IMARC Group, a leading market research company, has recently releases report titled, “Radar System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The study provides a detailed analysis of the industry, including the global radar system market share, size, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
|Market Size in 2022||US$ 33.7 Billion|
|Market Forecast in 2028||US$ 42.2 Billion|
|Growth rate (2023 to 2028)||CAGR of 3.3%|
|Base Year of the Analysis||2022|
Radio detection and ranging (RADAR) is an electromagnetic-based detection system that radiates electromagnetic waves and studies the reflected echoes. It helps in locating an object accurately and assessing its target speed. It is widely used in military operations for naval, ground, and air defense purposes. It is also employed to track and detect satellites and spacecraft, and guide an aircraft for proper landing and take-off during bad weather conditions. Besides this, it finds application in air traffic control, remote sensing, ground traffic control, and space navigation applications.
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The flourishing automotive industry and increasing use of advanced safety features in passenger cars and other transportation systems represent one of the key factors positively influencing the market. In addition, radar systems are employed for digital signal processing due to their capability of identifying signals from high noise levels generated by other electronic components. Moreover, the rising applications of radar systems in weather monitoring on account of the ability of radar signals to penetrate through fog, clouds, snow, and mist are propelling the market growth. Furthermore, the increasing use of radar technology in the healthcare sector for monitoring signals associated with respiration, heartbeat, and blood pressure is creating a positive market outlook.
The report has segmented the market into the following categories:
Breakup by Type:
Breakup by Component:
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Breakup by Frequency Band:
Breakup by Region:
The report covers the major market players including:
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