Marine Radars

PUBLISHED: October 11, 2024

PAGES: 126 Pages

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Description

Global Marine Radars Market to Reach US$1.1 Billion by 2030

The global market for Marine Radars estimated at US$868.9 Million in the year 2023, is expected to reach US$1.1 Billion by 2030, growing at a CAGR of 3.1% over the analysis period 2023-2030. Fishing Vessels End-Use, one of the segments analyzed in the report, is expected to record a 3.4% CAGR and reach US$445.5 Million by the end of the analysis period. Growth in the Merchant Vessels End-Use segment is estimated at 3.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$228.4 Million While China is Forecast to Grow at 3.0% CAGR

The Marine Radars market in the U.S. is estimated at US$228.4 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$172.6 Million by the year 2030 trailing a CAGR of 3.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.9% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Global Marine Radars Market - Key Trends and Drivers Summarized

How Are Marine Radars Critical to Maritime Safety and Navigation?

Marine radars are essential systems used to detect, locate, and monitor vessels, obstacles, and weather conditions at sea, ensuring safe navigation and maritime operations. These radar systems are widely employed in commercial shipping, naval defense, fishing vessels, and recreational boating. They provide real-time information on surrounding ships, shorelines, and potential hazards, even in poor visibility conditions such as fog or heavy rain. Marine radars operate by emitting radio waves and measuring their reflections from objects, enabling vessels to navigate safely through congested or treacherous waters. The continuous rise in global maritime trade and the growing focus on maritime safety are key drivers for the widespread adoption of marine radars.

What Are the Key Segments in the Marine Radar Market?

Types of marine radars include X-band and S-band radars, with X-band radars being the most commonly used due to their ability to provide high-resolution images and detect small objects. In terms of application, the commercial shipping sector accounts for the largest market share, driven by the need for advanced navigation systems to manage large vessels in busy shipping lanes. The defense and naval sectors also represent significant market segments, where radar systems are critical for surveillance, target acquisition, and threat detection. Regionally, North America and Europe dominate the market due to their advanced maritime infrastructure, while Asia-Pacific is expected to witness robust growth, driven by expanding commercial shipping and defense investments.

How Are Technological Advancements Shaping Marine Radar Systems?

Technological advancements in marine radar systems are enhancing their performance and functionality. Innovations such as solid-state radar technology have improved radar sensitivity, accuracy, and reliability, while reducing power consumption and maintenance needs. Additionally, modern marine radars are increasingly integrated with other navigation systems, such as GPS and automatic identification systems (AIS), offering comprehensive situational awareness to maritime operators. Digital radar systems, equipped with enhanced data processing capabilities, provide clearer images and better target discrimination, even in cluttered environments. The integration of artificial intelligence (AI) and machine learning algorithms into radar systems is also emerging, enabling predictive analysis for collision avoidance and improved decision-making.

What Factors Are Driving the Growth in the Marine Radar Market?

The growth in the marine radar market is driven by several factors, including the increasing focus on maritime safety and the rise in global maritime trade. The expansion of international shipping routes, combined with stricter regulations regarding vessel safety and navigation, is fueling demand for advanced radar systems. Technological advancements, such as solid-state radar and AI integration, are enhancing the accuracy and reliability of marine radar systems, driving their adoption across commercial, defense, and recreational sectors. Additionally, the growing investments in naval defense, driven by geopolitical tensions and the need for coastal surveillance, are further propelling market growth. Lastly, the rise of smart ports and the increasing use of autonomous vessels are expected to create significant opportunities in the marine radar market.

Select Competitors (Total 36 Featured) -

Aerostar
BAE Systems Plc
Furuno Electric Co., Ltd.
Garmin Ltd.
GEM Elettronica
HENSOLDT
Japan Radio Co., Ltd.
Koden Electronics Co., Ltd.
Lockheed Martin Corporation
Navico Holding AS

Product Code: MCP24583

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Marine Radars - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Global Maritime Trade Propels Growth in Marine Radar Market
- Increased Focus on Maritime Safety and Navigation Expands Adoption of Advanced Marine Radar Systems
- Technological Advancements in Radar Detection and Imaging Propel Innovation in Marine Radars
- Growing Use of Marine Radars in Autonomous Vessels Strengthens Business Case for Radar System Integration
- Rising Number of Offshore Exploration Activities Drives Demand for High-Performance Marine Radars
- Expansion of Commercial Shipping Fleets Generates Opportunities for Marine Radar Adoption
- Advancements in Solid-State Radar Technologies Propel Adoption of Modern Marine Radar Systems
- Rising Demand for Multi-Function Radars Sustains Growth in Integrated Navigation Systems
- Expansion of Fishing and Recreational Boating Industries Fuels Demand for Affordable Marine Radars
- Growing Focus on Enhanced Vessel Surveillance Strengthens Demand for Long-Range Radar Solutions
- Increased Adoption of Marine Radars in Military and Defense Applications Accelerates Market Growth
- Growing Trend of Green Shipping Practices Spurs Demand for Energy-Efficient Radar Solutions
4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Marine Radars Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Marine Radars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 3: World Historic Review for Marine Radars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 4: World 16-Year Perspective for Marine Radars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Fishing Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 6: World Historic Review for Fishing Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 7: World 16-Year Perspective for Fishing Vessels End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Merchant Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 9: World Historic Review for Merchant Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 10: World 16-Year Perspective for Merchant Vessels End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 11: World Recent Past, Current & Future Analysis for Naval Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 12: World Historic Review for Naval Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 13: World 16-Year Perspective for Naval Vessels End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 14: World Recent Past, Current & Future Analysis for Recreational Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 15: World Historic Review for Recreational Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 16: World 16-Year Perspective for Recreational Vessels End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES
- Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 17: USA Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 18: USA Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 19: USA 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030
CANADA
- TABLE 20: Canada Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 21: Canada Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 22: Canada 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030
JAPAN
- Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 23: Japan Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 24: Japan Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 25: Japan 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030
CHINA
- Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 26: China Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 27: China Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 28: China 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030
EUROPE
- Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 29: Europe Recent Past, Current & Future Analysis for Marine Radars by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 30: Europe Historic Review for Marine Radars by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 31: Europe 16-Year Perspective for Marine Radars by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
- TABLE 32: Europe Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 33: Europe Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 34: Europe 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030
FRANCE
- Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 35: France Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 36: France Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 37: France 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030
GERMANY
- Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 38: Germany Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 39: Germany Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 40: Germany 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030
ITALY
- TABLE 41: Italy Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 42: Italy Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 43: Italy 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030
UNITED KINGDOM
- Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 44: UK Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 45: UK Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 46: UK 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030
REST OF EUROPE
- TABLE 47: Rest of Europe Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 48: Rest of Europe Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 49: Rest of Europe 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030
ASIA-PACIFIC
- Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 50: Asia-Pacific Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 51: Asia-Pacific Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 52: Asia-Pacific 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030
REST OF WORLD
- TABLE 53: Rest of World Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 54: Rest of World Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 55: Rest of World 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030