TechNavio recognizes the following companies as the key players in Global Radar Market: Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co., and Thales S.A.
Commenting on the report, an analyst from TechNavio’s team said: “AESA antenna systems are a new technological advancement that will help and improve the Global Radar market. In the past, passive electronically scanned array systems were used that could transmit and receive a single signal with a particular frequency to detect objects. AESA antenna systems have numerous modules with various frequencies that transmit and receive the detection of objects. These frequencies help the radar systems to detect different objects in different directions. Due to these advantages, AESA antennas are being more widely adopted than the mechanical array and passive phased-array radars. AESA radars have also surpassed the production value of mechanical array and passive phased-array radars, are growing significantly in the Global Radar market.”
According to the report, one major driver is the increasing demand for radars from developing countries. The demand is expected to increase mainly due to the rising defense budgets in these countries.
Further, the report states that one of the major challenges in this market is increasing regulatory barriers, mainly due to the latest amendments in radar product standards.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-radar-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Radar Market 2014-2018
