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Commercial Radars Global Market Size, Share & Trends Analysis Report By Product, By Application, By Region And Segment Forecasts, 2023 - 2032
Commercial Radars Market
The Business Research Company's Commercial Radars Market Report 2023 identifies Increasing demand for drone detection systems as the major driver for the Commercial Radars Market's growth in the forecast period. 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.
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%.
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Major competitors in the Commercial Radars Market are TERMA, Hensoldt Inc., Detect Inc., Raytheon Technologies Corporation, NEC Corporation, Thales Group.
A key trend in the Commercial Radars Market includes technological advancements. Improved safety is provided by surface movement radars as they monitor the movement of aircraft and vehicles and provide advice and assistance for the safe and efficient movement of aircraft and vehicles in the manoeuvring area. In November 2021, Thales, a France-based developer, manufacturer, and distributor of electronic equipment and systems, launched the long-range 3D surveillance radar Ground Master 400 Alpha. The three-dimensional (3D) long-range air surveillance radar has a range extension of up to 515 km and advanced artificial intelligence (AI) capabilities.
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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.
The Business Research Company's "Global Commercial Radars Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
………………………………………
26. Africa Commercial Radars Market
27. Commercial Radars Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Commercial Radars Market
29. Commercial Radars Market Future Outlook and Potential Analysis
30. Appendix
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