The global X-Band Radar market size is expected to grow from USD 5.60 billion in 2021 to USD 6.73 billion by 2027 at a CAGR of 3.1%.
Factors such as the increase in territorial conflicts, the emergence of electronic and network wars, changes in legacy systems leading to the development of radar systems, and the increase in X-band defense radar defense are expected to further drive the growth of the global radar market during the forecast period, 2021 to 2027.
On the basis of the application, the global X-band radar market is divided into defense, government, and commercial. The defense segment is expected to grow at the highest CAGR during the forecast period. The increase in demand for X-band radar can be attributed to several factors such as X-band radar deployed in the navy and to civilian, military, and government agencies for climate monitoring, air traffic control, and navigation control, self-defense tracking, detection of speeding vehicles, and more.
Purchases of X-band radar by international defense agencies have increased dramatically in the last few years, largely due to the rise of terrorist warfare, worldwide, especially in the Middle East and Asia-Pacific. There is also a growing demand for highly developed X-band radar technologies, such as Polarimetric radar, Long Range Discrimination Radar (LRDR), electronic scanned electronic radar, and solid-state transmitters.
The global X-band radar market by type is dominated by the mobile X-band radar, which is used for many different programs, such as learning the power of rare storms and cloud microphysics, urban rainfall, and sea wind among others. The mobile X-band radar segment is expected to grow at the highest rate during the forecast period. Demand for mobile X-band radios has been growing worldwide, with increasing use of air traffic control, early weather warning, perimeter surveillance, and air surveillance. The demand for portable or mobile X-band radios in the North American region is growing rapidly. This is due to the development of various new programs by the U.S. to establish a comprehensive defense system. Raytheon Company (U.S.) has also launched an X-band offshore radar monitoring program.
The Asia-Pacific region is expected to show the highest growth in the X-band radar market during the forecast period. Key market drivers in the Asia-Pacific region include the need to combat growing terrorist acts and various modern military-led programs, encouraging major regional defense manufacturers to develop the best X-band radars.
The major players in the global X-Band Radar market are The Raytheon Company (U.S.), Japan Radio Company Ltd. (Japan), Terma A/S (Denmark), Northrop Grumman Corporation (U.S.), and Saab AB (Sweden).