Marine Radar Market Analysis to 2025 Leading by Furuno Electric Co., Ltd., Lockheed Martin Corporation, Saab AB, Kelvin Hughes Limited

The "Global Marine Radar Market Analysis to 2025" is a specialized and in-depth study of the marine radar industry with a focus on the global market trend. The report aims to provide an overview of global marine radar market with detailed market segmentation by type, application and geography. The global marine radar market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

Increasing demand for surveillance and weapon guidance application is the major driver which helps in surging the growth of marine radar market whereas fluctuation in raw material prices act as a restraining factor for this market. It is expected that radar technology would be capable of performing electronic attack which will add new opportunities for this market in the forecast period.

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Leading Players:

1. Furuno Electric Co., Ltd.
2. Lockheed Martin Corporation
3. Saab AB
4. Kelvin Hughes Limited
5. BAE Systems
6. West Marine

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global marine radar market based on type and application. It also provides market size and forecast till 2025 for overall marine radar market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.

Marine radar are short range radars which are used by ships to find the location of land and other ships in that area, hence due to this reason they are highly installed in the ships. This technology has made marine travel considerably safer and it also helps to avoid accidents at sea. These system have proved to be very useful for war ships for tracking the location of enemy ships.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.

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Also, key marine radar market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

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This release was published on openPR.