0

Marine Radar Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR72087
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The marine radar market share is expected to increase by USD 147.29 million from 2021 to 2026, at a CAGR of 3.59%.

This marine radar market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers marine radar market segmentation by application (fishing vessel, merchant vessel, naval vessel, and recreational vessel) and geography (North America, Europe, APAC, South America, and MEA). The marine radar market report also offers information on several market vendors, including BAE Systems Plc, Dassault Aviation Group, General Dynamics Corp., Honeywell International Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, and Thales Group among others.

What will the Marine Radar Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Marine Radar Market Size for the Forecast Period and Other Important Statistics

 

Marine Radar Market: Key Drivers, Trends, and Challenges

The technologically advanced systems is notably driving the marine radar market growth, although factors such as adverse climatic conditions may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the marine radar industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Marine Radar Market Driver

One of the key factors driving the global marine radar market growth is the technologically advanced systems. Advanced radar systems are utilized for digital signal processing that can recover information from high noise levels, making the radars an intrinsic source of random changes in the signal generated by all electronic components. Radars are incorporated with a comprehensive array of marine equipment aboard commercial ships, including chart plotters, sonar, two-way marine radio, satellite navigation (GNSS) receivers such as the US global positioning system (GPS), and emergency locators (SART). Adoption of these advanced radars and a significant increase in the defense budget will positively impact the market in focus during the forecast period.

Key Marine Radar Market Trend

Navigation aid is another key factor driving the global marine radar market growth. Accidents at sea can be avoided with the use of ship radar by utilizing the radar's multiple intrinsic features (determining the CPA and the TCPA, EBL,  and VRM). However, even while the ships are parked at the harbor, the coast guard, VTS, and other authorities can utilize these radars to monitor activity in the narrow radar range. The ship radar features a screen (called the Plan Position Indicator) that displays all of the targets within the radar range. Because all of the items are clearly visible on the screen, navigating and monitoring the ship's location becomes much more practical, thus the phrase 'assist to navigation.

Key Marine Radar Market Challenge

One of the major challenges to the global marine radar market growth is the adverse climatic conditions such as rain which can produce echo signals that obscure the desired target echoes. Radar waves bend as they travel through the atmosphere due to the reduction in density of the Earth's atmosphere as altitude increases, which boosts the detection range at low angles. The atmosphere can generate "ducts" that capture and channel radar energy around the curvature of Earth that allows detection at ranges beyond the normal horizon. Ducts can sometimes extend the range of airborne radar, but they can also cause radar radiation to be deflected and not illuminate regions beneath the ducts. Ducting might be more of a bother than aid in some situations because it is unpredictable and unreliable, which may limit the adoption of radars, thereby negatively impacting the market in focus during the forecast period.

This marine radar market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global marine radar market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the marine radar market during the forecast period.

Who are the Major Marine Radar Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BAE Systems Plc
  • Dassault Aviation Group
  • General Dynamics Corp.
  • Honeywell International Inc.
  • L3Harris Technologies Inc.
  • Lockheed Martin Corp.
  • Northrop Grumman Corp.
  • Raytheon Technologies Corp.
  • Saab AB
  • Thales Group

 

This statistical study of the marine radar market encompasses successful business strategies deployed by the key vendors. The marine radar market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • BAE Systems Plc - The company offers marine radars such as AWS-10 2D, Artisan radar, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The marine radar market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Marine Radar Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the marine radar market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global aerospace and defense market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Marketing and sales
  • Aftermarket and service
  • Industry innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Marine Radar Market?

For more insights on the market share of various regions Request for a FREE sample now!

31% of the market’s growth will originate from North America during the forecast period. The US is the key market for marine radar in North America. Market growth in this region will be faster than the growth of the market in Europe, South America, and MEA.

The increased participation of people in water-related recreational activities in countries such as the US and Canada will facilitate the marine radar market growth in North America over the forecast period will facilitate the marine radar market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans. 

