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Airborne Radars Market: Know About Technology Advancements by 2020-2025 with Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, Hensoldt AG, BAE Systems and more.
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The airborne radars market is projected to grow from USD 4.1 billion in 2020 to USD 6.0 billion by 2025, at a CAGR of 8.0% from 2020 to 2025.
Top Key Players Profiled in the Airborne Radars Market:
• Lockheed Martin Corporation (US)
• Northrop Grumman Corporation (US)
• Thales Group (France)
• Hensoldt AG (Germany)
• Leonardo SPA (Italy)
• BAE Systems (UK)
• Israel Aerospace Industries (Israel)
• Saab AB (Sweden)
• Aselsan (Turkey)
• Elbit Systems (Israel)
• L3Harris Technologies (US)
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“The digital signal processor segment of the market is projected to grow at the highest CAGR from 2020 to 2025.”
Based on component, the digital signal processor segment is projected to grow at the highest CAGR during the forecast period. The growth in the airborne radars market is expected to drive the growth of these different components proportionately. The requirement of advanced radar systems, as well as upgradation and modernization of conventional radar, will help grow the market for radar components.
“Based on platform, the UAVs segment is projected to lead the airborne radars market across the forecast period”
Based on platform, the UAVs segment is projected to grow at the highest CAGR during forecast period. The demand for sophisticated airborne radars to support airborne surveillance activities through UAVs by several defense organizations is driving the UAVs segment growth globally.
“The North American region is estimated to account for the largest share of the airborne radars market in 2020”
The airborne radars market in the North American region is expected to witness substantial growth during the forecast period, owing to increased investments in airborne radar technologies by countries in this region. Defense forces of the US and Canada are involved in the development of technologically advanced radar systems for airborne platforms such as fighter aircraft and UAVs, which drives market growth.
Breakdown of primary participants’ profile:
• By Company Type: Tier 1 - 30%; Tier 2 - 40%; and Tier 3 - 30%
• By Designation: C Level Executives - 40%; Directors - 32%; and Others - 28%
• By Region: North America - 40%; Europe - 15%; Asia Pacific - 40%, Rest of the World - 5%
Reason to access this report:
This report is expected to help market leaders/new entrants by providing them the closest approximations of the revenue numbers for the overall airborne radars market and its segments. This study is also expected to provide region-wise information about the applications wherein airborne radar solutions are used. It also aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies.
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