The global & Asia-Pacific radar market size was $32.56 billion in 2019, and is projected to reach $49.43 billion by 2027, to register a CAGR of 3.8% from 2020 to 2027. Radar is an electromagnetic system, which detects the location and distance of objects and uses radio waves to determine the spread, angle, and speed of an object, which falls within its radius.
Radar comprises a transmitter to produce an electromagnetic signal, which is radiated into space by an antenna. It is used to forecast and detect the spacecraft, aircraft, missiles, weather, and other forms of vehicles. Radar systems are majorly used in industrial applications such speed monitoring, object recognition & tracking, area & distance monitoring, collision avoidance with static & moving objects, owing to their high robustness in measuring distances, velocities, and angles as compared to optical or ultrasound systems.
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Competitive analysis and profiles of the major global & Asia-Pacific radar market players such as Northrop Grumman Corporation, Lockheed Martin Corporation, SAAB AB, Rockwell Collins Inc., Thales Group, Honeywell International Inc., L-3 Communications Holdings, General Dynamics Corporation, BAE Systems, and Dassault Aviation are provided in this report.
Key Benefits for Stakeholders:
This study comprises analytical depiction of the global & Asia-Pacific radar market size along with the current trends and future estimations to depict the imminent investment pockets.
The global & Asia-Pacific radar market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current global & Asia-Pacific radar market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and the global & Asia-Pacific radar market share of key vendors.
The report includes the market trends and the market share of key vendors.
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Global & Asia-Pacific Radar Market Report Highlights
By Plat forms Marine radarAir radarGround radarSpace radar
By Product Type Continuous Wave (CW) RadarPulse RadarOthers
By Application Air Traffic ControlRemote SensingGround Traffic ControlSpace Navigation & Control
By End User AutomotiveAviationIndustrialWeather MonitoringMilitary & DefenseOthers
By Region Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
Key Market Players BAE SYSTEMS, DASSAULT AVIATION, GENERAL DYNAMICS CORPORATION, HONEYWELL INTERNATIONAL INC., L3HARRIS TECHNOLOGIES, INC., LOCKHEED MARTIN CORPORATION, NORTHROP GRUMMAN CORPORATION, RAYTHEON TECHNOLOGIES CORPORATION, SAAB AB, THALES GROUP
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