Bharat Book Bureau Provides the Trending Market Research Report on “Radar Systems Market with COVID-19 Impact, by Function, Specification, Application, Bore Size, Industry and Region - Global Forecast to 2027” under Defence Market Research Reports Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
The Radar Systems Market is estimated to be USD 32.5 billion in 2021 and is projected to reach USD 41.0 billion by 2026, at a CAGR of 4.8% from 2021 to 2026. Growth of this market can be attributed to the rise in trade of radar systems, developments in the defense sector, and national security sector.
“Increasing demand for advanced weather monitoring radar to drive the market for radar systems during the forecast period”
Weather monitoring radar, also known as weather surveillance radar (WSR) and Doppler weather radar, are developed to detect precipitation (rain, snow, and hail, among others) and calculate its direction of motion in order to estimate weather conditions in a particular region at a given time. These radar are used across commercial, scientific, and military applications, with many companies actively developing new technologies for use in weather monitoring. For instance, In June 2020, Honeywell (US) developed the IntuVue RDR-7000 Weather Radar System, which can be used in military and defense applications. The IntuVue RDR-7000 can also be used on urban mobility platforms such as air taxis and airborne emergency vehicles.
Furuno (Japan) offers two X-band weather Doppler radar, namely, the Single Polarimetric WR110 and the Dual Polarimetric WR2120. The WR110 Single Polarimetric radar is highly efficient for normal rain observation, while the WR2120 is highly sophisticated and facilitates observations, including three-dimensional analysis of heavy precipitation cumulonimbus and localized rainfall prediction.
The development of various advanced weather monitoring radar and their increased adoption to accurately monitor and predict weather conditions is expected to boost the radar systems market in the near future. Weather radar fall under the land platform, which held a 26% share of the overall radar market in 2020.
The study covers the radar systems market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on Application, Platform, Frequency Band, Component, Range, Dimension, Technology, Type and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.
Reasons to Buy this Report
This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall radar systems market and its segments. This study is also expected to provide region wise information about the end use, and wherein radar systems are used. This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
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