Press release
X Band Radar Market is expanding at a CAGR of 3.49% USD 4.32 billion market in 2015
X band radar technology is basically used for air traffic control at airport, wide range surveillance, and lots of defense applications. There are two types of X band radar systems used for different purposes. First is mobile X band radar (9.375 GHz, 3cm), the radar has a variety of applications like information related to tropical cyclones, cloud microphysics, hydrology and urban rainfall. Mobile X band radar is generally deployed at coastal areas. Second is sea based X band radar; radar is mounted on a floating tower attached in the sea.
X-band radar market is expected to project a significant compound annual growth rate of 3.49% between 2015 and 2020. The market is estimated to be valued at $4.32 billion by the end of 2015 and is expected to uplift further in near future. The development and launch of several new satellites through different programs are expected to have a positive impact on market growth during the forecast period.
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Further, Americas is projected to account for the largest market share during the forecast period by expanding at CAGR of >4% by 2021. The market is further expected to receive positive movement with the increased global seaborne trade; expected to reach 24 billion tons.
A continuous up-surged trading through waterways to allow the implementation of X-band radars in ships and harbors in near future.
Key players
Following are the leading players providing X band radar across the globe:-
Israel Aerospace Industries (IAI)
Northrop Grumman
Raytheon
Reutech Radar Systems
Saab Group
Japan Radio Company Limited
Furuno Electric Co Ltd
Prosensing Inc
Scope and Context
Overview of the Parent Market
Analyst View
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Market Size and Growth
North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
Middle East and North Africa (MENA)
Rest of World
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Ajay Daniel
Email: ajay.daniel@researchnester.com
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