The global X-band radar market is projected to grow from USD 4.58 Billion in 2016 to USD 5.61 Billion by 2021, at a CAGR of 4.1% during the forecast period
Factors such as increasing crime in the form of territorial conflicts, emergence of electronic and network centric warfare, replacement of legacy systems resulting in the automaton of radar systems, and increasing use of the X-band radar in defense are expected to drive the growth of the global X-band radar market during the forecast period, 2016 to 2021.
Procurement of the X-band radar by the defense sectors of countries has increased considerably over the past few years, mainly driven by the increasing number of wars against terrorist outfits, globally, especially in the Middle East and Asia-Pacific regions. There is also an increasing demand for the technologically advanced X-band radars, such as the Polarimetric radar, Long Range Discrimination Radar (LRDR), electronically scanned array radar, and solid state transmitters.
The global X-band radar market by type is dominated by the mobile X-band radar segment, which is used for a wide range of applications, such as, to study the dynamics of extraordinary cyclones and cloud microphysics, urban rainfall, and sea breezes, among others. The mobile X-band radar segment is expected to grow at the highest rate in the near future.
The demand for mobile X-band radars has been increasing across the globe, owing to increased usage in air traffic control, early weather warning, perimeter surveillance, and airborne surveillance. The demand for portable or mobile X-band radars in the North American region is growing at a rapid pace. This is due to the development of various new programs by the U.S. to devise an enormous defense system. The Raytheon Company (U.S.) has also developed the sea-based X-band radar for the naval surveillance application.
The Asia-Pacific region is expected to exhibit the highest growth in the X-band radar market during the forecast period. The key drivers of the X-band radar market in the Asia-Pacific region include the need to counter the rising terrorist activities and the various military equipment modernization programs, which propel the major defense manufacturers of the region to develop better techno-efficient X-band radars.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 X-Band Radar Market, By Application
8 X-Band Radar Market, By Type
9 X-Band Radar Market, By Array
10 X-Band Radar Market, By Region
11 Competitive Landscape
12 Company Profiles
- Furuno Electric Company Ltd.
- Israel Aerospace Industries
- Japan Radio Company Limited
- Kelvin Hughes Limited
- Northrop Grumman Corporation
- Reutech Radar Systems (PTY) Ltd.
- Saab AB
- Selex Es S.P.A
- Terma A/S
- Thales Raytheon Systems Company LLC
- The Raytheon Company
For more information about this report visit http://www.researchandmarkets.com/research/5hnf47/xband_radar
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SOURCE Research and Markets