Global X-band Radar Market Report Overview:
“The global X-band Radar Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Global X-band Radar Market: Dynamics
Increasing demand for sea-based X-band radar in naval applications is a major factor expected to drive the growth of the target market in years to come. In addition, increasing demand for X-band radar owing to the development of network-centric and electronic warfare, geopolitical instabilities, and territorial conflicts in developing countries are factors anticipated to drive the growth of the global X-band radar market.
Furthermore, automation of radar owing to the replacement of legacy systems and increasing government funding in the defense and military sectors in various countries for security are among the other factors expected to fuel the growth of the X-band radar market in the next 10 years.
However, stringent regulatory norms for certification of systems to be used in defense and commercial applications is a major factor that may restrain the growth of the X-band radar market. Additionally, noise interruption and electromagnetic jamming of radars during satellite communication are other factors expected to hamper the growth of the target market.
Increasing development of dual-band radars, automation and miniaturization in unmanned aerial vehicles and unmanned combat vehicles, and adoption of space-based radars, ballistic missiles, etc. are expected to create new revenue opportunities for operating manufacturers in the target market.
Global X-band Radar Market: Segment Analysis
Among the type segments, the mobile X-band radar segment is expected to register highest revenue share contribution in the target market in the next 10 years.
Among the array segments, the active electronically scanned array segment is projected to register significant revenue growth in the target market in the years to come.
Among the application segments, the defense segment is expected to account for major revenue share in the target market in coming years. The defense segment is further sub-segmented as land-based, airborne, and naval.
Global X-band Radar Market: Region Analysis
The X-band radar market in North America is projected to dominate the global x-band radar market in revenue in the next 10 years. Stringent regulatory norms and increasing demand for portable or mobile X-band radar in countries such as US are factors expected to drive the growth of the target market in the North American region.
The development in sea-based X-band radar for naval application is another factor expected to support revenue growth of the target market in the region. The Asia Pacific market is projected to register moderate revenue growth in the global X-band radar market due to increasing terrorist activities in the region.
The market in the Asia Pacific is expected to register the fastest growth rate in the target market owing to the modernization of military equipment and increasing government initiative and funding for defense systems in emerging countries.
Global X-band Radar Market Segmentation:
Segmentation based on Type:
- Mobile X-band Radar
- Sea-Based X-band Radar
Segmentation based on Array:
- Active Electronically Scanned Array (AESA)
- Passive Electronically Scanned Array (PESA)
Segmentation based on Application:
Segmentation based on Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Japan Radio Company Limited
- Terma A/S
- Northrop Grumman Corporation
- The Raytheon Company
- Saab AB
- Furuno Electric Company Ltd.
- Israel Aerospace Industries Ltd.
- Selex Es S.P.A
- Kelvin Hughes Limited
- Reutech Radar Systems (PTY) Ltd.
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