Marine Radar Market Size, Share, Trends and Forecast | 2034

Marine Radar Market Outlook

According to the report by Expert Market Research (EMR), the global marine radar market size attained a value of USD 1.44 billion in 2024. Aided by the increasing demand for advanced navigation and safety systems in maritime operations and the growing adoption of marine radar across defense and commercial sectors, the market is projected to further grow at a CAGR of 6.0% between 2025 and 2034 to reach a value of USD 2.45 billion by 2034.

Marine radar is an essential component of modern navigation and surveillance systems, widely used in commercial shipping, fishing vessels, naval forces, and recreational boats. It plays a critical role in detecting obstacles, other vessels, and adverse weather conditions, thereby ensuring the safety and efficiency of maritime operations. With advancements in radar technology, including solid-state radar and pulse compression radar, the functionality and accuracy of marine radar systems have significantly improved, further driving market growth.

Key Market Drivers

The increasing emphasis on maritime safety and collision avoidance is a primary factor propelling the global marine radar market growth. Governments and international regulatory bodies, such as the International Maritime Organization (IMO), have mandated the use of advanced radar systems to ensure safe navigation and mitigate risks associated with maritime transport. The rising incidents of marine accidents and piracy have further reinforced the need for robust radar solutions across both commercial and defense applications.

The expansion of the global shipping industry has also contributed to the growing demand for marine radar systems. With increasing global trade and the proliferation of commercial shipping routes, the necessity for efficient navigation and surveillance systems has become paramount. The adoption of marine radar in merchant vessels, cargo ships, and offshore support vessels has surged, thereby fueling market expansion.

Additionally, technological advancements in radar systems, such as the integration of artificial intelligence (AI) and machine learning (ML), are enhancing the capabilities of marine radar. AI-powered radar systems can analyze vast amounts of data in real-time, improving target detection, tracking, and predictive analysis. These advancements have significantly contributed to the modernization of maritime operations and are expected to further drive market growth over the forecast period.

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Commercial and Defense Applications Driving Growth

The increasing adoption of marine radar in both commercial and defense sectors is a significant contributor to marine radar market expansion. In the commercial sector, radar systems are widely used for navigation, collision avoidance, and port management. The rise in global maritime trade has increased the demand for technologically advanced radar systems in cargo and container ships, further accelerating market growth.

In the defense sector, marine radar plays a crucial role in surveillance, target tracking, and reconnaissance operations. Naval forces worldwide are investing heavily in state-of-the-art radar technology to enhance situational awareness and maritime security. The rising geopolitical tensions and growing emphasis on naval modernization programs are expected to drive the demand for marine radar systems in the defense segment.

Marine Radar Market Segmentation

The market can be divided based on product type, component, application and region.

Breakup by Product Type

• X Band
• S Band

Breakup by Component

• Transmitter
• Receiver
• Antennae
• Others

Breakup by Application

• Fishing Vessel
• Recreational Boat
• Merchant Marine
• Others

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

Some of the major players explored in the report by Expert Market Research are as follows:

• Furuno Electric Co.,Ltd.
• Northrop Grumman Corporation
• Terma A/S
• Rheinmetall AG
• BAE Systems plc
• Thales Group
• Saab AB
• Others

Challenges and Opportunities

Despite the positive outlook, the marine radar market faces several challenges. The high costs associated with advanced radar systems, coupled with maintenance and operational complexities, pose a constraint on market growth. Additionally, cybersecurity concerns related to radar system vulnerabilities present a growing challenge, especially with the increasing reliance on digital technologies in maritime operations.

However, the market also presents lucrative opportunities. The increasing adoption of autonomous ships and the integration of radar systems with other digital navigation tools offer significant growth potential. Moreover, the emergence of compact and energy-efficient radar solutions is expected to drive demand across small and medium-sized vessels, further expanding market opportunities.