Global Marine Radar Market to Reach USD 5,582.31 Million by 2032 | CAGR of 6.2%
Category : Aerospace and Defence | Published Date : Jan 2025 | Type : Press Release
Marine Radar Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Marine Radar Market was valued at USD 3,460.55 million in 2024 and is projected to grow at a CAGR of 6.2%, reaching USD 5,582.31 million by 2032. Marine radar systems are essential navigation and safety tools used in vessels for detecting other ships, obstacles, and landmasses to prevent collisions and support safe maritime operations. These systems are widely adopted in commercial, military, and fishing vessels for surveillance, weather monitoring, and navigation. The rising global maritime trade, increasing demand for advanced radar technology, and growing emphasis on safety in marine transportation are key drivers propelling market growth.
The report comprises the Marine Radar Market Share, Size & Industry Analysis, based on Type (X-Band Radar, S-Band Radar), Component (Antennas, Transmitters, Receivers, Displays, Processors, Others), Application (Navigation, Surveillance, Collision Avoidance, Weather Monitoring, Others), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2025-2032.
The report contains detailed information on Marine Radar Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The increasing demand for advanced navigation and collision avoidance systems in commercial and naval vessels is a major factor driving the growth of the marine radar market. Additionally, the integration of artificial intelligence (AI) and machine learning in radar systems presents significant opportunities for improving real-time data processing and enhancing maritime safety.
Segmental Analysis :
Based on type, the market is segmented into X-Band Radar and S-Band Radar.
- X-Band Radar dominated the market in 2024 due to its high-frequency capabilities, providing detailed imaging for navigation and collision avoidance, especially in coastal and high-traffic zones.
- S-Band Radar is projected to grow at the fastest CAGR, driven by its superior long-range surveillance and weather monitoring capabilities, offering better performance in adverse weather conditions like heavy rain and fog.
Based on component, the market is segmented into Antennas, Transmitters, Receivers, Displays, Processors, and Others.
- Antennas held the largest market share in 2024, owing to their critical role in transmitting and receiving radar signals, enhanced by advancements in phased-array technology for high-resolution imaging and long-range detection.
- Processors are anticipated to register the fastest growth, driven by increasing integration of AI and machine learning technologies for real-time data analysis and improved decision-making in vessel navigation.
Based on application, the market is segmented into Navigation, Surveillance, Collision Avoidance, Weather Monitoring, and Others.
- Navigation accounted for the largest revenue share of 35.5% in 2024, supported by high adoption in commercial vessels and naval ships for route mapping and operational safety.
- Weather Monitoring is expected to grow at the fastest CAGR, fueled by the rising need for real-time weather data and advanced radar systems for predicting adverse weather conditions.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific led the market in 2024, valued at USD 1,019.16 million, with China accounting for 36.1% of the regional share, driven by expanding maritime activities in China, Japan, and India.
- North America is projected to reach over USD 1,809.23 million by 2032, supported by robust maritime infrastructure and high adoption of advanced radar technologies for safety and navigation.
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 | USD 5,582.31 Million |
| CAGR (2025-2032) | 6.2% |
| Type | X-Band Radar, S-Band Radar |
| Component | Antennas, Transmitters, Receivers, Displays, Processors, Others |
| Application | Navigation, Surveillance, Collision Avoidance, Weather Monitoring, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Marine Radar Industry:
- Raytheon Technologies (USA)
- Northrop Grumman Corporation (USA)
- SAAB AB (Sweden)
- Furuno Electric Co., Ltd. (Japan)
- Thales Group (France)
- Leonardo S.p.A. (Italy)
- Lockheed Martin Corporation (USA)
- JRC (Japan Radio Co., Ltd.) (Japan)
- Bharat Electronics Limited (India)
- Kongsberg Gruppen (Norway)
Recent Industry Developments :
- April 2024: Wärtsilä ANCS launched the NACOS Platinum Solid State X-Band Radar, introducing solid-state technology to improve maritime safety with adaptive pulse transmission, advanced signal processing, and enhanced hazard detection.
- October 2023: Furuno Electric Co., Ltd. introduced its next-generation Doppler Radar System, offering enhanced target tracking and collision avoidance features for commercial and naval vessels.
- June 2023: Northrop Grumman Corporation secured a contract to supply advanced radar systems for naval operations, focusing on long-range surveillance and weather monitoring.
