Target Designation Radar Market Trends and Forecast
The future of the global target designation radar market looks promising with opportunities in the air force, navy, and army markets. The global target designation radar market is expected to grow with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are growing demand for the advanced defense systems & technologies and rising geopolitical tensions & military expenditures.
• Lucintel forecasts that two-coordinate radar is expected to witness higher growth over the forecast period.
• Within this market, air force is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Target Designation Radar Market
• United States: Raytheon Technologies announced plans to enhance their AN/APG-79 radar system to improve target designation capabilities for the U.S. Navy’s F/A-18E/F Super Hornet fleet. The U.S. Department of Defense also set a target to integrate advanced radar systems into unmanned aerial vehicles (UAVs) by 2025.
• United Kingdom: BAE Systems secured a contract to supply the Royal Air Force with upgraded radar systems for the Eurofighter Typhoon. The UK Ministry of Defence targets enhancing the radar’s precision in target designation for future combat air systems.
• Israel: Elbit Systems launched a new generation of multi-mission radar (MMR) systems designed for enhanced target designation in both air and ground operations. The Israeli Defense Forces aim to deploy these advanced radars by 2026 to boost national defense capabilities.
• India: Bharat Electronics Limited (BEL) announced the development of indigenous target designation radars for the Indian Armed Forces. The Indian government targets achieving self-reliance in defense technology and plans to deploy these systems along the country’s borders by 2025.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Target Designation Radar Market by Segment
The study includes a forecast for the global target designation radar market by type, application, and region.
Target Designation Radar Market by Type [Value from 2018 to 2030]:
• Two-Coordinate Radar
• Three-Coordinate Radar
Target Designation Radar Market by Application [Value from 2018 to 2030]:
• Air Force
• Navy
• Army
Target Designation Radar Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Target Designation 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 target designation radar companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the target designation radar companies profiled in this report include-
• Raytheon
• Northrop Grumman
• MEADS
• Rockwell Collins
• Lockheed Martin
• BAE Systems
• Thales Group
• Aerospace Nanhu Electronic Information Technology
• Glarun Technology
• Leike Defense Technology
Recent Development in the Target Designation Radar Market
• Northrop Grumman: Northrop Grumman has recently introduced an advanced radar system that enhances target acquisition and tracking capabilities. The new system integrates cutting-edge technology to improve accuracy and reliability, catering to both ground and airborne applications. This development underscores Northrop GrummanÄX%$%Xs commitment to advancing radar technology and strengthening defense capabilities globally.
• Leonardo: Leonardo has expanded its radar technology portfolio with the development of the Kronos Grand Mobile High Power radar system. This new system offers enhanced detection and tracking of aerial threats, including drones and low-observable targets. The Kronos systemÄX%$%Xs mobility and high power make it a versatile addition to modern defense arsenals, reflecting LeonardoÄX%$%Xs innovation in radar solutions.
• Lockheed Martin: Lockheed Martin has formed a strategic partnership with a leading technology firm to enhance its radar systems. This collaboration focuses on integrating artificial intelligence and machine learning into radar technology to improve real-time data processing and threat identification. The partnership aims to produce more sophisticated and responsive radar solutions, reinforcing Lockheed MartinÄX%$%Xs position in the market.
• Saab: Saab has launched the Giraffe 1X radar, a compact and lightweight system designed for rapid deployment. The Giraffe 1X offers high-performance 3D surveillance capabilities and is suitable for both the military and civilian applications. This new radar system highlights SaabÄX%$%Xs innovation in creating flexible and efficient solutions for diverse operational needs.
• Thales Group: Thales Group has announced the development of multi-mission radar systems capable of handling air, sea, and land threats. These radars are designed to provide comprehensive situational awareness and support integrated air and missile defense operations. ThalesÄX%$%X focus on multi-mission capability demonstrates its commitment to delivering versatile and robust radar solutions to meet evolving security challenges.
Features of the Global Target Designation Radar Market
Market Size Estimates: Target designation radar market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Target designation radar market size by type, application, and region in terms of value ($B).
Regional Analysis: Target designation radar market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the target designation radar market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the target designation radar market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for target designation radar market?
Answer: The global target designation radar market is expected to grow with a CAGR of 7.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the target designation radar market?
Answer: The major drivers for this market are growing demand for the advanced defense systems & technologies and rising geopolitical tensions & military expenditures.
Q3. What are the major segments for target designation radar market?
Answer: The future of the target designation radar market looks promising with opportunities in the air force, navy, and army markets.
Q4. Who are the key target designation radar market companies?
Answer: Some of the key target designation radar companies are as follows:
• Raytheon
• Northrop Grumman
• MEADS
• Rockwell Collins
• Lockheed Martin
• BAE Systems
• Thales Group
• Aerospace Nanhu Electronic Information Technology
• Glarun Technology
• Leike Defense Technology
Q5. Which target designation radar market segment will be the largest in future?
Answer: Lucintel forecasts that two-coordinate radar is expected to witness higher growth over the forecast period.
Q6. In target designation radar market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. 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 target designation radar market by type (two-coordinate radar and three-coordinate radar), application (air force, navy, and army), 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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