Radar Market Anticipates Robust 7.2% CAGR Growth, Targeting USD 17.8 Billion by 2029
The increasing digitization of material across multiple industries has driven significant growth in the radar market. The worldwide radar market was valued at USD 10.5 billion in 2022, and forecasts indicate that it will rise sharply to USD 17.8 billion by 2029. Throughout the projection period, this growth trajectory translates into a Compound Annual Growth Rate (CAGR) of 7.2%. The development and implementation of radar systems for various purposes are greatly aided by the rapidly growing global radar market. Radar finds uses in weather forecasting, military, aviation, automotive, maritime, and surveillance. Radar uses electromagnetic waves to identify and track objects in the surroundings. Radar Market Report Scope and Research Methodology The global Radar Market is the subject of a recent report from Maximize Market Research. The report offers a thorough overview of the market, including trends in the industry (global and regional) and historical performance of the Radar market