3D Radar Market 2020 Comprehensive Insights- Honeywell International Inc., SAAB Group, Harris Corporation

The report presents an in-depth assessment of the Global 3D Radar including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global 3D Radar investments from 2019 till 2024.

The 3D radar market was valued at USD 657.59 million in 2017 and is expected to reach USD 1,836.34 million by 2023, recording a CAGR of 18.67%, during the forecast period of 2018-2023

The Global 3D Radar market is highly competitive and consists of a number of major players. Companies, like Northrop Grumman Corporation, Raytheon Company, Thales Group, BAE Systems PLC, Airbus Defense and Space, Honeywell International Inc., SAAB Group, Harris Corporation, Leonardo SpA, Aselsan AS, Rheinmetall AG, and Elta Systems Ltd, among others.

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Scope of the Report:

The military and defense sector has been accounting for a prominent share of the budgets of all developed countries, for some years. However, during the past couple of decades, several emerging economies, such as India, have increased their defense expenditure, to ensure the safety and security of their nations (USD 51.1 billion in 2016 to USD 52.5 billion in 2017, in India). This factor has boosted the demand for advanced military and defense technologies, among which, the 3D radar market is flourishing.

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Key Market Trends:

Increasing Demand for Unmanned Aerial Vehicles (UAVs)
An increase in the number of unmanned aerial vehicles (UAVs) is one of the important drivers that has accelerated the demand for the 3D radar market. Additionally, UAVs are operated by radio signals. Nowadays, UAVs are used to detect moving objects, such as choppers, tanks, and aircrafts, using a 3D radar.
This has resulted in an increased demand for the procurement of UAVs for military operations, which, in turn, propels the need for 3D radar, in the market. Rapid and continuous technological developments have led to the replacement of the old, conventional radar systems with 3D radar systems, thus augmenting the growth of the 3D radar market. Manufacturers have been striving to develop specialized 3D radars for airborne applications, to enable easy data collection in fast-changing terrains, such as active volcanoes and snow slopes. This factor is another significant driver for the 3D radar market. For instance, airborne 3D radar is deployed in both civil and military aircrafts that are utilized to detect another aircraft, without requiring visual contact, during the condition of zero visibility.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Global 3D Radar Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

Finally, Global 3D Radar Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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