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Marine Radar Market Worldwide & Regional Industry Size, Trends, Analysis, Statistics & Forecast, 2016-2028

03-03-2020 01:33 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Marine Radar Market

Marine Radar Market

A recent report published by QMI on the Marine Radar market is a detailed assessment of the most important market dynamics. After carrying out a thorough research of marine radar market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for marine radar during the forecast period. It can enable manufacturers of marine radar to change their production and marketing strategies in order to envisage maximum growth.

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According to the report, the increasing demand for luxury boats and weapon guidance and surveillance system is expected to drive the growth of the global marine radar market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Marine radars are short-range radars used to determine the location of land and ships and helps in avoiding sea accidents. Marine radars are useful during wars, as ships are capable of keeping track of the enemy ships. The incorporation of automatic radar plotting aids (ARPA) makes marine radars technologically advanced. The marine radar system works on electronic navigation devices, which include antenna rotation to transmit a narrow microwave beam. An object reflects those microwaves and this depletion is shown on display as an image.

This system is also used in several other applications besides the defense & military sector, such as astronomy, anti-missile systems, aircraft anti-collision systems, meteorological monitoring, etc. These advancement radar systems can perform a long-distance inspection of wide areas and stationary targets. These advanced radar systems help in the processing of digital signals and help extract useful information from high noise levels. The global marine radar market is expected to grow as marine radar installation is mandated by governments of different countries to avoid marine accidents.

Segmentation for better understanding of this market and its growth prospects:
The global marine radar market has been segmented on the basis of type and application. Based on type, the X-band segment is expected to grow significantly due to their high deployment in small-medium sized vessels. Based on the application, the merchant marine segment is expected to grow due to a large number of existing as well as newly ordered fishing vessels.

Important Factors Impacting Market Growth:
o Increasing demand for weapon guidance and surveillance
o Increasing demand for pleasure boats and luxury boats
o Government mandates for the installation of marine radars in ships and boats

Analysis of regions to understand their potential for growth:
The Global Marine Radar market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for the global marine radar market during the forecast period. Major countries in these regions include the US, France, UK, Germany, Italy, Russia, Canada, and so on. This sector is one of the key contributors to the economies in the region.

The Asia Pacific is estimated to be the fastest-growing region with increasing expenditure on defense and space research. With the presence of some of the fastest-growing economies including India and China, this region is projected to be a major market for global marine radar during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for marine radar market during the forecast period. The rest of the World is an emerging market for global marine radar with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. FURUNO ELECTRIC CO., LTD.
2. Lockheed Martin Corporation
3. Northrop Grumman Corporation
4. Raytheon Company
5. Saab AB
6. Japan Radio Co. Ltd.
7. BAE Systems
8. Johnson Outdoors Inc
9. and Alphatron Marine BV

Market Segmentation:
By Type:
o S-band
o X-band
o Others
By Component:
o Transmitter
o Waveguides
o Antenna
o Duplexer
o Receiver
o Threshold Decision
By Application:
o Yacht/Recreational Boat
o Merchant Marine
o Fishing Vessel
o Military Naval
By Region:
o North America
o By Country (US, Canada, Mexico)
o By Type
o By Component
o By Application
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Component
o By Application
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Component
o By Application
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Component
o By Application
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Component
o By Application
o Rest of the World
o By Region (South America, Africa)
o By Type
o By Component
o By Application

Reasons to Buy This Report:
o Market size estimation of the global marine radar market on a regional and global basis.
o The unique research design for market size estimation and forecast.
o Profiling of major companies operating in the market with key developments.
o Broad scope to cover all the possible segments helping every stakeholder in the market.

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 706 672 5858 / +91 706 672 5858 / +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

ABOUT US:

QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world's most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

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