Radar is a detection system that uses radio
waves to determine the range, angle, or velocity of objects. It can be used to
detect aircraft, ships, spacecraft, guided missiles, motor vehicles, weather
formations, and terrain. The RADAR system generally consists of a transmitter
which produces an electromagnetic signal which is radiated into space by an
antenna. When this signal strikes any object, it gets reflected or reradiated
in many directions. Radar
Systems Market is expected to grow from USD 20.29 Billion in 2016 to USD 26.37 Billion by
2021, at a CAGR of 5.39% from 2016 to 2021.
Factors, such as increased usage of radar systems
in unmanned vehicles and homeland security, are expected to drive the growth of
the radar systems market.
The pulsed radars segment is estimated to
lead the radar systems market in 2016 The pulsed
radar segment led the radar systems market in 2016. This growth can be
attributed to the fact that pulsed radar systems aid in efficient and accurate
object detection and estimation of its range.
The modern uses of radar are highly diverse,
including air and terrestrial traffic control, radar astronomy, air-defense
systems, antimissile systems, marine radars to locate landmarks and other
ships, aircraft anticollision systems, ocean surveillance systems, outer space
surveillance and rendezvous systems, meteorological precipitation monitoring,
altimetry and flight control systems, guided missile target locating systems,
ground-penetrating radar for geological observations, and range-controlled
radar for public health surveillance.[3] High tech radar systems are associated
with digital signal processing, machine learning and are capable of extracting
useful information from very high noise levels. Radar is a key technology that
the self-driving systems are mainly designed to use, along with sonar and other
sensors. WIKI
Commercial is expected to be the
fastest-growing segment of the radar systems market during the forecast period.
Based on application, the radar systems market has been segmented into defense
and commercial. The commercial segment is expected to lead the radar systems
market. This can be mainly attributed to the increasing demand for radars
across various industries, such as automotive and oil & gas.
North
America is projected to be the largest market
for radar systems market. The North American region is projected
to lead the Radar Systems Market,
owing to various technological developments in radar systems and the presence
of key players in the region. The Asia-Pacific radar systems
market is expected to grow at the highest CAGR, due to disputes and unrest in
some countries in the region, which has led to the increased procurement of
surveillance systems. Countries such as China, India, and Japan have
invested significantly in coastal surveillance and weather detection
capabilities.
Lockheed Martin Corporation is one of the key
players in the radar systems market Lockheed
Martin (U.S.), Rockwell Collins (U.S.), Saab Group (Sweden), BAE Systems (U.K.),
Rheinmetall AG (Germany),
and General Dynamics (U.S.) are among the key players operational in the radar
systems market. Market share analysis has been carried out by tracking all the
products of the key market players, their geographical presence, and recent
developments.