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Technavio’s market research analyst predicts the global X-band radar market to grow at a modest CAGR of close to 4% during the estimated period. A significant part of the total market growth can be attributed to the rise in sea trading, wherein, close to 10 billion tons of goods were transported. According to projections, global seaborne trade is expected to reach 24 billion tons, with China’s share of commercial vessels accounting for 25% of the global commercial fleet. To move such a volume of goods, countries will have to increase their fleets of merchant vessels. These vessels will use X-band radars to effectively navigate and avoid collision with other ships. This increase in the implementation of X-band radars in ships and harbors will lead to the growth of this market during the predicted period.
In this industry research report, the analysts have also considered the role of factors like the development and use of multi-function radar (MFR) to estimate this market’s growth potential over the forecast period. The ability of this system to detect threats posed by anti-ship cruise missiles (ASCM), support fire control requirements of standard missiles (SM2/SM-3), and horizon search/track-while-scan (HS/TWS) will lead to its increased adoption during the estimated period.
The non-portable segment currently dominates the global X-band radar market and is anticipated to grow at a CAGR of almost 4% by 2020. With the widespread use of non-portable X-band radars for government and defense applications, the amount of investments in this market segment has increased significantly. Factors like the launch of new military communication satellites by the government in the US will also lead to the growth of this market segment during the forecast period.
In this market study, analysts estimate that the Americas will account for the largest market share during the forecast period and will grow at a CAGR of close to 5% by 2020. The development and launch of several new satellites through different programs like the United Launch Alliance and the Evolved Expendable Launch Vehicle are expected to have a positive impact on market growth during the forecast period.
The global X-band radar market has quite a few major international vendors. In this market, the vendors have to deal with significant challenges like maintaining a balance between cost and quality, and upgrades and retrofit solutions. The existing vendors in this market have to identify market trends and shifts, and adapt accordingly to survive and succeed in this market. Increased use of dual and transportable X-band radar is expected to provide opportunities to vendors and raise competition among the existing players. Vendors have to distinguish themselves by offering the best in products and services to remain relevant in the market, which is intensely competitive and indicates increased consolidation.
Key vendors in this market are -
Other prominent vendors in this market are Furuno Electric, Kelvin Hughes, Selex EX, Prosensing, and Terma.
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The X-band radar is a self-propelled, floating, mobile active electronically scanned array early-warning radar station that can operate in extreme conditions with high winds and heavy seas. It was developed as part of the Missile Defense Agency's Ballistic Missile Defense System.
The report, global X-band radar market, is part of Technavio’s aerospace and defense research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as aerospace, aerospace components, aerospace manufacturing, aerospace products, commercial aviation, defense, defense technology, general aviation, homeland security, maintenance repair and overhaul (MRO), and space. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Global aerospace and defense supply chain system
PART 07: Global aerospace and defense value chain system
PART 08: Market segmentation by type
PART 09: Geographical segmentation
PART 10: Key leading regions
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Key vendor analysis
PART 18: Appendix
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