Digital Radar Market

Digital Radar Market by Type (Active and Passive), Dimension (2D, 3D and 4D), Application (Safety, Security and Surveillance), Vertical (Automotive, Aerospace, Military and Defense) and Region - Global Forecast to 2029

Report Code: SE 9078 Jul, 2024, by marketsandmarkets.com

[240 Pages Report] The digital radar market is projected to grow from USD 5.9 billion in 2024 and is expected to reach USD 13.7 billion by 2029, growing at a CAGR of 18.2% from 2024 to 2029. The integration of digital radar in defense operations is one of the key factors leading to the emergence of the digital radar market. The effective detection and response to possible threats is made possible by the presence of a strong knowledge of the situation in the military. Modern radar technology is able to detect many different objects because of its high accuracy and comprehensive view, regardless of the place and mission. Since digital radar employs cutting-edge algorithms of signal processing and high-resolution images, it's one of the best systems that can offer better accuracy or reliability as far as the detection and tracking of objects both airborne and surface are concerned.

The objective of the report is to define, describe, and forecast the digital radar market based on type, dimension, application, vertical, and region.

Digital Radar Market

Digital Radar Market

Digital Radar Market Forecast to 2029

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Digital Radar Market Dynamics

Drivers: Rising demand of digital radar for enhanced weather detection and monitoring

Weather detection and monitoring demands accurate atmospheric condition data in present, including the fact of precipitation happening, the power of storms themselves, and the system for traveling of meteorological phenomena. It has been estimated that on daily basis National Oceanic and Atmospheric Administration (US) transmits approximately 5.4 gigabytes while uploading 15.9 gigabytes from other countries world-wide. Digital radar is significant since it offers precise and timely feedback because of having advanced sensing abilities to help in different fields.

Restraint: High development cost

The R&D and manufacturing of digital radar system is very expensive. Various stakeholder investments are needed in the value chain stages among them are R&D, manufacturing, system integration, and assembly. These radar security systems target short range, medium range, and long range. An operational frequency band is chosen according to one which is appropriate for any application range. Digital radar systems cost a lot to develop because they require high technology and specialized parts like strong signal processors, complex data interpretation algorithms and high-frequency transceivers.

Opportunity: Growth of unmanned aerial vehicles

For both military and civilian devices, unmanned aerial vehicles (UAV) have become a routine application. China, Russia, and Israel are developing drones and other UAV types which they use for intelligence collection, surveillance missions and reconnaissance purposes. Combat UAVs, such as the Predator and the Heron, have been developed by the US and Israel, respectively. UAVs have witnessed tremendous demand in the last few years owing to their cost-efficient and low-risk operations. Digital radars provide precise object detection, tracking, and collision avoidance capabilities. These capabilities are essential for enabling UAVs to navigate complex environments autonomously and avoid obstacles such as other aircraft, terrain, and buildings

Challenge: Electromagnetic jamming and interface issue

Jamming radar signals using electro magnetic energy is a big issue for the market. It is a form of war increasingly used when one party emits high frequency signals aimed at interfering with visual signals from radars. New jamming employs high energy signals to overrun the radar receiver thus decreasing its performance capability. Its primary goal is to reduce the efficiency of electronic radars, including false target generation and noise jamming. In July 2023, the US Air Force gave Southwest Research Institute (SwRI) USD 4.8 million contract for identifying and responding to hostile radar signals that could threaten US military airplane safety.

Digital Radar Map/Ecosystem:

Digital Radar Market by Ecosystem

Market for safety segment is expected to witness higher CAGR during the forecast period.

The rise in the use of digital radar in the automotive sector is one of the key driving factors for the digital radar market in safety application. The radar sensor sees objects on the road, and the vision sensor uses a camera to see ahead. DENSO CORPORATION (Japan), a leading mobility supplier, has unveiled a new product known as the Global Safety Package 3, which includes an improved sensing capability that enhances vehicle safety. To create a safer driving experience for all drivers, DENSO has developed an advanced safety technology that incorporates both millimeter wave radar sensors (MWR) and optical visual sensors into one device for use in cars.

Market for military & defense segment is expected to account for largest market share in the digital radar market during the forecast period.

The segment is driven by the need for enhanced threat detection and surveillance capabilities in order to guarantee national safety, supported by rising military expenditures. Technological advancements in digital radar systems, including improvements in signal processing and data analytics, further boost adoption, allowing for superior accuracy and range in monitoring airspace and detecting potential threats.

The 4D segment in the digital radar market to witness higher CAGR during the forecast period.

The 4D segment to witness high growth rate in the digital radar market due to its superior capabilities and wide-ranging applications of the 4D radar segment. 4D radar adds time as the fourth dimension, which makes it more precise and gives a better spatial awareness when compared with traditional radar systems that only have range data, angles, and velocity

Digital radar market in the Asia Pacific region is expected to witness higher CAGR during the forecast period.

