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(2023-2032) Commercial Radars Global Market Report : Top Manufacturers, Industry Challenges, Business Strategies, Revenue Value And Competitive Landscape | TERMA, Hensoldt Inc., Detect Inc., Raytheon Technologies Corporation, NEC Corporation
Commercial Radars Market
As per the Commercial Radars market report by The Business Research Company, increasing demand for drone detection systems (DDS) at airports is expected to drive the growth of the commercial radar market. Drones are dangerous for aircraft as they pose hazardous risks such as physical collision and radio frequency interference, which could lead to losing control over the plane, resulting in a crash. The cancellations, diversions, and delays of flights due to drones near airports pose a huge financial impact. In June 2022, Air Services Australia, an Australia-based government-owned organization, selected Thales as its primary system integrator for an Integrated Drone Surveillance System (IDSS) trial at Sydney Kingsford Smith Airport. In 2020, Heathrow International Airport in the UK installed the AARTOS DDS, which uses Aaronia's latest 3D model for the complete airport area (including buildings, bridges, towers, etc.). ASEAN international airports are also utilising drone detection systems. Thus, the ever-increasing risks posed by drones to the aviation industry are increasing the demand for drone detection systems, which is expected to boost market growth.
The global commercial radars market size will grow from $5.62 billion in 2022 to $5.98 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global commercial radars market size is expected to grow to $7.54 billion in 2027 at a CAGR of 6.0%.
Read More On The Commercial Radars Market Report Here:
https://www.thebusinessresearchcompany.com/report/commercial-radars-global-market-report
Major competitors in the Commercial Radars market include TERMA, Hensoldt Inc., Detect Inc., Raytheon Technologies Corporation, NEC Corporation, Thales Group, Indra Sistemas SA, Easat Radar Systems Limited, Leonardo SpA, Honeywell International Inc., GEM Electronica, Blighter Surveillance Systems Ltd., and FLIR Systems.
The Commercial Radars market is segmented -
• By Type: Commercial Aircraft Radars, Commercial Helicopters Radars, Business Jets Radars, UAV Radars
• By Technology: Quantum Radar, Conventional Radar, Software Defined Radar (SDR)
• By Dimension: 2D, 3D, 4D
• By Application: Surveillance Radars, Surface Movement Radars, Precision Approach Radars, Weather Radars, Others
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Commercial Radars market.
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A commercial radar is a detection system used to detect the presence, direction, distance, and speed of an aircraft. The commercial radar includes components such as an array antenna front end, T/R modules, an array antenna backplane, a radar back end, a radar processor and display, and a radar scheduler.
The Table Of Content For The Commercial Radars Market Include:
1. Executive Summary
2. Commercial Radars Market Characteristics
3. Commercial Radars Market Trends And Strategies
4. Commercial Radars Market - Macro Economic Scenario
5. Commercial Radars Market Size And Growth
……..
29. Key Mergers And Acquisitions In The Commercial Radars Market
29. Commercial Radars Market Future Outlook and Potential Analysis
30. Appendix
The "Global Commercial Radars Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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