COVID Impact and Recovery Analysis

The emergence of the COVID-19 pandemic in 2020 became a worldwide disaster. The production process has come to a halt due to the lockdown restrictions, which disrupted the complete supply chain of pulse radar systems. The marine radar market is expected to be negatively impacted due to a scarcity of labor, unprecedented closure of automotive activities in the industrial sector, and a transit prohibition in reaction to the crisis. Because of the foreign commerce prohibition and the tourism sector lockup, the entire marine radar market revenue has suffered a large demand gap.

What are the Revenue-generating Application Segments in the Marine Radar Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The marine radar market share growth by the fishing vessel segment will be significant during the forecast period. The increase in demand for the fishing radar that detects reflected pulses of sound energy owing to its popularity in commercial, artisanal, and recreational fishing will drive the growth in this segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the marine radar market size and actionable market insights on post COVID-19 impact on each segment.

 

Marine Radar Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 3.59%

Market growth 2022-2026

$ 147.29 million

Market structure

Fragmented

YoY growth (%)

3.97

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 31%

Key consumer countries

US, Japan, Sweden, China, and The Netherlands

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BAE Systems Plc, Dassault Aviation Group, General Dynamics Corp., Honeywell International Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, and Thales Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Marine Radar Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive marine radar market growth during the next five years
  • Precise estimation of the marine radar market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the marine radar industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of marine radar market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

1. Executive Summary                        

              1.1 Market Overview

                             Exhibit 01:  Key Finding 1

                             Exhibit 02:  Key Finding 2

                             Exhibit 03:  Key Finding 3

                             Exhibit 04:  Key Finding 5

                             Exhibit 05:  Key Finding 6

                             Exhibit 06:  Key Finding 7

                             Exhibit 07:  Key Finding 8

2. Market Landscape            

2.1 Market ecosystem            

                             Exhibit 08  Parent market

                             Exhibit 09:  Market characteristics

              2.2 Value Chain Analysis         

                             Exhibit 10:  Value Chain Analysis: Aerospace and defense

                             2.2.1  Inputs

                             2.2.1.1  Raw material suppliers

                             2.2.1.2  Tier-3 suppliers

                             2.2.1.3  Tier-2 suppliers

                             2.2.1.4  Tier-1 suppliers

                             2.2.2   Inbound logistics

                             2.2.3   Operations

                             2.2.4   Marketing and sales

                             2.2.5   Aftermarket and service

                             2.2.6   Industry innovation

3. Market Sizing                     

              3.1 Market definition

                             Exhibit 11:  Offerings of vendors included in the market definition

              3.2 Market segment analysis 

                             Exhibit 12:  Market segments

              3.3 Market size 2021 

              3.4 Market outlook: Forecast for 2021 - 2026 

                             Estimating growth rates for emerging and high-growth markets

                             Estimating growth rates for mature markets

                             Exhibit 13:  Global - Market size and forecast 2021 - 2026 ($ million)

                             Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis                        

              4.1 Five Forces Summary       

                             Exhibit 15:  Five forces analysis 2021 & 2026

              4.2 Bargaining power of buyers          

                             Exhibit 16: Bargaining power of the buyer

              4.3 Bargaining power of suppliers      

                             Exhibit 17: Bargaining power of the supplier

              4.4 Threat of new entrants    

                             Exhibit 18: Threat of new entrants

              4.5 Threat of substitutes        

                             Exhibit 19: Threat of substitutes

              4.6 Threat of rivalry  

                             Exhibit 20: Threat of rivalry

              4.7 Market condition

                             Exhibit 21: Market condition - Five forces 2021

5. Market Segmentation by  Application      

5.1 Market segments

                             Exhibit 22:  Application- Market share 2021-2026 (%)

              5.2 Comparison by Application            

                             Exhibit 23:  Comparison by Application

              5.3 Fishing vessel - Market size and forecast 2021-2026           

                             Exhibit 24:  Fishing vessel - Market size and forecast 2021-2026 ($ million)

                             Exhibit 25:  Fishing vessel - Year-over-year growth 2021-2026 (%)

              5.4 Merchant vessel - Market size and forecast 2021-2026      

                             Exhibit 26:  Merchant vessel - Market size and forecast 2021-2026 ($ million)