The market in the Asia Pacific region is driven by high growth in the automotive sector. The increase in use of ADAS to improve vehicle safety within countries like China, and Japan among others is one of the key factors boosting the growth of the automotive sector in this region. As a result, digital radar benefits the robust automotive industry coupled with increasing attention towards safety features.

Digital Radar Market by Region

Digital Radar Market by Region

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Key Market Players

Major vendors in the digital radar companies include are Lockheed Martin Corporation (US), Thales (France), Indra (Spain), Leonardo S.p.A. (Italy), Bharat Electronics Limited (India), Advanced Micro Devices, Inc. (US), Magna International Inc. (Canada), NXP Semiconductors (Netherlands), Saab AB (Sweden), and Uhnder (US), among others.

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Scope of the Report

Report Metric

Details

Market size available for years

2020—2029

Base year

2023

Forecast period

2024—2029

Forecast Units

USD Million/USD Billion

Segments Covered

By Type, Dimension, Application, Vertical, and Region

Geographic regions covered

North America, Europe, Asia Pacific, and RoW

Companies covered

Lockheed Martin Corporation (US), Thales (France), Indra (Spain), Leonardo S.p.A. (Italy), Bharat Electronics Limited (India), Advanced Micro Devices, Inc. (US), Magna International Inc. (Canada), NXP Semiconductors (Netherlands), Saab AB (Sweden), Uhnder (US), Israel Aerospace Industries (Israel), BAE Systems (UK), Elbit Systems Ltd. (Israel), Vayyar (Israel), Arbe (Israel), Ainstein Radar Systems (US), Oculii (US), Spartan Radar, Inc. (US), Cubtek Inc. (Taiwan), ASELSAN A.S. (Turkiye), Teledyne FLIR LLC (US), Echodyne Corp (US) Bitsensing (South Korea), RFISee (Israel), andGapwaves AB (Sweden).

Digital Radar Market Highlights

This research report categorizes the digital radar market based on type, dimension, application, vertical, and region.

Segment

Subsegment

By Type

  • Active
  • Passive

By Dimension

  • 2D & 3D
  • 4D

By Application

  • Safety
  • Security & Surveillance
  • Others

By Vertical

  • Automotive
  • Aerospace
  • Military & Defense
  • Others

By Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Rest of the world
    • GCC Countries
    • Rest of the Middle East & Africa
    • South America

Recent Developments

  • In April 2024, Thales (France) partnered with the Dutch Defense Ministry to hand over seven more Ground Master 200 Multi-Mission Compact (GM200 MM/C) radars. These highly mobile GM200 MM/C radars broaden the operational picture through advanced detection, tracking, and classification of different threats including drones, missiles, and aircraft.
  • In May 2023, Indra (Spain) developed the V2i version of S3TSR radar. The radar's detection and tracking capabilities are getting better. This will increase its capacity up to sixteen times. Smaller objects and ballistic missile tracking will be possible due to the improvements made.
  • In February 2023, Bharat Electronics Limited (India) and Israel Aerospace Industries (Israel) are forming a joint venture to provide product support for India's Defence Forces. This include radars and the MRSAM air-defence system. The partnership aims to establish a single point of contact for maintenance and technical support, enhancing the Make in India initiative.

Critical questions answered by this Report:

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TABLE OF CONTENTS
 
1 Introduction 
    1.1. Study Objectives  
    1.2. Market Definition and Scope 
           1.2.1. Inclusions and Exclusions
    1.3. Study Scope 
           1.3.1. Markets Covered
           1.3.2. Geographic Segmentation
           1.3.3. Years Considered for the study
    1.4. Currency 
    1.5. Limitations 
    1.6. Stakeholders 
    1.7. Recession Impact on Digital Radar Market 
 
2 Research Methodology 
    2.1. Research Data 
           2.1.1. Secondary Data
                    2.1.1.1. Major Secondary Sources
                    2.1.1.2. Key Data from Secondary Sources
           2.1.2. Primary Data
                    2.1.2.1. Primary Interviews with Experts
                    2.1.2.2. Key Data from Primary Sources
                    2.1.2.3. Key Industry Insights
                    2.1.2.4. Breakdown of Primaries
    2.2. Market Size Estimation 
           2.2.1. Bottom-Up Approach 
                    2.2.1.1. Approach for Capturing Market Share by Bottom-Up Analysis (Demand Side)
           2.2.2.  Top-Down Approach
                    2.2.2.1. Approach for Capturing Market Share by Top-Down Analysis (Supply Side)
    2.3. Market Breakdown and Data Triangulation 
    2.4. Research Assumptions 
    2.5. Risk Assessment 
    2.6. Assumptions of Recession 
    2.7. Limitations of Research 
 
