The Global Radars Market Was Valued At $27 Billion in 2017 According To TBRC’s Latest Report

Radar is a system for detecting/tracking the presence, direction, distance, and speed of objects such as aircraft, ships, and other objects. Radars usually operates in the ultra-high-frequency (UHF) or...

Radar is a system for detecting/tracking the presence, direction, distance, and speed of objects such as aircraft, ships, and other objects. Radars usually operates in the ultra-high-frequency (UHF) or microwave part of the radio-frequency (RF) spectrum, and these radio waves used to determine the range, angle, or velocity of objects such as aircraft, spacecraft, guided missiles, ships, motor vehicles, weather formations, and terrain.

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The market was valued $27 billion in 2017, due to demand for air traffic control radars from the aviation sector. Additionally, demand for other radars such as weather radars and naval based radars is supporting the market.

The Radars Global Market is split into the following segments: civil radars and military radars.

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Asia-Pacific was the largest region in the radar manufacturing market in 2017, accounting for 39% share in the market. The USA was the largest country in 2017, accounting for over 20% share in the market.

The top five competitors in the market are Northrop Grumman Corporation, Raytheon Company, Lockheed Martin Corporation, Thales Group and Leonardo S.p.A. Northrop Grumman Corporation was the largest competitor. It was founded in 1994 and is headquartered in Virginia, United States. Northrop Grumman is defense-contracting company engaged in the providing Aerospace Systems, Mission Systems, and Technology Services majorly for Department of Defense (DoD) of the US Government. The company operates through 424 locations, primarily in the US. Northrop Grumman Corporation also conducts business with foreign, state and local governments, as well as commercial customers.

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