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Marine Radar Market Size
The global marine radar market size was valued at USD 1 billion in 2024 and is projected to grow at a CAGR of 5.4% between 2025 and 2034. Marine security and safety measures are becoming more popular which has led to growth of the market globally. The use of radar units is also an integral part of safe operations of such vessels within the commercial for recreational use. Due to the increase in the volume of traffic at sea, particularly at weekend when more vessels are active, the complexity of vessel movements is increasing, thus there is an increased popularity for more sophisticated navigation and collision avoidance systems.
To get key market trends
In addition, even during unfavorable conditions, such as fog, heavy rain, and at night low visibility, marine radar systems can help vessels with situational awareness as they track nearby vessels. All these types of vessels require these systems as they are involved in international seaborne trade and are at risk of being collided or meet with an accident.
Marine Radar Market Report Attributes
Report Attribute
Details
Base Year:
2024
Marine Radar Market size in 2024:
USD 1 Billion
Forecast Period:
2025 - 2034
Forecast Period 2023 - 2032 CAGR:
5.4
2023 Value Projection:
USD 1.7 Billion
Historical Data for:
2021 - 2024
No of Pages:
180
Tables, Charts & Figures:
200
Segments Covered:
Radar, Range, Application, End Use
Growth Drivers:
Rising demand for maritime safety
Increased maritime traffic and global trade
Naval and military modernization
Increase in offshore energy exploration and development
Growth of recreational boating and small vessel markets
Pitfalls Challenges:
Technological complexity and lack of skilled personnel
High initial and maintenance costs
What are the growth opportunities in this market?
Furuno USA, for example, brought on the FAR2XX8MK2 series of commercial radars during the month of July 2024 to help improve navigational safety and the efficiency of users at sea who operate commercially. The series of FAR2XX8MK2 has been designed to have improved clarity and accuracy in images shown on the radar. The antenna unit now contains a large number of sophisticated imagers contributing to image quality enhancement by changing analog signals into digital ones, which are then transferred to the processor located below the deck.
Economic internationalization and globalization processes, as well as the increase of trade activities in public ports and the rise of cargo hauling by water, enhance the market potential for marine radar systems.
The allowance for a bump or a collision at sea becomes quite greater when the millions of tons of cargo vessels are added to the equation initially and marine radar systems are integral to the operating and navigating in a water congested area, since they allow a vessel to spot and keep track of other vessels which are even difficult to discern due to weather conditions. The more vessels are on the sea, the higher the maritime situational awareness thresholds level. These systems help avoid collisions and allow vessels to be managed in an orderly and timely manner about the water and through the water.
Marine Radar Market Trends
There has been a noticeable shift within the market as dual-band radar systems that cover X-band and S-band frequencies are steadily becoming prominent. Generally speaking, these systems are more effective at deterring short and long-range adversaries, which is central when working in harsh environments such as when setting up a coastal marine station. These systems' versatility makes them ideal for use in marine business shipments, naval defense, and offshore energy operations industries.
Another implementation of trojan technology used in radar systems is Automatic Identification Systems Alongside Global Navigation Satellite Systems and electronic charts display. Such systems will be beneficial once implemented in the projects of smarter, modernized ships, as it links segments together, improving situational awareness by updating ship administrators about other vessels, active obstacles, and current weather conditions, which in turn aids in decision-making. In the current industry climate, where autonomous navigation is gaining traction, these systems are becoming even more important to avoid collisions and assist humans when navigating automatically.
The initial capital and operating expenses remain among the dominant hindrances to the growth of the marine radar market, especially for small vessel owners and customers from the developing regions – as such, the cost of solid-state or dual-band radars remains prognostically high. These expenses can prove to be a tangible hindrance for small enterprises, owners of leisure boats, and users of smaller-scale commercial ships.
While these systems tend to be more durable and dependable, they frequently come with a much higher price tag than the conventional radar devices. Moreover, the final price tag is further increased by regular operating costs. This is the frequent maintenance, portable calibration, and the replacement of older systems' magnetrons, which may at times increase the operating cost significantly in the long term.
