3D Radar Market to offer a healthy CAGR of 5.2% during 2020-25
February 14, 2020
3D Radar Market Overview:
3D Radar market is likely to witness an impressive CAGR of 5.2% during the forecast period. The emergence of modern warfare techniques with the fast-technological progressions has contributed to the substitution of conventional combat systems with advanced combat technologies, such as electronic warfare and network-centric warfare. This, in turn, is expected to nourish the growth of the global 3D radar market.
Report Overview:
This new report from Stratview Research analyses the 3D Radar Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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3D Radar Market Segment Insights:
Commercial aircraft: The growth engine
Based on the frequency band type, the market is segmented as C/S/X Band, E/F Band, L Band, and others. A frequency band is an interval at which a specific radar transmits a signal. These frequency bands are differentiated by their wavelengths, which range from 0 GHz to 40 GHz. Radio frequency waves are transmitted through antennas into space that are then reflected from the targets.
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Dominance of: Long-Range and Ground
Based on the range type, the market is segmented as long range, medium range, and short range. The long-range segment remained dominant in 2018, and it’s expected to maintain its dominance during the forecast period as well. A long-range 3D radar has earned popularity in the recent years, due to its increasing applicability in weather monitoring applications as it enables precise prediction of natural disasters, such as floods, earthquakes, cyclones, and hurricanes, this in turn is driving the growth of the segment.
Based on the platform type, the market is segmented as airborne, ground, and naval. The ground segment is estimated to register the highest growth during the forecast period while the airborne segment remained dominant in 2018. The manufacturers of various types of airborne 3D radars are exerting to develop specialized airborne 3D radars for Unmanned Aerial Vehicles (UAVs) as their employment in Unmanned Aerial Vehicles (UAVs) allows easy data collection of the fast-changing terrains, such as snow slopes and active volcanoes.
A highly/moderately/fragment consolidated Market
Some of the major players in the 3D radar market are Airbus Defense and Space, ASELSAN A.S., BAE Systems Plc, ELTA Systems Ltd., Harris Corporation, Honeywell International Inc., Leonardo S.p.A, Northrop Grumman Corporation, The Raytheon Company, and Thales Group.
Regional Hegemony of North America
In terms of regions, the North American region dominated the 3D radar market in 2018, as the region is proximal to various leading manufacturers of different types of 3D radar, which comprise, Northrop Grumman Corporation (US), Rockwell Collins Inc. (US), Airbus Defense and Space (US), etc. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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