Global 3D Radar Market in 2018: Rising Demand, Trends and Future Technology by 2024

3D radar is a device that ensures the user to attain radar coverage in three dimensions. The 2D radar is confined to providing information of range and bearing while 3D radar displays information of elevation, bearing and range. Moreover, 3D radar is largely being adopted by air force or defense for monitoring and surveillance of weather. Additionally, due to the increasing application of 3D radar in various industries is thus driving the growth of 3D radar market across the globe.

On the basis of range, the 3D radar market is categorized into long range, medium range and short range.Among all these segments, medium range segment is anticipated to witness the fastest growth during the forecast period. These 3D radars are observing extensive applications in the defense domain and provide real-time information for surveillance resolutions without relying upon high pounding classifications. Furthermore, this segment is significantly contributing towards the growth of 3D radar market across the globe.

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The emergence of electronic warfare and network-centric warfare techniques, increasing development of ballistic missile and increasing deployments of UAVs are the major factors that are driving the growth of the 3D radar market across the globe. Due to the latest developments in the technology, there have been upgradations in the warfare techniques for these techniques the 3D radars are used. Further, the UAV systems are used for aerial vehicles that comprise a radar system to analyze the surroundings in the atmosphere. Moreover, these factors are thereby anticipated to provide rampant growth to the 3D radar market globally at an extensive rate.

Geographically, North America is the largest 3D radar market, globally due to the increasing deployment of ballistic missiles and increasing utilization of UAVs in this region. Furthermore, it has been observed that increasing adoption of latest warfare techniques with the advanced equipment and increasing investments in defense is another reason for the growth of the 3D radar market in this region. Moreover, Asia-Pacific is anticipated to witness the fastest growth during the forecast period due to increasing developments in security standards and the increasing surveillance and monitoring of global threats. 

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Key players in 3D radar market are implementing acquisition activities in order to provide new capability to its users. For instance, in 2017 Thales had acquired Aveillant in order to enhance its product portfolio and gain competitive edge. Some of the key players in the 3D radar market across the globe include ASELSAN A.S.,Northrop Grumman Corporation, Raytheon Company, Honeywell International Inc.,Harris Corporation, Thales Group, SAAB Group, Rheinmetall AG, ELTA Systems Ltd,Airbus Defense and Space, and BAE Systems Plc.

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