Solid State Radar Market

Solid-State Radar Market Size, Share & Trends (2022 - 2027)

The global solid state radar market revenue was valued at USD 1.7 billion in 2021 and is expected to reach USD 2.0 billion by 2026, registering a CAGR of 4.2% during the forecast period 2022 - 2027.

Solid-state radar has varied advantages compared to conventional radars. In clutter, these radars can easily detect a moving target efficiently. The system will give a clear output by eliminating the magnetron by replacing it with a solid-state. Solid-state radars transmit continuous frequency known as a frequency modulated continuous wave (FMCW) that gives optimum output. This technology is highly used in military-based services. 

Solid-State Radar Market Trends:

Recent Developments:

• In 2020, Lockheed Martin introduced SPY-7 Radar in partnership with the US, Spain, Japan, and Canada. Lockheed Martin’s solid-state radar technology is developed to give protection for these four nations. This technology uses cutting-edge air and missile defense capabilities. 
• In 2021, Honeywell stated that Leonardo’s AW 139 would receive RDR-7000 weather Radar and the -036 Enhanced Proximity Warning System (EGPWS) upgrade. 
• In 2020, Leonardo and Indonesia Company PT Len Industri agreed to provide a RAT 31 DL/M radar system for the Indonesia Air Force (IAF). 
• In 2020, GMR Fantom 254/256 open-array radars were launched by Garmin. This system can deliver 250W of pulse compression power. 
• In 2019, US Air Force gave a contract to Raytheon. This contract is to design an upgraded solid-state radars that support missile defense and satellite warning operations at military stations in England. 

Drivers and Restraints of Solid State Radar Market:

Drivers: 

Rising prominence for the advanced weather monitoring radar is a major driving factor for the solid-state radar market to grow. Quick adoption of the latest technologies and rising prevalence for the development of phased-array solid-state radar are promoting the market's demand. Growing demand from the military forces for accurate technologies is enhancing the demand of the market. Government investments are growing in the military services that are ascribed to bolster the demand of the solid-state radar market. The emergence of various latest technologies like software-defined radars and digital components is leveling up the market's growth rate. These technologies are widely used in the solid-state radar that is optimized to give high-quality output. These radars have high target detection capabilities that are likely to promote these systems in various applications. Thus, the demand for solid-state radar is going enormously over the past few years. In addition, military services are quietly adopted to the unmanned aerial vehicles that are lavishing the demand for this market. 

Restraints: 

However, the high cost of manufacturing solid-state radars as it requires highly advanced techniques is slowly degrading the market's growth rate. These radars are susceptible to getting jam with the new techniques that are hampering the demand of the market. In addition, the lack of skilled people to manufacture the radars with the latest technologies in underdeveloped countries is likely to limit the growth rate of the solid-state radar market.

Solid-State Radar Market Segmentation:

By Frequency Band:

• C-Band
• S-Band
• X-Band
• L-Band
• Ka-Band
• Ku-Band

C-band and S-band segments are leading with the dominant shares of the market. The Ku-band However, thement is esteemed to have the highest growth rate during the forecast period 2022 - 2027. Increasing demand to launch new radars with the latest technologies is promoting the demand of these segments. 

By Dimension:

• 2D
• 3D
• 4D

The 3D segment is with the dominant shares of the market owing to the growing demand to design highly efficient systems in military services to promote quality surveillance. Therefore, the 4D segment is expected to have prominent growth opportunities in the coming years. 

By Waveform:

• Frequency Modulated Continuous Wave (FMCW)
• Doppler

By Application:

• Weather Monitoring
• Airspace Monitoring & Surveillance
• Navigation
• Airport Perimeter Security
• Collision Warning

The weather monitoring segment is ruling with the largest shares of the market owing to the growing prevalence to forecast accurate weather conditions. Therefore, the airspace monitoring & surveillance segment is to have prominent growth opportunities in the foreseen years. 

By Industry:

• Non-commercial
• Commercial

Solid-State Radar Market Region-wise analysis:

North America is dominating the shares of the solid-state radar market from past years and continuing the same flow during the forecast period. The rapid adoption of advanced technologies and high investments in military services are majorly promoting the market's demand in this country. Also, the solid-state radar has major applications in the traffic management system that is also a factor attributed to the flourishing market demand in North America. Furthermore, increasing support from a government organization to launch advanced technological systems amplifies the market's growth rate. 

Europe is holding the dominant share of the market, followed by the Asia Pacific. Growing economy and increasing spending on the military forces greatly influence the demand of the solid-state radar market. Growing prevalence for the adoption of accurate radars is likely to boost the growth rate of the market. Germany and France are major countries contributing the highest shares for the solid-state radar market. 

Asia Pacific is projected to hit the highest CAGR in the coming years. The growing prevalence of advanced solid-state radar technology is a key factor propelling the market's demand. In addition, increasing focus on improving surveillance and border security is ascribed to bolster the market's growth rate. Along with this, the quick adoption of lightweight unmanned aerial vehicles in the air force is escalating the market demand in the Asia Pacific.

Latin America is expected to have the fastest growth rate in the coming years. Middle East & Africa is expected to have a steady pace in the foreseen years.

Key Players of Solid State Radar Market: 

Some of the key players included in the solid-state radar market are:

• Lockheed Martins (US)
• Honeywell (US)
• Raytheon Technologies (US)
• Furuno (Japan)
• Thales Group (France)
• Elbit Systems (Israel)
• Leonardo (Italy)
• Garmin (US)
• Wartsila (Finland)
• Indra (Spain)
• Teledyne Flir (US)

The impact of COVID-19 on the Solid-State Radar market:-

COVID 19 is a deadly disease that ruined many lives in unprecedented ways. The sudden outburst of the pandemic caused disruptions in the global economy. The financial crisis hit all over the world with the spread of the novel coronavirus. Lockdown restrictions and ban on flights resulted in the decreased shares of the solid-state radar market. The supply chain was completely disrupted in 2020 that showcased the negative impact on the market revenue. However, with the unlock guidelines released by the government, all the activities were slowly resumed. This is a positive sign for the solid-state radar market to grow eventually.