MarketsandMarkets: The radar systems market is estimated to be USD 32.5 billion in 2021 and is projected to reach USD 41.0 billion by 2026, at a CAGR of 4.8% from 2021 to 2026. The market is driven by factors such as deployment of new & advanced radar systems like UAV based radar systems, Electronically Scanned array systems (ESA), etc.
Northrop Grumman Corp. (US), Lockheed Martin (US), Honeywell (US), Raytheon Technologies (US), Thales Group (France), Kongsberg (Norway), and Aselsan AS (Turkey) are some of the leading companies in this market. The focus of these players is to provide rugged and reliable radar systems which can be used in various different defence & commercial applications. Their Research and Development (R&D) activities makes their hold on this market even stronger.
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Raytheon Technologies: Raytheon is a key manufacturer of radar systems. It has a strong global distribution network and a broad product portfolio with varied applications. The company focuses on delivering scalable and affordable systems that increase accuracy and ruggedness.
Honeywell: The company is focused on the research & development of new technologies. It has developed high-tech radar systems and is a key supplier to the US, European countries, and Asian Pacific countries.
Thales: This is one of the leading manufacturers and distributors of radar systems. It has a strong network of distributors across Europe, North America, and the Middle East. It offers multiple solutions including a variety of radar systems.
Lockheed Martin: Lockheed Martin is one of the dominant players in the radar systems market. The company intends to strengthen and expand its core businesses with targeted acquisitions and through product developments. The company develops products majorly for the US defense forces.
Northrop Grumman Corporation: It has become one of the top players in the radar systems market in recent years. It is also an innovator in hardened electronic technologies used in marine applications. The company manufactures a radar systems kit that can be used by several types of military vessels.
Radar Systems Market by Application, Platform (Air, Marine, Unmanned, Land, Space), Frequency Band, Type, Component, Range, Dimension, Technology, & Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) - Forecast to 2026
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