Digital Radar Market 2030: What Will Be Changes In Investment Ratio With Opportunity Analysis??

A Better Approach To Digital Radar Industry

San Francisco, 17 September 2024: The Report Digital Radar Market Size, Share & Trends Analysis Report By Type (Active, Passive), By Dimension (2D, 3D, 4D), By Application, By End Use (Automotive, Defense & Aerospace), By Region, And Segment Forecasts, 2024 - 2030

The global digital radar market size was estimated at USD 5.25 billion in 2023 and is expected to grow at a CAGR of 17.6% from 2024 to 2030. Technological advancements in signal processing, antenna design, and software algorithms have enabled the development of more sophisticated and capable digital radar systems, which is majorly contributing to the market growth. The increasing demand for surveillance and security applications, driven by factors such as terrorism, climate change, and border control concerns, is further fueling the market growth.

The digital radar market is witnessing considerable growth with the increasing demand across the defense sector. The integration of digital radar technology with other systems, such as command and control centers and intelligence platforms, has expanded its applications and enhanced its value proposition. Moreover, the growing focus on automation and unmanned systems has created new opportunities for digital radar technology in areas such as autonomous vehicles and drone operations.

 

The increasing government investments aimed at strengthening military capabilities with the adoption of advanced technologies is opening remunerative growth avenues for digital radar industry. For instance, in August 2024, Saab AB received a nearly USD 68 million order from the Swedish Defence Materiel Administration for the Giraffe 1X radar. The order includes Giraffe 1X radar, integration to Swedish Ground Based Air Defence (GBAD) solutions, and required command and control systems.

The ongoing expansion of the automotive sector is significantly contributing to the market growth on account of the advancements in vehicle safety and driver assistance systems. Radar sensors are used in a variety of automotive applications, including adaptive cruise control, blind spot monitoring, and lane departure warning systems. As the automotive industry continues to prioritize safety and autonomous driving technologies, the demand for advanced digital radar systems is expected to grow further, favoring the market expansion over the foreseeable future. 

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Key Digital Radar Company Insights

Some of the key players operating in digital radar market are Saab AB, Northrop Grumman, Boeing, NXP Semiconductors N.V., and Advanced Micro Devices, Inc.

  • Northrop Grumman delivers a broad range of products, services, and solutions to the U.S. and global customers, mainly to the U.S. Department of Defense (DoD) and intelligence community. The company’s major segments include aeronautics systems, defense systems, mission systems, and space systems.
  • Saab AB is a defense and security company designing, manufacturing, and maintaining advanced systems in aeronautics, command and control, weapons, sensors, and underwater systems. It has major operations globally and is part of the domestic defense capability of several nations. The company’s major segments include Aeronautics, Dynamics, Surveillance, Kockums, Combitech, and Corporate.
  • NXP Semiconductors N.V. provides innovative solutions for industrial & IoT, automotive, mobile, and communications infrastructure markets. The company delivers advanced semiconductor solutions that enable secure connections and enhance efficiency in various applications, contributing to the advancements of connected ecosystems worldwide.
  • Advanced Micro Micro Devices, Inc. designs and manufactures high-performance graphics, computing, and visualization technologies. The company's products find applications in automotive, aerospace & defense, education, healthcare & sciences, industrial & vision, media & entertainment, consumer electronics, supercomputing, etc. It caters to original design manufacturers, OEMs, system integrators, public cloud service providers, independent distributors, and other contract manufacturers.

 

Recent Developments

  • In August 2024, Northrop Grumman announced successful flight of Electronically Scanned Multifunction Reconfigurable Integrated Sensor (EMRIS) on a U.S. military aircraft. Through this development, the company displayed new digital radar capability that will enable jets to avoid a wider array of threats in future. EMRIS is an electronically scanned array and has become far more robust due to improvements in chip design and information technology.
  • In January 2024, NXP Semiconductors N.V. launched SAF86xx, an addition to its automotive radar one-chip range. The latest chip integrates high-performance radar transceiver, a MACsec hardware engine, and a multi-core radar processor to deliver enhanced and secure data communication over Automotive Ethernet. Integrated with the company’s high-performance S32 processors, power management, and vehicle network connectivity, this entire system paves way for high-end software-defined radar.  
  • In Aril 2023, UHNDER Inc. partnered with advanced radar solution provider bitsensing with an aim to develop 4D digital imaging radar to effectively cater to the changing demands of some of the major OEMs in South Korea, to enhance safety on the roads. Through this new system, the company intends to enable advanced safety features, such as adaptive cruise control, automatic emergency braking, and lane departure warning, while also improving object detection and tracking in a variety of driving conditions, including heavy rain, fog, bright sun, and snow.  

Digital Radar Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 5.92 billion

Revenue forecast in 2030

USD 15.52 billion

Growth rate

CAGR of 17.6% from 2024 to 2030

Actual data

2018 - 2023

Forecast period

2024 - 2030

Key Digital Radar Companies:

The following are the leading companies in the digital radar market. These companies collectively hold the largest market share and dictate industry trends.

  • Saab AB
  • Israel Aerospace Industries Ltd.
  • Leonardo S.p.A
  • BAE Systems plc
  • Advanced Micro Devices, Inc.
  • Thales Group
  • UHNDER Inc.
  • RTX Corporation
  • NXP Semiconductors N.V.
  • Magna International, Inc.
  • Elibit Systems Ltd.

 


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