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Naval Radar Systems Market Is Likely to Experience a Tremendous Growth by 2029

01-05-2024 10:50 AM CET | IT, New Media & Software

Press release from: Orion Market Research

Naval Radar Systems Market Is Likely to Experience a Tremendous

Naval Radar Systems Market is expected to grow at a significant CAGR during the forecast period. The major factors propelling the growth of the global naval radar systems market include risking investment in defense by governments globally. For instance, in June 2020, L3Harris Technologies received a $7.2 million cost-plus-incentive-fee contract to develop and deliver the AN/SPS-48G(V)1 radar data processor and radar display and control function software by the US government that was expected to be finished in 2022. Since 2011, the US Navy began changing the AN/SPS-48E with AN/SPS-48G aboard many naval vessels. It is expected to be completed by 2028.

The major players in the global naval radar systems market include Finmeccanica, Lockheed Martin, Northrop Grumman, Raytheon, Thales, among others. They are adopting various strategies such as product launches & developments, mergers and acquisitions, partnerships, and agreements, to remain competitive in the market. For instance, in September 2021, Hensoldt launched a newly developed Quadome 3D, multi-mission naval radar system. Features such as naval surveillance and target acquisition are offered by Quadome. It offers quick reaction and excellent accuracy at a low cost-to-benefit ratio. The dual-mode, multi-mission surveillance radar will give naval troops and maritime security agencies unmatched situational awareness and quick response times.

To Request a Sample of our Report on Naval Radar Systems Market:  https://www.omrglobal.com/request-sample/naval-radar-systems-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Type
By Application
Competitive Landscape- Finmeccanica, Lockheed Martin, Northrop Grumman, Raytheon, Thales, among others.

Naval Radar Systems Market by Segments

By Type

Yacht/recreational
Fishing vessel

By Application  

Weapon guidance
Surveillance

A full Report of Naval Radar Systems Market is Available at:  https://www.omrglobal.com/industry-reports/naval-radar-systems-market

Naval Radar Systems 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

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

 

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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