Radar Security Market: Top Industry Growth Factors & Segments, 2016-2024
Deerfield Beach, FL -- (SBWIRE) -- 09/05/2017 -- Global Radar Security Market: Overview
Radar security is a branch that protects a radar system from online thefts and attacks. Radars are used to analyze and detect motion and movement of any object and element in the nearby surrounding and perimeter of the radar. They are used in critical and significant infrastructures such as seaports, airports, national borders, military installations, refineries, and others. Hence, radar security has very significant importance.
Global Radar Security Market: Growth Factors
The global radar security market is likely to elevate in the near future. Growing concern about the security and the safety of the critical infrastructures is the main reason that has driven the growth of the global market. Moreover, strict government norms for the usage of radar security are also boosting the growth of the global radar security market. In addition to this, the rise in the demand from the industry due to its applications in different sectors is also powering the growth of the global radar security market. Adding to the list, rise in the job opportunities is also one of the significant reasons that are boosting the global market.
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On the other hand, the high cost of ownership is the main reason hampering the growth of global radar security market. In addition to this, the huge cost of maintenance is also one of the significant reasons that are restraining the growth of the global market. Moving on, unawareness about the advantages of the radar security services is one of the reasons that is decreasing the growth of the global radar security market.
Global Radar Security Market: Segmentation
Based on types, the global radar security market is mainly classified as perimeter surveillance radars, ground surveillance radar systems, marine surveillance radar systems, air surveillance radar systems, and others.
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On the basis of range, the global market for radar security is segmented into the medium range which is up to 48 km, the long range which is 48 km, a short range which is up to 500 m, and others.
Based on application, the global market for radar security is bifurcated into seaport and harbor, border security, critical infrastructure, and others.
Global Radar Security Market: Regional Analysis
Geographically, the global radar security market is divided into Asia Pacific, North America, and Rest of the World. Growing concern about the security and the safety of the critical infrastructures has elevated the global market in Canada and the U.S. Strict government norms for the usage of radar security is boosting the global market in Japan, India, China, and Korea. Europe will witness a decline in the growth of the market due to growing unawareness among the users.
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Global Radar Security Market: Competitive Players
Some of the key players in the global radar security market are Lockheed Martin Corporation, Thales SA, Saab AB, Raytheon Company, FLIR Systems, Inc., Elbit Systems Ltd., Blighter Surveillance Systems, and Israel Aerospace Industries Ltd. Other major players in the global market include DeTect Inc., Kongsberg Gruppen, Thales Raytheon Systems, SRC Inc., and Kelvin Hughes Limited.
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