Market Forecast

Global 3D Radar Market is projected to register a CAGR of 19.12% from 2020 to 2026.

Rapidly rising geopolitical instabilities and growing need for 3D radars at airports have significantly contributed to the expansion of the 3D radar market. High competition owing to the presence of several players in the market has prompted 3D radar providers to focus on innovation. Furthermore, increasing product launches by companies such as FLIR Systems, Inc. is also expected to drive the growth of the market. For example, in 2018, FLIR Systems, Inc. launched The FLIR Ranger R8SS-3D and R8SS radars, that offer mid-range detection capabilities. The launch of the products enabled the company to strengthen its presence in the global 3D radar market. Additionally, the rising use of advanced technologies such as 3D printing for manufacturing radars is also expected to drive the growth of the market.

However, issues related to the vulnerability of fully automated 3D radars and high cost of development might hamper the growth of the market.

Market USP

Miniaturization of 3D radars and the growing adoption of advanced materials to manufacture lightweight 3D radars are expected to drive the growth of the global 3D radar market.

Growth Opportunities in the Market

Airborne segment to register the highest CAGR during the forecast period: The airborne segment is expected to witness the highest CAGR during the forecast period owing to the growing demand for military aircraft and UAVs from emerging countries. Additionally, various technological upgradation programs by developed countries such as the US to include radar systems in their military aircraft are also expected to drive the growth of the segment in the global market.

C/S/X band segment is projected to register the highest CAGR during the forecast period: The C/S/X band segment is expected to grow at the highest CAGR during the study period, owing to various benefits offered by C/S/X band such as less susceptible to rain fading, low ownership cost, and can support smaller antennas.

Medium range segment is expected to grow highest CAGR in the market: The medium range segment is projected to grow with the highest CAGR during the study period as the majority of the military applications such as missile guidance, object mapping, and ground surveillance activities are covered under the medium range segment.

Key Players
• Lockheed Martin Corporation (US)
• Raytheon Technologies Corporation (US)
• Indra Sistemas, S.A. (Spain)
• Northrop Grumman Corporation (US)
• Thales Group (France)
• BAE Systems (UK)
• Airbus SAS (Netherlands)
• Honeywell International Inc. (US)
• Saab AB (Sweden)
• L3Harris Technologies, Inc. (US)

Other Prominent Players
• Leonardo S.p.A (Italy)
• Aselsan A.S. (Turkey)
• Rheinmetall AG (Germany)
• ELTA Systems Ltd (Israel)

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