Marine Radar Market: Information by Type (S Band and X Band), by Application (Fishing Vessel, Merchant Marine, Military Naval and Recreational Boat), and by Region — Global Forecast till 2023
ID: MRFR/A&D/5888-HCR | February 2021 | Region: Global | 125 pages
Market Scenario
Marine radar are detection devices that are used to detect obstacles and ships. They provide bearing and distance for navigation and collision avoidance at sea. Additionally, these systems offer enhanced accuracy as they detect stationary and moving objects even in dense climatic conditions.
Factors such as growing demand for weapon guidance application and surveillance are driving the global marine radar market. Additionally, factors such as increasing military expenditure by developed economies is also bolstering the market growth. However, fluctuations in raw material prices is expected to hamper the market growth. Stringent government regulations pertaining radar manufacturing will also influence the global marine radar market. For instance, The Government of Canada provides guidelines for the range performance, minimum range, and display for marine radars. All players operating in the marine radar market must comply to the regulations of various countries in which they have their presence.
The global marine radar market is estimated to register a CAGR of nearly 2.9% during the forecast period of 2018 to 2023.
Segmentation of the Global Marine Radar Market
Based on type, the X band segment accounted for the largest market share as they can be utilized on smaller antennas and offer enhanced target resolution. Based application, merchant marine accounted for the largest market share owing to factors such as increasing international trade.
North America is estimated to account for the largest share during the review period. Presence of prominent players such as Lockheed Martin Corporation, and Northrop Grumman Corporation among others is driving the market growth. However, Asia Pacific is expected to grow at the fastest CAGR over the forecast period owing to factors such as increasing defense expenditure by developing economies such as China and India. Additionally, technological advancements and growing demand for advanced detection systems are driving the market growth over the forecast period.
Intended Audience
- Marine Radar Manufactures
- Naval Ship Manufactures
- Recreational Boat Manufacturers
- Component Providers
- Defense Organizations
- Research Institutes
- Regulatory Bodies
Key Players
The key players in the global marine radar market are Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), FURUNO ELECTRIC CO.LTD. (Japan), Raytheon Company (US), Saab AB (Sweden), BAE Systems (UK), Garmin Ltd (US), FLIR Systems, Inc. (US), Kongsberg Group (Sweden) and Alphatron Marine B.V. (The Netherlands).
Research Methodology
The market numbers and forecast derived were the outcome of our disciplined research methodology which includes secondary research, primary interviews, followed by data triangulation and validation from our in-house data repository and statistical modeling tools.
Secondary Research
In this process, the data collection was done through various secondary sources, which included annual reports, SEC filings, journals, government association, Aerospace & Defense magazines, white papers, corporate presentations, company websites, some paid databases and many others.
Primary Research
In this process, both demand side and supply side parties were involved to extract genuine facts and insights about market forecast, production, trend, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain have been approached to obtain key information.
Report Key Insights
- Market Sizing, Forecast and Analysis: Detailed coverage on market segment and its sub segments
- Regional / Country Trend and Forecast: Detailed analysis on North America, Asia Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each of the regions
- Market dynamics intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain & value chain analysis
- Technology Trend, Regulatory Landscape, and Patent Analysis Outlook
- Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, strategic developments including JVs, Product Launch, and M&A
- Regional attractiveness and related growth opportunities
Report Customization
MRFR offers report customization to our valued customers. Below are the options available for customization:
- Company Profiles
In-depth profiling of additional market players (3 to 4 companies)
- Country Level Analysis
Detailed analysis of a country and its related segment as per the report scope (subject to data availability)
Frequently Asked Questions (FAQ) :
The market can acquire a CAGR of close to 2.9% from 2018 to 2023.
Some of the key growth inducers in the global market are the soaring demand for weapon guidance applications as well as surveillance. The rising military spending in emerging countries are also fostering significant market growth.
Depending on type, the X band segment can secure the top position in the global market.
APAC is presumed advance at the fastest rate in the forthcoming period.
The key market trends studied in the report are the rising technological advancements coupled with the escalating demand for advanced detection systems.
