Solid State Radar Market Size, Share, Industry Trends and Forecast to 2030

Solid State Radar Market Size & CAGR in 2021

The global solid state radar market had a market size of USD 1.2 billion in 2021 with a Compound Annual Growth Rate (CAGR) of 5.8%.

COVID-19 Impact on the Solid State Radar Market

The COVID-19 pandemic had a significant impact on the solid state radar market. Due to the lockdowns and restrictions imposed across various countries, the production and supply chains were disrupted, leading to a temporary slowdown in the market growth. However, with the increased focus on security and surveillance during the pandemic, the demand for solid state radar systems saw a surge in certain sectors such as defense and aerospace.

Solid State Radar Dynamics

The solid state radar market is driven by advancements in radar technology, increasing adoption of radar systems in defense and aerospace sectors, and the growing emphasis on border security and surveillance. Manufacturers are focusing on developing compact, lightweight, and high-performance solid state radar systems to cater to the evolving needs of end-users.

Segments and Related Analysis

By Application

- Military & Defense - Aerospace - Maritime - Weather Monitoring - Others

By Frequency Band

- X-Band - S-Band - L-Band - C-Band - Others

By Platform

- Ground-based - Naval - Airborne

By Component

- Transmitter - Receiver - Antenna - Signal Processor - Others

By Region Analysis

- North America - Europe - Asia Pacific - Latin America - Middle East and Africa

Key Market Players and Competitive Landscape

- Raytheon Technologies Corporation - Lockheed Martin Corporation - Thales Group - Saab Group - Hensoldt AG - Furuno Electric Co., Ltd. - Kelvin Hughes Limited - Terma A/S - ASELSAN A.Ş. - Israel Aerospace Industries Ltd.

Recent Happenings in the Solid State Radar Market

- In April 2022, Thales Group unveiled a new solid state radar system with enhanced detection capabilities for maritime applications. - Lockheed Martin Corporation announced a partnership with a leading aerospace company to develop advanced solid state radar technologies for defense applications in May 2022. - Saab Group launched a next-generation solid state radar system for air traffic control in June 2022. - Hensoldt AG received a contract to supply solid state radar systems to a European naval fleet in July 2022. - Raytheon Technologies Corporation conducted successful tests of a new solid state radar prototype for weather monitoring applications in August 2022.