3D Radar Market

3D Radar Market Snapshot (2022-2032)

The global 3D radar market garnered a market value of US$ 16.57 Billion in 2022 and is expected to accumulate a market value of US$ 54.76 Billion by registering a CAGR of 12.7% in the forecast period 2022-2032. Growth of the 3D radar market can be attributed to increasing war situation across the globe. The market for 3D radar registered a CAGR of 13% in the historical period 2017-2021.

Report Attribute	Details
Anticipated Base Year Value (2021)	US$ 14.7 Billion
Expected Market Value (2022)	US$ 16.57 Billion
Projected Forecast Value (2032)	US$ 54.76 Billion
Global Growth Rate (2022-2032)	12.7% CAGR
Expected Market Share of the U.S. Market (2032)	1/3rd
Anticipated CAGR of Russia (2022-2032)	7%
Major 3D radar Service Providers	Airbus Defense and Space BAE Systems plc Harris Corporation Honeywell International Inc Leonardo S.p.A. Lockheed Martin Northrop Grumman Corporation Rockwell Collins SAAB Group Thales Group

Revenue of 3D Radar from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

As per the 3D radar industry research by Fact.MR - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the 3D Radar industry increased at around 13.0% CAGR, wherein, countries such as the U.S., China, U.K. and India held significant share in the global market.

The constant conflicts that are arising across the world is propelling the demand for the need of advanced technologies which is consequently driving the need for technological upgradations so as to shield the territories more effectively. Owing to this, 3D radar market is projected to grow at a CAGR of 12.7% over the coming 10 years.

3D radar are being commenced in defence sector across the world to control unauthorised immigrants across the borders as these may cover wide part of territories without deploying physical manpower and will work more effectively in extreme weather conditions compared to traditional usage of army personnel.

• The 3D radar market reached a valuation of US$ 14.7 Bn in 2021. Fact.MR estimates that 3D Radar revenue will grow 3.7X from 2022 to 2032, reaching nearly US$ 55 Bn in 2032.
• With 51.6%, in 2021, share Hardware was the largest revenue contributor in the market.
• India is expected to be the fastest growing market for 3D Radar, with a CAGR of 14.5%.
• In the frequency band segment, E/F- Band shows the highest growth potential in the 3D Radar industry. It is expected to grow at a CAGR of about 13% during the next ten years.

Which are Some Prominent Drivers of 3D Radar Market?

Electronic and network-centric warfare propelling growth of 3D radar

Due to the emergence of modern warfare techniques across the world, replacement of traditional combat systems has been done with advanced combat technologies such as electronic warfare and network-centric warfare. There are several hurdles associated with recent conflicts that are arising at the global level. Rising geopolitical instabilities may be resulting to ensure the safer territories, where radars are key to identifying any incoming objects from outer territories. The more common two-dimensional radar provides only horizontal angle or direction of a compass bearing, whereas 3D radar provides elevation as well.

Increased air traffic may sometimes lead to collisions, with respect to drastic weather conditions. It may be avoided by deploying the 3D radar across the territories as the flying objects may be monitored continuously and will be guided without letting any disasters. Increasing adoption of 3D radar by airports across the world is expected to boost the market revenue.

Deployment of 3D Radar in Air Defence Propagating the Market

For Air Defence and interference, the data given by 3D Radar are expected as the interceptors should be advised the elevation to move to prior to making a block attempt. This has been accomplished with isolated search radars and separate stature tracking down radars before the coming of single unit 3D Radar. 3D Radar can do both which makes them the preferred choice.

What are the Challenges Faced by the 3D Radar Market?

High cost derailing progress of 3D radar market

Although the benefits of 3D radar are positively influencing the growth of the market, the high cost installation associated with the same is derailing the progress of the market. In addition, most workforce is not skilled enough to handle and maintain 3D radar systems. Thus, the adoption of the same in certain countries is slow. 

Which Region is Projected to Offer the Largest Opportunity for 3D Radar?

3D radar market in Asia Pacific is expected to register the highest CAGR during the forecast period owing to the growing aerospace industry. Countries such as China and India are expected to be the key contributors towards this market growth across the region. Another key factor assisting the growth of regional market is the conflicts and emergence of nuclear possessing states across the region which has necessitated the deployment of 3D Radar.

Lately Selentium Defence has won a contract from the Australian naval force. The naval force has drawn in Selentium Defence during the time spent plan, establishment and assessment of its Maverick inactive radars across a scope of oceanic applications. As these radars do not send signals, the armada can keep up with basic attention to objects in their encompassed climate without getting seen about their position.

