About Marine Radar
Marine radar is highly dependent on the shipbuilding sector, and with the help of radar the locations of other ship and lands can be determined easily. The surging defence operations in naval/government applications pertaining to coastline surveillance and commercial application in weather forecasting are expected to spur the growth of the marine radar market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Marine Radar market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Furuno (Japan), Lockheed Martin (United States), Northrop Grumman (United States), Raytheon (United States), Saab (Sweden), Japan Radio Co. Ltd. (Japan), BAE Systems (United Kingdom), Alphatron Marine (The Netherlands) and Garmin Ltd. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Marine Radar market by Type (X Band Radar and S Band Radar), Application (Merchant Marine, Fishing Vessel, Yacht/Recreational and Military Naval) and Region.
On the basis of geography, the market of Marine Radar 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). If we see Market by Range Type, the sub-segment i.e. Long Range (Above 48kms) will boost the Marine Radar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Growth of New Installation as well as Replacement of the Existing Technologies
Market Growth Drivers:
Increasing Adoption of E-Navigation Technology for Inter-Connecting of Radar Display and Surging Demand for Pleasure Boats and Luxury Boats, Need to be Installed with the Marine Radars
Challenges:
Hindrance in the Functionality of Radar Security Systems due to Growing Cyber-Warfare
Restraints:
High Development Cost
Opportunities:
Increase in Investment and Development of Ballistic Missile and Air Missile Defence Systems
Market Leaders and their expansionary development strategies
In September 2020, Garmin International, Inc., a unit of Garmin Ltd., the world’s leading marine electronics manufacturer1, today announced the GMR Fantom™ 254/256 open-array radars delivering 250W of pulse compression power, its highest-powered solid-state marine radar on the market. The new Fantom 254/256 series uses Garmin’s signature MotionScope™ technology to detect and highlight moving targets in different colors, helping users avoid potential collisions, find flocks of birds and track weather.
In March 2024, Iceye, a company that builds and operates a constellation of microsatellites equipped with synthetic aperture radar (SAR) sensors, has launched a new maritime surveillance product called Ocean Vision.
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.