According to our latest market study on “Naval System Surveillance Radar Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the naval system surveillance radar market is expected to grow from US$ 4,249.75 million in 2022 to US$ 6,465.89 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2022 to 2028.
Radar is an essential part of every ship as it ensures the safety of ships at sea and close to the land. Ships use S-band and X-band frequency radar systems for navigation and detection of impending ships or land impediments to avoid a collision. The radars detect targets and relay the information on the ship deck screen. Naval system surveillance radars detect small targets at a longer range in bad weather conditions. It employs X and S-band frequency processes to achieve higher efficiency in detecting small objects at a distance. Solid radar needs minimal maintenance and employs a proprietary low-power pulse sequence.
The buyers in the naval system surveillance radar market include naval forces. The naval forces procure naval system surveillance radar, especially for orders and navy intelligence, which are short-medium range naval surveillance, surface search, and navigation radar systems are full radar sensor systems with proven tiny target detection capacity to aid authorities in efficiently monitoring criminal operations such as surveillance systems for national security and navigation exercises, both on coastal and inland waterways in the country. Moreover, the naval forces have choices to switch between suppliers based on parameters such as price, technology, and requirement. Considering the fact that the end users of the market have the option to choose their suppliers, the bargaining power of the buyers is high in the naval system surveillance radar market and is expected to remain high in the coming years.
The major stakeholders in the global naval system surveillance radar market ecosystem include component manufacturers, naval system surveillance radar manufacturers, and end-users, among others. A naval radars systems are made up of various components, which the system manufacturers procure from a huge base of component manufacturers. These component manufacturers supply the base parts to the global naval system surveillance radar players. The manufacturers are the companies that are engaged in manufacturing the final surveillance radar systems after integrating each component. The end-user of the global naval system surveillance radar market includes all naval forces globally. The naval forces integrate the radar with submarines, ships, and naval vessels, among others, for applications such as surveillance and weapon guidance system.
Impact of COVID-19 Pandemic on Naval System Surveillance Radar Market Size
The COVID-19 pandemic impacted various industries, such as the aerospace & defense industry. The procurement of naval system surveillance radar got adversely affected due to the temporary discontinuation of various production facilities in the naval industries, such as ships, vessels, naval equipment, and naval port. The lockdown was imposed to minimize the transmission of SARS-CoV-2, which significantly disrupted the supply chain activities and reduced the production of components and sub-components. It also impacted the global military ship/vessel manufacturing sectors. Further, there were restrictions on foreign trades due to the closure of international borders, non-operational distribution channels, and various government norms to take precautionary measures for public health and safety.
Due to the COVID-19 outbreak, the global aerospace & defense industry was impacted drastically. Moreover, the COVID-19 outbreak severely hampered the ship manufacturing industry as their workforces were shut down for safety and to prevent the spread of COVID-19, which slightly impacted the market growth. Moreover, a few companies operating in the global naval system surveillance radar market were severely impacted, which have had a marginal adverse effect on the market size.
The naval system surveillance radar market is segmented on the basis of type, application, and geography. Based on type, the market is segmented into X-band and Ku-band, L-band and S-band, and others. Based on application, the market is categorized into weapon guidance system and surveillance. On the basis of geography, the naval system surveillance radar market size is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.
Leonardo S.p.A., Raytheon Technologies Corporation, Northrop Grumman Corporation, Thales Group, and Ultra are a few key naval system surveillance radar market players. In addition, several other important market players were studied and analyzed during the course of this study to get a holistic view of the global naval system surveillance radar market growth and its ecosystem.
Naval System Surveillance Radar Market Share – by Region, 2021
Naval System Surveillance Radar Market Report Forecast-2028
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