Aerospace Radar Market to experience an impressive growth of 3.7% during 2017-2022
February 03, 2020
The Aerospace & Defense Radar Market was valued at US$ 10,746 million in 2016 and is projected to grow at a healthy CAGR of 3.7% over the next five years to reach US$ 13,389 million in 2022. An upgrade of legacy radar systems, increasing the military expenditure of the developing economies such as India, the rise in the global commercial and regional aircraft deliveries, and increasing demand for Unmanned Aerial Systems (UAV) are the driving factors for the growth of radar market during the forecast period.
Click here to get a Free Sample of the report (with additional insights):
https://www.stratviewresearch.com/Request-Sample/269/Global-Aerospace-and-Defense-Radar-Market.html
Or
Read the summary of the report here:
https://www.stratviewresearch.com/269/Global-Aerospace-and-Defense-Radar-Market.html
Aerospace Radar Market Segment Insights:
By Platform Type:
The ground-based segment is currently leading the market with the highest share in 2016. An increase in the defense budget of the developing economies, the insurgence of critical border security, and rise in the procurement of advanced technology-based radar systems for air traffic control are the major growth drivers for ground-based radar market. The airborne platform is likely to witness the highest growth over the next five years, owing to the rise in global aircraft fleet and increasing demand for enhanced air-traffic-controlling equipment.
By Application Type:
This is mainly because of the large procurement of radar systems by defense departments of major countries to meet the growing need for means of early identification of targets. TPQ-53, APG-63/F-15, and JSTARS are a few major defense programs released in 2016. The civil application is expected to witness the highest growth during the same period, driven by increasing procurement of radar systems by commercial aviation and increased use of UAVs for navigation and surveillance by major countries across the globe.
By Technology Type:
The pulsed radar owns the highest market share in 2016 and is expected to grow at the highest rate during the forecast period of 2017 to 2022. The key advantages of pulsed radars over CW radars are an indication of the range of the target and higher efficiency in the presence of a number of the target. This will keep propelling the growth of this technology during the forecast period.
By Component Type:
The antenna is likely to remain the largest component type during the forecast period. It is also expected to witness the highest growth during the same period. The factors supporting the high growth of antennas components is enhanced functionality of the latest lightweight conformal antennas. Transmitter component is likely to witness the second highest growth during the same period.
By Band Type:
X-band has a wide array of applications, such as long-range ground surveillance, airborne weather radar, weather observation, marine radar, and police radar. Pertaining to its large applications, X-band radar market is expected to have a higher procurement rate in the coming years, resulting in higher growth rate during the forecast period.
By Region:
North America is expected to remain the largest market for A&D radar market over the next five years. This is because of its market leader position in the procurement of defense equipment and having a large number of manufacturers in this region. APAC is likely to witness the highest growth rate during the same period (2017-2022), owing to rise in the procurement of radar systems led by appraisals in the defense budget of Asian countries.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/269/Global-Aerospace-and-Defense-Radar-Market.html
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
Click here for other high value market reports from Stratview Research in the Aerospace & Defence Industry: https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
For enquiries,
Contact:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176