Naval System Surveillance Radar Market Report Forecast-2028

Naval System Surveillance Radar Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (X-band and Ku-band, L-band and S-band, and Others) and Application (Weapon Guidance System and Surveillance)

Publication Month : Jun 2022

  • Report Code : TIPRE00021512
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 151
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The naval system surveillance radar market is projected to reach US$ 6,465.89 million by 2028 from US$ 4,249.75 million in 2022; it is expected 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 both X and S-band frequency processes to achieve higher efficiency in the detection of small objects at a distance. Solid radar needs minimal maintenance and employs a proprietary low-power pulse sequence.

The global naval system surveillance radar market was unaffected from the demand side owing to the onset of the COVID-19 pandemic. However, the supply chain disruptions due to the stringent containment measures undertaken by regional government bodies affected the naval system surveillance radar market marginally from the supply side in FY 2020, leading to delays in deliveries of naval system surveillance radars. The supply chain started to stabilize from Q3 of 2020, which enabled the manufacturers to procure production components on time.

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Naval System Surveillance Radar Market: Strategic Insights

naval-systems-surveillance-radar-market
Market Size Value inUS$ 4,249.75 Million in 2022
Market Size Value byUS$ 6,465.89 Million by 2028
Growth rateCAGR of 7.2% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Impact of COVID-19 Pandemic on Naval System Surveillance Radar Market

 

The COVID-19 pandemic led to raw material supply chain disruptions in the initial phase of the pandemic. As a result, the market players witnessed a slowdown in production. However, by mid-2020, the companies overcame these challenges through several initiatives such as strategic partnerships and contract acquisitions. The high number of COVID-19 cases severely affected the European navy from 2020 to 2021. The COVID-19 pandemic triggered a decline in the demand for tactical naval system surveillance radars, which resulted in reduced production, and hampered the European naval system surveillance radar market growth. However, the market players acquired naval system surveillance radar contracts from various military forces globally during the COVID-19 pandemic, which enabled the market players to generate revenues and contribute to the naval system surveillance radar market growth. However, the revenue generated in 2020 was comparatively less than in 2019.

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Market Insights

The global naval system surveillance radar market based on geography is segmented into North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The North American region accounted for the highest share in the global naval system surveillance radar industry in 2021; however,  the APAC naval system surveillance radar market share is expected to grow with the highest CAGR during the forecast period.  North America has the largest aerospace and defense market globally due to the various military, naval, and air forces. Over the years, the US increased its military spending on acquiring advanced and updated vessels, equipment, and communication. Further the presence of market players is another reason behind the dominance.

The region leads in technological advancements and expenditure toward navy technologies that primarily drive the naval system surveillance radar market size. Further, the rising applications relevant to surveillance and analysis of radar systems for the navy and naval vehicles industry in the US, Canada, and Mexico are boosting this region's naval system surveillance market growth. The growing demand for advanced and reliable radar systems is one of the major factors contributing to the growth of the naval system surveillance market. The rising trend for using surveillance radar applications to target radar cross-sections (RCS) with the help of radar systems across North America is also driving the market share. Moreover, the increasing demand for radar systems and surveillance systems across North America is encouraging the growth of the naval system surveillance radar market forecast.

Type-Based Insights

Based on type, the global naval system surveillance radar market is segmented into X-band and Ku-band, L-band and S-band, and others. In 2021, the X-band and Ku-band segment dominated the global naval system surveillance radar market, according to the market research study, and is expected to retain its dominance during the forecast period. The X-Band's short wavelength is higher resolution imaging for target identification and discrimination which is contributing to the growth of the segment over the years.

This enables greater resolution imaging for target identification and discrimination. It is used for civil, military, navy, and government radar applications, including weather monitoring, air traffic control, maritime vessel traffic control, defense tracking, and vehicle speed detection for law enforcement. The X-Band is utilized for satellite and terrestrial communications in addition to radar. In contrast, the Ku band is directly below the K-band, which is used for other types of radar and satellite communications that operate at frequencies higher than the former. Thus, these factors of X-band and Ku-band drive the growth of the naval system surveillance radar market.

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. By application, the market is segmented into weapon guidance system and surveillance. On the basis of geography, the naval system surveillance radar industry size is primarily segregated 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 some of the prominent naval system surveillance radar market players. The naval system surveillance radar market is highly fragmented with several players localized in a specific region to cater to the domestic demand.

Players operating in the naval system surveillance radar market are mainly focused on the development of advanced and efficient products.

  • In 2022, Raytheon Technologies was granted a US$ 651 million hardware, manufacturing, and sustainment contract with options totaling US$ 2.5 billion for full-rate manufacture of the AN/SPY-6(V) Radars. The agreement, which includes options, is worth US$ 3.2 billion and covers five years of radar manufacture for up to 31 US Navy ships.
  • In 2021, Thales was awarded a contract to supply the Albatros Maritime Surveillance and Intervention Aircraft (AVSIMAR) programme with its SEARCHMASTER surveillance radar and mission navigation system.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the estimated global market size for the naval system surveillance radar market in 2021?

The estimated global market size for the naval system surveillance radar market is US$ 4000.96 Mn in 2021.

What are the driving factors impacting the global naval system surveillance radar market?

Growing Importance of Naval Surveillance Systems.
Rise in Procurement of Naval System Surveillance Radar.

Which are the key players holding the major market share of naval system surveillance radar market?

The major companies in naval system surveillance radar market includes Leonardo S.p.a.; Raytheon technologies corporation; Northrop Grumman Corporation; Thales Group; and Ultra.

Which is the fastest growing regional market?

North America dominated the naval system surveillance radar market in 2021 with more than 35% share it would continue to dominate the market during the forecast period.

Which countries are registering a high growth rate during the forecast period?

The united states, United Kingdom, India, Saudi Arabia, and Brazil are the countries registering a high growth rate during the forecast period.

Which is the leading deployment/industry/component/others segment in the naval system surveillance radar market?

The surveillance application segment led the naval system surveillance radar market with more than 60% share in 2021. It is further expected to dominate the market over the forecast period.

What will be the global market size for naval system surveillance radar market by 2028?

The estimated global market size for the naval system surveillance radar market is US$ 6465.89 US$ Mn in 2028.

What is the incremental growth of the naval system surveillance radar market during the forecast period?

The incremental growth of the naval system surveillance radar market during the forecast period is US$ 2216.14 Mn

The List of Companies - Naval System Surveillance Radar Market

  1. Lockheed Martin Corporation
  2. Northrop Grumman Corporation
  3. Raytheon Technologies Corporation
  4. Saab AB
  5. Thales Group
  6. BAE Systems
  7. Israel Aerospace Industries Ltd.
  8. Leonardo S.p.A.
  9. Ultra
  10. HENSOLDT

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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