Marine Radar Market Analysis
Learn more about the key segments shaping this market
Based on radar, the market is segmented as X-band radar, S-band radar, solid state radar, and others. In 2024, the X-band radar segment held a market share of over 37% and is expected to exceed USD 580 million by 2034.
The X-band radar is the most exploited in the marine radar market owing to its efficiency in short-range detection, has high resolution and is applicable in a wide range of marine environments. It falls within the 8 – 12 GHz frequency range and is ideal for locating small objects such as vessels, floating debris or landmasses near a ship because it provides high-resolution images. This functionality is important in busy waterways, harbors, coastal areas and other places where enhanced navigational capabilities are required. Also, X-band radar is able to differentiate amongst nearby objects which enables operators to traverse through narrow channels or busy ports without catching obstructions.
Learn more about the key segments shaping this market
Depending on the range, the assessment classifies the marine radar market into short range, medium range and long range. The medium range segment officially captured approximately 42% of the market in the year 2024. Medium-range radar systems occupy a fair percentage in the range segment of the marine radar market owing to their strong performance, high functionality and cost effectiveness.
These systems can be mounted on commercial vessels, fishing boats and recreational vessels as well and ensure robust detection capabilities in order to increase security and task efficacy. These radars are particularly appropriate for use in coastal areas, busy ship routes, and open seas where short and long-range detection is essential for safety.
Looking for region specific data?
In 2024, the Asia-Pacific region commanded the largest share of the global marine radar market at over 25%, and it is already clear that China is a strong player in this area. The rate of growth in China's market is also significant as the country becomes more engaged in international seaborne commerce, enhances its industrial capabilities, and invests in the nation's maritime assets and infrastructure.
Additionally, China has the affiliated edge as it has the highest export volume and is the most important maritime center in the world, which makes it paramount in logistics and trade. Also, modern radar systems which are used for assisting in navigating the seas have experienced increasing demand due to expansion of commercial fleets and the expanding shipping industry. Due to China's standing as a global top-tier nation in shipping, it uses the latest radar modernization technologies on ships to increase safety when conducting sea-based activities in different countries as well as for domestic operations.
There are various factors contributing to the increasing demand for marine radar in Europe. Europe is a map that showcases the developed marine affairs as well as ports, shipping routes, and a variety of commercial and leisure vessels primarily put at work by the defined marine history, safety policies, the growing of trade shipping, as well as the marine navigation technology developments.
Europe is equally important as an international trade through the Mediterranean Sea, North Sea and the English Channel. The increasing growth rate of the active vessels necessitates even better radar systems as a result of the requirement for collision avoidance, navigation and effective vessel traffic management systems especially in high density and worst weather conditions.
The growth in the North American marine segment coupled with the improving code of conduct will fuel the maturing marine radar market in North America. Factories, Chambers like Global maritime region with high demand for US and Canadian markets, and Investment towards offshore energy will further bolster the increase in marine traffic radar. Its ports such as New York, Vancouver, and Los Angeles as well as the Great Lakes, Canada and the US have both oceans and lakes at their disposal, providing them with the opportunity to foster a strong shipping industry. All forms of international business incorporate vital marine industries that rely on radar systems for navigation, safe collision avoidance, and preventing dangerous vessel operations in heavily transited areas.
Marine Radar Market Share
In 2024, the marine radar industry was dominated by both Raymarine and Kongsberg Maritime, who collectively acted as controlling parties, holding more than 13% of the market shares. Both Kongsberg and Raymarine boast a significant stake in the marine radar market as a result of their noteworthy brand presence, cutting-edge technology, and a plethora of products in the commercial as well as recreational markets.
Raymarine, a Teledyne FLIR company, has designed a special place for itself in the wilderness of leisure boats in the amateur marine electronic manufacturing industry due to its ability in constructing and designing comprehension oriented effective radar systems for small leisure boats and commercial vessels.
The company has strong market presence due to its approach of offering modern radar technologies that are solid-state. Kongsberg Maritime, too, is well known for the sophisticated radar systems used in commercial shipping, defense, and offshore industries, which feature sophisticated target detection and sensor fusion with other navigational aids.
Ritz-Carlton, Japan Radio Company (also known as JRC), and Navico are considered to strengthen their positions in the marine radar market by enhancing and diversifying the product offering and customer retention processes.
