openPR Logo
Press release

What's operating the Radar Market, Worldwide Industry Growth? BAE Systems, SAAB AB, General Dynamics Corporation, Honeywell International Inc., and Leonardo S.p.A

06-12-2019 04:11 PM CET | IT, New Media & Software

Press release from: Future Market Insights

What's operating the Radar Market, Worldwide Industry Growth? BAE Systems, SAAB AB, General Dynamics Corporation, Honeywell International Inc., and Leonardo S.p.A

A new report published by Future Market Insights (FMI) titled “Radar Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” states that with the increasing focus of governments on defence and the growing budget of the sector are expected to trigger substantial growth in the global radar market in the coming years. Radar is a type of object-detection system that employs radio waves for determining the angle, range, or velocity of respective objects. It can also be used for detecting ships, aircraft, guided missiles, motor vehicles, weather formations, spacecraft, and terrain. As a result of these benefits, the demand for radar is likely to rise over time, especially in the defence and aerospace sectors.

The global market for radars is expected to witness a CAGR of 8.3% from 2017 to 2027. The market is expected to touch a valuation of over US$ 50.8 Bn by the end of 2027.

Request to View Sample of Research Report @ www.futuremarketinsights.com/reports/sample/rep-gb-267

Increasing Application Areas to Present Lucrative Growth Prospects

Radar detectors are employed to map out climatic conditions for the air force, army, and other maritime tasks. Shuttle, air ship, boats, and vehicles are few of the key users of radar innovation. The presentation of 3D radar innovation and an expansion in the utilization of unmanned aerial vehicles (UAVs) is driving the market for radar framework and innovation internationally. Unmanned vehicles are basically utilized in peacekeeping activities and are additionally utilized for reconnaissance purposes. These UAVs work on radio signs, and the installed radar permits these UAVs to execute moving target location, which can track and distinguish moving articles, for example, tanks, choppers, and flying machine with a range up to 9.32 miles. This has brought about and advancement in UAVs for military powers over the world, which will, thus, drive the market for radars in the forthcoming years.

However, budgetary constraints and the dearth of indigenous capacities in several nations are likely to act as a road block in the growth of the global radar market in the course of the forecast period.

Defence and Aerospace to Grab a Substantial Piece of the Pie; Automotive to Catch up

Growing security concerns along with rising defence budgets of both developing and developed nation are the core factors that are expected to boost the growth of the global radar market in the long run. Technological proliferation is expected to have incessant impacts on the growth of the market in this sector.

The developing market for radars is expected to be in the automotive industry. While today’s cars make limited use of radars, future cars are anticipated to integrate radars as a default element in their models. The chances for radar companies to capitalize on this evolving market are currently very high. Several automakers are still looking to partner with component manufacturers on integrated radar systems. For radar manufacturers, the time to invest in automotive radars is ideal because automotive radars are still under research and an early investment from the companies in the R&D process would stand them to gain a favourable learning chance.

Other than these, based on type, detection and search radars will the most used radars followed by weather sensing radars by the end of the forecast period. On the basis of range, the market is expected to be led by medium range. Based on platform, radar are likely to be used highly in airborne activities.

Need more information about Report methodology @ www.futuremarketinsights.com/askus/rep-gb-267

Key Players to Focus on Technological Enhancement

The players operating in the market are likely to focus on technological enhancement at present to maintain a strong hold over the market in the long run. The leading companies in the market are BAE Systems, SAAB AB, General Dynamics Corporation, Honeywell International Inc., and Leonardo S.p.A, among others.

Radar Market Reports - Table of Contents
1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Market Snapshot

