Aerospace Industry Today
Aerospace Radar Market is projected to grow at a healthy CAGR of 3.7% over the next five years
The research report is published in the June 2017 with 260 pages of a detailed analysis.
Published 19 April 2019
Launching announcement of a new research report on Aerospace Radar Market which is projected to reach US$ 13,389 million in 2022 - forecasted by Stratview Research. The study provides an in-depth analysis by Platform Type (Ground, Airborne, Naval, and Others), by Application Type (Civil and Military), by Technology Type (CW Radar and Pulsed Radar), by Component Type (Antenna, Receiver, and Transmitter), by Band Type (X, S, C, L, K/Ku/Ka, and V/UHF), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022.
Click here to read the detailed description and TOC
Aerospace & Defense Radar Market: Highlights
The aerospace & defense radar market was valued at US$ 10,746 million in 2016 and is projected to grow at a healthy CAGR of 3.7% over the next five years to reach US$ 13,389 million in 2022. An upgrade of legacy radar systems, increasing the military expenditure of the developing economies such as India, the rise in the global commercial and regional aircraft deliveries, and increasing demand for Unmanned Aerial Systems (UAV) are the driving factors for the growth of radar market during the forecast period.
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The aerospace & defense radar market is segmented based on platform type as ground-based, airborne, naval, and others. The ground-based segment is currently leading the market with the highest share in 2016. An increase in the defense budget of the developing economies, the insurgence of critical border security, and rise in the procurement of advanced technology-based radar systems for air traffic control are the major growth drivers for ground-based radar market. The airborne platform is likely to witness the highest growth over the next five years, owing to the rise in global aircraft fleet and increasing demand for enhanced air-traffic-controlling equipment.
Based on the application type, the military is projected to remain the largest application of radar market in the aerospace & defense industry during the forecast period of 2017 to 2022. This is mainly because of the large procurement of radar systems by defense departments of major countries to meet the growing need for means of early identification of targets. TPQ-53, APG-63/F-15, and JSTARS are a few major defense programs released in 2016. The civil application is expected to witness the highest growth during the same period, driven by increasing procurement of radar systems by commercial aviation and increased use of UAVs for navigation and surveillance by major countries across the globe.
Based on the technology type, the pulsed radar owns the highest market share in 2016 and is expected to grow at the highest rate during the forecast period of 2017 to 2022. The key advantages of pulsed radars over CW radars are an indication of the range of the target and higher efficiency in the presence of a number of the target. This will keep propelling the growth of this technology during the forecast period.
Based on the component type, global aerospace & defense radar market is segmented as antenna, receiver, and transmitter. The antenna is likely to remain the largest component type during the forecast period. It is also expected to witness the highest growth during the same period. The factors supporting the high growth of antennas components is enhanced functionality of the latest lightweight conformal antennas. Transmitter component is likely to witness the second highest growth during the same period.
Based on the band type, the X-band is projected to remain the largest and fastest-growing band type in the global A&D radar market during the forecast period. X-band has a wide array of applications, such as long-range ground surveillance, airborne weather radar, weather observation, marine radar, and police radar. Pertaining to its large applications, X-band radar market is expected to have a higher procurement rate in the coming years, resulting in higher growth rate during the forecast period.
North America is expected to remain the largest market for A&D radar market over the next five years. This is because of its market leader position in the procurement of defense equipment and having a large number of manufacturers in this region. APAC is likely to witness the highest growth rate during the same period (2017-2022), owing to rise in the procurement of radar systems led by appraisals in the defense budget of Asian countries.
The supply chain of this market comprises of component suppliers, radar manufacturers, and end users. The component suppliers include companies, such as Arrow Electronics, Dy 4 Systems, Cablex Pty. Ltd., and Wesco Manufacturing. These components suppliers provide the components of radar systems to radar manufacturers. The key radar manufacturers are Lockheed Martin, The Raytheon Company, Northrop Grumman Corporation, Leonardo S.p.A., Israel Aerospace Industries, SAAB Group, BAE Systems Plc., and Thales Group. The end-users of the radar market include the defense departments, aviation departments, marine departments, NASA, and other space stations.
Report Features
The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
ABOUT US
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
We have a strong, experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.
Our services cover a broad spectrum of industries including Energy, Chemicals, Advanced Materials, Automotive, and Aerospace. We provide research services at the global, regional as well as country level; key regions include
Europe, APAC, NA, MEA, RoW.