3 Executive Summary 
 
4 Premium Insights 
 
5 Market Overview 
    5.1. Introduction 
    5.2. Market Dynamics 
    5.3. Trends/Disruptions Impacting Customer’s Business 
    5.4. Pricing Analysis 
           5.4.1. Average Selling Price Trend of Key Players, By Dimension
           5.4.2. Average Selling Price Trend, By Region
    5.5. Value Chain Analysis 
    5.6. Ecosystem Analysis 
    5.7. Investment and Funding Scenario 
    5.8. Funding, By Application 
    5.9. Technology Analysis 
           5.9.1. Key Technologies
                    5.9.1.1. Beamforming
                    5.9.1.2. Radar-on-Chip
           5.9.2. Complementary Technology
                    5.9.2.1. Sensor Fusion 
           5.9.3. Adjacent Technology
                    5.9.3.1. Advanced Antenna
    5.10. Patent Analysis 
    5.11. Trade Analysis 
    5.12. Key Conferences and Events (2024-2025) 
    5.13. Case Study Analysis 
    5.14. Regulatory Landscape 
           5.14.1. Regulatory Bodies, Government Agencies, and Other Organizations
    5.15. Porters Five Force Analysis 
           5.15.1. Threat from New Entrants
           5.15.2. Threat of Substitutes
           5.15.3. Bargaining Power of Suppliers
           5.15.4. Bargaining Power of Buyers
           5.15.5. Intensity of Competitive Rivalry
    5.16. Key Stakeholders and Buying Criteria 
           5.16.1. Key Stakeholders in Buying Process
           5.16.2. Buying Criteria
 
6 Digital Radar Market, By Type 
    6.1. Introduction 
    6.2. Active 
    6.3. Passive 
 
7 Digital Radar Market, By Dimension 
    7.1. Introduction 
    7.2. 2D & 3D 
    7.3. 4D 
 
8 Digital Radar Market, By Application 
    8.1. Introduction 
    8.2. Safety 
    8.3. Security & Surveillance 
    8.4. Others 
 
9 Digital Radar Market, By Vertical 
    9.1. Introduction 
    9.2. Automotive 
    9.3. Aerospace 
    9.4. Military & Defense 
    9.5. Others 
 
10 Digital Radar Market, By Region  
     10.1. Introduction 
     10.2. North America 
             10.2.1. Impact of Recession
             10.2.2. US
             10.2.3. Canada
             10.2.4. Mexico
     10.3. Europe 
             10.3.1. Impact of Recession
             10.3.2. UK
             10.3.3. Germany
             10.3.4. France
             10.3.5. Rest of Europe
     10.4. Asia Pacific 
             10.4.1. Impact of Recession
             10.4.2. China
             10.4.3. Japan
             10.4.4. South Korea
             10.4.5. Rest of Asia Pacific
     10.5. RoW 
             10.5.1. Impact of Recession
             10.5.2. GCC Countries
             10.5.3. Rest of the Middle East & Africa
             10.5.4. South America
 
11 Digital Radar Market, Competitive Landscape 
     11.1. Key Player Strategies/Right to Win 
     11.2. Revenue Analysis 
     11.3. Market Share Analysis 
     11.4. Company Valuation and Financial Metrics 
     11.5. Product/Brand Comparison 
     11.6. Company Evaluation Matrix: Key Players, 2023 
             11.6.1. Stars
             11.6.2. Emerging Leaders
             11.6.3. Pervasive Players
             11.6.4. Participants
             11.6.5. Company Footprint: Key Players, 2023
                        11.6.5.1. Company Footprint
                        11.6.5.2. Region Footprint
                        11.6.5.3. Type Footprint
                        11.6.5.4. Dimension Footprint
                        11.6.5.5. Application Footprint
                        11.6.5.6. Vertical Application
     11.7. Company Evaluation Matrix: Startups/SMEs, 2023 
             11.7.1. Progressive Companies
             11.7.2. Responsive Companies
             11.7.3. Dynamic Companies
             11.7.4. Starting Blocks
             11.7.5. Competitive Benchmarking: Startups/SMEs, 2023
                        11.7.5.1. Detailed List of Key Startups/SMEs
                        11.7.5.2. Competitive Benchmarking of Key Startups/SMEs
     11.8. Competitive Situation and Trends 
 
