3D Radar Market - Recent Trends, Development, Growth & Forecast 2022-2028

Market Overview:

The Global 3D Radar market was estimated at USD 1.10 billion in 2021 and is anticipated to reach USD 3.66 billion by 2028, growing at a CAGR of 18.72%.

Radar coverage in three dimensions is provided by 3D radar, together with elevation, range, and azimuth data. The 3D radar is a modernized version of the 2D radar, which is also known as the radio detection and ranging system. Numerous uses for 3D radar, including weather monitoring, defense, and surveillance, are what's fueling the market's expansion. In the coming years, it is anticipated that the 3D radar industry would benefit from the increase in the miniaturization of 3D radars. After COVID-19, the market for 3D radars is anticipated to experience significant growth due to the fact that many nations have either already ordered or are planning to buy such radars for their armed forces.

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Market Dynamics:

Driver:

A number of factors, including the rising demand for contemporary warfare methods and the expansion of air and missile defense system deployment, are expected to contribute to the significant growth of the 3D radar market during the forecast period. The increasing use of 3D radars at airports to provide pilots with improved surveillance is also anticipated to fuel the market's expansion. The armed forces' increasing use of 3D radars to give soldiers better target acquisition capabilities is another factor that is anticipated to fuel market expansion.

Opportunities:

The global market for 3D radar Systems is also anticipated to increase as a result of the development of network-centric warfare and electronic warfare techniques by military organizations due to the rising demand for information, surveillance, etc., and the geopolitical unrest in the Middle East. The global market for 3D radar will see new growth prospects as missile defense system deployment increases and technology advances, such as the shrinking of 3D radar, create new growth opportunities.

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Market Coverage

•Available market numbers - 2022-2028
•Base Year - 2021
•Forecast Period - 2022-2028
•Segments covered - By Platform, By Range, By Frequency Band
•Competitive Landscape - Airbus S.A.S. (US),Northrop Grumman Corporation,Thales Group (US),BAE Systems (UK),Raytheon Technologies Corporation (US)

Market Segmentation

By Platform

• Airborne
• Ground
• Naval

By Range

• Short Range (up to 75 Km)
• Medium Range (75-150 Km)
• Long Range (more than 150 Km)

By Frequency Band

• L Band
• C/S/X Band
• E/F Band
• Others

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By Region

•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
•Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of South America)

Major Key Players Considered in the Market

• Airbus S.A.S. (US)
• Northrop Grumman Corporation
• Thales Group (US)
• BAE Systems (UK)
• Raytheon Technologies Corporation (US)
• Saab AB(Sweden)
• Leonardo S.p.A. (Italy)
• ASELSAN A. (Turkey)
• L3Harris Technologies Inc. (Florida)
• Rheinmetall AG (Germany)
• ELTA Systems Ltd. (Israel)
• Honeywell International Inc (US) and other major players.

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Key Industry Developments in the 3D Radar Market

In February 2022, Honeywell announced that a drone that has been piloted by its IntuVue RDR-84K radar has proven its capability in a critical round of dodgeball. It was performed with an aircraft which repeatedly changes its direction in a series of tests that are deciding factor to the future of pilotless aeronautics.

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