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Naval Radar Market Expected To Reach $16.48 Billion By 2030 At 4.36% CAGR
The naval radar market has experienced consistent expansion over recent years. Its value is projected to rise from $13.33 billion in 2025 to $13.9 billion by 2026, demonstrating a compound annual growth rate (CAGR) of 4.3%. This historical growth can be attributed to several factors, including the escalation of naval defense budgets, which fuels the acquisition of sophisticated radar systems. Furthermore, an increasing need for enhanced situational awareness and effective threat detection capabilities, alongside continuous technological progress in radar signal processing and antenna systems, has contributed significantly. The expansion of naval modernization initiatives, including the upgrading of older vessels, and the integration of radar technologies for maritime patrol and search and rescue operations are also key drivers.
The naval radar market is anticipated to experience consistent expansion in the upcoming years. By 2030, this market is projected to reach $16.49 billion, exhibiting a compound annual growth rate (CAGR) of 4.4%. This expansion over the forecast period is driven by factors such as the incorporation of AI and machine learning for improved target detection and monitoring, an increased need for versatile multi-function and phased-array naval radar systems, greater financial commitments to electronic warfare and radar countermeasure advancements, the broadening scope of naval radar services like upkeep, enhancements, and tailored system modifications, and the increasing preference for smaller, lighter radar setups for use on smaller ships and autonomous naval craft. Key trends during this period encompass the integration of multi-function radar systems to boost operational effectiveness, the development of modular and upgradeable radar platforms for extended lifecycle management, the expansion of naval radar services into nascent maritime defense sectors, a growing preference for light and compact radar parts in smaller vessels and unmanned platforms, and a strong emphasis on consistent performance and dependability in harsh maritime environments.
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Naval Radar Market Expansion Drivers: What Is Shaping Future Growth?
The escalating defense budgets allocated to coastal surveillance are anticipated to stimulate the expansion of the naval radar market in the future. These financial allocations support coastal surveillance by providing funding for equipment, technological advancements, infrastructure development, training programs, and coordination efforts, thereby enhancing maritime security and safeguarding coastal regions. Naval radar plays a vital role in coastal surveillance through continuous monitoring of marine activities along coastlines to detect and track vessels, manage maritime traffic, and support marine security and law enforcement operations. 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 was $211.7 billion, representing a 1.8% rise compared to 2023. This budget specifically included $58.5 billion for shipbuilding and conversion, $18.8 billion for weapons procurement, $49.8 billion for operation and maintenance, and $20.4 billion designated for research and development initiatives. Therefore, the growing defense budgets for coastal surveillance are a key factor driving the growth of the naval radar market.
Naval Radar Market Segment Analysis: What Are The Major Market Categories?
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 Industry Trends Shaping Future Revenue Growth
Major companies within the naval radar market are concentrating on advanced technologies, including enhanced imaging, automation features, and brushless DC motors. Their aim is to deliver cutting-edge radar systems that improve maritime safety, navigation, and operational efficiency for both naval and commercial vessels. A brushless DC motor is an electric motor that functions without brushes, employing electronic commutation to boost efficiency, lower maintenance needs, and enhance reliability across various applications. For instance, in July 2024, Furuno USA, Inc., a marine electronics company based in the US, introduced the FAR2XX8MK2 commercial radar series. This series is engineered to enhance bridge operations and safety at sea by providing more transparent and accurate radar images. It incorporates simplified maintenance, ergonomic controls, and advanced tracking capabilities, making it practical and efficient for maritime use. Furthermore, the adoption of a brushless DC motor enables extended operational periods without frequent upkeep, thereby minimizing downtime.
Naval Radar Market Leading Companies: Who Holds Significant Market Presence?
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 Analysis And Leading Geography
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.