RADAR stands for Radio Detection and Ranging System. It is an electromagnetic system used to detect the location and distance of an object from the point where the RADAR is placed.
It works by radiating energy into the air and monitoring the echo or reflected signal from the objects.
Market Drivers and Restraints
The growing need for improving border safety is expected to propel the demand for surveillance equipment and military radars.
Radars are mostly used for weapon guidance and surveillance. Also, widely used methods for guiding missiles such as Active Radar Homing (ARH) and Semi-Active Radar Homing (SARH) are making use of radar systems for accurate target tracking.
The two of the additional severe problems in radar systems are those of beam blockage and beam overshoot. The scanning radar beam can be blocked entirely for various directions when the radar is sited in an area surrounded on some sides by higher terrain.
Placing the radar on top may alleviate this problem, but doing so may cause the radar beam to overshoot lower levels. As a result, the precipitation intensity can be underestimated, or some precipitation may go undetected altogether.
Market Segmentation Analysis
• Short Range
• Medium Range
• Long Range
• Military Applications
• Air Traffic Control
• Remote Sensing
• Ground Traffic Control
Geographically, the global radar market is segmented into Asia-Pacific, North America, Europe, South America, and RoW. Among all the regions, North America accounted for the largest share of the market due to high military spending.
The military expenditure in the Americas region was valued USD 695 billion in 2017 which accounts approximately 40% of the global military spending. The USA and Canada are the major countries in this region, and they together hold 91% of the total region’s military spending. However, military spending in the sector was unchanged from 2016.
Some of the major players operating in the in global radar market are ASELSAN A.Ş., Lockheed Martin Corporation., Saab AB, Rockwell Collins., Northrop Grumman Corporation, Thales Group, Raytheon, HENSOLDT, Harris Corporation, and SRC, Inc. In April 2017, Lockheed Martin Corporation, a leading player in the radar market, launched a new long-range discrimination radar in 2017 for detection of Intercontinental Ballistic Missiles (ICBMs).
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