Long Radar System Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

The global long radar system market is anticipated to grow at a significant CAGR during the forecast period. The radar systems operate through range radar systems to detect the objects by using echo and radio signal waves. Signal detects a suspected object by catching waves that strike the very object and come back to the system for verification. The various categories prevalent in the market include naval radar, airborne radar, land radar, and space-based radar. The market growth is majorly attributable to the widespread usage of such radar systems in the defense vertical of various emerging economies.

Since these radars are deployed to pinpoint any possible threat detection in their specified range, their use in detecting the potential terrorist attack is maximum for defense purposes. Various defense-intensive economies have also marked the export of such radar systems. For instance, in August 2020, Mitsubishi Electric Corp. has signed a contract with the Philippines to supply an air radar system, marking the first export of a new, complete defense product since Japan's long-held arms trade ban was eased in 2014.

Some key players operating in the market include Lockheed Martin Corp., Rockwell Collins Inc., and BAE Systems plc, among others. These players are focusing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships and collaborations, and new product launches, among others.

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Market Coverage

· The market number available for - 2021-2029

· Base year- 2022

· Forecast period- 2023-2029

· Segment Covered-

· By Technology

· By End-User

· Competitive Landscape: Lockheed Martin Corp., Rockwell Collins Inc., and BAE Systems plc, among others.

Long Radar System Market Report Segmentation

By Product Type

• Continuous Wave

• Pulse Radar

By End-User

• Defense

• Commercial

• Others

A full Report of Long Radar System Market is Available at: https://www.omrglobal.com/industry-reports/long-radar-system-market

Long Radar System Market by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

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