Global radar systems market growth is due to growing R&D in military simulation and rising defence spending in emerging economies. In 2017, the world's total military budget stood at US$ 1739 billion. Some companies such as Vayyar Imaging are developing new evaluation kits to increase the market's growth. These evaluation kits allow manufacturers the ability to test their 3D-radar systems and identify which applications are cost-effective.
Air
The airborne radar systems market is primarily driven by the growing demand for advanced airborne surveillance radars. The market is also driven by the growing procurement of military aircraft, and the development of new models. In fact, the Indian Ministry of Defense recently signed a contract with Airbus to acquire 56 C-295 aircraft by 2021. Airbus' final assembly facility in Spain will deliver the 16 first-class aircraft, while 40 of the remaining aircraft will go to India.
Marine
The market for marine radar systems is expected to grow at 2.4% CAGR over the forecast period. Radar has been used in many maritime applications including surveillance and weapons guidance. This technology helps identify stationary and moving objects and prevents accidents. Although the economic downturn has affected manufacturing and supply chain activities, the consumption for marine radar is expected back to normal once the economy stabilizes.
Unmanned
The Unmanned Radar Systems Market Report provides comprehensive insights into the market, including recent developments and trade regulations. The market report highlights potential opportunities for market participants through the advancement of low-cost radars, and miniaturized radars. Over the forecast period, however, strict trade regulations will continue to be a problem as well new jamming techniques.
Land
The market for land radar systems worldwide is segmented into North America and Europe. North America is a major market for radar products. It accounts for 38.8% in the total land-based market for military radar systems. Asia-Pacific was able to account for a greater portion of the land-based radar systems market. This is mostly due to countries like China, India and Japan. Latin America and Africa are also important regions for radar systems.
Space
Global Space for radar systems is expected to grow at 10.1% between 2018-2022. The privatization of the sector for space exploration is expected be the reason for this growth. The government is supporting the development of the space sector and private companies have begun to use space radar systems.
Radar systems are in high demand in regions
France's radar sensor market is expected to grow at a higher CAGR of over 8 percent over the next five year. This is due to several factors including the expansion of the French aerospace & defense sector and increased research and development in companies that manufacture military vehicles and special aviations.