Global X-Band Radar Market 2016-2020

Overview of the global X-band radar market

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.

Segmentation by type and analysis of the X-band radar market

• Portable
• Non-portable

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.

Geographical segmentation of the X-band radar market

• Americas
• APAC
• EMEA

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.

Competitive landscape and key vendors

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 -

• Israel Aerospace Industries (IAI)
• Northrop Grumman
• Raytheon
• Reutech Radar Systems
• Saab

Other prominent vendors in this market are Furuno Electric, Kelvin Hughes, Selex EX, Prosensing, and Terma.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global X-band radar market?
• What are the key market trends impacting the growth of the global X-band radar market?
• What are the challenges to market growth?
• Who are the key vendors in the global X-band radar market?
• What are the market opportunities and threats faced by the vendors in the global X-band radar market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global X-band radar market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Air and Missile Defense Radar System Market 2016-2020
• Global Military Radar Systems Market 2015-2019
• Global Naval Radar Systems Market 2016-2020
• Global Radar Systems and Technology Market 2016-2020
• Global Environmental Sensing and Monitoring Market 2015-2019 - Market Analysis

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.