New technological advances in the radars are enhancing capabilities and decreasing the manufacturing costs. Gallium nitride (GaN) power transistors, active electronically steered array (AESA) antennas and low noise amplifiers (LNA) are increasingly being used in the radars to increase frequency, reduce maintenance costs, failure rates and size and weight.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL RADAR MARKET AT $2 TRILLION IN 2017
Asia Pacific was the largest geographic region in the market, accounting for two-fifth of the global market.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, increase in the effective radar frequency range is one of the emerging drift in the radar industry. It gives benefit in overcrowding. One of the major application of this technique is broadband multifunctional system.
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Lockheed Martin Corporation was the largest player in the radar market in 2017, with revenues of $47 billion in 2016. Lockheed Martin Corporation’ growth strategy aims at vertical integration and acquisition to increase their revenue growth.
The radars industry comprises establishments primarily engaged in manufacturing radars for both civil and military purposes. Examples include air defense radars and air traffic control radars.
Radars Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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