12 Digital Radar Market, Company Profiles  
     12.1. Key Players 
             12.1.1. Lockheed Martin Corporation.
             12.1.2. Thales
             12.1.3. Indra 
             12.1.4. Leonardo S.p.A.
             12.1.5. Bharat Electronics Limited (BEL)
             12.1.6. Advanced Micro Devices, Inc.
             12.1.7. Magna International Inc.
             12.1.8. NXP Semiconductors
             12.1.9. Saab AB
             12.1.10. Uhnder
     12.2. Other Players 
             12.2.1. Israel Aerospace Industries
             12.2.2. BAE Systems
             12.2.3. Elbit Systems
             12.2.4. Vayyar
             12.2.5. Arbe Robotics
             12.2.6. Ainstein Radar Systems
             12.2.7. Oculi
             12.2.8. Spartan Radar
             12.2.9. Cubtek Inc.
             12.2.10. ASELSAN A.S.
             12.2.11. Teledyne FLIR LLC
             12.2.12. Echodyne Corp.
             12.2.13. Bitsensing
             12.2.14. RFISee
             12.2.15. Gapwaves AB
 
13 Appendix 
     13.1. Discussion Guide 
     13.2. Knowledge Store: MarketsandMarkets’ Subscription Portal 
     13.3. Available Customizations 
     13.4. Related Reports 
     13.5. Author Details  
       
 

 

The research process for this study included systematic gathering, recording, and analysis of data about customers and companies operating in the digital radar market. This process involved the extensive use of secondary sources, directories, and databases (Factiva, Oanda, and OneSource) for identifying and collecting valuable information for the comprehensive, technical, market-oriented, and commercial study of the digital radar market. In-depth interviews were conducted with primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects. Key players in the digital radar market were identified through secondary research, and their market rankings were determined through primary and secondary research. This research included studying annual reports of top players and interviewing key industry experts such as CEOs, directors, and marketing executives.

Secondary Research

In the secondary research process, various sources were used to identify and collect information important for this study. These include annual reports, press releases & investor presentations of companies, white papers, technology journals, certified publications, articles by recognized authors, directories, and databases.

Secondary research was mainly used to obtain key information about the industry's value chain, the total pool of market players, the classification of the market according to industry trends to the bottom-most level, regional markets, and key developments from the market and technology-oriented perspectives.

Primary Research

Primary research was also conducted to identify the segmentation types, key players, competitive landscape, and key market dynamics, such as drivers, restraints, opportunities, challenges, and industry trends, along with key strategies adopted by players operating in the digital radar market. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list key information and insights throughout the report.

Extensive primary research has been conducted after acquiring knowledge about the digital radar market scenario through secondary research. Several primary interviews have been conducted with experts from both demand (application, vertical, and region) and supply side (type and dimension) across four major geographic regions: North America, Europe, Asia Pacific, and RoW. Approximately 80% and 20% of the primary interviews were conducted from the supply and demand side, respectively. These primary data have been collected through questionnaires, emails, and telephonic interviews.

Digital Radar Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the digital radar market and various other dependent submarkets. Key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire research methodology included the study of annual and financial reports of the top players, as well as interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (quantitative and qualitative).

All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Digital Radar Market: Bottom-Up Approach

Digital Radar Market
 Size, and Bottom-Up Approach

Digital Radar Market: Top-Down Approach

Digital Radar Market
 Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size from the market size estimation process, as explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using top-down and bottom-up approaches.

Market Definition

A digital radar is a radar system that uses digital technology to process and analyze the signals it receives. Instead of relying on analog circuits, digital radar converts the analog signals into digital data using analog-to-digital converters (ADCs). This digital data is then processed by digital signal processing (DSP) algorithms, which improve the accuracy, resolution, and reliability of the radar's measurements. Digital radars are capable of more precise detection and tracking of objects, better noise reduction, and enhanced performance in various environmental conditions compared to traditional analog radars.

Key Stakeholders

  • Government and defense agencies
  • Investors and financial institutions
  • Industries such as automotive, aviation, and telecommunications
  • Component manufacturers
  • Raw material and manufacturing equipment suppliers
  • Original equipment manufacturers (OEMs)
  • Integrated device manufacturers (IDMs)
  • Original design manufacturers (ODMs)
  • Regulatory bodies
  • Technology investors
  • Research institutes and organizations

Report Objectives

  • To define, describe, and forecast the digital radar market, in terms of value, by type, dimension, application, vertical, and region.
  • To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW).
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To offer an ecosystem analysis, case study analysis, patent analysis, technology analysis, pricing analysis, Porter’s Five Forces analysis, and regulations pertaining to the market.
  • To give a detailed overview of the value chain of the digital radar market ecosystem
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To analyze the opportunities in the market for stakeholders and describe the competitive landscape of the market
  • To study competitive developments such as collaborations, partnerships, product developments, and acquisitions in the market
  • To understand the impact of the recession on the digital radar market

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Report Code
SE 9078
Published ON
Jul, 2024
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