Radar Systems Market Size, Revenue Analysis, PEST, Region & Country Forecast

The global radar systems market size was USD 32.48 Billion in 2021 and is expected to register a revenue CAGR of 4.6% during the forecast period, according to latest analysis by Emergen Research. Increasing investments by governments for upgrading existing fighter aircraft radar, advancement of phased array solid-state radar, and increasing defense expenditure of emerging countries are key factors driving market revenue growth.

The latest research report, titled ‘Global Radar Systems Market,’ can be considered an accurate prototype of the global Radar Systems industry.  The report specializes in gathering crucial data related to the leading market segments’ sales and revenue shares and focuses on the key players’ strategic business frameworks formulated to boost their growth journeys. The forecast market valuations are assessed on the basis of the in-depth analysis of the key market aspects, including product type outlook, application gamut, regional overview, and the competitive terrain. The report offers a holistic overview of the Radar Systems market, comprising customer experience maps and data-driven insights. Our team of market analysts has examined the key factors influencing industrial growth, employing research tools that provide actionable results to meet various business priorities.

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Key companies operating in the Radar Systems market include:

BAE Systems, Northrop Grumman, Boeing, Lockheed Martin Corporation, General Dynamics Corporation, Thales, Saab, Raytheon Technologies Corporation, Honeywell International Inc., Mitsubishi Electric Corporation, and L3Harris Technologies, Inc

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Radar Systems market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

  • Comprehensive analysis of the competitive scenario and its changing dynamics
  • Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
  • In-depth 8-year analysis of the Global Radar Systems Market
  • Critical understanding of the key market segments
  • Comprehensive analysis of the drivers, restraints, trends, and opportunities
  • Detailed regional analysis and extensive company profiling
  • Extensive assessment of current and emerging trends of the market

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Radar Systems Market Segmentation:

  • Product Outlook (Revenue, USD Billion; 2019-2030)

    • Air
      1. Military aircraft
      2. Commercial aircraft
    • Marine
      1. Military vessels
      2. Commercial vessels
    • Unmanned
      1. Unmanned Ground Vehicle (UGV)
      2. Unmanned Aerial Vehicle (UAV)
      3. Unmanned Surface Vehicle (USV)
    • Land
      1. Mobile radar systems
      2. Portable radar systems
    • Space
      1. Spacecraft
      2. Satellites
  • Application Outlook (Revenue, USD Billion; 2019-2030)

    • Remote sensing
    • Air traffic control
    • Ground traffic control
    • Space navigation & control
  • End-Users Outlook (Revenue, USD Billion; 2019-2030)

    • Aviation
    • Military & defense
    • Automotive
    • Industrial
    • Weather monitoring
    • Others

 

Radar Systems Market Segmentation by Regions:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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