The 3D radar market is projected to grow from USD 702.8 million in 2017 to USD 1,775.0 million by 2022, at a CAGR of 20.36% from 2017 to 2022. The emergence of modern warfare techniques, adoption of 3D radar by airports, and geopolitical instabilities in the Middle East and Asia Pacific regions are the key factors driving the growth of the 3D radar market.
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Study on Active Protection System Market highlights key players such as Northrop Grumman Corporation (US), Raytheon Company (US), Thales Group (France), Airbus Defense and Space (US), BAE Systems plc (UK), etc., and manufacturers of different types of 3D radar such as Honeywell International Inc. (US), SAAB Group (Sweden), ELTA Systems Ltd.
(Israel), Leonardo S.p.A. (Italy),Indra Sistemas, S.A. (Spain), etc.
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The breakup of the profiles of the primary participants in this report on the 3D radar market has been given below:
- By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation: C Level – 35%, Director Level – 25%, and Others – 40%
- By Region: North America - 45%, Europe – 20%, Asia Pacific – 30%, and RoW – 5%
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Based on the platform, the airborne segment is estimated to account for the largest share of the 3D radar market in 2017. The growth of this segment of the market can be attributed to the increasing applicability of airborne 3D radar in the aerospace industry.
Airborne 3D radar is deployed in both, civil as well as military aircraft. Airborne 3D radar facilitates the detection of another aircraft without requiring visual contact during conditions of reduced visibility.
It also provides information with respect to weather conditions and issues warnings to pilots.
The North American region is estimated to account for the largest share of the 3D radar market in 2017.The increased demand for different types of 3D radar that are utilized in surveillance activities is anticipated to drive the growth of the 3D radar market in the North American region. In addition, the military forces of the US are currently involved in replacing their legacy radar systems with highly advanced 3D radar systems.
Key Points From Table Of Content:
7 3D Radars Market, By Frequency Band
7.2 C/S/X Band
7.3 L Band
7.4 E/F Band
8 3D Radars Market, By Range
9 3D Radars Market, By Platform
Complete report on 3D Radar Market spread across 149 Pages, Profiling 15 Companies is now available at www.rnrmarketresearch.com/3d-radar…arket-report.html
The market study segments the 3D radar market based on the range (long range, medium range, short range), frequency band (C/S/X band, L band, E/F band, and others), platform (airborne, ground, and naval) and maps these segments and sub segments across five major regions, namely, North America, Europe, Asia Pacific, Middle East and Rest of the World (RoW). The report provides an in-depth market intelligence regarding market dynamics and major factors such as drivers, restraints, opportunities, and industry-specific challenges that influence the growth of the 3D radar market, along with analyzing micro markets with respect to individual growth trends, future prospects, and their contribution to the 3D radar market.
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