Press release
Ship Radar Market Trends, Business Overview, Industry Growth and Forecast to 2031
Ship Radar Market
The marine radar system is an electromagnetic ranging and detection system that uses rotating antennae to sweep a narrow beam of microwaves around the water surface surrounding a ship to the horizon and detects targets by reflected microwaves, hence displaying surroundings on a display screen. These systems provide bearing as well as the distance for navigation and collision avoidance at sea as they offer high accuracy, precision, and can detect moving and stationary objects in dense climatic conditions such as rain or fog.
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Moreover, the other factors that drive the market growth include the adoption of marine radars in cruise ships and luxury boats to avoid collisions during marine tourism as well as a rise in international trade, which further boosts the market demand. Ongoing technological advancements to enhance the range of existing radar systems as well as government regulations regarding mandatory installation of marine radar systems in vessels and boats are anticipated to pave new avenues to the industry.
The global ship radar market analysis includes some of the key market players such as Lockheed Martin Corp., Rockwell Collins, BAE Systems, Kelvin Hughes Ltd., Raymarine Inc., and Furuno Electric Co. Ltd., among others. To maintain a strong position in the market, these market players are adopting various strategic moves, such as product launches, partnerships, collaborations, and mergers and acquisitions.
Recent Development-
In April 2019, Wartsila, a global leader in marine technology launched RS-24 high-resolution radar, the first commercial K-band maritime radar that can detect small objects at a far distance at high resolution. RS24 provides safety in busy shipping lanes and congested ports as it enables large ships to view small vessels or other potential hazards near them.
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Market Coverage
Segment Covered
Regions Covered- Globally
Competitive Landscape: Lockheed Martin Corp., Rockwell Collins, BAE Systems, Kelvin Hughes Ltd., Raymarine Inc., and Furuno Electric Co. Ltd., 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 Ship Radar Market by Segment
By Product Type
S-Band
X-Band
Others
By Application
Fishing Vessel
Recreational Boat
Merchant Marine
Others
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.
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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.
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