3D Radar Market Size is expected to reach USD 702.7 Million by 2030, registering a CAGR of 20.35% during 2020-2030.
3D Radar Market Scenario
3D Radar Market Size is expected to reach USD 702.7 Million by 2030, registering a CAGR of 20.35% during 2020-2030. 3D radar is used for weather monitoring, surveillance, and security purposes, mainly in the defense sector. 3D radar offers three-dimensional views in terms of range, bearing, and elevation. A 3D radar is used to measure all three space coordinators in the radar system. For weather monitoring, a narrow pencil beam is used. The elevation of the antenna changes after scanning each rotation. 3D radars can be used for various applications and can be customized according to the end-use requirements, owing to their wide range of antenna arrays. 3D radars also assist in the detection and classification of the target based on their size and speed. Hence, such benefits offered by 3D radars are expected to drive the growth of the 3D Radar Market.
3D Radar Market is expected to register significant growth during the forecast period owing to factors such as increasing demand for modern warfare techniques and the growth in deployment of air & missile defense systems. Additionally, the growing adoption of 3D radars at airports to offer enhanced surveillance to pilots is also expected to drive the growth of the market. Furthermore, the growing adoption of 3D radars by the armed forces to offer enhanced target acquisition capabilities to soldiers is also expected to drive the growth of the market.
However, issues related to the vulnerability of fully automated 3D radar and the high cost of development might hamper the growth of the global market.
Miniaturization of 3D radars and the growing adoption of advanced materials to manufacture lightweight 3D radars are expected to drive the growth of the 3D radar market.
3D Radar Market Drivers
By Frequency Band
3D Radar Market Key Players
Other Prominent Players
|Market Size||Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Platform, Frequency Band and Range|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Indra Sistemas, S.A. (Spain), Northrop Grumman Corporation (US), Thales Group (France), BAE Systems (UK), Airbus SAS (The Netherlands), Honeywell International Inc. (US), Saab AB (Sweden), L3Harris Technologies, Inc. (US), Leonardo S.p.A (Italy), Aselsan A.S. (Turkey), Rheinmetall AG (Germany) and ELTA Systems Ltd (Israel)|
|Key Market Opportunities||Miniaturization of 3D radars and the growing adoption of advanced materials to manufacture lightweight 3D radars are expected to drive the growth of the 3D radar market|
|Key Market Drivers||· Increasing adoption of 3D radars by airports · Rising geopolitical instabilities · Growing use of modern warfare techniques|
Global 3D Radar Market is touted to secure a growth rate of 19.12% in the coming years.
The growth boosters in the market are the amplified demand for advanced warfare techniques and surge in the use of air & missile defense systems. The high deployment rate of 3D radars at airports for better surveillance provision for the pilots could also boost the market growth.
A major market trend in the coming years can be miniaturization of 3D radars combined with the surging use of advanced materials to manufacture lightweight 3D radars.
The ground segment has remained in the lead in the Global 3D Radar Market since 2019.
APAC can procure the fastest growth rate during the review period.