Digital Radar Market is projected to grow from USD 5.9 billion in...

Digital Radar Market is projected to grow from USD 5.9 billion in 2024

نشر بتاريخ 2024-07-18 14:41:21

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Recent developments in digital radar technology highlight significant advancements and new applications across various industries.

digital radar market is projected to grow from USD 5.9 billion in 2024 and is expected to reach USD 13.7 billion by 2029, growing at a CAGR of 18.2% from 2024 to 2029.

Distributed Sensing for Military Applications: Sandia National Laboratories is developing a digital radar architecture that replaces traditional analog signal processing with digital firmware and software. This innovation allows a single sensor to perform multiple tasks, reducing the need for bulky equipment. The new system is jam-resistant, flexible, and capable of real-time data processing. It aims to enhance military operations by enabling distributed electronic warfare, intelligence, and surveillance missions using unmanned aircraft and smart weapons.
Automotive Sector Innovations: Austin-based startup Uhnder has introduced the first mass-produced 4D digital imaging radar-on-chip, which debuted in the Fisker Ocean electric SUV. This radar system offers 360-degree coverage and high-resolution detection of smaller objects, improving safety and performance in advanced driver-assistance systems (ADAS). The technology mitigates interference issues and enhances object detection accuracy in various environmental conditions.
Contract Awards for Advanced Radar Production: Lockheed Martin secured a $276 million contract from the U.S. Air Force to produce variable aperture digital radar systems. These systems are expected to provide enhanced capabilities for military aircraft, contributing to improved situational awareness and target tracking.

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These advancements illustrate the growing impact of digital radar technology in both defense and civilian sectors, with continued innovations expected to drive further improvements in performance and reliability.

Key Market Players

Major vendors in the digital radar companies include are Lockheed Martin Corporation (US), Thales (France), Indra (Spain), Leonardo S.p.A. (Italy), Bharat Electronics Limited (India), Advanced Micro Devices, Inc. (US), Magna International Inc. (Canada), NXP Semiconductors (Netherlands), Saab AB (Sweden), and Uhnder (US), among others.

1 Introduction

1.1. Study Objectives

1.2. Market Definition and Scope

1.2.1. Inclusions and Exclusions

1.3. Study Scope

1.3.1. Markets Covered

1.3.2. Geographic Segmentation

1.3.3. Years Considered for the study

1.4. Currency

1.5. Limitations

1.6. Stakeholders

1.7. Recession Impact on Digital Radar Market

2 Research Methodology

2.1. Research Data

2.1.1. Secondary Data

2.1.1.1. Major Secondary Sources

2.1.1.2. Key Data from Secondary Sources

2.1.2. Primary Data

2.1.2.1. Primary Interviews with Experts

2.1.2.2. Key Data from Primary Sources

2.1.2.3. Key Industry Insights

2.1.2.4. Breakdown of Primaries

2.2. Market Size Estimation

2.2.1. Bottom-Up Approach

2.2.1.1. Approach for Capturing Market Share by Bottom-Up Analysis (Demand Side)

2.2.2. Top-Down Approach

2.2.2.1. Approach for Capturing Market Share by Top-Down Analysis (Supply Side)

2.3. Market Breakdown and Data Triangulation

2.4. Research Assumptions

2.5. Risk Assessment

2.6. Assumptions of Recession

2.7. Limitations of Research

3 Executive Summary

4 Premium Insights

5 Market Overview

5.1. Introduction

5.2. Market Dynamics

5.3. Trends/Disruptions Impacting Customer’s Business

5.4. Pricing Analysis

5.4.1. Average Selling Price Trend of Key Players, By Dimension

5.4.2. Average Selling Price Trend, By Region

5.5. Value Chain Analysis

5.6. Ecosystem Analysis

5.7. Investment and Funding Scenario

5.8. Funding, By Application

5.9. Technology Analysis

5.9.1. Key Technologies

5.9.1.1. Beamforming

5.9.1.2. Radar-on-Chip

5.9.2. Complementary Technology

5.9.2.1. Sensor Fusion

5.9.3. Adjacent Technology

5.9.3.1. Advanced Antenna

5.10. Patent Analysis

5.11. Trade Analysis

5.12. Key Conferences and Events (2024-2025)

5.13. Case Study Analysis

5.14. Regulatory Landscape

5.14.1. Regulatory Bodies, Government Agencies, and Other Organizations

5.15. Porters Five Force Analysis

5.15.1. Threat from New Entrants

5.15.2. Threat of Substitutes

5.15.3. Bargaining Power of Suppliers

5.15.4. Bargaining Power of Buyers

5.15.5. Intensity of Competitive Rivalry

5.16. Key Stakeholders and Buying Criteria

5.16.1. Key Stakeholders in Buying Process

5.16.2. Buying Criteria

Digital_Radar

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