Over the Horizon Radar Market Latest Updates in Analysis, Growth and Revenue Forecasts by 2030

The Over The Horizon Radar Market is estimated to register a CAGR of over 13% during the forecast period by 2030.

Market Overview:

The Over The Horizon Radar Market is estimated to register a CAGR of over 13% during the forecast period by 2030.

Owing to the increasing terror incidents and cross border conflicts in the recent years, the government agencies along with the defense authorities are majorly focusing on ensuring proper surveillance and monitoring across their border and over neighbouring countries, in order to detect any threats. This has resulted in an increased demand of the radar systems. The over the horizon radar systems are particularly used to acquire/detect the target’s location, which is miles away from the country or the position of the radar system. These radar systems also help in increasing the situational awareness of the military personnel. Over the horizon radar market growth to be witness in forecast period.

Of late, there has been a high demand for the ground surveillance radar systems, which are primarily used in border security and for the protection of ports and waterways. It is expected that the increasing investments in such radar systems would provide opportunities for the market players, in the forthcoming years. For example, in June 2017, Thales Group, a key player in the market Group launched a range of the latest-generation multifunction ground radar.

Key Players:

The key players in the global Over The Horizon Radar Market are Lockheed Martin Corporation (US), Raytheon Company (US), Northrop Grumman Corporation (US), Saab AB (Sweden), Thales Group (France), BAE Systems (UK), Israel Aerospace Industries (Israel), Leonardo (Italy), Aselsan (Turkey), and Harris Corporation (US).

Market Segmentation:

The global Over The Horizon Radar Market has been segmented by product type, component, platform, aircraft type, and region.

On the basis of product type, the Over The Horizon Radar Market is divided into surveillance & airborne early warning radar, tracking & fire control radar, multi-function radar, synthetic aperture & moving target indicator radar, and others. In 2017, the surveillance & airborne early warning radar segment dominated the global market, and it is also expected to witness the fastest market growth, during the forecast period. This is primarily because the rising terror threats and the increasing cross border conflicts in various countries.

On the basis of component, the Over The Horizon Radar Market is divided into antenna, transmitter, duplexer, receiver, and others. In 2017, the antenna segment dominated the global market and it is also expected to witness the fastest market growth, during the forecast period. This is majorly due to the operational advantages of the antenna systems such as the transmission and reception of communication signals.

On the basis of platform, the Over The Horizon Radar Market is divided into airborne, land-based, and naval. In 2017, the land-based segment dominated the global market, as these radar systems are fixed or man-portable and are used for the applications such as battlefield surveillance and weapons-locating, among others. Similarly, the demand for the airborne over the horizon radar systems, which are integrated on the fixed-wing aircraft, helicopters, and unmanned aerial vehicles (UAV), has been growing significantly in the recent years, primarily due to their effectivity in transmitting early warning signals and for land and maritime surveillance.

Regional Analysis:

On the basis of region, the global Over the horizon radar market industry share has also been segmented into five regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America had the largest share of the market in 2017, primarily due to the large focus of the region, particularly the US, on the provision and sustenance of the national border security. Furthermore, the presence of the key companies such as Lockheed Martin Corporation, Raytheon Company, and Northrop Grumman Corporation in the region, results in a high development of the over the horizon radar systems. Similarly, Asia-Pacific is expected to be fastest growing market for the market, during the forecast period. This is primarily due to the rising terror attacks, political disputes, and cross-border conflicts in the region, particularly in China and India. Therefore, the global market is estimated to register a CAGR of over 13% during the forecast period of 2027.

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