Market Overview:
The global marine radar market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for maritime security and safety, rising number of cruise ships, and increase in trade activities across different regions. Based on type, the global marine radar market is segmented into X band radar and S band radar. The X band radar segment is expected to hold a larger share of the market during the forecast period owing to its high detection range and better performance in adverse weather conditions as compared to S band radars. Based on application, the global marine radar market is segmented into merchant marine, fishing vessel, yacht/recreational boat, military naval vessel, and other applications. The merchant marine segment accounted for a major share of the global marine radar market in 2017 due to increasing maritime trade activities across different regions.
Product Definition:
A Marine Radar is a device used on boats and ships to detect objects in the water surrounding the vessel. Marine Radars emit pulses of microwave energy that reflect off objects in the water and are then received by the Radar antenna. The time it takes for the pulse to be transmitted and reflected back can be used to calculate the distance between the object and ship. Marine Radars can also display a graphical representation of what is being seen on a screen, allowing operators to identify potential hazards.
X Band Radar:
X-band radar is a type of radar system used for detecting ships and boats. It operates in the X-band between 30 GHz to 300 GHz. The term “X band” is often used interchangeably with the term “high bandwidth” which can be either general or specific, depending on context. A high bandwidth (HB) X-band radar system has an ability to detect targets at a range of up to approximately 60 miles (100 km).
S Band Radar:
S band radar is a type of radar system used for detecting ships and other marine objects. It operates in the S-band which has a frequency between 3 to 6 GHz. The range of this S band radar is about 150 Km with an accuracy of about 30 Km.
Application Insights:
The military and naval application segment dominated the global marine radar market in 2017, accounting for a revenue share of over 45%. The segment is expected to witness significant growth on account of increasing defense expenditure by countries such as China, Japan, South Korea and Taiwan. These countries are investing heavily in developing their maritime capabilities owing to increased tension between major powers resulting in rise in border issues. This factor is likely to fuel the demand for advanced radar systems during the forecast period.
The fishing vessel application segment accounted for a significant revenue share within merchant marine applications and was valued at USD 281 million in 2017 due to high adoption rate among large commercial fishermen operating across various regions including North America, Europe and Asia Pacific.
Regional Analysis:
North America dominated the global marine radar market in terms of revenue share in 2017. The growth is attributed to the presence of prominent players such as Raytheon Company; Lockheed Martin Corporation; and General Dynamics, Inc. Moreover, increasing demand for cruise ships across U.S., Canada, and Mexico has led to an increase in shipbuilding activities which is expected to drive regional product demand over the forecast period.
Asia Pacific region is anticipated to witness significant growth over the next eight years owing to rising maritime disputes & accidents coupled with growing terrorist threats at sea that have compelled governments across countries including China and India are increasingly focusing on strengthening their naval capabilities are likely boost regional product demand over the forecast period.
Growth Factors:
- Increasing demand for marine radar systems from the commercial shipping sector to enhance navigational safety.
- Proliferation of advanced digital signal processing technologies that offer enhanced performance and features in marine radar systems.
- Growing popularity of maritime surveillance and security applications requiring the deployment of marine radars for coastal and port security purposes.
- Rising investments by governments worldwide in upgrading their naval fleets with advanced radar systems capable of detecting stealth targets at long ranges 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Radar Market Research Report
By Type
X Band Radar, S Band Radar
By Application
Merchant Marine, Fishing Vessel, Yacht/Recreational, Military Naval
By Companies
Furuno, Lockheed Martin, Northrop Grumman, Raytheon, Saab, Japan Radio, Bae, Johnson, Alphatron Marine, Garmin, Furuno
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Marine Radar Market Report Segments:
The global Marine Radar market is segmented on the basis of:
Types
X Band Radar, S Band Radar
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Merchant Marine, Fishing Vessel, Yacht/Recreational, Military Naval
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Furuno
- Lockheed Martin
- Northrop Grumman
- Raytheon
- Saab
- Japan Radio
- Bae
- Johnson
- Alphatron Marine
- Garmin
- Furuno
Highlights of The Marine Radar Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- X Band Radar
- S Band Radar
- By Application:
- Merchant Marine
- Fishing Vessel
- Yacht/Recreational
- Military Naval
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Radar Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine radar is a type of radar used by the military and navies to detect objects at sea.
Some of the key players operating in the marine radar market are Furuno, Lockheed Martin, Northrop Grumman, Raytheon, Saab, Japan Radio, Bae, Johnson, Alphatron Marine, Garmin, Furuno.
The marine radar market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Radar Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Radar Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Radar Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Radar Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Radar Market Size & Forecast, 2020-2028
4.5.1 Marine Radar Market Size and Y-o-Y Growth
4.5.2 Marine Radar Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 X Band Radar
5.2.2 S Band Radar
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Merchant Marine
6.2.2 Fishing Vessel
6.2.3 Yacht/Recreational
6.2.4 Military Naval
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Radar Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Radar Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 X Band Radar
9.6.2 S Band Radar
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Merchant Marine
9.10.2 Fishing Vessel
9.10.3 Yacht/Recreational
9.10.4 Military Naval
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 X Band Radar
10.6.2 S Band Radar
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Merchant Marine
10.10.2 Fishing Vessel
10.10.3 Yacht/Recreational
10.10.4 Military Naval
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 X Band Radar
11.6.2 S Band Radar
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Merchant Marine
11.10.2 Fishing Vessel
11.10.3 Yacht/Recreational
11.10.4 Military Naval
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 X Band Radar
12.6.2 S Band Radar
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Merchant Marine
12.10.2 Fishing Vessel
12.10.3 Yacht/Recreational
12.10.4 Military Naval
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 X Band Radar
13.6.2 S Band Radar
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Merchant Marine
13.10.2 Fishing Vessel
13.10.3 Yacht/Recreational
13.10.4 Military Naval
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Radar Market: Competitive Dashboard
14.2 Global Marine Radar Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Furuno
14.3.2 Lockheed Martin
14.3.3 Northrop Grumman
14.3.4 Raytheon
14.3.5 Saab
14.3.6 Japan Radio
14.3.7 Bae
14.3.8 Johnson
14.3.9 Alphatron Marine
14.3.10 Garmin
14.3.11 Furuno
