3D Radar Market size is likely to experience high growth during 2021 to 2027 due to increasing adoption of three-dimensional radars in Air Traffic Management (ATM) for maintaining safe and collision-free operation. The technology enables detection and tracking of aircraft without an operative Secondary Surveillance Radar (SSR) transponder. The 3D position and detection capabilities can be achieved under extreme conditions of weather and natural or man-made interference. 3D radar also includes a weather processor that provides weather information required for safe air traffic control management.
The increasing spending in military warfare systems is anticipated to positively impact the 3D radar market. The military spending is the second-largest item in the U.S. with federal budget of USD 934 billion between October 2020 and September 2021. The demand for advanced military radars to conduct expeditionary operations is growing among armies. Several leading market players are focusing on offering advanced products for military, adding significant value to the 3D radars market. For instance, in September 2019, Saab AB installed its Giraffe 1X Radar on Supacat Jackal Vehicle for military applications. The lightweight 3D radar is designed for ground-based air defense role with a mounted and dismounted option.
The ongoing coronavirus (COVID-19) pandemic negatively impacted the industry in 2020. The lockdowns and government restrictions on public gatherings hampered research & development activities in 3D radars. As governments mainly shifted toward economic recovery, industries experienced reduction in quantity of order for 3D radars. The production of 3D radar has been adversely impacted due to COVID-19 pandemic, as industries experienced labor shortage issues. Also, the cancellation of several military exercises globally, adversely impacted the demand for radars in military applications. However, post COVID-19, the market is predicted to witness a significant growth as several countries are focusing on procuring radars for safety of their forces.
Airborne 3D radar market is expected to witness high growth through 2027 owing to its increased adoption in small Unmanned Aircraft Systems (UASs). The aircraft is widely used for advanced military surveys and surveillance operations. The 3D radar provides a common operating view to UAS operators for visualizing air traffic and keeping an unmanned aircraft clear of nearby aircraft. The defense ministries of several countries are increasingly deploying these radars to strengthen their national air defense systems. For instance, in December 2018, The Lithuanian Defense Ministry deployed two long-range 3D radars in Southern and Western Lithuania for conducting air surveillance tasks.
The rising trend of autonomous vehicles and radar will propel the demand for 3D radar technology. The short-range and lightweight 3D radar market is witnessing wide adoption in automobile applications. These radars are mainly used as a critical sensor system in Autonomous Driving Assistance Systems (ADAS) for vehicles’ safety. Companies are increasingly investing in these radars impelled by rising demand from automobile sectors. For instance, in April 2020, Cognitive Pilot, an autonomous driving technology joint venture between Cognitive Technologies Group and PJSC Sberbank, developed a miniature radar sensor for autonomous vehicles that weighs 40 grams.
Asia Pacific is estimated to witness major revenue share in 3D radar market. Rise in marine transport of goods in the Indian Ocean and the Arabian Sea will propel the need for advanced radars. Also, increasing border tensions among the neighboring nations are expected to boost market growth. For instance, India and China are competing to build infrastructure along the border that is known as the Line of Actual Control. India's construction of a new road to a high-altitude air base is expected to be one of the main triggers for a clash with Chinese troops in June 2020, that killed 20 Indian soldiers. This has encouraged the governments to increase their defense budget and invest in 3D radar technology.
The key 3D radar market players are Northrop Grumman Corporation, Raytheon Company, Thales Group, BAE Systems PLC and Airbus Defense and Space among others. These players are offering high performance and innovative products integrated with cutting-edge technologies. The players are also introducing products for several applications to increase their market share.
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