface) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

The Increasing Adoption of Unmanned Vehicles for Military Application is Driving the Growth of the 3D Radar Market.

Globally, the 3D radar market is expected to grow with a CAGR of 18.2% during the forecast period from 2019 to 2027, starting from US$ 775.6 Mn in 2018. The increasing adoption of unmanned aerial vehicles for military operations and advanced surveillance applications drives the market. As the political tension across the countries is rising and terrorist activities are increasing, governments are shifting towards advanced UAVs for borderline surveillance and monitoring. This has resulted in the increasing procurement of UAVs for military applications. Since 3D radar is widely used across UAVs for remote sensing, the growing adoption of UAVs is estimated to drive the adoption of 3D radar.

The rising significance of air traffic management solutions is further estimated to drive the adoption of 3D radar systems. 3D radars are widely used across military and civil aircraft for collision detection and remote sensing applications. Its superior properties make it an ideal solution for air traffic management applications hence, driving the growth of the 3D radar market. However, the high cost of 3D radar systems is estimated to be the major inhibitor in the growth of the market.     

Market Synopsis

Short Range Radar is Estimated to Grow Significantly During the Forecast Period  

The 3D radar market is categorized based on the range into long range, medium range, and short range. The long-range 3D radar segment accounted for more than 62% of the revenue in 2018. The growth of the market is driven by the large-scale adoption of long-range radar systems in weather monitoring applications. In addition, it is used for accurate prediction of natural disasters. On the other hand, the short-range radar market is estimated to gain traction during the forecast period due to its wide-scale adoption across UAVs.

North America is Leading the 3D Radar Market            

North America led the global 3D radar market in 2018, with a market share of more than 41%. The growth of the market is driven by high spending on military and defense applications in the region. The Increasing activities for the procurement of UAVs for military applications are also a significant driver of the market's growth. Additionally, the increasing research activities for UAVs also support the region's market growth.

The major vendors in the 3D radar market are ASELSAN A.S., Airbus Defense and Space, ELTA Systems Ltd, BAE Systems PLC, Honeywell International Inc, Harris Corporation, Leonardo S.P.A, SAAB Group, Raytheon Company, Northrop Grumman Corporation, Rheinmetall AG, and Thales Group.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The 3D radar market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global 3D radar market based on frequency band, range, application, and geography. 

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