Global Radar Systems and Technology Market 2018-2022
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.
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:
Technavio Announces the Publication of its Research Report – Global Radar Systems and Technology Market 2018-2022
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”
Further, the report states that one challenge that is affecting the market is the complexity in radar subsystem upgrades”
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook