Radar systems are majorly used in industrial applications such speed monitoring, object recognition & tracking, area & distance monitoring, collision avoidance with static & moving objects, owing to their high robustness in measuring of distances, velocities, and angles as compared to optical or ultrasound systems.
The key factors that drive the growth of the radar market include increase in demand for radar systems in automotive and defense industries, advancements in radar technology, and increase in territorial battles. However, adverse climatic conditions result in the malfunctioning of the radar systems, which restrict market growth. On the contrary, deployment of lightweight radars in aerial vehicles is anticipated to create remunerative opportunities for the market expansion during the forecast period.
The global & Asia-Pacific radar market is segmented on the basis of product type, platform, application, end user, and region. By product type, the market is fragmented into continuous wave radar, pulse radar, and others. On the basis of platform, it is classified into marine, air, ground, and space. The applications covered in the study include air traffic control, remote sensing, ground traffic control, and space navigation & control. Depending on end user, the market is differentiated into automotive, aviation, industrial, weather monitoring, military & defense, and others. Region wise, the radar market trends are analyzed across China, Japan, India, South Korea, rest of Asia-Pacific, and rest of the world.
The key players operating in the market include Northrop Grumman Corporation, Lockheed Martin Corporation, SAAB AB, Rockwell Collins Inc., Thales Group, Honeywell International Inc., L-3 Communications Holdings, General Dynamics Corporation, BAE Systems, and Dassault Aviation.
KEY MARKET SEGMENTS
BY PRODUCT TYPE
- Continuous Wave Radar
- Pulse Radar
- Others
BY PLATFORM
- Marine
- Air
- Ground
- Space
BY APPLICATION
- Air Traffic Control
- Remote Sensing
- Ground Traffic Control
- Space Navigation & Control
BY END USER
- Automotive
- Aviation
- Industrial
- Weather Monitoring
- Military & Defense
- Others
By Region
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the world
KEY PLAYERS
- Northrop Grumman Corporation
- Lockheed Martin Corporation
- SAAB AB
- Rockwell Collins Inc.
- Thales Group
- Honeywell International Inc.
- L-3 Communications Holdings
- General Dynamics Corporation
- Dassault Aviation
- BAE Systems
Table of Contents
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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