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 report sheds light on details about every market player in the global Radar Systems Market along with its global status, product portfolio financial standing, and business expansion plan and license agreement. The key players in the market are adopting various key strategies such as mergers and acquisitions, partnerships, joint ventures, collaborations and product launches to strengthen their market position and enhance their product base.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Radar Systems market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
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
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Emergen Research has segmented the global Radar Systems market on the basis of type, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2019-2030)
Air
Military aircraft
Commercial aircraft
Marine
Military vessels
Commercial vessels
Unmanned
Unmanned Ground Vehicle (UGV)
Unmanned Aerial Vehicle (UAV)
Unmanned Surface Vehicle (USV)
Land
Mobile radar systems
Portable radar systems
Space
Spacecraft
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
The various regions analyzed in the report include:
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)
Key Objectives of the Report:
Analysis and estimation of the Radar Systems Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Radar Systems Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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