Global Marine Radar Market Size study & Forecast, by Product Type (X Band Radars, S Band Radars) By Application (Merchant Marine, Fishing Vessels, Yacht, Military) and Regional Analysis, 2022-2029

PUBLISHED: May 5, 2023

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Global Marine Radar Market is valued at approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2022-2029. Marine radars are short-range radars which are widely utilized by numerous countries' naval ships. They are used in military combat to address maritime disputes and geopolitical threats. The Marine Radar market is expanding because of factors such as increasing military spending on radar and air defence systems and the rising adoption of UAVs.

Radar systems improve tracking, monitoring resolution, and timeframe. Governments in major emerging economies have made significant investments in research and innovation activities to improve the functionality of naval vessels. According to the International Centre for Defence and Security, French defence spending will raise 7.4% year-on-year increase in spending from 2022 levels in 2023. Furthermore, as per Statista, in 2021, the United States led the ranking of countries with the highest military spending With USD 801, which accounts for about 38% of total global military spending. Another important component driving space increase is the adoption of UAVs. According to Statista, in 2022 the Chinese drone market was expected to generate the highest revenue worldwide at around USD 1.27 billion. The revenue of the United States and France accounts for USD 1.24 billion and USD 150 million respectively. In addition, the global commercial drone market is projected to reach a size of around USD 58.4 billion by 2026. The market is expected to grow at a compound annual growth rate of over 16% between 2021 to 2026. Also, rising technological advancements in radar technologies and growing demand for weapons guidance applications and surveillance would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Marine Radar stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Marine Radar Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing demand for surveillance radars for border surveillance, intelligence, and reconnaissance, and modern air defence systems. According to Statista, in 2020, the number of ships flying the United States flag reached 44,500, an increase of almost three per cent compared with 2019. Furthermore, Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increase in naval investments by the neighboring countries to procure and modernize their naval fleet., geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.

Major market player included in this report are:

Koden Electronics Co., Ltd
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Technologies Corporation
Saab AB
Kongsberg Maritime AS
BAE Systems Plc
Teledyne FLIR LLC .
Navico Group As
Rutter Inc

Recent Developments in the Market:

In January 2023, The Air Force Research Laboratory was granted a USD 12 million Phase 2 contract for BAE Systems to develop a low-cost, all-weather, multi-mode radar open architecture seeker as part of the Maritime Weapon Innovation Program.

Global Marine Radar Market Report Scope:

Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Product Type:

X Band Radars
S Band Radars

By Application:

Merchant Marine
Fishing Vessels
Yacht
Military

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Marine Radar Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Marine Radar Market, by Product Type, 2019-2029 (USD Billion)
- 1.2.3. Marine Radar Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Marine Radar Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Marine Radar Market Dynamics

3.1. Marine Radar Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing military spending on radar and air defense systems
  - 3.1.1.2. Rising adoption of UAVs
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Marine Radar
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising technological advancements in radar technologies
  - 3.1.3.2. Growing demand for weapons guidance application and surveillance.

Chapter 4. Global Marine Radar Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Marine Radar Market, by Product Type

6.1. Market Snapshot
6.2. Global Marine Radar Market by Product Type, Performance - Potential Analysis
6.3. Global Marine Radar Market Estimates & Forecasts by Product Type 2019-2029 (USD Billion)
6.4. Marine Radar Market, Sub Segment Analysis
- 6.4.1. X Band Radars
- 6.4.2. S Band Radars

Chapter 7. Global Marine Radar Market, by Application

7.1. Market Snapshot
7.2. Global Marine Radar Market by Application, Performance - Potential Analysis
7.3. Global Marine Radar Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Marine Radar Market, Sub Segment Analysis
- 7.4.1. Merchant Marine
- 7.4.2. Fishing Vessels
- 7.4.3. Yacht
- 7.4.4. Military

Chapter 8. Global Marine Radar Market, Regional Analysis

8.1. Marine Radar Market, Regional Market Snapshot
8.2. North America Marine Radar Market
- 8.2.1. U.S. Marine Radar Market
  - 8.2.1.1. Product Type breakdown estimates & forecasts, 2019-2029
  - 8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Marine Radar Market
8.3. Europe Marine Radar Market Snapshot
- 8.3.1. U.K. Marine Radar Market
- 8.3.2. Germany Marine Radar Market
- 8.3.3. France Marine Radar Market
- 8.3.4. Spain Marine Radar Market
- 8.3.5. Italy Marine Radar Market
- 8.3.6. Rest of Europe Marine Radar Market
8.4. Asia-Pacific Marine Radar Market Snapshot
- 8.4.1. China Marine Radar Market
- 8.4.2. India Marine Radar Market
- 8.4.3. Japan Marine Radar Market
- 8.4.4. Australia Marine Radar Market
- 8.4.5. South Korea Marine Radar Market
- 8.4.6. Rest of Asia Pacific Marine Radar Market
8.5. Latin America Marine Radar Market Snapshot
- 8.5.1. Brazil Marine Radar Market
- 8.5.2. Mexico Marine Radar Market
- 8.5.3. Rest of Latin America Marine Radar Market
8.6. Rest of The World Marine Radar Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Company Profiles
- 9.2.1. Koden Electronics Co., Ltd
  - 9.2.1.1. Key Information
  - 9.2.1.2. Overview
  - 9.2.1.3. Financial (Subject to Data Availability)
  - 9.2.1.4. Product Summary
  - 9.2.1.5. Recent Developments
- 9.2.2. Lockheed Martin Corporation
- 9.2.3. Northrop Grumman Corporation
- 9.2.4. Raytheon Technologies Corporation
- 9.2.5. Saab AB
- 9.2.6. Kongsberg Maritime AS
- 9.2.7. BAE Systems plc
- 9.2.8. Teledyne FLIR LLC
- 9.2.9. Navico Group As
- 9.2.10. Rutter Inc

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Marine Radar Market, report scope
TABLE 2. Global Marine Radar Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Marine Radar Market estimates & forecasts by Product Type 2019-2029 (USD Billion)
TABLE 4. Global Marine Radar Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 5. Global Marine Radar Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Marine Radar Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Marine Radar Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Marine Radar Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Marine Radar Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Marine Radar Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Marine Radar Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Marine Radar Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Marine Radar Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Marine Radar Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. U.S. Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. Canada Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 19. Canada Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. UK Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 22. UK Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. Germany Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 25. Germany Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. France Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 28. France Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. Italy Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 31. Italy Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Italy Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Spain Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 34. Spain Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Spain Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. RoE Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 37. RoE Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoE Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. China Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 40. China Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. India Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 43. India Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. Japan Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 46. Japan Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. South Korea Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 49. South Korea Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. Australia Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 52. Australia Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. RoAPAC Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 55. RoAPAC Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. Brazil Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 58. Brazil Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Mexico Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 61. Mexico Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. RoLA Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 64. RoLA Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. Row Marine Radar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 67. Row Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row Marine Radar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Marine Radar Market
TABLE 70. List of primary sources, used in the study of global Marine Radar Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered