Marine Short Range Radar System Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 2.5 Billion by 2033 at a CAGR of 8.5% from 2026 to 2033.
The global Marine Short Range Radar System Market was valued at approximately USD 1.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.4% during the forecast period. This growth is driven by the increasing demand for advanced radar systems in navigation and vessel tracking, as well as the need to enhance safety measures in maritime operations. Regions such as North America and Europe held a significant share of the market in 2022, with North America accounting for around 35% of the global market share, due to the high adoption of cutting edge maritime technology and robust government initiatives. Asia Pacific is projected to witness the fastest growth, with a CAGR of over 7%, fueled by the expansion of commercial shipping, growing investments in naval defense, and the rising presence of regional maritime industries.
Opportunities in the Marine Short Range Radar System Market are driven by technological advancements such as the integration of artificial intelligence and machine learning to enhance radar performance. Emerging markets in the Middle East and Africa are also expected to contribute to the market’s expansion, supported by the modernization of port facilities and the adoption of radar systems in offshore oil and gas operations. Latin America is gaining momentum as well, with an increasing focus on maritime trade and infrastructure development. Furthermore, the trend towards compact and energy efficient radar systems presents significant growth opportunities for manufacturers, allowing them to cater to diverse application demands in both military and commercial sectors.
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Raymarine
Raytheon
Furuno
Navico
JRC
Garmin
SAM Electronics
Transas Marine International
Sperry Marine
TOKIO KEIKI
Koden Electronics
Kongsberg
GEM Elettronica
Rutter Inc
Kelvin Hughes
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Marine Short Range Radar System Market
Solid-State Radar
Magnetron Radar
Phased Array Radar
Frequency-Modulated Continuous Wave (FMCW) Radar
Naval Defense
Commercial Shipping
Fishing and Aquaculture
Search and Rescue Operations
Port Security
X-Band
S-Band
Ka-Band
C-Band
Short-Range (up to 20 nautical miles)
Medium-Range (20 to 50 nautical miles)
Long-Range (over 50 nautical miles)
Government and Defense
Commercial Maritime Sector
Coast Guard and Maritime Agencies
Research Institutions
Private Yachts and Marine Leisure
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Marine Short Range Radar System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Marine Short Range Radar System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Marine Short Range Radar System Market, By Type
6. Global Marine Short Range Radar System Market, By Application
7. Global Marine Short Range Radar System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Marine Short Range Radar System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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