404
+1-313-307-4176
Global Aerospace And Defense Radar Market Report
Aerospace & Defense Radar Market is Segmented by Platform Type (Ground, Airborne, Naval, and Others), by Application Type (Civil and Military), by Technology Type (CW Radar and Pulsed Radar), by Component Type (Antenna, Receiver, and Transmitter), by Band Type ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The global 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.
Wish to get a free sample? Register Here
The global aerospace & defense radar market is segmented based on platform type as ground-based, airborne, naval, and others. 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.
Based on the application type, the military is projected to remain the largest application of radar market in the aerospace & defense industry during the forecast period of 2017 to 2022. 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.
Based on the 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.
Based on the component type, global aerospace & defense radar market is segmented as antenna, receiver, and transmitter. 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.
Based on the band type, the X-band is projected to remain the largest and fastest-growing band type in the global A&D radar market during the forecast period. 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.
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.
Know which region offers best growth opportunities. Register Here
|
Research Scope |
|
|---|---|
|
Trend & Forecast Period |
2011-2022 |
|
Forecast |
3.7% CAGR During 2017-2022 |
|
Size in 2022 |
US$ 13,389 million |
|
Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
|
Countries Covered |
The US, Canada, Mexico, Germany, France, the UK, Russia, China, India, Middle East, Latin America and Others |
|
Figures & Tables |
>150 |
|
Customization |
Up to 10% customization available free of cost |
The aerospace & defense radar market is segmented into the following categories.
Want to know the most attractive market segments? Register Here
The supply chain of this market comprises of component suppliers, radar manufacturers, and end users.
The component suppliers include companies, such as-
These components suppliers provide the components of radar systems to radar manufacturers. The key radar manufacturers are-
The end-users of the radar market include-
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
This report, from Stratview Research, studies the global radar market in the aerospace & defense industry over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview research offers custom research services across the sectors. In the case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The aerospace & defense radar market size is expected to reach US$ 13,389 million in the foreseeable future.
The aerospace & defense radar market is expected to witness an impressive growth of 3.7% CAGR in the coming years.
Lockheed Martin, The Raytheon Company, Northrop Grumman Corporation, Leonardo S.p.A., Israel Aerospace Industries, SAAB Group, BAE Systems Plc., and Thales Group are among the key players in the aerospace & defense radar market.
North America is expected to remain the largest aerospace & defense radar market during the forecast period.
Asia-pacific is expected to witness the highest growth in the aerospace & defense radar market in the coming years.
Military is expected to remain the largest application segment in the aerospace & defense radar market during the next five years.
Why are We Class Apart?
No One Does Better in Aerospace Market Research Than Us
Largest Number of Premium Studies in Aerospace Industry
>60% of the First Buyers Come Back to Us
>95% Client Satisfaction Ratio, the Industry's Highest
Clients Across Aerospace Value Chain
Track the Latest Trends in Aerospace Industry
Know High Growth Opportunities
WE ACCEPT
