Marine Radar Market by Application and Geography - Forecast and Analysis 2022-2026
- Published: Jan 2022
- Pages: 120
- SKU: IRTNTR72087
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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
"The growing boat rental market and weapons guidance application in North America will drive the demand for marine radar."
Marine Radar Market: Key Drivers, Trends, and Challenges
The technologically advanced surveillance 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 and for collision avoidance. Well, the main factor that is driving the marine radar market is the increasing demand for weapon guidance and surveillance. 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 satellite 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.
Market Overview
The parent, global aerospace & defense market covers products and companies engaged in the production of aerial platforms used under commercial and general aviation; defense platforms used under naval, land, and air domains; arms and ammunition; defense electronics; defense logistics equipment; and space platforms, equipment, and launch vehicles. One of the factors driving the marine radar market is the increasing demand for weapon guidance and surveillance. The aerospace & defense market also encompasses maintenance, overhaul, and repair (MRO) activities related to commercial and general aviation and defense sectors.
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?
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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?
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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. |
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
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Fishing vessel - Market size and forecast 2021-2026
- Merchant vessel - Market size and forecast 2021-2026
- Naval vessel - Market size and forecast 2021-2026
- Recreational vessel - Market size and forecast 2021-2026
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2021-2026
- Europe - Market size and forecast 2021-2026
- APAC - Market size and forecast 2021-2026
- South America - Market size and forecast 2021-2026
- MEA - Market size and forecast 2021-2026
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- 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.
INFORMATION 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

DATA 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

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- Japan
- Sweden
- China
- The Netherlands
- Technologically advanced systems
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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