The post Radar Systems Market is expected to witness Incredible Growth during 2021-2031 appeared first on Newstrail.com authored by Global Insight Services
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MARKET SEGMENTS
The Radar Systems Market is segmented by product type, platform, application, and region. By offering, the market is segmented into hardware, software, and services. The hardware segment is further categorized into antenna, receiver, transmitter, duplexer, and others. The service segment is further bifurcated into installation and integration segments. By product type, the market is fragmented into continuous wave radar, pulse radar, and others. On the basis of platform, it is classified into marine, air, ground, and space. The applications covered in the study include air traffic control, remote sensing, ground traffic control, and space navigation & control. Depending on end user, the market is segregated into automotive, aviation, industrial and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
KEY MARKET PLAYERS
The The Radar Systems Market includes players such as Northrop Grumman Corporation, Lockheed Martin Corporation, SAAB AB, Rockwell Collins Inc., Thales Group, Honeywell International Inc., L-3 Communications Holdings, General Dynamics Corporation, BAE Systems, and Dassault Aviation.
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Radar systems are used to detect, track, and determine the range, speed, and other characteristics of aircraft, missiles, and other objects. They work by emitting pulses of radio waves or microwaves that reflect off of the target and return to the radar receiver. The time it takes for the waves to reflect back can be used to determine the range of the target, while the Doppler effect can be used to determine the speed. Radar can also be used to measure the altitude, direction, and other properties of the target.
KEY DRIVERS
The key drivers of radar systems market are the increasing demand for enhanced situational awareness and the need for early detection and identification of potential threats. The military and aerospace sector is the major end user of radar systems, and the growing defense budgets of various countries is expected to drive the growth of this market. The commercial sector is also expected to be a key driver of growth, due to the increasing demand for air traffic management and weather forecasting. The increasing demand for radar systems in the automotive sector for applications such as adaptive cruise control, blind spot detection, and lane departure warning is also expected to drive market growth.
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