Table of Contents
1. Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Takeaways
2.5. Key Buying Criteria
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
3.7. Limitations
4. Market Landscape
4.1. Porter’s Five Forces Analysis
4.1.1. Threat of New Entrants
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of Substitutes
4.1.4. Segment Rivalry
4.1.5. Bargaining Power of Supplies
4.2. Value Chain/Supply Chain Analysis
5. Market Dynamics
5.1. Introduction
5.2. Market Drivers
5.3. Market Restraints
5.4. Market Opportunities
6. Industry Dynamics
6.1. Technology Trend
6.2. Regulatory Landscape
6.3. Patent Analysis Outlook
7. Global Marine Radar Market, by Type
7.1. Introduction
7.2. X Band
7.2.1. Market Estimates & Forecast, 2018–2023
7.2.2. Market Estimates & Forecast, by Region, 2018–2023
7.3. S Band
7.3.1. Market Estimates & Forecast, 2018–2023
7.3.2. Market Estimates & Forecast, by Region, 2018–2023
8. Global Marine Radar Market, by Application
8.1. Introduction
8.2. Fishing Vessel
8.2.1. Market Estimates & Forecast, 2018–2023
8.2.2. Market Estimates & Forecast, by Region, 2018–2023
8.3. Merchant Marine
8.3.1. Market Estimates & Forecast, 2018–2023
8.3.2. Market Estimates & Forecast, by Region, 2018–2023
8.4. Military Naval
8.4.1. Market Estimates & Forecast, 2018–2023
8.4.2. Market Estimates & Forecast, by Region, 2018–2023
8.5. Recreational Boat
8.5.1. Market Estimates & Forecast, 2018–2023
8.5.2. Market Estimates & Forecast, by Region, 2018–2023
9. Global Marine Radar Market, by Region
9.1. Introduction
9.2. North America
9.2.1. Market Estimates & Forecast, by Country, 2018–2023
9.2.2. Market Estimates & Forecast, by Type, 2018–2023
9.2.3. Market Estimates & Forecast, by Application, 2018–2023
9.2.4. US
9.2.4.1. Market Estimates & Forecast, by Type, 2018–2023
9.2.4.2. Market Estimates & Forecast, by Application, 2018–2023
9.2.5. Canada
9.2.5.1. Market Estimates & Forecast, by Type, 2018–2023
9.2.5.2. Market Estimates & Forecast, by Application, 2018–2023
9.3. Europe
9.3.1. Market Estimates & Forecast, by Country, 2018–2023
9.3.2. Market Estimates & Forecast, by Type, 2018–2023
9.3.3. Market Estimates & Forecast, by Application, 2018–2023
9.3.4. UK
9.3.4.1. Market Estimates & Forecast, by Type, 2018–2023
9.3.4.2. Market Estimates & Forecast, by Application, 2018–2023
9.3.5. Germany
9.3.5.1. Market Estimates & Forecast, by Type, 2018–2023
9.3.5.2. Market Estimates & Forecast, by Application, 2018–2023
9.3.6. France
9.3.6.1. Market Estimates & Forecast, by Type, 2018–2023
9.3.6.2. Market Estimates & Forecast, by Application, 2018–2023
9.3.7. Russia
9.3.7.1. Market Estimates & Forecast, by Type, 2018–2023
9.3.7.2. Market Estimates & Forecast, by Application, 2018–2023
9.3.8. Rest of Europe
9.3.8.1. Market Estimates & Forecast, by Type, 2018–2023
9.3.8.2. Market Estimates & Forecast, by Application, 2018–2023
9.4. Asia-Pacific
9.4.1. Market Estimates & Forecast, by Country, 2018–2023
9.4.2. Market Estimates & Forecast, by Type, 2018–2023
9.4.3. Market Estimates & Forecast, by Application, 2018–2023
9.4.4. China
9.4.4.1. Market Estimates & Forecast, by Type, 2018–2023
9.4.4.2. Market Estimates & Forecast, by Application, 2018–2023
9.4.5. Japan
9.4.5.1. Market Estimates & Forecast, by Type, 2018–2023
9.4.5.2. Market Estimates & Forecast, by Application, 2018–2023
9.4.6. India
9.4.6.1. Market Estimates & Forecast, by Type, 2018–2023
9.4.6.2. Market Estimates & Forecast, by Application, 2018–2023
9.4.7. Australia
9.4.7.1. Market Estimates & Forecast, by Type, 2018–2023
