About Naval Radar
Naval Radar are systems which allow navigation such as tracking or identifying of vessels using ARPA. This prevents possibilities of collusion and better navigation of ship to the destination. Naval Radars are advised to be on board of ship according to COLREGs issued by International Maritime Organisation. Naval Radars are majorly of two types that are S band and X band. S band radars are of 3 GHz Frequency whereas X band radar are of slightly higher 10 GHz frequency. Rise of Maritime shipping and increasing number of fishing vessels will drive the growth of naval radar market. Geographically, Asia Pacific is the biggest market because of growing maritime trade in the region.
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. 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.
BAE Systems plc (United Kingdom), Furuno Electric Co., Ltd. (Japan), Alphatron Marine B.V. (Netherlands), Garmin Ltd. (Switzerland), FLIR Systems, Inc. (United States), Lockheed Martin Corporation (United States), Kongsberg Group (Norway), Raytheon Company (United States), Saab AB (Switzerland) and Japan Radio Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Nantong Saiyang Electronics Co., Ltd. (China), Greatwall Shipping Ltd. (China) and Vishwas Maritronics (India).
Segmentation Overview
AMA Research has segmented the market of Global Naval Radar market by Type (S Band and X Band) and Region.
On the basis of geography, the market of Naval 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 Distribution Channel , the sub-segment i.e. Direct will boost the Naval Radar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component , the sub-segment i.e. Antenna will boost the Naval Radar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. Military Naval Ships will boost the Naval Radar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integrated Navigation Systems Comprised of Naval Radars, GPS, and AIS are increasing in Popularity
Market Growth Drivers:
Rise of Marine Trade and Shipping, Increasing Number of Fishing Vessels and Growth of Sea Piracy like Incidents
Challenges:
Technical Failures and Durability of Radars
Restraints:
Naval Radars are Relatively Expensive for Smaller Fishing Vessels to Operate
Opportunities:
China Presents Great Opportunity to Expand because of Presence of Large Merchant Navy Fleet
Market Leaders and their expansionary development strategies
In 2020, Furuno Electric, Japan based multinational navigation devices and equipment manufacturer has announced acquisition of EMRI which is Denmark based company specialising in steering controls, autopilot and other related technology. The acquisition expands Furuno’s product portfolio while strengthening its marine technology market in Europe and Asia Pacific region.
In 2020, Kongsberg, Norway based Tech. Company specialising Defence, and Maritime solutions has announced launch of a cloud based simulation service or training course for marine radar. This strengthens Kongsberg’s next generation digital training solutions portfolio.
According to Convention on the International Regulations for Preventing Collisions at Sea, 1972 (COLREGs), which is Published by International Maritime Organization, it is Mandated for Boats and Ships to be Equipped with Ship Tracking Devices to Prevent Collisions.
Key Target Audience
Naval Radar Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms 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.