3D radar market value is likely to showcase a steady increase during the forecast timeframe of 2023-2032 due to the rising preference for these devices in Air Traffic Management (ATM) to ensure the safe and collision-free operation of aircraft.
The technology enables users to detect and track airplanes without the help of an operative Secondary Surveillance Radar (SSR) transponder. Factors, such as extreme weather conditions and natural or manmade disruptions do not interfere with the positioning and detection capabilities of 3D radar systems. These systems also consist of a weather processor that provides accurate weather information, which is required for the efficient and safe management of air traffic.
Governments are boosting their expenditure on military warfare systems, which is anticipated to have a favorable impact on 3D radar industry forecast. The U.S. government spent USD 934 billion on military purchases from its budget between October 2020 and September 2021, making it the second-largest item of expenditure. The need for advanced military radars to conduct critical missions is growing among the armed forces, further fueling industry growth.
Many reputed companies are focusing on developing innovative military products that are equipped with 3D radar devices to expand their market footprint. For example, in November 2021, Thales announced the launch of the GM400 Alpha, a 3D, long-range air surveillance radar, as the latest addition to its Ground Master family radar portfolio.
The Russia- Ukraine war was instrumental in boosting the demand for 3D radar systems as the countries’ armed forces needed weapons and air surveillance systems equipped with innovative remote sensing technologies. 3D radar systems helped governments locate stranded citizens during attacks and played a crucial role in assisting the disaster management teams in reaching critical venues on time to offer the required medical aid and other vital facilities.
Based on platform, the 3D radar market share from the airborne segment is expected to grow considerably over the coming years, due to its robust adoption in small Unmanned Aircraft Systems (UASs). The aircraft is mainly used for conducting advanced military surveys and surveillance operations. 3D radar solutions provide UAS operators with a common operating view to get a visual analysis of the air traffic and keep unmanned aircraft away from nearby ones. Defense ministries in prominent nations are also taking important steps to fortify their air defense capabilities. For example, in October 2022, the UAE installed an air defense system made in Israel to boost the country’s protection against a wide range of Iranian drones and missiles. Such initiatives are anticipated to augment the demand for airborne 3D radar systems.
Short-range and lightweight 3D radar market revenue is predicted to register robust growth by 2032. Autonomous vehicles are gaining immense popularity among the urban population. Governments are also enacting new laws to promote the manufacturing of these automobiles.
For example, in July 2021, the German government passed the Autonomous Driving Act, making it the first country in the world to allow the rollout of L4 autonomous vehicles on public roads without the need for a human backup safety driver in the car. Short range radar systems are widely used in these automobiles, which will propel the deployment of the technology. These systems are a vital component in Autonomous Driving Assistance Systems (ADAS) to improve a vehicle’s safety, thereby fueling 3D radar industry development.
Asia Pacific 3D radar market is estimated to capture a major revenue share by 2032. The transportation of goods through marine routes in the Arabian Sea and the Indian Ocean will increase the need for advanced radars. Countries across the APAC region are investing heavily in innovative radar technologies to improve their defense systems and strengthen their national security measures.
For example, in October 2022, the Japanese Embassy in the Philippines announced that its government would supply one mobile and 3 fixed long-range radar systems to the Philippine government. The contract between the two countries was valued at USD 103.5 million. Such strategic plans will accelerate the development of the regional 3D radar industry.
Some of the most prominent participants in the 3D radar market include Northrop Grumman Corporation, Thales Group, Raytheon Technologies, BAE Systems PLC, and Airbus Defense & Space, among others. These organizations are developing high-performance products integrated with cutting-edge technologies designed for several applications to increase their market share.
For example, Raytheon Intelligence & Space, a division of Raytheon Technologies, introduced an Active Electronically Scanned Array (AESA) radar in September 2021, designed to be lightweight, compact, and affordable. The radars are meant to be used in a variety of land, sea, and air applications and weigh a little over 100 pounds, making them an ideal and compact solution for varied platforms without compromising on capability.