1. HOME
2. Research Insight
3. Digital Radar Companies - Lockheed Martin Corporation (US) and Thales (France) are the Key Players

The digital radar market is projected to grow from USD 5.9 billion in 2024 and is expected to reach USD 13.7 billion by 2029, growing at a CAGR of 18.2% from 2024 to 2029. Autonomous vehicles extensively employ digital radar technology to identify and track objects. Digital radar play a major role in autonomous vehicles to navigate safely and efficiently through various weather conditions such as fog. Feature of digital radar technology is also globally being adopted by manufacturers of self-driving cars.

Major players in the digital radar market include Lockheed Martin Corporation (US), Thales (France), Indra (Spain), Leonardo S.p.A. (Italy), Bharat Electronics Limited (India), Advanced Micro Devices, Inc. (US), Magna International Inc. (Canada), NXP Semiconductors (Netherlands), Saab AB (Sweden), and Uhnder (US), among others. New product launches, collaborations, and acquisitions were some of the key strategies adopted by the players in the digital radar market ecosystem to increase their market share, enhance their product portfolios, and expand their presence in the digital radar market.

To know about the assumptions considered for the study download the pdf brochure

Major Digital Radar companies include:

• Lockheed Martin Corporation (US)
• Thales (France)
• Indra (Spain)
• Leonardo S.p.A. (Italy)
• Bharat Electronics Limited (India)
• Advanced Micro Devices, Inc. (US)
• Magna International Inc. (Canada)
• NXP Semiconductors (Netherlands)
• Saab AB (Sweden)
• Uhnder (US)
• Israel Aerospace Industries (Israel)
• BAE Systems (UK)
• Elbit Systems Ltd. (Israel)
• Vayyar (Israel)
• Arbe (Israel)
• Ainstein Radar Systems (US)
• Oculii (US)
• Spartan Radar, Inc. (US)
• Cubtek Inc. (Taiwan)
• ASELSAN A.S. (Turkiye)
• Teledyne FLIR LLC (US)
• Echodyne Corp (US)
• Bitsensing (South Korea)
• RFISee (Israel)
• Gapwaves AB (Sweden)

For instance, in May 2023, Indra (Spain) developed the V2i version of S3TSR radar. The radar’s detection and tracking capabilities are getting better. This will increase its capacity up to sixteen times. Smaller objects and ballistic missile tracking will be possible due to the improvements made.

Similarly, in September 2022, Lockheed Martin Corporation (US) completed the initial Sentinel A4 radar system. It improves US Army air and missile defense by better detecting, tracking and classifying airborne threats.

Lockheed Martin Corporation (US) is a global security and aerospace corporation that specializes in technological systems, products, and services. The company’s business activities are conducted through Aeronautics, Missiles & Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The Aeronautics segment focuses on advanced military aircraft research, design, development, manufacturing, integration, sustainment, support, and upgrade. It encompasses combat, air mobility aircraft (passenger or freight) and also drones (UAVs) or any other related technologies. The Rotary and Mission Systems (RMS) segment designs, manufactures, services, and supports military and commercial helicopters; mission and combat systems for ships and submarines; for rotary and fixed-wing aircraft, as well as mission systems and sensors; sea and land-based missile defense systems; radar systems; the Littoral Combat Ship (LCS); simulation and training services; unmanned systems with technologies. The RMS segment also deals with the cyber security needs of the government and provides communication and command controls through multidimensional mission solutions in the defense sector. A wide range of radars and sensors are fabricated by the enterprise. These sensors primarily use elecro-optical/IR systems for advanced precision targeting, navigation, threat detection, and next-gen ISR capabilities.

Indra (Spain) is one of the top global technology and consulting firms and significant supplier of niche solutions in the transportation and military markets. The company offers surveillance radar under its Defence & Security segment. To defend satellites from debris, Indra has designed a space surveillance radar to protect military satellites against this kind of threat. The company’s interest in both technological- and business based partnerships have helped it build relationships with 147 partners worldwide.

Related Reports:

Digital Radar Market by Type (Active and Passive), Dimension (2D, 3D and 4D), Application (Safety, Security and Surveillance), Vertical (Automotive, Aerospace, Military and Defense) and Region - Global Forecast to 2029

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]