30 October 2020
3D Radar Market Report : Forecasts by Frequency (L Band, C/S/X Band, E/F Band), by Range (Short Range, Medium Range, Long Range), by Platform (Land, Airborne, Naval) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.
Global 3D radar market was valued at US$ xx billion in 2021 and is projected to reach at a market value of US$ xx billion by 2031. The growth of this market can be attributed to the rising demand for advanced radar systems along with increasing adoption of 3D radars in unmanned aerial vehicles (UAVs). The global military sector is focused on enhancing their operational capabilities through numerous modernization programmes, deploying military radars such as 3D radars for advance air defense and interception has resulted in the replacement of the traditional combat systems. In addition, 3D radar capabilities such as navigation, targeting, mapping, as well as target identification may contribute to the market growth. With the increasing demand for advanced defense technologies, it is anticipated that the 3D radar market may propel during the forecast period.
Rising disputes between neighbouring countries is one of the factors that is expected to fuel the demand for 3D radars market. Over the past few years, countries such as China, Japan, South Korea, and countries in the Middle East have been witnessing rise in territorial disputes as well as transnational security threat. As a result, countries across the globe have been focusing on strengthening their military capabilities.
The military sector across the globe is highly investing in advance stealth technologies so as to enhance identification capabilities, and surveillance resolution. In addition, various military organizations have been procuring 3D radar systems from commercial players in the industry so as enhance their military operations with more accurate and precise data.
The rise in the number of UAVs being deployed for various applications is expected to significantly grow in the coming years. The defense sector particularly, have been deploying drones for intelligence, surveillance, target acquisition and reconnaissance (ISTAR) as well as combat operations.
COVID-19 Impact on 3D Radar Market
COVID-19 has affected the global economies negatively during the past few months and is expected to have significant impact on the defense sector in terms of budget allocation over the next few years. Due to the pandemic, the supply chain in this industry has been adversely affected, wherein, most manufacturing facilities has been shut down due to low manpower.
The 3D radar market is highly competitive with various major key players in the ecosystem engaged in developing technologically advanced 3D radar for various applications such as airborne and ground applications. Some of the companies profiled in the report include Raytheon Company, Northrop Grumman Corporation, Thales Group, Airbus Defense and Space, Honeywell International Inc, BAE Systems Plc, SAAB Group, Harris Corporation, Leonardo S.p.A, and Rheinmetall AG, among others.
• In May 2020, Northrop Grumman, Lockheed Martin, and CEA Technologies, have received a contract from the U.S. Air Force to develop and demonstrate their 3D expeditionary long-range radar prototypes. Under this contract, CEA will be demonstrating its 3DELRR prototype under a Foreign Comparative Test award, whereas Lockheed and Northrop will implement their work through other transaction agreements as part of the SpeedDealer demonstration program.
• In May 2017, Raytheon Technologies received a contract from U.S. Air Force worth USD 52 million for a new long-range radar system, the Three-Dimensional Expeditionary Long-Range Radar (3DELRR) system. Raytheon will be supplying three production representative units of the 3DELRR systems to USAF by 2020.
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