Global Solid State Radar Market Size, Share & Industry Trends Analysis Report By Waveform, By End User, By Dimension, By Industry, By Frequency Band, By Regional Outlook, Strategy, Challenges and Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Solid State Radar Market
Market Report Description
The Global Solid state Radar Market size is expected to reach $2.2 billion by 2027, rising at a market growth of 4.0% CAGR during the forecast period.
Solid-State Radar is a cutting-edge technique that integrates advanced electronics with crucial components to build sophisticated devices that can identify threats instantly. In addition, Solid-state radar is a valuable tool for meteorologists since it can detect precipitation in a wide range of meteorological situations. To accomplish this, the device employs a method known as frequency modulation.
In the initial phase, Radar was developed for military and defense objectives. Modern radar systems, on the other hand, are principally used for air traffic control, radar astronomy, weather formation, and meteorological monitoring, due to the emerging technology and innovation. Additionally, they are also used in air defense systems, anti-missile systems, and anti-collision systems for airplanes.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a tremendous impact on the electronics and semiconductor industries. Due to an increase in the number of COVID-19 cases, business and manufacturing facilities in several countries have been closed, and they are projected to remain closed in 2021. Furthermore, the partial or total lockdown has affected the worldwide supply chain, making it difficult for manufacturers to reach their customers.
The COVID-19 pandemic is wreaking havoc on society and the global economy. The impact of this pandemic is increasing day by day, and it is disrupting worldwide business. The crisis is causing stock market uncertainty, which is leading to a drop in corporate confidence, a major slowdown in supply chains, and an increase in panic among the consumers.
Market Growth Factors:
Constant developments in the Solid-State Radar Technology
The Solid-State radar industry makes substantial use of cutting-edge technologies such as software-defined radars and digital components. Digital Signal Processors (DSP), fast Commercial Off-the-Shelf (COTS) microprocessors, Ultrafast Analog-to-Digital (A-D) and Digital-to-Analog (D-A) converters, and high-speed digital networking have enabled new generation radars to provide high output to power ratios while maintaining a small form factor. The development of active electronically-scanned arrays has paved the way for the development of 3D radars. A new generation of Advanced Electronically Scanned Array (AESA) radars has emerged as a result of the development of Solid-State electronics such as Gallium Nitride (GaN) and Gallium Arsenide.
High deployment of unmanned aerial vehicles (UAVs)
UAVs (Unmanned Aerial Vehicles) are mostly utilised in the military. They can also be utilised as remote sensing equipment in the civilian sector. Many countries around the world are developing and deploying unmanned aerial vehicles (UAVs) for intelligence collection, surveillance, and reconnaissance tasks. UAVs of the next generation are being employed for a variety of combat operations, including ground attacks against hostile targets. For airborne mapping, these UAVs use a variety of synthetic aperture radars. There has been a rise in deployment of lightweight combat UAVs which are integrated with solid-state radars.
Marketing Restraining Factor:
Vulnerable to new jamming methods
The deliberate production of radio frequency signals that interfere with the operation of a radar is known as radar jamming. Jamming can be accomplished using two major techniques: noise and repeater. Depending on their range, size, and nature, solid-state radars are vulnerable to a jamming approach. Interfering signals are used in new electronic radar jamming techniques to block the receiver with highly concentrated energy signals, effectively blocking the signal from reaching the airborne radar and preventing it from functioning properly.
Based on Waveform, the market is segmented into Frequency Modulated Continuous Wave Radar and Doppler radar. Doppler Radar acquired the significant revenue share of the Solid State Radar Market in 2020. The growth of the segment is due to the use of doppler radar in speed cameras, radar cannons, combat, and weather forecasting. In addition, it can also be used to measure the speed of rain clouds, the rotation of rain clouds, and the severity of rainfall in weather forecasting. Moreover, the pulse-doppler technique is used by most current weather radars to investigate precipitation motion.
End User Outlook
Based on End User, The market is segmented into Military & Defense, Weather Monitoring, Aviation, Automotive, and Others. Weather monitoring segment was the second-largest revenue contributor to the solid-state radar market in 2020. Moreover, the segment would display the similar trend even during the forecasting period. This is because of the high utilization of these radars in understanding the climatic conditions of the atmosphere. In addition, applications of these radars in climatological and meteorological applications have increased the demand for such radars. Further, these radars are used to improve the weather forecasting and better manage the extreme conditions like floods, heat-waves, and droughts.
Based on Dimension, the market is segmented into 3D, 2D and 4D. The 3D segment acquired the largest revenue share of the Solid State Radar Market in 2020. Moreover, in 2020, the 2D segment procured the substantial revenue share of this market.
