Global & Asia-Pacific Radar Market by Product Type (Continuous Wave Radar, Pulse Radar, and Others), Platform (Marine, Air, Ground, and Space), Application (Air Traffic Control, Remote Sensing, Ground Traffic Control, and Space Navigation & Control), and End User (Automotive, Aviation, Industrial, Weather Monitoring, Military & Defense, and Others): Opportunity Analysis and Industry Forecast, 2020-2027

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Radar system is used for detecting, tracking, locating, and recognizing objects at considerable distances. Radar operates by transmitting electromagnetic energy toward objects, which are referred to as targets. Modern radar systems are equipped with digital signal processors, solid-state modules, and complex A–D converters; thereby, dueling their demand majorly in the military & defense sector.

Major factors that drive the growth of the global & Asia-Pacific radar market are increase in demand for radar systems in automotive & defense industries, advancement in radar technology, and increase in territorial battles. However, adverse climatic conditions result in the malfunction of the radar systems, which hampers the market growth. Conversely, high investment from developed countries in the military sector is expected to create lucrative opportunities for the radar market.

The key players of the market focus on introducing technologically advanced products to remain competitive in the market. Expansion and acquisition are expected to be the prominent strategies adopted by the market players. The growth of the radar system market in Asia-Pacific is driven by factors such as increase in the defense budget of India and China and rise in demand for radar systems. In addition, rise in demand for modern air defense system & surveillance radar for security surveillance and reconnaissance is expected to significantly contribute toward the growth of the market during the forecast period.