9.4.7.2. Market Estimates & Forecast, by Application, 2018–2023
9.4.8. Rest of Asia-Pacific
9.4.8.1. Market Estimates & Forecast, by Type, 2018–2023
9.4.8.2. Market Estimates & Forecast, by Application, 2018–2023
9.5. Middle East & Africa
9.5.1. Market Estimates & Forecast, by Region, 2018–2023
9.5.2. Market Estimates & Forecast, by Type, 2018–2023
9.5.3. Market Estimates & Forecast, by Application, 2018–2023
9.5.4. UAE
9.5.4.1. Market Estimates & Forecast, by Type, 2018–2023
9.5.4.2. Market Estimates & Forecast, by Application, 2018–2023
9.5.5. Israel
9.5.5.1. Market Estimates & Forecast, by Type, 2018–2023
9.5.5.2. Market Estimates & Forecast, by Application, 2018–2023
9.5.6. South Africa
9.5.6.1. Market Estimates & Forecast, by Type, 2018–2023
9.5.6.2. Market Estimates & Forecast, by Application, 2018–2023
9.5.7. Rest of Middle East & Africa
9.5.7.1. Market Estimates & Forecast, by Type, 2018–2023
9.5.7.2. Market Estimates & Forecast, by Application, 2018–2023
9.6. Latin America
9.6.1. Market Estimates & Forecast, by Region, 2018–2023
9.6.2. Market Estimates & Forecast, by Type, 2018–2023
9.6.3. Market Estimates & Forecast, by Application, 2018–2023
9.6.4. Brazil
9.6.4.1. Market Estimates & Forecast, by Type, 2018–2023
9.6.4.2. Market Estimates & Forecast, by Application, 2018–2023
9.6.5. Rest of Latin America
9.6.5.1. Market Estimates & Forecast, by Type, 2018–2023
9.6.5.2. Market Estimates & Forecast, by Application, 2018–2023
9.6.5.3.
10. Competitive Landscape
10.1. Competitive Scenario
10.2. Competitive Overview
10.3. Competitive Benchmarking
10.4. Market Share Analysis
11. Company Profiles
11.1. Alphatron Marine B.V.
11.1.1. Company Overview
11.1.2. Product Offering
11.1.3. Financial Overview
11.1.4. Key Developments
11.1.5. Swot Analysis
11.1.6. Strategy
11.2. BAE Systems
11.2.1. Company Overview
11.2.2. Product Offering
11.2.3. Financial Overview
11.2.4. Key Developments
11.2.5. Swot Analysis
11.2.6. Strategy
11.3. FURUNO ELECTRIC CO.LTD
11.3.1. Company Overview
11.3.2. Product Offering
11.3.3. Financial Overview
11.3.4. Key Developments
11.3.5. Swot Analysis
11.3.6. Strategy
11.4. FLIR Systems, Inc.
11.4.1. Company Overview
11.4.2. Product Offering
11.4.3. Financial Overview
11.4.4. Key Developments
11.4.5. Swot Analysis
11.4.6. Strategy
11.5. Garmin Ltd.
11.5.1. Company Overview
11.5.2. Product Offering
11.5.3. Financial Overview
11.5.4. Key Developments
11.5.5. Swot Analysis
11.5.6. Strategy
11.6. Kongsberg Group
11.6.1. Company Overview
11.6.2. Product Offering
11.6.3. Financial Overview
11.6.4. Key Developments
11.6.5. Swot Analysis
11.6.6. Strategy
11.7. Lockheed Martin Corporation
11.7.1. Company Overview
11.7.2. Product Offering
11.7.3. Financial Overview
11.7.4. Key Developments
11.7.5. Swot Analysis
11.7.6. Strategy
11.8. Northrop Grumman Corporation
11.8.1. Company Overview
11.8.2. Product Offering
11.8.3. Financial Overview
11.8.4. Key Developments
11.8.5. Swot Analysis
11.8.6. Strategy
11.9. Raytheon Company
11.9.1. Company Overview
11.9.2. Product Offering
11.9.3. Financial Overview
11.9.4. Key Developments
11.9.5. Swot Analysis
11.9.6. Strategy
11.10. Saab AB
11.10.1. Company Overview
11.10.2. Product Offering
11.10.3. Financial Overview
11.10.4. Key Developments
11.10.5. Swot Analysis
11.10.6. Strategy
List of Tables
Table 1 Global Marine Radar Market, by Region, 2018–2023
Table 2 North America: Marine Radar Market, by Country, 2018–2023
Table 3 Europe: Marine Radar Market, by Country, 2018–2023
