The solid state radar market was valued at USD 1.7 billion in 2021 and is projected to reach USD 2.0 billion by 2026; it is expected to grow at a CAGR of 4.2% from 2021 to 2026. The growth of the solid state radar market is driven byadvancements in solid state radar technologies, development of phased-array solid state radar, and increased demand for advanced weather monitoring radar.
3D solid state radar accounted for the largest share of the solid state radar market in 2020. 3D solid state radars are used in applications, such as surveillance, navigation, and weather monitoring. These 3D radars can provide high target location accuracy along and fully automatic operation modes, which has resulted in an increased demand for these radars in the military.
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The S-band segment of solid state radar market to grow at the highest CAGR during the forecast period. S-band solid state radars provide highly accurate outputs and are stable at high power. Other advantages of these radars include clear images, reduced maintenance, and low running costs. The growing air traffic and increasing investments in airport infrastructure development in various countries across the globe are key factors expected to boost the market of S-Band solid state radars.
Non-commercial accounted for the largest share of solid state radar market in 2020. Solid state radars are used by police forces, border security forces, coastal & maritime patrol officers, and search & rescue operatives. These radars are also used to detect targets and determine their position, course, and speed over a long-range. Solid state radars facilitate intelligence gathering, surveillance, and reconnaissance. Thus, all these factors are expected to drive the growth of solid state radar market for this segment.
North America held the largest share of the global solid state radar market during the forecast period. The increased adoption of solid state radars in the navigation, border security, surveillance, and traffic management applications is the major reason for the growing demand for radars in the commercial as well as non-commercial industries. The demand for solid state radars is expected to increase with the growing investments across the defense sector in the region.