Global radar systems market growth is due to growing R&D in military simulation and rising defence spending in emerging economies. In 2017, the world's military budget was US$ 1739 billion. Vayyar Image is developing new products to expand the market. These evaluation kit enable manufacturers to test 3D radars and find the most cost-effective applications.
Air
The increasing demand for advanced surveillance radars is driving the airborne radar system market. Market growth is also being driven by increased military aircraft procurement and development of next-generation models. In fact, the Indian Ministry of Defense recently signed a contract with Airbus to acquire 56 C-295 aircraft by 2021. The first 16 aircraft will be delivered from Airbus' final assembly line in Spain, while the remaining 40 aircraft will be manufactured in India.
Marine
The marine radar systems market is expected to grow at a CAGR of 2.4% over the forecast period. The use of radar has increased in many maritime applications, including surveillance and weapons guidance applications. This technology prevents accidents by identifying stationary and moving objects. The economic downturn has negatively affected the supply chain, manufacturing, and consumption of marine radar. However, this technology is expected to be rediscovered once the economy stabilizes.
Unmanned
The Unmanned radar systems market report offers detailed information about the current developments and trade regulations. The report also highlights market opportunities through the development and sale of low-cost radars and miniaturized radar. However, the market for radar systems is expected to face key challenges in the future due to stringent trade regulations as well as new jamming technologies.
Land
The global land-radar systems market can be divided into North America (Europe), Asia-Pacific (Asia-Pacific), and Europe (North America). North America is the largest market for radar systems. It accounts for 38.8% in the total land-based market for military radar systems. However, the Asia-Pacific region accounted for a greater share of the global land radar system market. This is mainly attributed to countries such as Japan, India, and China. For radar systems, Latin America and Africa are important areas.
Space
The global Space for radar systems market, which is forecast to grow at a CAGR 10.1% between 2018-2022, is expected. The privatization of space exploration is expected to drive this growth. Private space flight companies are using space radar systems in increasing numbers, thanks to the government's growing support.
Demand from the regions for radar systems
The radar sensor market is anticipated to grow at a high CAGR of more than 8 percent in France over the next five years, thanks to several factors, including the growth of the aerospace & defense industry in France, and increasing research and development activities in companies manufacturing military vehicles and special aircrafts.