RADAR Market 2021 Industry Key Trends, Demand, Growth, Size, Review, Share, Analysis to 2028
RADAR Market is expected to grow at high CAGR of 3.6% in 2028
(EMAILWIRE.COM, August 23, 2021 ) 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 Drivers and Restraints
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.
Placing the radar on top may alleviate this problem, but doing so may cause the radar beam to overshoot lower levels. As a result, the precipitation intensity can be underestimated, or some precipitation may go undetected altogether.
Market Segmentation Analysis
By Range
Short Range
Medium Range
Long Range
By Application
Military Applications
Air Traffic Control
Remote Sensing
Ground Traffic Control
Space
Others
By Platform
Land
Naval
Airborne
Space
Geographical Share
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 regions military spending. However, military spending in the sector was unchanged from 2016.
Competitive Analysis
Some of the major players operating in the in global radar market are ASELSAN A.Ş., Lockheed Martin Corporation., Saab AB, Rockwell Collins., Northrop Grumman Corporation, Thales Group, Raytheon, HENSOLDT, Harris Corporation, and SRC, Inc. In April 2017, Lockheed Martin Corporation, a leading player in the radar market, launched a new long-range discrimination radar in 2017 for detection of Intercontinental Ballistic Missiles (ICBMs).
Related Topic's
Automotive Radar Market, Surveillance Radar Market, Synthetic Aperture Radar Market, Secondary Surveillance Radar Market, GPS Tracker Market
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 Drivers and Restraints
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.
Placing the radar on top may alleviate this problem, but doing so may cause the radar beam to overshoot lower levels. As a result, the precipitation intensity can be underestimated, or some precipitation may go undetected altogether.
Market Segmentation Analysis
By Range
Short Range
Medium Range
Long Range
By Application
Military Applications
Air Traffic Control
Remote Sensing
Ground Traffic Control
Space
Others
By Platform
Land
Naval
Airborne
Space
Geographical Share
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 regions military spending. However, military spending in the sector was unchanged from 2016.
Competitive Analysis
Some of the major players operating in the in global radar market are ASELSAN A.Ş., Lockheed Martin Corporation., Saab AB, Rockwell Collins., Northrop Grumman Corporation, Thales Group, Raytheon, HENSOLDT, Harris Corporation, and SRC, Inc. In April 2017, Lockheed Martin Corporation, a leading player in the radar market, launched a new long-range discrimination radar in 2017 for detection of Intercontinental Ballistic Missiles (ICBMs).
Related Topic's
Automotive Radar Market, Surveillance Radar Market, Synthetic Aperture Radar Market, Secondary Surveillance Radar Market, GPS Tracker Market
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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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