NEW YORK, June 22, 2015 /PRNewswire/ -- Use this report to:
Learn about the parameters measured and monitored by radar technology.
Receive market analysis for radar systems in terms of the monetary value of sales and shipment volumes.
Analyze patenting activities involving radar technologies.
Identify major stakeholder categories associated with radar systems, as well as profiles of major players in the industry.
The global radar systems market was valued at $17.7 billion in 2014. This market is expected to grow from $18.9 billion in 2015 to $24.6 billion in 2020, with a compound annual growth rate (CAGR) of 5.4% from 2015 to 2020.
The global automotive application market for radar systems is expected to increase from $9 billion in 2015 to $12.9 billion in 2020, a CAGR of 7.5% from 2015 to 2020.
The global defense application market for radar systems is expected to increase from nearly $8.2 billion in 2015 to $9.6 billion in 2020, with a CAGR of 3.2% from 2015 to 2020.
The term radar is now a common word and was originally coined as an acronym for radio detection and ranging. Although the term has acquired an identity of its own, the
present-day state of the art in the field, with all its associated advancements, remains true to this original definition.
Radar technology was introduced roughly a century ago and was initially used for defense, an association that has stood the test of time. However, the enduring
closeness between defense and radar has been detrimental in the long-term to the commercial prospects of the technology. The lock-in period exercised by defense
stakeholders over radar innovations has had a suffocating effect on what could have been a vibrant, double-digit annual growth rate registering technology. The
present-day technology has been adopted in unrecognizably different forms based on applications. While diversity is a laudable virtue, it should arise from market forces in
order to cater to end application requirements. In the case of radar, most commercial applications were developed due to their innate similarity to corresponding
applications in sectors similar to defense. As a result, the stakeholder community remains closed, especially for high-end products. Allowing market forces to
democratically participate in the evolution of radar would unlock enormous potential for the technology to be adapted to existing needs more effectively and allow the
exploration of new use cases in existing and allied sectors. Such an endeavor would also expand the stakeholder community and allow smaller companies to meaningfully
participate in value creation.
By simultaneously providing qualitative and quantitative forecasts of defense and other commercial applications, this report presents a rare picture of the unified radar market.
STUDY GOALS AND OBJECTIVES
This study's goals and objectives are:
To measure and forecast the market size for radar systems in terms of the monetary value of sales and shipment volumes.
To break down the overall global radar systems market along the following applications:
- Automotive systems.
- Environmental and weather monitoring.
- Aviation infrastructure.
- Ground penetrating radar (excluding glaciological applications).
To break down the individual end application markets along the following frequency categories:
- L band and below.
- S band.
- C band.
- X band and above.
To break down the market into applications along specific geographic regions:
- The Americas.
- Europe, the Middle East, and Africa (EMEA).
- Asia Pacific (APAC).
To analyze the stakeholder landscape of endeavors to commercialize radar technologies.
To analyze the patenting activity involving radar technologies.
REASONS FOR COMPLETING THE STUDY
This report highlights the fact that across the market, radar stakeholders are attempting to use higher frequency radar in existing low frequency applications
wherever feasible. These motivations are driven by the enhanced resolution, form factor and accuracy metrics offered by high-frequency radar. Technical and
commercial discussion around radar is invariably dictated by end application considerations. The disjointed analysis prevalent in the field compartmentalizes
essentially homogenous radar technology into seemingly unrelated silos. This report attempts to identify and analyze the common heritage of radar and to highlight the
aspects of the technology that are present in a wide variety of applications. By offering quantitative and qualitative analysis of a range of applications and juxtaposing them
with largely uniform radar design considerations regarding transmission power, transmission frequency, form factor and key innovative value additions, this report
underlines and emphasizes the enormous adaptability and flexibility of radar technology. Applications are analyzed at length, and the specific context of regional
dynamics is discussed. As a result, this report offers access to seemingly contrasting but essentially consistent trends that are present in applications, frequency ranges and
SCOPE OF THE REPORT
The report forecasts the size of the market in current U.S. dollars and shipment volumes for radar systems for 2015 through 2020.
The report forecasts the market size for radar systems used in individual applications such as defense, automotive systems, environmental and weather monitoring, aircraft,
aviation infrastructure, satellite, ground penetration (excluding glaciological applications) and maritime. Forecasts are classified on the basis of frequency bands
and geographic regions. Sales are presented in million dollars while shipment volumes are presented in single units.
Chapter Two provides an executive summary that outlines the key findings of the report.
Chapter Three provides a snapshot of technology and the market and presents a theoretical background for better appreciation of the technology and commercial
premise of radar systems across applications, geographical regions and frequency bands.
Chapter Four covers global markets for radar systems and provides detailed quantitative and qualitative analysis of individual applications.
Chapter Five identifies major stakeholder categories associated with radar systems, explains the distinctive dynamic of individual categories and highlights pertinent examples.
Chapter Six analyzes the relevant U.S. patents granted for radar systems.
This report will be relevant to:
Radar system manufacturers in non-defense and defense domains to identify the key applications and frequency bands that hold the greatest promise for their products
and compare these with each other.
Radar system component suppliers to study the implications of radar pricing and supply-demand cycles for their offerings.
End-user organizations to map and analyze price versus performance metrics of various radar categories.
Defense and governmental regulatory and oversight bodies to make informed purchase and roll-out decisions.
METHODOLOGY AND INFORMATION SOURCES
Both primary and secondary research methodologies were used in this study. Industry experts were interviewed, and secondary sources included industry consortia,
individual company financial statements, published opinions and other published materials.
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