Global Radar Systems Market: Overview
A radar system is used for detecting objects by utilizing the radio waves and signal. These waves and signal travel and bounce to the object, if any, traveling back to the system. Hence, they give the exact location of the object. They are used in critical infrastructures for detecting any movement of foreign objects.
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Global Radar Systems Market: Growth Factors
The global radar systems market is likely to grow in the booming future. Growing concern for the safety of significant infrastructures is the main reason that has driven the growth of the global market. Furthermore, increased job opportunities are also boosting the growth of the global radar systems market. Adding to this, the rise in the application of radar systems industrial sectors apart from the defense category is also powering the growth of the global radar systems market. On top of this, strict government norms for the usage of the radar system in military and defense is also one of the significant reasons that are boosting the global market.
On the other hand, the high cost of ownership is the main reason hampering the growth of global radar systems market. Additionally, unawareness about the advantages of the radar systems is also one of the significant reasons that are restraining the growth of the global market. Besides this, high value for maintenance is one of the reasons that are decreasing the growth of the global radar systems market.
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Global Radar Systems Market: Segmentation
Based on technology, the global radar systems market is mainly classified as pulsed radar and continuous wave (CW) radar.
On the basis of application, the global market is segmented into naval, ground, space-based, air, automotive, aviation, industrial, weather monitoring, and others.
Based on components, the global market for radar systems is bifurcated into, antenna, transmitter, receiver, and others.
On the basis of the band, the global market is divided into HF, UHF, VHF, L, X C, S, Ku, V, K, Ka, W, and other bands.
Based on range, the global market for radar systems is classified into short-range, mid-range, and long range.
Global Radar Systems Market: Regional Analysis
The global radar systems market is geographically bifurcated into Latin America, North America, Europe, Asia-Pacific, and Rest of the World. Growing concern for the safety of significant infrastructures has elevated the global market in North America. The rise in the application of radar systems industrial sectors apart from the defense category is boosting the global market in Asia Pacific. The Rest of the World will witness a steady growth in the global radar systems market.
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Global Radar Systems Market: Competitive Players
Some of the key players in the global radar systems market are BAE systems, Airbus Defense and Space, Finmeccanica SPA, Exelis Inc., Honeywell International Inc., General Dynamics, Lockheed Martin Corp, Israel Aerospace Industries, Raytheon Corp, Northrop Grumman, Rheinmetall AG, Reutech Radar Systems, Thales Group, Rockwell Collins Saab group, and others.
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