openPR Logo
Press release

Naval Radar Systems Market Industry Size, Share, Revenue Growth and Demand Forecast To 2031

08-31-2024 04:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Naval Radar Systems Market

Naval Radar Systems Market

The global naval radar systems market is expected to grow at a significant CAGR during the forecast period (2024-2031). 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.

Get Free Sample link @ https://www.omrglobal.com/request-sample/naval-radar-systems-market

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.

Full report of Naval Radar Systems Market available @ https://www.omrglobal.com/industry-reports/naval-radar-systems-market

Market Coverage

Segment Covered-
o By Type

o By Application

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

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Naval Radar Systems Market by Segments

By Type

Yacht/recreational
Fishing vessel
By Application

Weapon guidance
Surveillance


Reasons to Buying From us -

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


For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/naval-radar-systems-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

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 offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Naval Radar Systems Market Industry Size, Share, Revenue Growth and Demand Forecast To 2031 here

News-ID: 3641367 • Views:

More Releases from Orion Market Research

Environment Conservation and Wildlife Organization Market Rising Demand and Growth Forecast Through 2033
Environment Conservation and Wildlife Organization Market Rising Demand and Grow …
In 2023, the global market for environment, conservation, and wildlife organizations was approximately USD 26.2 billion, and by 2033, it is projected to reach around USD 41.5 billion, reflecting a compound annual growth rate (CAGR) of approximately 5.0% from 2024 to 2033. Environment Conservation and Wildlife Organization Market Overview The environment, conservation, and wildlife organizations market is experiencing steady growth, driven by increasing public awareness of environmental issues and the need for
Wooden Furniture Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Wooden Furniture Market Size Analysis, Competitive Insights, Leading Players and …
In 2023, the global wooden furniture market was valued at approximately USD 235.3 billion, and by 2033, it is projected to reach around USD 327.7 billion, reflecting a compound annual growth rate (CAGR) of approximately 3.4% from 2024 to 2033. Wooden Furniture Market Overview The global wooden furniture market is experiencing steady growth, driven by increasing consumer demand for sustainable and aesthetically pleasing home furnishings. Factors such as rising disposable incomes, urbanization,
Warehouse Management Systems Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Warehouse Management Systems Market Size Analysis, Competitive Insights, Leading …
In 2023, the global Warehouse Management Systems (WMS) market was approximately USD 3.2 billion, and by 2033, it is expected to reach around USD 9.4 billion, reflecting a compound annual growth rate (CAGR) of approximately 11.4% from 2024 to 2033. Warehouse Management Systems Market Overview The Warehouse Management Systems (WMS) market is rapidly growing as businesses increasingly seek to optimize their supply chain and inventory management processes. WMS solutions help improve operational
Space Technology Market Rising Demand and Growth Forecast Through 2033
Space Technology Market Rising Demand and Growth Forecast Through 2033
The global space technology market was valued at approximately USD 443.20 billion in 2023, and is projected to grow to about USD 916.85 billion by 2033, representing a compound annual growth rate (CAGR) of roughly 7.54% during the period from 2024 to 2033. Space Technology Market Overview The space technology market is experiencing strong expansion, driven by a surge in satellite innovation, advances in launch systems, and a growing wave of commercial

All 5 Releases


More Releases for Naval

Global Warship And Naval Vessels Market Size by Application, Type, and Geography …
According to Market Research Intellect, the global Warship And Naval Vessels market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period. The warship and naval vessels market is experiencing significant growth due to increasing geopolitical tensions, rising
Naval Electronic Warfare Market Size Analysis by Application, Type, and Region: …
According to Market Research Intellect, the global Naval Electronic Warfare market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period. The market for naval electronic warfare is expanding rapidly as a result of growing maritime security risks and
Naval Vessels MRO Market Is Increasing Focus On Keeping Naval Fleets Combat-Read …
The global naval vessels mro market size is expected to be valued at US$ 58.6 billion in 2022 and growing at a CAGR of 2.4% over the forecast period due to increasing focus on keeping naval fleets combat-ready across the globe. The growing need for the maintenance, repair and overhaul of the current naval vessel fleet worldwide, owing to the maritime conflicts, would lead to an increase in the demand
Naval Vessels and Surface Combatants Market Share, Size, Revenue | Naval Vessels …
Global Naval Vessels and Surface Combatants Market Report provides a detailed industry overview along with the analysis of Cost Structure, Supply Chain, Development Techniques, Retailers Analysis, Financial Support, business Strategies, Marketing Channels. Global Naval Vessels and Surface Combatants Market research report provides a point-by-pointIn-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, the impact of domestic and global market
Naval Vessels and Surface Combatants Market May See a Big Move | Huntington Inga …
The Latest research study released by HTF MI “Global Naval Vessels and Surface Combatants Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered
Warship and Naval Vessels Market Key Trends Analysis- Mazagon Docks Limited, Rel …
Global Warship and Naval Vessels Market 2021 Research Report initially provides a basic overview of the industry that covers definition, applications and manufacturing technology, post which the report explores into the international players in the market. The naval vessels and warships are key components of nations defense and naval force and are designed and manufactured to carry crew, ammunitions, some essentials supply for the crew members and all the essential weapons