Radar Market Size, Share and Forecast 2026
The global radar market was worth USD XX million in 2018 and is forecasted to reach USD XX million by 2026, growing at a CAGR of XX% during the forecast period (2019-2026).
(EMAILWIRE.COM, September 04, 2019 ) Market Overview
• RADAR stands for Radio Detection and Ranging System. It is an electromagnetic system used to detect the location and distance of an object from the point where the RADAR is placed.
• It works by radiating energy into the air and monitoring the echo or reflected signal from the objects.
Market Dynamics
• The growing need for improving border safety is expected to propel the demand for surveillance equipment and military radars.
• Radars are mostly used for weapon guidance and surveillance. Also, widely used methods for guiding missiles such as Active Radar Homing (ARH) and Semi-Active Radar Homing (SARH) are making use of radar systems for accurate target tracking.
• The two of the additional severe problems in radar systems are those of beam blockage and beam overshoot. The scanning radar beam can be blocked entirely for various directions when the radar is sited in an area surrounded on some sides by higher terrain.
Market Segmentation Analysis
• The global radar market is categorized based on applications such as Military Applications, Air Traffic Control, Remote Sensing, Ground Traffic Control, and Space. Of these, Military applications hold a significant share of the market owing to various factors such as the rise in demand for hi-tech weaponry, public disputes, threats from adjoining countries, increasing safety concerns, and the growing investment in this sector by the governments of various countries.
• Based on the platform, the global radar market is bifurcated into Land, Naval, Airborne, and Space. According to Forecast International’s, the production of airborne and land/sea-based radars will generate USD 24.6 billion over the next ten years.
• It’s analysis projects that the segment’s top five companies – Raytheon, Northrop Grumman, MEADS International, Thales, and Rockwell International will garner roughly USD 12 billion during this forecast timeframe, representing 49% of the total 10-year market.
Geographical Analysis
• Geographically, the global radar market is segmented into Asia-Pacific, North America, Europe, South America, and RoW. Among all the regions, North America accounted for the largest share of the market due to high military spending.
• The military expenditure in the Americas region was valued USD 695 billion in 2017 which accounts approximately 40% of the global military spending. The USA and Canada are the major countries in this region, and they together hold 91% of the total region’s military spending. However, military spending in the sector was unchanged from 2016.
Company profiles
Some of the major players operating in the in global radar market are
• ASELSAN A.Ş.,
• Lockheed Martin Corporation.,
• Saab AB, Rockwell Collins.,
• Others
View full sample report: https://www.datamintelligence.com/research-report/radar-market
Download free sample: https://www.datamintelligence.com/download-sample/radar-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
• RADAR stands for Radio Detection and Ranging System. It is an electromagnetic system used to detect the location and distance of an object from the point where the RADAR is placed.
• It works by radiating energy into the air and monitoring the echo or reflected signal from the objects.
Market Dynamics
• The growing need for improving border safety is expected to propel the demand for surveillance equipment and military radars.
• Radars are mostly used for weapon guidance and surveillance. Also, widely used methods for guiding missiles such as Active Radar Homing (ARH) and Semi-Active Radar Homing (SARH) are making use of radar systems for accurate target tracking.
• The two of the additional severe problems in radar systems are those of beam blockage and beam overshoot. The scanning radar beam can be blocked entirely for various directions when the radar is sited in an area surrounded on some sides by higher terrain.
Market Segmentation Analysis
• The global radar market is categorized based on applications such as Military Applications, Air Traffic Control, Remote Sensing, Ground Traffic Control, and Space. Of these, Military applications hold a significant share of the market owing to various factors such as the rise in demand for hi-tech weaponry, public disputes, threats from adjoining countries, increasing safety concerns, and the growing investment in this sector by the governments of various countries.
• Based on the platform, the global radar market is bifurcated into Land, Naval, Airborne, and Space. According to Forecast International’s, the production of airborne and land/sea-based radars will generate USD 24.6 billion over the next ten years.
• It’s analysis projects that the segment’s top five companies – Raytheon, Northrop Grumman, MEADS International, Thales, and Rockwell International will garner roughly USD 12 billion during this forecast timeframe, representing 49% of the total 10-year market.
Geographical Analysis
• Geographically, the global radar market is segmented into Asia-Pacific, North America, Europe, South America, and RoW. Among all the regions, North America accounted for the largest share of the market due to high military spending.
• The military expenditure in the Americas region was valued USD 695 billion in 2017 which accounts approximately 40% of the global military spending. The USA and Canada are the major countries in this region, and they together hold 91% of the total region’s military spending. However, military spending in the sector was unchanged from 2016.
Company profiles
Some of the major players operating in the in global radar market are
• ASELSAN A.Ş.,
• Lockheed Martin Corporation.,
• Saab AB, Rockwell Collins.,
• Others
View full sample report: https://www.datamintelligence.com/research-report/radar-market
Download free sample: https://www.datamintelligence.com/download-sample/radar-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results