This market research report presents a detailed segmentation of the global X-band radar market by product type (portable and non-portable) and by geography (the Americas, APAC and EMEA). The leading vendors in this market are Israel Aerospace, Northrop Grumman, Saab, Reutech Radar, and Raytheon.
Technavio’s market research analysts estimate the global X-band radar market to grow at a CAGR of 4% between 2016 and 2020. Increase in sea trade activities worldwide has resulted in the growth of merchant vessels, which use X-band radars for efficient navigation and collison avoidance with other ships. Moreover, due to the rising naval disputes among nations across the globe, the need for new and modernized systems such as X-band radars has become prominent. These radars offer several advantages to military users including rain resistance, interference resilience, higher data rates, exclusive for government use, and remote coverage. The growing demand for X-band radars in military applications will augment the growth of this market during the forecast period. The Americas is expected to dominate the global X-band radars market by 2020, owing to the launch of several military satellites for military communication services in the region.
The new market research report from Technavio provides a breakdown and analysis of the X-band radars segments by technology.
“One of the latest trends gaining traction in this market is the development of multi-function radar (MFR). MFRs are designed to detect threats posed by low observable anti-ship cruise missiles (ASCM) and to support fire control requirements for standard missiles (SM-2/SM-3) and evolved sea sparrow missiles (ESSM). A MFR is at par with five radars in terms of operational ability, and hence reduces ownership costs and maintenance requirements. Rising investments in the MFR technology will propel the growth prospects of the X-band radar market in the coming years,” says Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research
At present, the non-portable X-band radars dominates the X-band radar market, accounting for 95% of the overall market share. Factors such as the growing adaptability of non-portable radars in government and defense sectors and subsequent huge investments will drive this market segment’s growth in the coming years. At present, the US is upgrading new military communication satellites to the next-generation protected SATCOM, which will in turn aid in this market segment’s growth in the coming years.
The leading vendors in the global X-band radar market include Israel Aerospace, Northrop Grumman, Saab, Reutech Radar, and Raytheon. At present, the customers are shifting towards cost-efficient and high-performance radars. This requirement has pushed vendors to identify the evolving trends in the market and come-up with long-term technological solutions to meet the consumer demands. Competition in this market is expected to intensify during the forecast period with the increased use of dual band and transportable X-band radar.
A more detailed analysis is available in the Technavio report, Global X-band Radar Market 2016-2020
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