Country/Region-wise Analysis

Increasing Usage of 3D Radar in Merchant and Military Generating Revenue for 3D Radar in U.S.?

Investment in fighting innovations and weather patterns boosting demand for 3D radar in U.S.

The U.S. is expected to capture nearly 25% of the global 3D radar revenues in 2022. This is due to their constant investment in fighting innovations and weather pattern observation, as the country is preparing itself to combat the ill effects of unforeseen cataclysmic events.

There are likewise a few organizations and merchants in the U.S. that are laying out joint efforts with the military to win new requests for 3D Radar. For example, Liteye Systems, a wholesaler of 3D radar reported in November 2021, that it will offer Spyglass 3D radar to the U.S. armed force. The wholesaler has also begun to acknowledge orders from different clients.

War Situations Increasing Dependency on 3D Radar in Russia?

Illegal refugee immigrants bolstering demand for 3D radar in the region

Europe continues being a strategic market for 3D radar manufacturers, owing to the execution of conveying mechanically progressed reconnaissance frameworks started by the governments. The affirmation given by a few European legislatures to execute creative radar frameworks in vehicles has been helping towards the better confinement of neighbouring countries.

Besides, Europe is experiencing illegal refugee migrants in larger numbers due to the conflicts and war situations in the region. For example, Syrian war resulted in lakhs of illegal migrants across the region which later resulted in security threats. To overcome this, key countries across the region started to upgrade their technologies in monitoring and controlling of such instances so as to ensure safer territories.

Of late, a news from Russia expressing another prototype radar in view of radio photonics technology, has evolved. The wellsprings of has affirmed something very similar. A three layered picture will be made utilizing this new innovation radar permitting you to decide its sort. As per the sources, the tactical wing of Russian Ministry of Defence, has been participating in testing new radar-led innovations which promises towards the 3D radar demand surge in the country.

Country-wise Forecast CAGRs for the 3D Radar Industry

U.S.	8%
Russia	7%

Category-wise Insights

Use of 3D radar in Hardware Creating Lucrative Opportunities for Market?

Innovation of electronic devices spurring growth of hardware segment

With more than 51.6% share, hardware category is expected to hold the largest share of sales in 2022. The market through this segment is expected to grow at a CAGR of 12.7% in the next ten years. Increasing use of 3D Radar for defence application is making a significant impact on the demand of 3D Radar, which is expected to be continued in the coming years as well. As most of the hardware of 3D Radar are electronic devices they may need regular maintenance and replacement of spares.

For instance, in naval based 3D radar, the parts may get in contact with water which may result in its damage or in reducing its life span. In such cases, maintenance may be performed more frequently. Considering the stated factors, hardware segment is expected to be the largest revenue generator.

Increasing use of E/F- Bands Driving Market Growth of 3D Radar Market?

E/F- Band capability to identify military spectrum contributing to market growth

E/F- Band shows the highest potential for the growth in the 3D Radar industry. Revenue through this segment is expected to grow at a CAGR of 17.1% during the next ten years. It assists in identifying the military radio spectrum for crisis management, training, electronic warfare activities, planning, and in military operations.

Market Competition

The key players such as Airbus Defense and Space; BAE Systems plc; Harris Corporation; Honeywell International Inc, Leonardo S.p.A. adopt several organic and inorganic strategies to enhance their revenue and market standings.

Some of the recent developments of key 3D Radar providers are as follows:

• In January 2022, Leonardo won a US $296 Mn deal in Eurofighter radar from Germany's Hensoldt.
• In October 2020, BAE Systems announced that Specialists from the Team Tempest, Leonardo UK, are growing new radar innovation capable of providing 10,000 times a larger number of information than existing frameworks.

Key Segments Profiled in the 3D Radar Industry Survey

• 3D Radar by Component

  • 3D Radar Hardware
  • 3D Radar Software
  • 3D Radar Services
    • Consulting
    • Installation and Integration
    • Maintenance

• 3D Radar by Frequency Band

  • HF-UND VHF-RADAR
  • C-Band (UHF-Radar)
  • D-Band (L-Band Radar)
  • E/F-Band (S-Band Radar)
  • Other Frequency Bands

• 3D Radar by Industry

  • 3D Radar for Automotive and Public Infrastructure
  • 3D Radar for Energy and Utilities
  • 3D Radar for Government
  • 3D Radar for Other Industries

• 3D Radar by Platform

  • Airborne
  • Ground
  • Naval

• 3D Radar by Region

  • North America 3D Radar Market
  • South America 3D Radar Market
  • Europe 3D Radar Market
  • Asia Pacific 3D Radar Market
  • Middle East & Africa 3D Radar Market