The global radar market size is expected to be valued at USD 38.01 billion by 2025, registering a CAGR of 3.8% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing deployments of radars and security related issues across the globe are driving the market growth. Additionally, the market is also witnessing healthy growth in demand due to the increase in sea trade and travel activities across the globe. They have been used for understanding path patterns, altitude, and migration path. Additionally, weather radar systems are used for monitoring changes in climate patterns.
Unlike
earlier, now the deployment of radars is not limited to the military sector.
These systems are now increasingly being adopted in air traffic control, remote
sensing, ground traffic control, marine, and meteorological monitoring, among
others. The growing adoption and deployment of radars in various sectors for different
applications are anticipated to support the market growth over the forecast
period.
The
growth of the air travel industry is encouraging market players to offer
airborne radars that operate between L and Ka bands. Short range targeting
radars, particularly used for helicopters and tanks, function under the
millimeter band. Long range, ground-based radars use lower frequencies and are
increasingly being adopted for satellite communication applications.
Additionally, a radar system reveals detailed information that is essential for
flight operations in dense clouds and it can also be concluded that
aircraft-based systems are witnessing high-scale deployment in order to enhance
flight safety.
Full Research Report On Radar Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/radar-market
Further key
findings from the report suggest:
- The growing deployments of
new antennas and upgrading of the existing radar systems are the key
factors driving the growth of the antenna segment
- The installation/integration
service segment is expected to reach USD 6,127.5 million by 2025 owing to
the increasing deployments of radars in emerging economies of Asia Pacific
- The demand for ground-based
radars is likely to increase owing to the development of new airports and
terminal expansions in various economies across the globe
- The X-band segment is
projected to witness significant growth over the forecast period owing to
the growing spending on the deployment of radars for military applications
- The long-range radar segment
growth can be attributed to the use of these radars for guiding space
vehicles, tracking satellites, observing planetary equipment, and
monitoring meteors
- The growth of the air
traffic control segment is being driven by the growing demand for
efficient air traffic control
- Asia Pacific regional market
is anticipated to witness rapid growth owing to the rapid growth of
industries & sectors such as defense, space, and aviation in the
region
- The key players operating in
the radar market include Lockheed Martin Corporation; CollinsAerospace;
Saab AB; Honeywell International Inc.; General Dynamics Corporation; BAE
Systems; Northrop Grumman Corporation; Raytheon Company; and Thales Group.
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Grand View Research has segmented
the global radar market on the basis of component, service, platform, frequency
band, range, end use, and region.
Radar Component
Outlook (Revenue, USD Million, 2014 - 2025)
- Antenna
- Transmitter
- Receiver
- Others
Radar Service
Outlook (Revenue, USD Million, 2014 - 2025)
- Installation/Integration
- Support & Maintenance
- Training & Consulting
Radar Platform
Outlook (Revenue, USD Million, 2014 - 2025)
- Ground-based
- Naval
- Airborne
- Space-based
Radar Frequency
Band Outlook (Revenue, USD Million, 2014 - 2025)
- L-band
- S-band
- C-band
- X-band
- Ku-band
- Ka-band
- Others
Radar Range Outlook
(Revenue, USD Million, 2014 - 2025)
- Long Range
- Medium Range
- Short Range
Radar End Use
Outlook (Revenue, USD Million, 2014 - 2025)
- Military Applications
- Air Traffic Control
- Remote Sensing
- Ground Traffic Control
- Others
Radar Region
Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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