Table 4 Asia-Pacific: Marine Radar Market, by Country, 2018–2023
Table 5 Rest of the World: Marine Radar Market, by Region, 2018–2023
Table 6 Global Marine Radar Market, by Region, 2018–2023
Table 7 North America: Marine Radar, Type Market, by Country, 2018–2023
Table 8 Europe: Marine Radar Market, by Country, 2018–2023
Table 9 Asia-Pacific: Marine Radar Market, by Country, 2018–2023
Table 10 Latin America: Marine Radar Market, by Region, 2018–2023
Table 11 Middle East and Africa: Marine Radar Market, by Region, 2018–2023
Table 12 Global Marine Radar Application Market, by Region, 2018–2023
Table 13 North America: Marine Radar Application Market, by Country, 2018–2023
Table 14 Europe: Marine Radar Application Market, by Country, 2018–2023
Table 15 Asia-Pacific: Marine Radar Application Market, by Country, 2018–2023
Table 16 Latin America: Marine Radar Application Market, by Region, 2018–2023
Table 17 Middle East and Africa: Marine Radar Application Market, by Region, 2018–2023
Table 18 Global Marine Radar Market, by Region, 2018–2023
Table 19 Global Marine Radar Market, by Type, 2018–2023
Table 20 Global Marine Radar Market, by Application, 2018–2023
Table 21 North America: Marine Radar Market, by Country, 2018–2023
Table 22 North America: Marine Radar Market, by Type, 2018–2023
Table 23 North America: Marine Radar Market, by Application, 2018–2023
Table 24 Europe: Marine Radar Market, by Country, 2018–2023
Table 25 Europe: Marine Radar Market, by Type, 2018–2023
Table 26 Europe: Marine Radar Market, by Application, 2018–2023
Table 27 Asia-Pacific: Marine Radar Market, by Country, 2018–2023
Table 28 Asia-Pacific: Marine Radar Market, by Type, 2018–2023
Table 29 Asia-Pacific: Marine Radar Market, by Application, 2018–2023
Table 30 Latin America: Marine Radar Market, by Region, 2018–2023
Table 31 Latin America: Marine Radar Market, by Type, 2018–2023
Table 32 Latin America: Marine Radar Market, by Application, 2018–2023
Table 33 Middle East and Africa: Marine Radar Market, by Region, 2018–2023
Table 34 Middle East and Africa: Marine Radar Market, by Type, 2018–2023
Table 35 Middle East and Africa: Marine Radar Market, by Application, 2018–2023
List Of Figures
FIGURE 1 Research Process of MRFR
FIGURE 2 Top-Down & Bottom-Up Approaches
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter's Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Marine Radar Market, Share, by Type, 2017 (%)
FIGURE 9 Global Marine Radar Market, by Type, 2018–2023 (USD Million)
FIGURE 10 Global Marine Radar Market, Share, by Application, 2017 (%)
FIGURE 11 Global Marine Radar Market, by Application, 2018–2023 (USD Million)
FIGURE 12 Global Marine Radar Market, Share (%), By Region, 2017
FIGURE 13 Global Marine Radar Market, by Region, 2018–2023 (USD Million)
FIGURE 14 North America: Marine Radar Market, Share (%), 2017
FIGURE 15 North America: Marine Radar Market, by Country, 2018–2023 (USD Million)
FIGURE 16 Europe: Marine Radar Market, Share (%), 2017
FIGURE 17 Europe: Marine Radar Market, by Country, 2018–2023 (USD Million)
FIGURE 18 Asia-Pacific: Marine Radar Market, Share (%), 2017
FIGURE 19 Asia-Pacific: Marine Radar Market, by Country, 2018–2023 (USD Million)
FIGURE 20 Latin America: Marine Radar Market, Share (%), 2017
FIGURE 21 Latin America: Marine Radar Market, by Region, 2018–2023 (USD Million)
FIGURE 22 Middle East and Africa: Marine Radar Market, Share (%), 2017
FIGURE 23 Middle East and Africa: Marine Radar Market, by Region, 2018–2023 (USD Million)