                             Exhibit 27:  Merchant vessel - Year-over-year growth 2021-2026 (%)

              5.5 Naval vessel - Market size and forecast 2021-2026

                             Exhibit 28:  Naval vessel - Market size and forecast 2021-2026 ($ million)

                             Exhibit 29:  Naval vessel - Year-over-year growth 2021-2026 (%)

              5.6 Recreational vessel - Market size and forecast 2021-2026 

                             Exhibit 30:  Recreational vessel - Market size and forecast 2021-2026 ($ million)

                             Exhibit 31:  Recreational vessel - Year-over-year growth 2021-2026 (%)

              5.7 Market opportunity by Application            

                             Exhibit 32:  Market opportunity by Application

6. Customer landscape                       

                             Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                             Exhibit 33:  Customer landscape

7. Geographic Landscape                   

              7.1 Geographic segmentation

                             Exhibit 34:  Market share by geography 2021-2026 (%)

              7.2 Geographic comparison  

                             Exhibit 35:  Geographic comparison

              7.3 North America - Market size and forecast 2021-2026          

                             Exhibit 36:  North America - Market size and forecast 2021-2026 ($ million)

                             Exhibit 37:  North America - Year-over-year growth 2021-2026 (%)

              7.4 Europe - Market size and forecast 2021-2026         

                             Exhibit 38:  Europe - Market size and forecast 2021-2026 ($ million)

                             Exhibit 39:  Europe - Year-over-year growth 2021-2026 (%)

              7.5 APAC - Market size and forecast 2021-2026            

                             Exhibit 40:  APAC - Market size and forecast 2021-2026 ($ million)

                             Exhibit 41:  APAC - Year-over-year growth 2021-2026 (%)

              7.6 South America - Market size and forecast 2021-2026          

                             Exhibit 42:  South America - Market size and forecast 2021-2026 ($ million)

                             Exhibit 43:  South America - Year-over-year growth 2021-2026 (%)

              7.7 MEA - Market size and forecast 2021-2026             

                             Exhibit 44:  MEA - Market size and forecast 2021-2026 ($ million)

                             Exhibit 45:  MEA - Year-over-year growth 2021-2026 (%)

