The global long radar system market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). The radar systems operate through range radar systems to detect the objects by using echo and radio signal waves. Signal detects a suspected object by catching waves that strike the very object and come back to the system for verification. The various categories prevalent in the market include naval radar, airborne radar, land radar, and space-based radar. The market growth is majorly attributable to the widespread usage of such radar systems in the defense vertical of various emerging economies.
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Since these radars are deployed to pinpoint any possible threat detection in their specified range, their use in detecting the potential terrorist attack is maximum for defense purposes. Various defense-intensive economies have also marked the export of such radar systems. For instance, in August 2020, Mitsubishi Electric Corp. has signed a contract with the Philippines to supply an air radar system, marking the first export of a new, complete defense product since Japan’s long-held arms trade ban was eased in 2014.
Some key players operating in the market include Lockheed Martin Corp., Rockwell Collins Inc., and BAE Systems plc, among others. These players are focusing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships and collaborations, and new product launches, among others.
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Market Coverage
- Segment Covered-
o By Technology
o By End-User
- Competitive Landscape: Lockheed Martin Corp., Rockwell Collins Inc., and BAE Systems plc, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Long Radar System Market Report Segmentation
By Product Type
- Continuous Wave
- Pulse Radar
By End-User
- Defense
- Commercial
- Others
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