What is Radar Systems Market?
RADAR, an acronym for radio detection and ranging that is using an electromagnetic waves with wavelengths. Increasing adoption of advanced RADAR system are used for digital signal processing and helpful to extract useful information from high noise level. Surging advent of new types of RADAR system has enhanced the development in technology by top players are providing lucrative opportunity of the very market.
The market study is being classified by Type (Continuous Wave RADAR Systems and Pulse Wave RADAR Systems), by Application (Ground-based radar systems, Airborne radar systems and Naval radar systems) and major geographies with country level break-up.
Lockheed Martin Corporation (United States), Rockwell Collins (United States), Saab Group (Sweden), Thales Group (France), Honeywell International (United States), General Dynamics Corporation (United States), Rheinmetall (Germany), BAE Systems (United Kingdom), Northrop Grumman Corporation (United States), The Raytheon Company (United States), Smart Radar System, Inc (United States) and Raptor Scientific LLC (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Reutech Radar Systems (South Africa), Weibel Scientific (Denmark) and Finmeccanica (Italy).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Radar Systems market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Radar Systems market by Type, Application and Region.
On the basis of geography, the market of Radar Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- rapid growth of automation in the automotive and aviation industry
- High Adoption Rate in Defense Sector Due to Increasing Security Related Issues
Market Trend
- Advent of Advanced Weather Interactive Processing System (AWIPS) and the Integrated Terminal Weather System
- Huge R&D Investment by Top Players Worldwide
Restraints
- high cost incorporated with the system installations and maintenance
Opportunities
- The Increasing Adoption of RADAR System to Maximise the Operational Efficiency in Air Transport Industry
- Surging Defense Spending in Developing Economies
Challenges
- Adverse Climatic Condition can Cause Malfunctioning of the RADAR System
Market Leaders and some development strategies
On 5th November 2020, Raptor Scientific announced that it has acquired Sensor Concepts, Inc. as it continues to pursue an aggressive M&A strategy consolidating the highly fragmented Aerospace & Defense testing and measurement product market. Sensor Concepts represents Raptor’s second acquisition in its first year of operation. The acquisition of Sensor Concepts further expands Raptor’s testing and measurement capabilities and brings the leading Tier II designer and manufacturer of radar cross-section (RCS) instruments and measurement services into its portfolio.
Key Target Audience
Radar System Manufacturers, Original Equipment Manufacturers, Sub-component Manufacturers, Aerospace and Defense Industry, Aircraft, Drone, and UAV Manufacturers, Technology Support Providers, Armed Services and Defense Software Providers