Radar Market 2023 Global Size, Share, Top Leaders, Trends, Growth Factors, Segmentation, Analysis, Opportunities and Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Radar market report by The Business Research Company, An increase in seaborne trade globally propels the growth of the radar market. The seaborne business continues to grow, benefiting consumers and companies worldwide through lower freight costs. Through seaborne trade, goods are shipped in containers and tankers via a sea route that enables the shipping of a large volume of goods at a low cost. Due to these dynamic and cheaper transport services, there is an increase in the use of the sea for the trading of goods and services, resulting in the increasing demand for radar which helps in navigating, identifying landmasses, detecting boats, birds, and weather systems.

The global radar market size is expected to grow from $32.93 billion in 2022 to $35.41 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. 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 radar market size is expected to grow to $45.55 billion in 2027 at a compound annual growth rate (CAGR) of 6.5%.

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https://www.thebusinessresearchcompany.com/report/radar-global-market-report

Major competitors in the Radar market include Lockheed Martin Corporation, BAE Systems, Saab Group, L-3 Communications Holdings, Northrop Grumman Corporation, Dassault Aviation, Thales Group, Harris Corporation, Honeywell International Inc., Raytheon Company, Rockwell Collins Inc., Leonardo SpA, SRC Inc., Infineon Technologies AG, Reutech Radar Systems, Hensoldt and Collins Aerospace.

The Radar market is segmented -
• By Type: Detection And Search, Targeting Radars, Weather Sensing Radars, Navigational Radars, Mapping Radars, Other Types
• By Component: Antenna, Transmitter, Receiver, Other Components
• By Range: Long, Medium, Short
• By End Use: Military, Aviation, Weather Forecast, Ground Traffic Control, Others End Uses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Radar market.

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Radar refers to a system that emits radio waves and processes their reflections for display. Radar devices are synchronized with radio transmitters and receivers, mainly used for detecting and locating objects. It has an electromagnetic sensor that detects, finds, tracks, and recognizes objects in the atmosphere, such as aircraft, spacecraft, ships, insects, and birds.

The Table Of Content For The Radar Market Include:
1. Executive Summary
2. Radar Market Characteristics
3. Radar Market Trends And Strategies
4. Radar Market - Macro Economic Scenario
5. Radar Market Size And Growth
.....
26. Africa Radar Market
27. Radar Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Radar Market
29. Radar Market Future Outlook and Potential Analysis
30. Appendix

The "Global Radar 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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