3D Radar Market – Snapshot

3D Radar provides radar coverage in three dimensions. 3D Radars can be used for multiple applications based on characteristics such as antenna’s height and target detection range. Deployment of 3D Radar in the industry sector is growing significantly because 3D Radars provide more accurate and precise data. Increasing government investments in military and defense in order to enhance detection capabilities, and surveillance resolution and duration is expected to drive the market growth during the forecast period. Furthermore, companies are emphasizing on the manufacturing of lightweight and innovative radars. Governments and automotive companies will continue to invest huge amounts in the advancement of 3D Radar. The 3D Radar market is estimated to reach value of US$ 27,919.8 Mn by 2026, recording a CAGR of 13.5%.

Several developed economies are progressively increasing their defense budgets for national safety and security. In addition, emerging countries are replacing legacy radar systems with 3D Radar systems in order to provide better border surveillance. Thus, growing economic and security concerns among different countries is anticipated to contribute significantly to market growth. Furthermore, increasing demand for lightweight radars which can be easily integrated in almost any type of mobile platform, fixed structure, or C² systems is contributing to the growth of the market.

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However, high implementation cost of certain radars (as some radars have shorter lifecycle) is expected to hamper the market growth during the forecast period.

Furthermore, companies are finding integration of artificial intelligence into radar systems a huge opportunity to develop advanced products. Companies are investing massive amounts to meet the growing needs of commercial enterprises and governments to deploy technologically advance radars.

The 3D Radar market is segmented on the basis of component, frequency band, industry, and platform. Based on component, the market is segmented into software, hardware, and services. Services component can be further segmented into consulting, installation & integration, and maintenance. Based on frequency band, the market is segmented into HF- and VHF- Radar, C- Band (UHF- Radar), D- Band (L-Band Radar), E/F-Band (S-Band Radar), and others. Based on platform, the market can be segmented into airborne, ground, and naval. On the basis of industry vertical, the market is segmented into automotive and public infrastructure, energy & utilities, government and others (agriculture, hospitals etc). From a geographical perspective, North America is expected to hold major share in the 3D Radar market. Growth in this region is attributed to strong adoption and penetration of 3D Radar in the military segment, as well as presence of large number of manufacturers in the region. Asia Pacific is expected to witness lucrative growth due to the rising adoption of technologically advanced 3D Radar systems.

3D Radar is prominently expanding with crucial technological advancements in different industry sectors; therefore existing players are focusing on maintaining their market presence by investing huge amounts in research and development. The market is extremely saturated and consists of many local and regional players. Companies present in the market are focusing on consolidating their foothold in the 3D Radar market by strategic partnerships, product innovation, and investments in research & development. For instance, in January 2017, under a US$ 122.04 Mn contract, BAE Systems developed, manufactured, and provided support for 19 of the radars of the Royal Navy until 2022. All 19 Artisan 3D systems were delivered to the Ministry of Defence (MoD) by the middle of 2017.

Some of the active players profiled in the 3D Radar market report include 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, and Thales Group.

3D Radar Market: Overview

The 3D Radar market report provides analysis for the period 2016 – 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major trends and technologies expected to play an influential role in the market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the said period. The study provides a complete perspective on the global 3D Radar market’s evolution throughout the above mentioned period in terms of revenue (US$ Mn).

The market overview section of the report demonstrates the market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future statusof this market, key indicators, integration challenges, end-user adoption analysis, and trends of the market. Further, key market indicators included in the report highlight the factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period and provide an overview about the global 3D Radar market. Market attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the 3D Radar market. The report also provides an overview of various strategies adopted by key players present in the market.

Global 3D Radar Market: Scope of the Report

The report segments the market on the basis of component, frequency band, industry, and platform. Based on component, the market is segmented into hardware, software, and services. Services component can be further segmented into consulting, installation & integration, and maintenance. Based on frequency band, the market is segmented into HF- and VHF- Radar, C- Band (UHF- Radar), D- Band (L-Band Radar), E/F-Band (S-Band Radar), and others. Based on platform, the market can be segmented into airborne, ground, and naval. On the basis of industry vertical, the market is segmented into automotive and public infrastructure, energy & utilities, government, and others (agriculture, hospitals etc). The report provides in-depth segment analysis of the global 3D Radarmarket, thereby providing valuable insights at the macro as well as micro levels.

The report also highlights the competitive landscape of the global 3D Radar market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them. The comprehensive 3D Radar market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, and technological factors along with the current market dynamics affecting the growth of the 3D Radarmarket.

This report provides all the essential information required to understand the key developments in the 3D Radar market, and growth trends of each segment and region. It also includesstrategies, financial information, and recent developmentsunder the company profile section. Also, the report provides insights related to trends and their impact on the market. Porter’s Five Forces analysis explains the five forces namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the market. This report also provides a comprehensive ecosystem analysis for the 3D Radar market. It provides in-depth analysis of political, economic, social, technology, legal, and environmental factors (PESTLE)concerning the 3D Radar market.It explains the various participants including 3D Radar manufacturers and distributors operating in the market.

Global 3D Radar Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, SIPRI data and industry white papers are usuallyreferred.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the 3D Radar market,across geographies. Primary interviews are usually conducted on an ongoing basis with industry expertsand participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offerfirsthand information on important factors such as market trends, market size, competitive landscape,growth trends, and outlook, etc. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.

Global 3D RadarMarket: Competitive Dynamics

The research study includes profiles of leading companies operating in the global 3D Radar market. Some of the key players profiled include 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, and Thales Group.

The global 3D Radar market is segmented as below:

Global 3D Radar Market, by Component

  • Hardware
  • Software
  • Services
    • Consulting
    • Installation & Integration
    • Maintenance

Global 3D Radar Market, by Frequency Band

  • HF- and VHF- Radar
  • C- Band (UHF- Radar)
  • D- Band (L-Band Radar)
  • E/F-Band (S-Band Radar)

Global 3D Radar Market, by Industry

  • Automotive and Public Infrastructure
  • Energy & Utilities
  • Government
  • Others

Global 3D Radar Market, by Platform

  • Airborne
  • Ground
  • Naval

Global 3D Radar Market, by Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • The U.K.
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America
.