Radar System Market to Reach US $42.2 Billion By 2028

IMARC Group, a leading market research company, has recently releases report titled “Radar System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global radar system market size, share, trends, Opportunities, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the radar System market?

Radar (Radio Detection and Ranging) system represents an electromagnetic arrangement that detects the distance and location of objects through radio waves. It determines the angle, spread, and speed of the things that are under its range or radius. Radar systems are of two major types, including continuous wave and pulse based. They contain a transmitter to produce electromagnetic signals, which get reflected and received through an antenna. As a result, radar systems find widespread applications in object recognition, speed monitoring, tracking, collision avoidance, area, distance and weather monitoring, air traffic control, and speed enforcement. 

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What are the growth prospects and trends in the radar System Industry?

The expanding aviation, space, and defense industries are among the primary factors driving the radar system market. Besides this, the escalating demand for this arrangement in advanced weather monitoring designs to gauge atmospheric conditions to enhance aviation safety and provide agricultural alerts and flood warnings is further augmenting the market growth. Moreover, the elevating requirement for radar systems in ocean and space surveillance, remote sensing, and missile guidance equipment, on account of the increasing territorial conflicts and cross-border disputes, is also catalyzing the global market.

Apart from this, the inflating investments by public and private agencies to upgrade the overall defense infrastructure and the rising usage of this technique in autonomous vehicles to detect obstacles and other cars to prevent accidents and improve safety are acting as significant growth-inducing factors. Furthermore, the development of cost-effective and miniaturized structures in automobiles which can operate in narrow spaces and are equipped with digital signal processing capabilities to extract information from high noise inputs is expected to bolster the radar system market in the coming years. 

What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights:

• Pulse Radar
• Continuous Wave (CW) Radar

Component Insights:

• Antenna
• Transmitter
• Receiver
• Others

Range Insights:

• Short Range Radars
• Medium Range Radars
• Long Range Radars

Application Insights:

• Air Traffic Control
• Remote Sensing
• Ground Traffic Control
• Space Navigation and Control
• Others

Frequency Band Insights:

• X Band
• S Band
• C Band
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market along with the profiles of the key players.

• BAE Systems Plc,
• Dassault Aviation,
• General Dynamics Corporation,
• Honeywell International Inc.,
• L3harris Technologies, Inc.,
• Lockheed Martin Corporation,
• Northrop Grumman Corporation,
• Raytheon Company,
• Rockwell Collins Inc.,
• SAAB AB,
• Thales Group, etc.

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