New York, NY, May 13, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Radar System Market By Technology (Pulsed Radar and Continuous Wave (CW) Radar), By Application (Naval, Ground, Space-Based, Air, Automotive, Aviation, Industrial, Weather Monitoring, and Others), By Component (Antenna, Transmitter, Receiver, and Others), By Band (HF, UHF, VHF, L, X C, S, Ku, V, K, Ka, W, and Others), and By Range (Short, Mid, and Long): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global radar system market was around USD 21,400 million in 2018 and is expected to reach approximately USD 30,932 million by 2025, at a CAGR of around 5.35% between 2019 and 2025.
Radar stands for Radio Detection and Ranging System. RADAR is mainly an electromagnetic system that is used for detecting locations and distances of an object. Radar functions in the microwave range and UHF (ultra-high frequency) range. In the military, radars are used for surveillance, warning, accurate detection, tracking, and ground mapping of aircraft and weapons in the war zone. The escalation in investment activities, especially in developing countries to strengthen their armies is likely to support the radar system market in the future. Growing safety and security concerns and increasing defense budgets of various countries globally are estimated to further spur the growth of the global radar system market. Moreover, technological advancements in radar systems leading to the development of lightweight radars are likely to add to the value growth to the market in the years ahead.
Browse through 88 Tables & 42 Figures spread over 110 Pages and in-depth TOC on “Global Radar Systems Market: Technology, Size, Share, Growth, Analysis, and Forecast, 2018–2025”.
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In March 2018, BAE Systems was selected to upgrade the long-range high-frequency radar network of Australia. The JORN (Jindalee Operational Radar Network) shields coastal area of Australia through a network of three remote radars in Western Australia, Queensland, and the Northern Territory. The company needs an investment of USD 1 billion to upgrade JORN. In April 2019, NXP Semiconductors partnered with Hawkeye Technology, a Chinese company that specializes in automotive radars. Under this partnership, Hawkeye will offer advanced millimeter wave radar system-level solutions, inclusive of technical support for Tier-1 clients.
By technology, the global radar system market is classified into pulsed radar and continuous wave (CW) radar. In 2018, pulse radars dominated the global market due to their use in various applications.
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By application, the market includes naval, ground, space-based, air, automotive, aviation, industrial, weather monitoring, and others. In 2018, the aviation segment dominated the market owing to the flourishing aviation industry, rising tourism, and economic development.
By component, the global radar system market includes antenna, transmitter, receiver, and others. The antenna component had dominated the market in 2018. Antennas play a crucial role in sending and receiving signals, which makes them an important part of radar systems. The band segment of the market comprises HF, UHF, VHF, L, X C, S, Ku, V, K, Ka, W, and other bands.
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By range, the radar system market includes short, mid, and long. In 2018, the long-range segment dominated the market owing to its growing use in military, space, and aviation industries. Moreover, long-range radar systems are used to guide space vehicles, observe planetary systems, track satellites, and monitor meteors.
On the basis of geography, the Asia Pacific region is projected to show substantial market growth over the estimated time period. This can be attributed to the presence of developing economies like India and China, economic development, the rapid growth of aviation, space, and defense industries across the region. Additionally, increasing investments made by leading global players and governments in the research and development activities to strengthen the region’s defense and space industries is also propelling the radar system market growth in the Asia Pacific.
Browse the full “Radar System Market By Technology (Pulsed Radar and Continuous Wave (CW) Radar), By Application (Naval, Ground, Space-Based, Air, Automotive, Aviation, Industrial, Weather Monitoring, and Others), By Component (Antenna, Transmitter, Receiver, and Others), By Band (HF, UHF, VHF, L, X C, S, Ku, V, K, Ka, W, and Others), and By Range (Short, Mid, and Long): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/radar-systems-market
North America acquired the largest share of the global radar system market in 2018, due to advanced infrastructure, various technological developments, growing use of radar systems in the defense industry, huge investments made in defense and space industries witnessed across the region and developed aviation industry.
Europe accounted for the second highest share in the global radar system market in 2018, due to the growing use of automotive radar systems. Technological advancements soundly established the region’s automotive industry and high investments made in R&D are likely to further drive this region’s market growth in the future. Strict government regulations for road safety have led to the adoption of automotive radars is also anticipated to propel the radar systems market in Europe.
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Latin American and the Middle Eastern and African regions are expected to grow at a relatively low rate in the future in the global radar system market, owing to increasing tourism.
Some major companies operating in the global radar system market are Airbus Defense and Space, BAE Systems, Honeywell International, Exelis, Lockheed Martin Corp., General Dynamics, Finmeccanica, Israel Aerospace Industries, Rockwell Collins Saab, Raytheon Corp., Reutech Radar Systems, Northrop Grumman, Rheinmetall AG, and Thales Group.
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This report segments the global radar system market into:
Global Radar System Market: Technology Analysis
- Pulsed Radar
- Continuous Wave (CW) Radar
Global Radar System Market: Application Analysis
- Naval
- Ground
- Space-Based
- Air
- Automotive
- Aviation
- Industrial
- Weather Monitoring
- Others
Global Radar System Market: Component Analysis
- Antenna
- Transmitter
- Receiver
- Others
Global Radar System Market: Band Analysis
- HF
- UHF
- VHF
- L
- XC
- S
- Ku
- V
- K
- Ka
- W
- Others
Global Radar System Market: Range Analysis
- Short
- Mid
- Long
Global Radar System Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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