Market Overview
The Global 3D Radar Market is predicted to proliferate in a significant manner over the calculated period. It is estimated that the target market is about to increase from USD 926.19 million in 2021 to reach around 2586.42 million by 2026, garnering a growth rate of about 19% over the prediction period of 2021-2026.
3D radar is a technology that provides the radar ranging & direction in three-dimensional aspects. Additionally, this 3D radar technology also serves to know elevation, whereas the traditional 2D radar only provides the azimuth (an angular measurement in a spherical coordinate system) for direction. Air defense, weather monitoring, and surveillance are the applications that are included under 3D Radar.
Recent Developments
Drivers and Restraints of 3D Radar Market
The major factors that are boosting the adoption of the 3D radar include the growing importance of 3D Radars in the industrial sector owing to the point that these 3D Radars providing more accurate & precise data. Growth in the investments, from various governments, on the advancements of military & defense for enhancing the capabilities in detection and the surveillance resolution & duration is the major influencing things in the target market growth in the forecasted period. Further, companies works on the growing their manufacturing of lightweight & innovative radars are influencing the Global 3D Radar Market, in a positive note. And the major developers of in the governments & automotive companies emphasizing to continue their huge amounts of investments for the advancements of this 3D Radar is expanding the target market in various end-users and applications.
Other aspects that are driving the growth of the Global 3D Radar Market include growing defense budgets of several developed nations progressively, for the national safety & security and the emerging countries replacing their traditional radar systems by these 3D Radar systems for providing the better border surveillance. Also, the rising concerns regarding the economic and security among various economies is another factor that was driving the growth of the target market, all around the world. Moreover, rising demand for radars that are light in weight which can get integrated into almost any kind of fixed structure, mobile platform, or C² systems is the factor that was promoting the growth of the Global 3D Radar Market.
However, the high cost that is involved in the business of some radars (as some radars have shorter lifecycle) is the major challenge that is hampering the growth of the worldwide 3D Radar Market.
Furthermore, major developers of these technologies finding the integration of artificial intelligence into the radar systems, massive amounts of investments that are to meet the rising needs of commercial enterprises and the growing deployment of technologically advance radars are creating the opportunities for the expansion of the target market players.
Market Segmentation of 3D Radar Market
Based on the frequency band, the global 3D Radar market is segmented into D- Band (L-band Radar), HF- and VHF- Radar, C- Band (UHF- Radar), E/F-band (S-band Radar), and Others.
Based on the services, the global 3D Radar market is segmented into Installation & Integration, Consulting, and Maintenance.
On the components, the global 3D Radar market is segmented into Software and Hardware.
Based on the platform, the global 3D Radar market is segmented as Naval, Airborne, and Ground.
By the Industry, the global 3D Radar market is segmented into Government, Automotive & Public Infrastructure, Energy & Utilities and Others.
3D Radar Market Region wise analysis
In the regional analysis of the Global 3D Radar Market, North America accounted for the most substantial share of the overall revenue around the world. Rising deployment of missiles that are ballistic and growing usage of UAVs in countries, like the US and Canada are the major factors that are driving the growth of the target market in this vicinity. Moreover, factors such as the growing adoption of modern techniques in the warfare that are with most advanced equipment and the rising investments in advancements in the defense sector are the other factors that are boosting the growth of the 3D Radar Market in North America.
The Asia-Pacific 3D radar market is determined to develop at a significant CAGR over the evaluation period. The major factors that are driving the growth of the target market in terms of revenue are the growing advancements in standards of security solutions and the growing monitoring & surveillance of global threats. Also, the growing disclosure of nuclear states in Asia-Pacific regions is another factor that is fuelling the growth of the target market in this area. Moreover, growing initiatives that are taken by various government authorities, which are in this region, regarding the support by investments in UAVs and the air force jets getting upgraded are estimated to boost the growth of the 3D Radar Market in Asia-Pacific locale.
Key Players of 3D Radar Market
The key players of the Global 3D Radar Market includes Northrop Grumman Corporation (US), Raytheon Company (US), Airbus Defense and Space (US), Thales Group, BAE Systems Plc, Honeywell International Inc, SAAB Group, Harris Corporation, Rheinmetall AG, ASELSAN A.S., ELTA Systems Ltd, Leonardo S.P.A etc
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 3D Radar Market, By Component
6.1.1 Software
6.1.2 Hardware
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 3D Radar Market, By Services
6.2.1 Installation & Integration
6.2.2 Consulting
6.2.3 Maintenance
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 3D Radar Market, By Frequency Band
6.3.1 D- Band/L-band Radar
6.3.2 HF- & VHF- Radar
6.3.3 C- Band/UHF- Radar
6.3.4 E/F-band/S-band Radar
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 3D Radar Market, By Platform
6.4.1 Naval
6.4.2 Airborne
6.4.3 Ground
6.4.4 Market Size Estimations & Forecasts (2019-2024)
6.4.5 Y-o-Y Growth Rate Analysis
6.4.6 Market Attractiveness Index
6.5 3D Radar Market, By Industry
6.5.1 Government
6.5.2 Automotive & Public Infrastructure
6.5.3 Energy & Utilities
6.5.4 Market Size Estimations & Forecasts (2019-2024)
6.5.5 Y-o-Y Growth Rate Analysis
6.5.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Component
7.2.3 By Services
7.2.4 By Frequency Band
7.2.5 By Platform
7.2.6 By Industry
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Component
7.3.3 By Services
7.3.4 By Frequency Band
7.3.5 By Platform
7.3.6 By Industry
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Component
7.4.3 By Services
7.4.4 By Frequency Band
7.4.5 By Platform
7.4.6 By Industry
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Component
7.5.3 By Services
7.5.4 By Frequency Band
7.5.5 By Platform
7.5.6 By Industry
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Component
7.6.3 By Services
7.6.4 By Frequency Band
7.6.5 By Platform
7.6.6 By Industry
8. Key Player Analysis
8.1 Northrop Grumman Corporation
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Raytheon Company
8.3 Airbus Defense and Space
8.4 Thales Group
8.5 BAE Systems Plc
8.6 Honeywell International Inc
8.7 SAAB Group
8.8 Harris Corporation
8.9 Rheinmetall AG
8.10 ELTA Systems Ltd
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
