Global Radar Market Size is estimated to expand rapidly in coming years, at a CAGR of 4.25 % from 2018 to 2025. In 2017, the global market valuation was USD 29.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Radar-based facilities are prominent safety facilities used across all the countries in the defense industry. The aerial traffic systems, maritime, and meteorological surveillance and aircraft anti-collision sensors, which have been primarily created for Defense and Military reasons, can also be used extensively. The development of light radars is caused by the technological spread that favorably affects market growth.
Digital message handling radar devices are used to address safety problems. In addition, increasing security and security issues and a boost in defense expenditures will probably boost their supply throughout the projected era. In addition, fresh airlines and terminals around the world are expected to add considerably to the general business growth. Increasing terrorist operations, clashes across countries and boundary infiltration drive request for radar significantly. Radar detectors are increasingly being deployed in cars, railways and aircraft. Sensors such as versatile assembly, weather-resistant environments, and long-range sensing are the major benefits of using these devices. This leads to mass radar manufacturing. The rise in global marine trade and the large volume motion of products encourage nations to raise the volume of their fleet and commercial ships to hit balanced supply-demand equilibrium. In order to monitor these ships, radar can be used and this will have a positive impact on market growth.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global radar market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global radar market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Component Insights: On the basis of component, global radar market has been segmented into antenna, transmitter, receiver, others. Over the forecast period the antenna segment will dominate the market. The segment's growth can be attributed to the increasing demand for digital signal processing. In addition, the expansion of radar systems around the world and the improvement of existing systems will create a healthy global demand for antennas.
By Service Insights: On the basis of service, global radar market has been segmented into installation/integration, support & maintenance, training & consulting. By 2025, the market will be dominated by the installation/integration services segment. Over the forecast time period, the demand for radar installation on special vehicles and aircraft will likely increase. This should also contribute to the growth of the segment.
By End-Uses Insights: On the basis of end-uses, global radar market has been segmented into military applications, air traffic control, remote sensing, ground traffic control, others. In 2018, the military sector dominated the market. The sector growth can be attributable to the need for military detection systems including surveillance, fire control, air traffic control (ATC), identification of weapons locations and car search. Previously, in military applications, radars were conventionally used. But applications for industrial, medical, commercial and automated automotive systems are now being developed.
The radar market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
In 2018, Asia Pacific generated the second-highest sales. The presence of several small and medium-sized companies, their production facilities, increased use of radar technology and increasing maritime trade are expected to support the development of the region's radar systems. Financial and investment availability is expected to contribute further to growth in the regional market. Asia-Pacific defense research & development is an ongoing major trend. China has, for example, developed military radars to detect bombers and fighter jets of all kinds. The demand for radar systems in North America is expected to be high. Quantum radar for stealth detection is being developed in Canada. This technology enables objects to be detected more accurately than conventional systems.
Global Radar Market Size, Share Analysis by Region 2018
Global Radar Market Study Objective
1. To forecast the market size of radar market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of radar market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of radar market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of radar market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the radar market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Lockheed Martin Corporation, Collins Aerospace, Saab AB, Honeywell International Inc., General Dynamics Corporation, BAE Systems, Northrop Grumman Corporation, Raytheon Company, and Thales Group are some of the key players in the market of radar. The main producers are involved in the production and deployment of radars used in the monitoring system for air and ground transmission. In addition to the need for accurate information about flight movements, the need to manage air traffic in various countries is predicted to create opportunities for growth for market players.
Global Radar Market Study Report Offer You!
The global radar market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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