Naval Radar Market Trends and Forecast
The future of the global naval radar market looks promising with opportunities in the naval ship, submarine, and unmanned surface vehicle markets. The global naval radar market is expected to reach an estimated $16.2 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are growing focus on maritime surveillance & defense, increasing cases of maritime threats, and rising advancements in radar systems.
• Lucintel forecasts that naval surveillance radar is expected to witness the highest growth over the forecast period.
• Within this market, naval ship is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Raytheon and Lockheed Martin are developing advanced naval radar systems. The U.S. Navy aims to upgrade radar capabilities on its ships to improve maritime surveillance and target detection, aligning with national defense objectives.
China: Chinese companies like CETC and Norinco are investing in next-generation naval radar technologies. The Chinese government targets enhancing radar range and accuracy on naval vessels to strengthen maritime security in the South China Sea and beyond.
Germany: Thales and Hensoldt are collaborating on naval radar modernization projects. The German Navy aims to deploy radar systems with improved anti-jamming capabilities and long-range detection for enhanced maritime defense and situational awareness.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Naval Radar by Segment
The study includes a forecast for the global naval radar by type, component, application, and region.
Naval Radar Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Naval Surveillance Radar
• Naval Fire Control Radar
• Naval Navigation Radar
Naval Radar Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Antennas
• Transmitters
• Receivers
• Power Amplifiers
Naval Radar Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Naval Ships
• Submarines
• Unmanned Surface Vehicles
• Others
Naval Radar Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Naval Radar Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies naval radar companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the naval radar companies profiled in this report include-
• RTX
• Lockheed Martin
• Airbus Group
• Northrop Grumman
• BAE Systems
• Thales Group
• Leonardo
• Rheinmetall
• Garmin
• SAAB
Recent Development in the Naval Radar Market
Lockheed Martin: Lockheed Martin announced the development of the AN/SPY-7(V)1 radar system for use in naval applications. This system offers improved target detection and tracking capabilities, enhancing naval vesselsÄX%$%X situational awareness and defense capabilities against evolving threats.
Thales Group: Thales has introduced the SMART-L MM radar, a multifunctional naval radar system designed to provide long-range surveillance and detection capabilities. This radar is integrated into naval platforms to bolster maritime security and support operations in complex environments.
Raytheon Technologies: Raytheon Technologies has launched the AN/SPS-78 Next Generation Radar (NGR), a cutting-edge radar system for naval vessels. The NGR features advanced electronic scanning technology and enhanced target tracking capabilities, contributing to improved maritime domain awareness and threat detection.
Saab AB: Saab AB has developed the Sea Giraffe 4A Fixed Face radar system, designed for naval applications to deliver 360-degree situational awareness and long-range surveillance capabilities. This radar system enhances naval vesselsÄX%$%X ability to detect and track air and surface threats in diverse maritime environments.
Hensoldt: Hensoldt has introduced the TRS-4D naval radar system, incorporating AESA (Active Electronically Scanned Array) technology for enhanced detection and tracking of multiple targets simultaneously. The TRS-4D radar system is integrated into naval platforms to support maritime defense operations with high-performance radar capabilities.
Features of the Global Naval Radar Market
Market Size Estimates: Naval radar market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Naval radar market size by type, component, application, and region in terms of value ($B).
Regional Analysis: Naval radar market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, components, applications, and regions for the naval radar market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the naval radar market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the naval radar market size?
Answer: The global naval radar market is expected to reach an estimated $16.2 billion by 2030.
Q2. What is the growth forecast for naval radar market?
Answer: The global naval radar market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the naval radar market?
Answer: The major drivers for this market are growing focus on maritime surveillance & defense, increasing cases of maritime threats, and rising advancements in radar systems.
Q4. What are the major segments for naval radar market?
Answer: The future of the naval radar market looks promising with opportunities in the naval ship, submarine, and unmanned surface vehicle markets.
Q5. Who are the key naval radar market companies?
Answer: Some of the key naval radar companies are as follows:
• RTX
• Lockheed Martin
• Airbus Group
• Northrop Grumman
• BAE Systems
• Thales Group
• Leonardo
• Rheinmetall
• Garmin
• SAAB
Q6. Which naval radar market segment will be the largest in future?
Answer: Lucintel forecasts that naval surveillance radar is expected to witness the highest growth over the forecast period.
Q7. In naval radar market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the naval radar market by type (naval surveillance radar, naval fire control radar, and naval navigation radar), component (antennas, transmitters, receivers, and power amplifiers), application (naval ships, submarines, unmanned surface vehicles, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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