The global X-band radar market was valued at USD 4,640.8 Mn in 2015 and is expected to expand at a CAGR of 3.8% during the forecast period (2016–2026).
Albany, NY -- (SBWIRE) -- 08/16/2018 -- X-band radar market includes two broad categories; mobile X-band radar and sea-based X-band radar. The mobile X-band radar has features such as Doppler and dual-polarization. The mobile X-band radar is used to gauze rain, radial winds, and polarization parameters. The mobile X-band radar is fully transportable and can be deployed in coastal as well as in borders areas. Sea-based X-band radar is a static radar mounted on a semi-submersible tower in the sea.
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Future Market Insights offers a 10-year forecast of the global X-band radar market between 2016 and 2026. The report defines 2014 as the base year and provides data for the following 12 years. In terms of value, the global X-band radar market is expected to register a CAGR of 3.8% during the forecast period.
This research report provides a detailed analysis of global X-band radar market to identify factors contributing to growth of the market across different regions. This study demonstrates market dynamics and trends of regions such as North America, Latin America, Asia-Pacific, Japan, Eastern Europe, Western Europe, and Middle East & Africa which influence the current nature and future status of the global X-band radar market during the forecast period. Additionally, the report has been segmented on the basis of system component. A detailed analysis of the value chain further empowers clients to formulate strategies for every stage of their business.
Growing need of advanced security and surveillance systems across the world is driving the growth of the market. Additionally, increasing significance of weather and climate predictions, and aviation safety is also propelling the growth of the market. X-band radar vendors are investing aggressively in the advancement of multiple target detection technology in order to overcome the current challenge associated with X-band radars.
This report provides FMI's analysis on key trends, drivers, and restraints influencing the global X-band radar market. The weighted average model is leveraged to identify the impact of key growth drivers and restraints across various geographies in order to help clients achieve a categorical view of the market.
On the basis of type, the market is segmented into mobile X-band radar, and sea-based X-band radar. A detailed analysis has been provided for every segment in terms of market size. The global X-band radar market is further categorised on the basis of system component (command and control system and communication system). The report provides a detailed analysis for each segment in terms of market value (US$ Mn) for the global X-band radar market. In addition to this, a detailed analysis covering key trends, absolute dollar opportunity, and BPS analysis, market attractiveness analysis has also been presented.
Given the ever-fluctuating global economy, the report not only forecast the market on the basis of CAGR, but also analyses the impact of key parameters on the each year of the forecast period. This helps client to understand the predictability of the market and identify the right opportunities across the market during the forecast period. Also, a significant feature of this report is the analysis of all vital segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for assessing the level of revenue opportunity in the market.
In the final section of the report global X-band radar market, competitive landscape is included in order to present the client with a dashboard view based on the categories of providers in the value chain, product portfolios, and key differentiators. This section is important for gleaning insights about the participants in the market's ecosystem. Additionally, it enables identification and evaluation of key competitors based on in-depth assessment of their capabilities and successes in the marketplace. The report provides comprehensive profiles of the providers to evaluate their long-term and short-term strategies, key offerings, and recent developments. Key competitors covered in this report include Northrop Grumman Corporation, Raytheon Company, Saab Group, Japan Radio Company Limited, Israel Aerospace Industries Ltd., Furuno Electric Co., Ltd., Terma A/S, Detect Inc., Reutech Radar Systems, and ProSensing, Inc.
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In order to evaluate the market size, revenue generated by the X-band radar vendors has been taken into consideration. Moreover, market estimates have been analysed keeping in mind different factors including technology, environment, economic, legal, and social. In order to provide correct market forecast statistics, the current market was sized as it forms the basis of X-band radar market during the forecast period. Given the characteristics of the market, we triangulated the outcome of three different types of data including secondary research, primary research, and data from paid databases. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research. Secondary research includes key players' product literature, annual reports, press releases, and relevant documents, recent trade journals, technical writing, internet sources, trade associations, agencies, and statistical data from government websites. This collated data from primary and secondary data sources is then analysed by the in-house research panel using market research statistical tools.
Key Segments Covered
Mobile X-band Radar
Sea-Based X-band Radar
By System Component
Command and Control System
Key Regions/Countries Covered
Rest of LATAM
APAC Excluding Japan (APEJ)
Rest of Asia-Pacific
Rest of Eastern Europe
Rest of Western Europe
Middle East & Africa
Rest of MEA
Northrop Grumman Corporation
Japan Radio Company Limited
Israel Aerospace Industries Ltd.
Furuno Electric Co., Ltd.
Reutech Radar Systems (RRS)
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