As per the latest report by IMARC Group, the global X-band radar market size reached a value of US$ 5.5 Billion in 2021. Looking forward, the market expected to reach US$ 6.8 Billion by 2027, exhibiting a CAGR of 3.8% during 2022-2027. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
What are X-Band Radar?
Initially used for ship traffic control and navigation purposes, X-band radar is nowadays utilized in large research vessels and various offshore installations. This can be accredited to their short wavelength, which allows higher resolution imaging for target identification and discrimination. They are also used in maritime navigation for military and civil applications, such as air traffic control, weather monitoring, naval vessel traffic control, defense tracking and vehicle speed detection for law enforcement. Moreover, X-band radars are considered ideal for studying cloud development as they can detect light precipitation, owing to which their demand is escalating across the globe.
Global X-Band Radar Market Trends:
The market is currently experiencing steady growth on account of the rising need for advanced security and surveillance systems around the world. Consequently, governments of numerous countries are investing in these systems to safeguard citizens from both internal and external threats, which in turn is strengthening the X-band radar market growth. Apart from this, the increasing application of X-band radar in aviation safety represents another growth-inducing factor as it helps in improving the overall safety of air transport.
Furthermore, investments are being made for developing innovative weather detection radars worldwide. For instance, Vaisala Oyj, Finland-based weather, environment and industrial measurement firm, recently introduced an advanced X-band weather radar. It assists in providing hydro-electric power plants with accurate precipitation measurement and improved data for flood warnings.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being JRC(Japan Radio Co., Ltd.), Raytheon Company (RTN), FURUNO ELECTRIC CO (6814.T), Northrop Grumman Corporation (NOC), Terma A/S, Saab AB, HENSOLDT UK, Israel Aerospace Industries, Selex ES and Reutech Radar (Pty) Ltd.
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The report cover the below key market segments:
Breakup by Type:
- Non-Portable
- Portable
Based on the type, the market has been bifurcated into non-portable and portable segments.
Breakup by Array:
- Active Electronically Scanned Array (AESA)
- Passive Electronically Scanned Array (PESA)
On the basis of the array, the market has been divided into active electronically scanned array (AESA) and passive electronically scanned array (PESA).
Breakup by System Component:
- Communications System
- Command and Control system
The market has been analyzed on the basis of the system component into communications, and command and control systems.
Breakup by Application:
- Defense
- Government
- Commercial
Based on the application, the market has been segregated into the defense, government and commercial segments.
Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Region-wise, the market has been classified into Asia Pacific, Europe, North America, Latin America, and Middle East and Africa.
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