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Recent research: Radar systems and technology market trends, drivers, and challenges

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Technavio recognizes the following companies as the key players in the global radar systems and technology market: Indra, Lockheed Martin, Raytheon, Thales

Commenting on the report, an analyst from Technavio’s team said: “One trend that is affecting the market is Increasing demand for reducing runway incursions”

According to the report, one driver that is affecting the market is development of new airports and terminal expansion”

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Further, the report states that one challenge that is affecting the market is the complexity in radar subsystem upgrades”

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

The market is expected to grow at a CAGR of 5.52%

About radar systems and technology

Radar systems and associated technologies are used for detecting and tracking physical objects using radio waves to determine the range, angle, and velocity of objects. Radars are used in various applications in the civil, commercial, and military domain, which includes detecting ships, aircraft, spacecraft, missiles, weather information, and terrain.

Technavio’s analysts forecast the global radar systems and technology market to grow at a CAGR of 6.07% during the period 2017-2022.

Browse Full Research Report with Table of Content @…-market-2018-2022

Covered in this report

The report covers the present scenario and the growth prospects of the global radar systems and technology market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sale of radar systems used in three domains, ground-based, airborne, and naval.

The market is divided into the following segments based on geography:

  • • Americas
  • • APAC
  • • EMEA

Technavio's report, Global Radar Systems and Technology Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • • Indra
  • • Lockheed Martin
  • • Raytheon
  • • Thales

Market driver

  • • Development of new airports and terminal expansion
  • • For a full, detailed list, view our report

Market challenge

  • • Complexity in radar subsystem upgrades
  • • For a full, detailed list, view our report

Market trend

  • • Increasing demand for reducing runway incursions
  • • For a full, detailed list, view our report

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