Based on Industry, the market is segmented into Non-Commercial and Commercial. In 2020, the non-commercial segment garnered the largest revenue share of the Solid State Radar Market whereas the commercial segment acquired the significant revenue share of the market.
Frequency Band Outlook
Based on Frequency Band, the market is segmented into X-Band, S-Band, L-Band and Others. The S-band solid-state radar would display the fastest growth rate during the forecasting period. Solid-state radars in the S-band produce highly precise outputs and are stable at high power. Clear images, less maintenance, and low operating expenses are among the other benefits of these radars. S-Band solid-state radars would gain more popularity due to rising aviation traffic and increased investments in airport infrastructure development in various nations across the world.
|Market size value in 2020||USD 1.7 Billion|
|Market size forecast in 2027||USD 2.2 Billion|
|Historical Period||2017 to 2019|
|Forecast Period||2021 to 2027|
|Revenue Growth Rate||CAGR of 4% from 2021 to 2027|
|Number of Pages||293|
|Number of Tables||540|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Waveform, Dimension, Industry, Frequency Band, End User, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia-Pacific would showcase the fastest growth rate in the market during the forecast period. This is attributed to the significant investments in the Military & Defense sector by the regional countries.
Free Valuable Insights: Global Solid State Radar Market size to reach USD 2.2 Billion by 2027
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Furuno Electric Co., Ltd., L3Harris Technologies, Inc., Raytheon Technologies Corporation, Saab AB, Honeywell International, Inc., Northrop Grumman Corporation, Thales Group S.A., BAE Systems PLC, Lockheed Martin Corporation, and Leonardo SpA.
Recent Strategies Deployed in Solid State Radar Market
- Sep-2021: Thales formed a collaboration with Ritek, a Norwegian mechanical engineering firm. The collaboration would promote the growth of an important SME in the Norwegian defense value chain while also increasing Norway's position in radars.
- Feb-2021: Furuno introduced FAR-2xx8-NXT Radar and FAR-3xx0-NXT Chart Radar the first IMO-compliant X band and S-band radar package. The new radar package is a comprehensive Magnetron-free Radar/Chart Radar Solution in both X-band and S-band configuration. In addition, Furuno NXT Solid-State Radars produce microwave pulses using electronic components, requiring far less power than magnetron radars. Moreover, the technology does not deteriorate and does not need any special maintenance, thus lowering running expenses dramatically. Finally, there is no pre-heating, resulting in a substantially faster startup time than with a magnetron.
- Dec-2019: Furuno unveiled solid-state radar technology for their X-band line. The new X-band models would be integrated into FAR-2xx8/3xx0 NXT Series, replacing the magnetron available in prior systems to cut down power consumption and the number of equipment parts that need to be maintained.
- Jun-2019: Honeywell signed an agreement with an Urban Air Mobility Manufacturer. Following the agreement, Honeywell would provide Supply New Radar System to the UAM manufacturer. Moreover, Honeywell would also provide numerous units of its new IntuVueTM RDR-84K Band Radar System to the firm's urban air mobility (UAM) prototype aircraft. The software-based radar is an important step toward automating the takeoff and landing of UAM aircraft since it detects many impediments in and around its flight path.
Scope of the Study
Market Segments Covered in the Report:
- Frequency Modulated Continuous Wave Radar
- Doppler Radar
By End User
- Military & Defense
- Weather Monitoring
By Frequency Band
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Furuno Electric Co., Ltd.
- L3Harris Technologies, Inc.
- Raytheon Technologies Corporation
- Saab AB
- Honeywell International, Inc.
- Northrop Grumman Corporation
- Thales Group S.A.
- BAE Systems PLC
- Lockheed Martin Corporation
- Leonardo SpA
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What would be the size of the solid state radar market by 2027?
The solid state radar market size is projected to reach USD 2.2 billion by 2027.
What are the key driving factors and challenges in the solid state radar market?
High deployment of unmanned aerial vehicles (UAVs) are driving the market in coming years, however, vulnerable to new jamming methods limited the growth of the market.
Who are the leading players in the solid state radar market?
Furuno Electric Co., Ltd., L3Harris Technologies, Inc., Raytheon Technologies Corporation, Saab AB, Honeywell International, Inc., Northrop Grumman Corporation, Thales Group S.A., BAE Systems PLC, Lockheed Martin Corporation, and Leonardo SpA.
Which segment dominated the solid state radar market in 2020?
The Non-Commercial market dominated the Global Solid State Radar Market by Industry 2020, and would continue to be a dominant market till 2027.
Which region dominated the solid state radar market in 2020?
The North America market dominated the Global Solid State Radar Market by Region 2020, and would continue to be a dominant market till 2027.