We are a trusted brand in the research industry with the capability of commissioning complex projects within a short span of time with a high level of accuracy. At Stratview, we believe in building long-term relations with our clients.
To browse through our range of reports in the Aerospace & Defence industry, refer to the following link
Click here to read the detailed description and TOC
Aerospace & Defense Radar Market: Highlights
The aerospace & defense radar market was valued at US$ 10,746 million in 2016 and is projected to grow at a healthy CAGR of 3.7% over the next five years to reach US$ 13,389 million in 2022. An upgrade of legacy radar systems, increasing the military expenditure of the developing economies such as India, the rise in the global commercial and regional aircraft deliveries, and increasing demand for Unmanned Aerial Systems (UAV) are the driving factors for the growth of radar market during the forecast period.
Get your copy of free sample pages-click here
The aerospace & defense radar market is segmented based on platform type as ground-based, airborne, naval, and others. The ground-based segment is currently leading the market with the highest share in 2016. An increase in the defense budget of the developing economies, the insurgence of critical border security, and rise in the procurement of advanced technology-based radar systems for air traffic control are the major growth drivers for ground-based radar market. The airborne platform is likely to witness the highest growth over the next five years, owing to the rise in global aircraft fleet and increasing demand for enhanced air-traffic-controlling equipment.
Based on the application type, the military is projected to remain the largest application of radar market in the aerospace & defense industry during the forecast period of 2017 to 2022. This is mainly because of the large procurement of radar systems by defense departments of major countries to meet the growing need for means of early identification of targets. TPQ-53, APG-63/F-15, and JSTARS are a few major defense programs released in 2016. The civil application is expected to witness the highest growth during the same period, driven by increasing procurement of radar systems by commercial aviation and increased use of UAVs for navigation and surveillance by major countries across the globe.
Based on the technology type, the pulsed radar owns the highest market share in 2016 and is expected to grow at the highest rate during the forecast period of 2017 to 2022. The key advantages of pulsed radars over CW radars are an indication of the range of the target and higher efficiency in the presence of a number of the target. This will keep propelling the growth of this technology during the forecast period.
Based on the component type, global aerospace & defense radar market is segmented as antenna, receiver, and transmitter. The antenna is likely to remain the largest component type during the forecast period. It is also expected to witness the highest growth during the same period. The factors supporting the high growth of antennas components is enhanced functionality of the latest lightweight conformal antennas. Transmitter component is likely to witness the second highest growth during the same period.
Based on the band type, the X-band is projected to remain the largest and fastest-growing band type in the global A&D radar market during the forecast period. X-band has a wide array of applications, such as long-range ground surveillance, airborne weather radar, weather observation, marine radar, and police radar. Pertaining to its large applications, X-band radar market is expected to have a higher procurement rate in the coming years, resulting in higher growth rate during the forecast period.
North America is expected to remain the largest market for A&D radar market over the next five years. This is because of its market leader position in the procurement of defense equipment and having a large number of manufacturers in this region. APAC is likely to witness the highest growth rate during the same period (2017-2022), owing to rise in the procurement of radar systems led by appraisals in the defense budget of Asian countries.
The supply chain of this market comprises of component suppliers, radar manufacturers, and end users. The component suppliers include companies, such as Arrow Electronics, Dy 4 Systems, Cablex Pty. Ltd., and Wesco Manufacturing. These components suppliers provide the components of radar systems to radar manufacturers. The key radar manufacturers are Lockheed Martin, The Raytheon Company, Northrop Grumman Corporation, Leonardo S.p.A., Israel Aerospace Industries, SAAB Group, BAE Systems Plc., and Thales Group. The end-users of the radar market include the defense departments, aviation departments, marine departments, NASA, and other space stations.
Report Features
The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
ABOUT US
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
We have a strong, experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.
Our services cover a broad spectrum of industries including Energy, Chemicals, Advanced Materials, Automotive, and Aerospace. We provide research services at the global, regional as well as country level; key regions include
Europe, APAC, NA, MEA, RoW.
We are a trusted brand in the research industry with the capability of commissioning complex projects within a short span of time with a high level of accuracy. At Stratview, we believe in building long-term relations with our clients.
To browse through our range of reports in the Aerospace & Defence industry, refer to the following link
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