3. Market View Point

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

4. Global Market Analysis 2012–2016 and Forecast 2017–2027

4.1. Market Size and Y-o-Y Growth

4.2. Absolute $ Opportunity

4.3. Value Chain

4.4. Key Regulations

5. North America Radar Market Analysis 2012–2016 and Forecast 2017–2027

5.1. Introduction

5.2. Regional Market Dynamics & Impact Analysis

5.2.1. Drivers

5.2.2. Restraints

5.2.3. Trends

5.3. Market Size (US$ Mn) By Country, 2012-2016

5.3.1. U.S.

5.3.2. Canada

5.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027

5.4.1. U.S.

5.4.2. Canada

5.5. Market Size (US$ Mn) and Forecast By Application

5.5.1. Defense & Aerospace

5.5.2. Marine

5.5.3. Weather Forecasting

5.5.4. Remote Sensing

5.5.5. Automotive

5.5.6. Others

5.6. Market Size (US$ Mn) and Forecast By Type

5.6.1. Detection & Search Radar

5.6.1.1. Early Warning RADAR System

5.6.1.2. Target Acquisition RADAR System

5.6.1.3. Surface Search RADAR System

5.6.1.4. Others

5.6.2. Targeting RADAR

5.6.2.1. Airborne Intercept Radar

5.6.2.2. Battlefield & Reconnaissance Radar

5.6.2.3. Others

5.6.3. Weather-sensing RADAR

5.6.3.1. Weather RADAR

5.6.3.2. Millimetre Cloud RADAR

5.6.3.3. Others

5.6.4. Navigational RADAR

5.6.4.1. Air Traffic Control RADAR

5.6.4.2. Terrain Following RADAR

5.6.4.3. Others

5.6.5. Mapping RADAR

5.6.5.1. Imaging RADAR

5.6.5.2. 3D RADAR

Browse Full Report: www.futuremarketinsights.com/reports/radar-market

Contact Us

U.S. Office

616 Corporate Way, Suite 2-9018,

Valley Cottage, NY 10989,

United States

T: +1-347-918-3531

F: +1-845-579-5705

Email: sales@futuremarketinsights.com

Blog: www.technorhythms.com/

Web: www.futuremarketinsights.com/

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What's operating the Radar Market, Worldwide Industry Growth? BAE Systems, SAAB AB, General Dynamics Corporation, Honeywell International Inc., and Leonardo S.p.A here

News-ID: 1773399 • Views: 134

More Releases from Future Market Insights

Video on Demand Service Market- The Animation segment is Expected to Grow at a h …
A recent market report published by Future Market Insights titled “Video on Demand Service Market: Global Industry Analysis (2014-2016) & Opportunity Assessment (2017-2027)” presents detailed insights and a revised forecast of the global video on demand service market for the period 2017 – 2027. According to the report, the global market for video on demand service was valued at around US$ 53 Mn in 2016, and is expected to register
Smart Home Devices Market- Technological Advancements to Underscore Lucrative Gr …
A new report published by Future Market Insights titled ‘Smart Home Devices Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)’ studies the performance of the global smart home devices market over a 10 year assessment period from 2017 to 2027. The report presents the value forecast of the global smart home devices market and provides key insights on the factors driving market growth as well
Automatic Coffee Machines Market- Technological Advancements to Underscore Lucra …
Growing need to offer quick services in cafés and restaurants has led to surge in demand for automatic coffee machines globally. In addition, surge in demand for technologically enhanced automatic coffee machine is projected to impact the global market growth of automatic coffee positively. Future Market Insights states that the global market of automatic coffee machine is projected to register a CAGR of 6.0% over the forecast period, 2017-2026. Factors Fuelling
Version Control Systems Market- Competitive Analysis by Leading Industry Players …
A new report published by Future Market Insights titled “Version Control Systems Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027)” tracks the details of the global market for a projected period of 10 years, i.e. between 2017 and 2027. According to this report, global sales of version control systems is estimated to be valued at US$ 326.1 Mn in 2017 and is estimated to reach US$ 971.8 Mn by

All 60883 Releases


More Releases for RADAR

Radar Gun Market to Witness Huge Growth | Sports Radar, Uniden, Sports Sensors, …
HTF MI released a new market study on Global Radar Gun Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates
3D Radar Market - Increasing Adoption of 3D Radar By Airports
The military and defense sector has been constituting a prominent chunk of budget in the economy of all developed countries for a number of years but in the past couple of decades, a number of emerging economies have incremented their expenditure on ensuring safety and security of their nation. This factor has given thrust to the demand for advanced military and defense technologies, among which, the 3D radar market is
Spyware tracking under the radar
The U.S. has seen a massive growth in sales of “off-the-shelf” software to trace an individual’s every move based on the microwaves emitted by their mobile phones. This opens the door to privacy and personal data security issues. The fear of being watched has been expressed by 80% of Americans. The growth in consumer spyware looks set to continue over the next year and it is unclear how it can be
Automotive RADAR Market Outlook by Range (Long Range Radar (LRR), Medium Range R …
Automotive RADAR system plays a vital role in advanced driver assistance system (ADAS) by continuously sensing the distance between vehicles in real-time, improving driving efficiency and increasing safety. These system are mainly used for preventing and alerting vehicle from collision detection, warning and mitigation. The boosting demand for advanced innovative features such as travel control will escalate the demand for automotive RADARs and also these systems will minimize human errors
SYNTHETIC APERTURE RADAR (SAR) MARKET
Synthetic aperture radar market refers to the space and air-based SAR that functions on the principle of transmission and reception of the reflected signals that interact with the ground and aid in the imaging, tracking, detection and characterization. SAR finds significant applications over the conventional electro optical (EO) imaging systems, primarily owing to microwaves being able to penetrate through clouds and provide consistent 24 hour, all weather data efficiency. Increasing traction
Radar Detector
A radar detector is an electronic instrument used by auto drivers as an indicator. It shows whether or not their speed is being observed by a traffic enforcement official. Ironically, the term radar detector was taken from early speed-detection techniques, where police would use a radio wave and bounce it off of a moving vehicle. This would find out the car’s speed with a tempered change in the frequency of