Global Radar System Market is Expected to Reach a Value of USD 36.27 billion by 2027

Radar System Market is expected to rise at annual rate of 6.04% and is anticipated to reach USD 36.27 billion by 2027 due to accelerating number of research and development activities for the development of automotive industry and the introduction of modern warfare system such as electronic warfare and network centric and are driving the market growth during the forecast period of 2020 to 2027.

The prologue of autonomous vehicle technology along with occurrence of low cost and miniaturized radars will cater various new opportunities that will lead to the growth of the radar system market in the above mentioned forecast period.

Radar System Market Scenario

According to Data Bridge Market Research, the market for radar system is witnessing growth due to certain factors such as, increasing usages of radars in automatic vehicles and the prevalence of better effectiveness by using enhanced radars system. Some of the restraints may hinder the growth of the market such as, rising government regulations about bandwidth allocations along with high price of development.

Now the question is which are the other regions that radar system market is targeting? Data Bridge Market Research has forecast a large growth in the Asia-Pacific in the forecast period of 2020-2027 due to the espousal of advanced technology along with accessibility of funds for further expansion of technology. On the contrary, North America is seen to dominate the radar system market due to the popularity of majority of market players.

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Radar System Market Development

  • In June 2019, BAE Systems, Inc. has announced the attainment of Riptide Autonomous Solutions. It is a supplier of an inventive, reasonable unmanned underwater vehicle (UUV) technology and solutions. Adding up of Riptide's technological competence will position BAE systems to provide customer’s unrivaled suppleness by offering UUVs and also integrated payload solutions are able to support various critical missions.

Radar System Market Scope

Radar system market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of radar system market is further analyzed based on maximum granularity into further segmentation. Radar system market on the basis of technology has been segmented as pulsed radar, and CW radar. Based on component, radar system market has been segmented into antenna, transmitter, and receiver. On the basis of range, radar system market has been segmented into short range radars, medium range radars, and long range radars. On the basis of application, radar system market has been segmented into naval, ground, space-based, air, automotive, aviation, industrial, weather monitoring, and others. Radar system has also been segmented on the basis of frequency band into HF band, V/UHF band, L band, 5 S band, C band, X band, K/KU/KA band, and millimetric band. Based on vehicle radars, radar system market has been segmented into synthetic aperture radar, and maritime patrol radar.

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Key Pointers Covered in the Radar System Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Lockheed Martin Corporation
  • Rockwell Collins, Inc
  • Saab AB
  • Honeywell International Inc
  • General Dynamics Corporation
  • Rheinmetall AG
  • BAE Systems
  • Northrop Grumman Corporation
  • Raytheon Technologies
  • Thales Group
  • Reutech Radar Systems
  • IAI
  • Airbus S.A.S
  • L3Harris Technologies, Inc
  • Infineon Technologies AG

Above are the key players covered in the report, to know about more and exhaustive list of radar system companies’ contact us

Research Methodology of Radar System Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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