[Redding, California]: As per the latest insights unveiled by Meticulous Research®, the global solid state radar market is poised for substantial growth, anticipated to hit a valuation of $3.3 billion by 2030, boasting a notable Compound Annual Growth Rate (CAGR) of 7.5% spanning from 2023 to 2030. This surge is primarily steered by an escalating demand for advanced weather monitoring radar and an increasing requisition for solid state phased array radar systems within the defense sector. However, challenges pertaining to high manufacturing costs may exert a mild constraining influence on the market’s trajectory. Nevertheless, the burgeoning demand for 3D solid-state radars alongside air surveillance radars is envisaged to furnish lucrative growth avenues for stakeholders entrenched within the solid state radar market.
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Market Dynamics and Segmentation Insights
The global solid state radar market is meticulously segmented based on various parameters to provide a comprehensive understanding of the landscape.
Frequency Band: The market is bifurcated into S-band, X-band, L-band, C-band, Ka-band, Ku-band, and other bands [N band, W band]. Notably, the S-band segment dominates the market owing to its efficacy in specialized applications like weather penetration and long-range bird detection.
Dimension: Segmented into 2D, 3D, and 4D, with the 3D segment reigning supreme in 2023, driven by escalating demands for weather monitoring, defense, and surveillance applications.
Waveform: Doppler and frequency-modulated continuous wave (FMCW) are the two major segments, with the former capturing a significant market share in 2023 due to its versatility in velocity data production and popularity in weather radar systems.
Application: The market caters to airspace monitoring & surveillance, weather monitoring, collision warning, navigation, and airport perimeter security, with airspace monitoring & surveillance spearheading the market share and growth trajectory.
End User: Targeting automotive, aviation, military & defense, meteorology institutes, and other end users, with the aviation segment commanding the largest share in 2023, primarily driven by the exigency for precision approach guidance and situational awareness enhancement.
Geography: The market spans across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with North America leading the charge, buoyed by surging demands for solid-state phased array radar systems in defense and advanced weather monitoring radar systems.
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Key Players
A constellation of prominent entities shapes the competitive landscape of the global solid state radar market, including Thales Group, Honeywell International Inc., Raytheon Technologies Corporation, GARMIN LTD., Indra Sistemas, S.A., Japan Radio Co., Ltd., ICS Technologies, Inc, Terma Group, Reutech Radar Systems, FURUNO ELECTRIC CO., LTD., BAE Systems plc, Blighter Surveillance Systems Limited, GEM Elettronica, ELBIT SYSTEMS LTD., and Lockheed Martin Corporation.
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