Digital Radar Market Size Worth USD 21.32 Billion by 2032 | CAGR: 17.8%

The global digital radar market size is expected to reach USD 21.32 billion by 2032, according to a new study by Polaris Market Research. The report “Digital Radar Market Size, Share, Trends, Industry Analysis Report: By Type (Active, Passive), By Dimension, By Application, By Vertical, and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The expansion of the digital radar market is propelled by rising security concerns at national borders. Geopolitical tensions and escalating illegal activities such as smuggling, human trafficking, and unauthorized border crossings are posing threats to national security on a global scale. The rise in unauthorized border activities has created a crucial need for highly effective surveillance solutions. As a result, digital radar systems with refined detection capabilities and precision are essential for ensuring border security. These systems provide real-time data and high-resolution imagery, which enables effective monitoring and drives the growth of the digital radar market.

Additionally, private sector investment in radar technology is contributing to the expansion of the digital radar market. Companies across various industries, including aerospace, automotive, and telecommunications, have recognized the benefits of advanced radar systems and have commenced investment in radar technologies. Consequently, the influx of private capital is catalyzing technological progress and broadening the digital radar market.

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Recent advancements in digital radar technology, such as enhanced high-resolution imaging and seamless integration with AI, have led to the emergence of highly precise, reliable, and adaptable radar systems. Market participants are actively introducing innovative radar solutions to cater to the surging demand across various industries. The launch of technologically refined products has garnered considerable engagement and investment, thereby accelerating the development and adoption of digital radar solutions. Consequently, the increased frequency of technological product launches is bolstering the digital radar market growth.

Digital Radar Market Report Highlights

• In 2023, the safety segment held the highest revenue share in the digital radar market because of the increasing focus on safety features in various sectors, such as automotive and aerospace.
• The military & defense segment of the market is anticipated to experience significant growth due to the rise in government expenditure on defense capabilities. Governments across the globe are allocating substantial funds to support operational, maintenance, and research and development (R&D) initiatives.
• The North American digital radar market held the dominant revenue share because of the increasing utilization of radars in UAVs (Unmanned Aerial Vehicles) and drones.
• The China digital radar market is projected to grow substantially due to the increasing government initiatives and projects aimed at fortifying the nation's defense capabilities.
• The global key market players are Advanced Micro Devices, Inc., Ainstein, Arbe, BAE Systems, Bharat Electronics Limited (BEL), Elbit Systems Ltd., IAI, Indra, Leonardo Group, Lockheed Martin Corporation, Magna International Inc., Northrop Grumman Corporation, NXP Semiconductors, OBSERVATION WITHOUT LIMITS, LLC, RTX, Saab AB, Teledyne FLIR LLC, Thales, Uhnder, and Vayyar.

Polaris Market Research has segmented the digital radar market report based on type, dimension, application, vertical, and region:

Digital Radar, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Active
• Passive

Digital Radar, Dimension Outlook (Revenue - USD Billion, 2019 - 2032)

• 2D & 3D
• 4D

Digital Radar, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Safety
• Security & Surveillance
• Others

Digital Radar, Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

• Automotive
• Aerospace
• Military & Defense
• Others

Digital Radar, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of APAC

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of MEA

Digital Radar Report Scope: