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Naval Radar Market Size Estimate For 2026 And Revenue Forecast Through 2030
The naval radar market has experienced consistent expansion over the past few years. It is projected to increase from $13.33 billion in 2025 to $13.9 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 4.3%. This historical expansion was primarily driven by several factors, including escalating naval defense budgets that spurred the acquisition of sophisticated radar systems, a heightened need for situational awareness and capabilities for detecting threats, breakthroughs in radar signal processing and antenna technologies, an uptick in naval modernization initiatives and the retrofitting of older vessels, and the integration of radar systems for maritime patrol and search and rescue operations.
The naval radar market is anticipated to experience consistent expansion over the coming years. Its valuation is projected to reach $16.49 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 4.4%. This projected increase is driven by factors such as the incorporation of AI and machine learning to improve target identification and tracking, a growing need for multi-function and phased-array naval radar systems, greater investment in electronic warfare and radar countermeasure innovations, the broadening of naval radar services like upkeep, improvements, and system tailoring, and the wider uptake of compact and lighter radar systems suitable for smaller vessels and unmanned naval platforms. Key trends during this period are expected to involve the incorporation of multi-function radar systems for better operational effectiveness, the development of modular and upgradeable radar platforms to support extended lifecycle management, the expansion of naval radar services into new maritime defense sectors, a rising preference for lightweight and compact radar components for smaller ships and uncrewed systems, and an emphasis on ensuring robust reliability and performance even in harsh maritime environments.
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Why Is Demand In The Naval Radar Market Expected To Keep Rising?
Elevated defense spending allocated for coastal monitoring is anticipated to propel the expansion of the naval radar market in the future. These defense budgets underpin coastal surveillance by supplying funds for essential equipment, technological advancements, infrastructure development, personnel training, and inter-agency coordination, thereby bolstering maritime security and safeguarding coastal regions. Naval radar systems are critical for coastal surveillance, offering continuous oversight of marine activities along shorelines to detect and track vessels, manage maritime traffic, and support efforts in marine security and law enforcement. For instance, according to the United States Department of Defense, a US-based government agency, the US Navy’s budget proposal for the fiscal year 2024 amounted to $211.7 billion, reflecting a 1.8% rise compared to 2023. This budget allocation encompassed $58.5 billion designated for shipbuilding and conversion, $18.8 billion for weapons procurement, $49.8 billion for operation and maintenance, and $20.4 billion allocated towards research and development initiatives. Consequently, the increasing defense budgets directed towards coastal surveillance are driving the growth of the naval radar market.
How Is The Naval Radar Market Divided Across Segments And Subsegments?
The naval radar market covered in this report is segmented –
1) By Type: Naval Surveillance Radar, Naval Fire Control Radar, Naval Navigation Radar
2) By Component: Antennas, Transmitters, Receivers, Power Amplifiers
3) By Application: Naval Ships, Submarines, Unmanned Surface Vehicles, Other Applications
Subsegments:
1) By Naval Surveillance Radar: Long-Range Surveillance Radar, Medium-Range Surveillance Radar, Short-Range Surveillance Radar, Air Surveillance Radar, Sea Surveillance Radar
2) By Naval Fire Control Radar: Target Tracking Radar, Gun Fire Control Radar, Missile Fire Control Radar, Weapon Guidance Radar
3) By Naval Navigation Radar: Surface Navigation Radar, Collision Avoidance Radar, Navigation For Submarines, Radar For Port And Harbor Navigation
Naval Radar Market Trends Reshaping Customer Demand And Business Strategies
Leading companies in the naval radar market are concentrating on advanced technologies, such as enhanced imaging, automation features, and brushless DC motors, to deliver cutting-edge radar systems that enhance maritime safety, navigation, and operational efficiency for both naval and commercial vessels. A brushless DC motor is an electric motor operating without brushes, utilizing electronic commutation to improve efficiency, lessen maintenance needs, and boost reliability across various applications. For instance, in July 2024, Furuno USA, Inc., a US-based marine electronics company, launched the FAR2XX8MK2 commercial radar series. This series is designed to improve bridge operations and safety at sea by offering clearer, more accurate radar images. The series includes simplified maintenance, ergonomic controls, and advanced tracking capabilities, making it user-friendly and efficient for maritime operations. Additionally, the integration of a brushless DC motor enables extended operational periods without frequent maintenance, further reducing downtime.
Naval Radar Market Major Players: Companies At The Forefront Of The Industry
Major companies operating in the naval radar market are RTX Corporation, Lockheed Martin Corporation, Airbus Group, Northrop Grumman Corporation, BAE Systems PLC, Thales Group, Leonardo S.p.A., Rheinmetall AG, Garmin Ltd., SAAB AB, Israel Aerospace Industries Ltd., Hensoldt AG, Japan Radio Co., Furuno Electric Co. Ltd., West Marine, Navico Group, Aselsan A.S., Tokyo Keiki Inc., Terma A.S., Alphatron Marine, Koden Electronics Co. Ltd., GEM Elettronica, Kongsberg Maritime AS, FLIR Systems Inc., Kelvin Hughes Limited, Rutter Inc., Transas Marine International AB, Wärtsilä SAM Electronics Gmbh
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Naval Radar Market Regional Share Analysis For 2025
North America was the largest region in the naval radar market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the naval radar market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