JRC has made a focus on the development of sophisticated radar technologies such as solid-state radars and integrated systems for both commercial and recreational vessels that require greater efficiency and complexity in design, usability, and reliability.
Similarly, Navico, which has Simrad and Lowrance in its portfolio, set the goal to elevate the functionality of their core GPS systems by interfacing them with sonar and fish-finding technologies, which provide small commercial vessels and recreational CGSL boats with all-inclusive offerings.
Marine Radar Market Companies
Major players operating in the marine radar industry are:
Furuno
Garmin
GEM Elettronica
Hensoldt UK
Icom
Japan Radio Company
Kongsberg Maritime
Leonardo
Navico Group
Raymarine
The market for marine radar systems is a dual landscape of international and regional vendors with pronounced regional segmentation, which allows the vendors to satisfy varying customer needs. Strategic acquisition and a diversified and segmented portfolio continue to drive the international competitors forward.
Due to a keen understanding of the complexities surrounding the domestic market and providing tailored services, some regional players are still active. It is expected that there will be significant market consolidation as a result of an increase in merger activities and acquisitions involving domestic companies that are seeking to catch up with their international rivals.
Marine Radar Industry News
In January 2024, Nacos Platinum solid-state x-band radar was launched by Wärtsilä ANCS and Walker Perkins. It is aimed toward increasing the safety and reliability of marine navigation, enhancing the transactional features. A newer technology has been utilized, which is called solid-state transceiver technology, making the traditional magnetrons obsolete. This is to maintain levels and lifecycle costs which are lower than the required range for vessel operators, without compromising on performance standards.
In April 2024, Raymarine obtained type approval for its Pathfinder Solid State X-band radar. The certification was granted by TÜV SÜD BABT, who is an IMC representative. In April 2024, the testing and implementation company issued approval for the Pathfinder Solid State X-band radar and Raymarine received a type within the scope of minimarch November Munich. As an IMC representative, T. In addition, this radar can be used on class 2 and 3 boats of up to 10,000 g the certification was granted by SUD BABT.
The Pathfinder radar improves situational awareness performance and enables technology that can be used in the commercial domain, capable of rugged environments and greatly enhanced resolution and detection performance, to be deployed. E. It uses solid-state technologies which extend and enhances its useful life lowering servicing requirements.
The marine radar market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($Bn) and shipments (units) from 2021 to 2034, for the following segments:
to Buy Section of this Report
Market, By Radar
X-band
S-band
Solid state
Others
Market, By Range
Short-range radar (1-20 NM)
Medium-range radar (20-50 NM)
Long-range radar (50-100 NM and above)
Market, By Application
Search & rescue
Weather monitoring
Collision avoidance
Navigation
Vessel traffic management
Others
Market, By End Use
Commercial shipping companies
Coast guard
Port authorities
Private boat owners
Fishing industry
Others
The above information is provided for the following regions and countries:
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Russia
Nordics
Asia Pacific
China
India
Japan
ANZ
South Korea
Southeast Asia
Latin America
Brazil
Mexico
Argentina
MEA
UAE
South Africa
Saudi Arabia
Author: Preeti Wadhwani, Aishwarya Ambekar
Frequently Asked Question(FAQ) :
How big is the marine radar market? +
The market size of marine radar reached USD 1 billion in 2024 and is projected to grow at a 5.4% CAGR from 2025 to 2034, led by the growing need for maritime safety.
Who are the major players in the marine radar industry? +
The key players in the industry include Furuno, Garmin, GEM Elettronica, Hensoldt UK, Icom, Japan Radio Company, Kongsberg Maritime, Leonardo, Navico Group, and Raymarine.
How big is the Asia-Pacific marine radar market?+
The Asia-Pacific market held over 25% of the global share in 2024, driven by China's increasing participation in international seaborne commerce and investments in maritime infrastructure.
Why is the X-band radar segment significant in the marine radar industry? +
The X-band radar segment held a market share of over 37% in 2024 and is expected to exceed USD 580 million by 2034, due to its advantages in short-range detection, high resolution, and adaptability to various marine environments.