Press release
Commercial Radars Market Size, Share, Industry Growth, Analysis And Forecast Report 2024 To 2033
Commercial Radars market
The Business Research Company's Commercial Radars Global Market Report 2024 identifies The growing demand from defense industry as the major driver for the Commercial Radars market's growth in the forecast period. The defense industry encompasses a broad range of companies, organizations, and government entities involved in researching, developing, producing, and distributing military equipment, technology, and services for the armed forces. Commercial radar systems offer benefits in defense by providing advanced detection, tracking, and situational awareness, enhancing air and maritime security, missile defense, and early warning capabilities, which are crucial for national defense and border surveillance.
The commercial radars market size has grown strongly in recent years. It will grow from $5.81 billion in 2023 to $6.11 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to military and defense applications, aviation and air traffic control, maritime and ship navigation, weather forecasting, security and surveillance.The commercial radars market size is expected to see strong growth in the next few years. It will grow to $7.63 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.
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Major competitors in the Commercial Radars market are Terma A/S, Hensoldt Inc., Detect Inc., Raytheon Technologies Corporation, NEC Corporation
A key trend in the Commercial Radars market includes Technological Advancements And Innovations. 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 maneuvering 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. It also has five times more processing power.
Read More On TheGlobal Commercial Radars Market Report Here:
https://www.thebusinessresearchcompany.com/report/commercial-radars-global-market-report
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 2024" 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. Global Commercial Radars Market Size and Growth
.............
31. Global Commercial Radars Market Competitive Benchmarking
32. Global Commercial Radars Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Commercial Radars Market
34. Commercial Radars Market Future Outlook and Potential Analysis
35. Appendix
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