Radar Systems and Technology Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Sep 2020
  • Pages: 120
  • SKU: IRTNTR45010
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The radar systems and technology market size has the potential to grow by USD 6.14 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (ground-based radar systems, airborne radar systems, and naval radar systems) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 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.

What will the Radar Systems and Technology Market Size be in 2020?

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Who are the Major Radar Systems and Technology Vendors?

The radar systems and technology market is fragmented. Airbus SE, BAE Systems Plc, and General Dynamics Corp. are some of the major market participants. Factors such as the development of new airports and terminal expansion, the need for implementing enhanced data processing procedures, and growing concerns about increasing flight safety mechanism will offer immense growth opportunities. However, complexity in radar subsystem upgrades, high transmission power requirement translates to prohibitive cost, and inconvenience of external factor influences may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this radar systems and technology market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this radar systems and technology market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Airbus SE
  • BAE Systems Plc
  • General Dynamics Corp.
  • Honeywell International Inc.
  • Indra Sistemas SA
  • Lockheed Martin Corp.
  • Raytheon Technologies Corp.
  • Rheinmetall AG
  • Saab AB
  • Thales Group

Which are the Key Markets for Radar Systems and Technology?

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. 

37% of the market’s growth will originate from North America during the forecast period. The US is a key market for radar systems and technology in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the radar systems and technology market size.

What are the Key Factors Covered in this Radar Systems and Technology Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will radar systems and technology market growth during the next five years
  • Precise estimation of the radar systems and technology market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the radar systems and technology industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of radar systems and technology market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The radar systems and technology market growth will increase by $6141.41 million during 2019-2024.
The radar systems and technology market is expected to grow at a CAGR of 5.69% during 2019-2024.
Technavio has segmented the radar systems and technology market by application (Ground-based radar systems, Airborne radar systems, and Naval radar systems) and geographic (North America, APAC, Europe, MEA, and South America).
Airbus SE, BAE Systems Plc, General Dynamics Corp., Honeywell International Inc., Indra Sistemas SA, Lockheed Martin Corp., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Thales Group are a few of the key vendors in the radar systems and technology market.
North America will register the highest growth rate of 37.44% among the other regions. Therefore, the radar systems and technology market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the radar systems and technology market growth are:
  • Development of new airports and terminal expansion
The radar systems and technology market vendors should focus on grabbing business opportunities from the ground-based radar systems segment as it accounted for the largest market share in the base year.
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