Global Radar Systems and Technology Market 2020-2024
Technavio has been monitoring the radar systems and technology market and it is poised to grow by $ 6.14 bn during 2020-2024 progressing at a CAGR of 6% during the forecast period. Our reports on radar systems and technology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the development of new airports and terminal expansion and growing concerns about increasing flight safety mechanism. In addition, development of new airports and terminal expansion is anticipated to boost the growth of the market as well.
The radar systems and technology market analysis include application segment and geographical landscapes
Technavio's radar systems and technology market is segmented as below:
- Ground-based radar systems
- Airborne radar systems
- Naval radar systems
By Geographical Landscapes
- North America
- South America
This study identifies the need for implementing enhanced data processing procedures as one of the prime reasons driving the radar systems and technology market growth during the next few years.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our radar systems and technology market covers the following areas:
- Radar systems and technology market sizing
- Radar systems and technology market forecast
- Radar systems and technology market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading radar systems and technology market vendors that include Airbus SE, BAE Systems Plc, General Dynamics Corp., Honeywell International Inc., Indra Sistemas SA, Lockheed Martin Corp., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, and Thales Group. Also, the radar systems and technology market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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 an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.