              7.8 Key leading countries       

                             Exhibit 46:  Key leading countries

              7.9 Market opportunity by geography

                             Exhibit 47:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                 

              8.1 Market drivers     

                             8.1.1   Technologically advanced systems

                             8.1.2   A large defense budget as a result of an increase in security-related issues

                            8.1.3   Rise in marine tourism

              8.2 Market challenges             

                             8.2.1   Adverse climatic conditions

                             8.2.2   The volatile nature of raw material costs, as well as their rapid fluctuations

                             8.2.3   uncertainty in the shipbuilding industry

                             Exhibit 48:  Impact of drivers and challenges

              8.3 Market trends     

                             8.3.1   Navidation Aid

                             8.3.2   Lightweight radars

                             8.3.3   Rising demand for weapon guidance and surveillance

9. Vendor Landscape                          

              9.1 Overview

                             Exhibit 49:  Vendor landscape

              9.2 Landscape disruption       

                             Exhibit 50:  Landscape disruption

                             Exhibit 51: Industry Risk

10. Vendor Analysis              

              10.1 Vendors covered             

                             Exhibit 52: Vendors covered

              10.2 Market positioning of vendors   

                             Exhibit 52: ​Market positioning of vendors​

              10.3 BAE Systems Plc

                             Exhibit 54:  BAE Systems Plc - Overview

                             Exhibit 55:  BAE Systems Plc - Business segments

                             Exhibit 56:  BAE Systems Plc - Key offerings

                             Exhibit 57:  BAE Systems Plc - Segment focus

              10.4 Dassault Aviation Group

                             Exhibit 58:  Dassault Aviation Group - Overview

                             Exhibit 59:  Dassault Aviation Group - Business segments

                             Exhibit 60:  Dassault Aviation Group - Key offerings

              10.5 General Dynamics Corp.

                             Exhibit 61:  General Dynamics Corp. - Overview

                             Exhibit 62:  General Dynamics Corp. - Business segments

                             Exhibit 63:  General Dynamics Corp. - Key offerings

                             Exhibit 64:  General Dynamics Corp. - Segment focus

              10.6 Honeywell International Inc.       

                             Exhibit 65:  Honeywell International Inc. - Overview

                             Exhibit 66:  Honeywell International Inc. - Business segments

                             Exhibit 67:  Honeywell International Inc – Key news

                             Exhibit 68:  Honeywell International Inc. - Key offerings

                             Exhibit 69:  Honeywell International Inc. - Segment focus

              10.7 L3Harris Technologies Inc.           

                             Exhibit 70:  L3Harris Technologies Inc. - Overview

                             Exhibit 71:  L3Harris Technologies Inc. - Business segments

                             Exhibit 72:  L3Harris Technologies Inc. - Key offerings

                             Exhibit 73:  L3Harris Technologies Inc. - Segment focus

              10.8 Lockheed Martin Corp.  

                             Exhibit 74:  Lockheed Martin Corp. - Overview

                             Exhibit 75:  Lockheed Martin Corp. - Business segments

                             Exhibit 76:  Lockheed Martin Corp. - Key offerings

                             Exhibit 77:  Lockheed Martin Corp. - Segment focus

              10.9 Northrop Grumman Corp.           

                             Exhibit 78:  Northrop Grumman Corp. - Overview

                             Exhibit 79:  Northrop Grumman Corp. - Business segments

                             Exhibit 80:  Northrop Grumman Corp. – Key news

                             Exhibit 81:  Northrop Grumman Corp. - Key offerings

                             Exhibit 82:  Northrop Grumman Corp. - Segment focus

              10.10 Raytheon Technologies Corp.   

                             Exhibit 83:  Raytheon Technologies Corp. - Overview

                             Exhibit 84:  Raytheon Technologies Corp. - Business segments

                             Exhibit 85:  Raytheon Technologies Corp. - Key offerings

                             Exhibit 86:  Raytheon Technologies Corp. - Segment focus

              10.11 Saab AB            

                             Exhibit 87:  Saab AB - Overview

                             Exhibit 88:  Saab AB - Business segments

                             Exhibit 89:  Saab AB - Key offerings

                             Exhibit 90:  Saab AB - Segment focus

              10.12 Thales Group   

                             Exhibit 91:  Thales Group  - Overview

                             Exhibit 92:  Thales Group  - Business segments

                             Exhibit 93:  Thales Group -  Key news

                             Exhibit 94:  Thales Group  - Key offerings

                             Exhibit 95:  Thales Group  - Segment focus

11. Appendix                          

              11.1 Scope of the report        

                             11.1.1 ​​​​Market definition

                             11.1.2 ​​​​Objectives

                             11.1.3 ​​​​Notes and caveats

              11.2 Currency conversion rates for US$           

                             Exhibit 96: ​Currency conversion rates for US$​

              11.3 Research Methodology  

                             Exhibit 97: ​Research Methodology

                             Exhibit 98: ​​Validation techniques employed for market sizing​

                             Exhibit 99: ​​Information sources

              11.4 List of abbreviations       

                             Exhibit 100: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The marine radar market growth will increase by $147.29 million during 2021-2026.
The marine radar market is expected to grow at a CAGR of 3.59% during 2021-2026.
Technavio has segmented the marine radar market by application (Fishing vessel, Merchant vessel, Naval vessel, and Recreational vessel) and geographic (North America, Europe, APAC, South America, and MEA).
BAE Systems Plc, Dassault Aviation Group, General Dynamics Corp., Honeywell International Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, Thales Group are a few of the key vendors in the marine radar market.
North America will register the highest growth rate of 31.31% among the other regions. Therefore, the marine radar market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Japan
  • Sweden
  • China
  • The Netherlands
The key factors driving the marine radar market growth are:
  • Technologically advanced systems
The marine radar market vendors should focus on grabbing business opportunities from the fishing vessel segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Industrials
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>