Blog Information
- Posted By : Marcel Mikaelson
- Posted On : Jun 13, 2023
- Views : 75
- Category : Technology
- Description : The global radar system market size reached US$ 33.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.
- Location : United States
Overview
IMARC Group, a leading market research company, has recently releases report titled, “Radar System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The study provides a detailed analysis of the industry, including the global radar system market report, size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the radar system market?
Report Attributes Details Market Size in 2022 US$ 33.7 Billion Market Forecast in 2028 US$ 42.2 Billion Growth rate (2023 to 2028) CAGR of 3.3% Base Year of the Analysis 2022 Forecast Period 2023-2028 What is radar system?
RADAR, short for radio detection and ranging, is an electromagnetic detection system that emits electromagnetic waves and analyzes their reflected echoes. Its primary function is to precisely locate objects and determine their target velocity. RADAR technology finds extensive use in military operations, serving naval, ground, and air defense purposes. It plays a crucial role in tracking and identifying satellites, spacecraft, and assisting aircraft in safe landing and take-off during unfavorable weather conditions. Moreover, RADAR systems have practical applications in air traffic control, remote sensing, ground traffic management, and space navigation.
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What are the growth prospects and trends in the radar system industry?
The market is driven by the thriving automotive industry and the growing integration of advanced safety features in passenger cars and transportation systems. Radar systems play a crucial role in digital signal processing by effectively detecting signals amidst high levels of electronic noise. Additionally, the expanding applications of radar systems in weather monitoring are fueling market growth, as radar signals can penetrate fog, clouds, snow, and mist. Furthermore, the healthcare sector is increasingly utilizing radar technology to monitor vital signals such as respiration, heartbeat, and blood pressure, contributing to a positive market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Pulse Radar
- Continuous Wave (CW) Radar
Breakup by Component:
- Antenna
- Transmitter
- Receiver
- Others
Breakup by Range:
- Short Range Radars
- Medium Range Radars
- Long Range Radars
Breakup by Application:
- Air Traffic Control
- Remote Sensing
- Ground Traffic Control
- Space Navigation and Control
- Others
Breakup by Frequency Band:
- X Band
- S Band
- C Band
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- BAE Systems Plc
- Dassault Aviation
- General Dynamics Corporation
- Honeywell International Inc.
- L3harris Technologies, Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Rockwell Collins Inc.
- SAAB AB
- Thales Group.
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