This market research study presents a detailed segmentation of the global naval radar systems market by the key areas (the Americas, APAC, and EMEA). The leading vendors identified in the market are Finmeccanica, Lockheed Martin, Northrop Grumman, Raytheon, and Thales Group.
Technavio’s market research analysts estimate the global naval radar systems market to grow at a CAGR of more than 6% between 2016 and 2020. Owing to the rise in naval threats, several nations are focusing to strengthen their naval weapon systems, including radars, to counter the illegal activities such as smuggling and intercontinental immigration. Of late, improvements in the radio frequency technology and the need for early detection of objects are prominent factors drawing heavy investments in radar systems. The Americas dominate the global naval radar systems market, accounting for 50% of the total market share. The US is the major revenue-contributing nation in the region owing to its highest defense budget across the globe.
The new market research report from Technavio provides a breakdown and analysis of the naval radar systems segments by technology.
“The market is expected to witness increasing use passive radars in the coming years. Of late, the emergence of the passive radar technology has overpowered the stealth technology. Unlike conventional radar systems, passive radars do not emit waves and so they cannot be blocked. The passive radars can be placed at remote locations to track flying objects at low altitudes, and therefore, are indispensable for military operations. For example, the European Aeronautic Defense and Space Company develops passive radars that can detect stealth aircraft through radiation signals emitted by mobile phone networks, radio broadcasts, or by other sources. Besides defense and naval operations, they are also used in commercial applications,” says Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research
Vendors in the market are increasingly adopting the digital beamforming technology, as it eliminates the performance variation and has the capability to send multiple beams at the same time. The radars supporting this technology can monitor multiple directions simultaneously, which is a major advantage compared to conventional systems. These can also be placed on satellites to perform environmental monitoring and spy missions from the orbit. They are combined with antenna and digital technologies to secure the incoming information as well.
The leading vendors in the global naval radar systems market include Finmeccanica, Lockheed Martin, Northrop Grumman, Raytheon, and Thales Group. This market is characterized by the presence of well-diversified international and small and medium-sized vendors. The competitive environment is expected to increase in product extensions, technological innovations, and an increase in the number of contracts and mergers and acquisitions in this market.
A more detailed analysis is available in the Technavio report, Global Naval Radar Systems Market 2016-2020.
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