3D Radar Market Size, Industry Share | Forecast, 2030

 


3D Radar Market

The 3D Radar Market is expected to grow at a significant CAGR during the forecast period.

The factors driving the growth of 3D Radar Market includes growing demand for enhancing the tactical capabilities with the integration of advanced technologies in combat vehicles such as Unmanned Aircraft Vehicle (UAV) and its increasing application in air defense, surveillance, and weather monitoring. As per the report published by Bloomberg, The Unmanned Aerial Vehicle Market is expected to reach USD 77.69 Billion by 2030 due to growing demand of Unmanned Aerial Vehicles by Militaries across the world, which will boost the 3D Radar Market Size in the coming years. Moreover, the increasing expenditure by Government on acquiring military warfare systems, would further increase the market growth, as per the Ministry of Defense of India, the capital budget allocated for acquiring new military systems and weapons was around 1/4th of the total capital expenditures for FY2021-2022.

However, the growth of 3D Radar Market is hindered due to high cost associated with maintenance, installation & development, and training for operating the of 3D radar systems.

The prominent players operating in the market are Airbus Defense and Space (US), Thales Group, Honeywell International Inc, SAAB Group, Northrop Grumman Corporation (US), Raytheon Company (US), Harris Corporation, ELTA Systems Ltd, Leonardo S.P.A, Rheinmetall AG, ASELSAN A.S., ELTA Systems Ltd and BAE Systems Plc among others.

Range: Segment Analysis

According to the 3D Radar Market Forecast, the long-range segment is anticipated to dominate the market in 2017. The growing application of 3D Radars in weather monitoring due to its ability to predict events such as such as floods, hurricanes, cyclones, and earthquakes, is pushing the growth of the segment.

Platform: Segment Analysis

Based on the platform, the airborne segment is projected to dominate the market in 2017.                            The increasing manufacturing of specialized airborne 3D Radars by key players for integrating it in Unmanned ariel Vehicles (UAVs) to enhance the data collection of fast-changing terrains, like snow slops and active volcanoes, is supplementing the growth of the segment.

Regional: Segment Analysis

The Asia-Pacific region is expected to grow at a significant CAGR over the forecast period due to increasing Aerospace Industry, emerging need to monitor security threats and its growing use to capture traffic offenders.

On the other-hand, North American region is anticipated to dominate the 3D Radars Market due to increasing Government initiatives to integrate technologically advanced surveillance systems in their respective Militaries.

Market Segmentation

3D Radar Market by Range

  • Long Range
  • Medium Range
  • Short Range

3D Radar Market by Frequency

  • C/S/X Band
  • E/F Band
  • L Band
  • Others

3D Radar Market by Platform

  • Airborne
  • Ground
  • Naval

3D Radar Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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