Research Reports
North America and Europe Accounts for More than 35% Share of Total Surveillance Radar Market Revenues – Fact.MR Study
Published by Uma Rajagopal
Posted on November 25, 2021
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Surveillance Radar market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Surveillance Radar
The report offers actionable and valuable market insights of Surveillance Radar. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Surveillance Radar Market across various industries and regions.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=4612
This newly published and insightful report sheds light on Market Insights of Surveillance Radar, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Surveillance Radar Market. The global naval radar market is estimated to grow at a steady CAGR of over 4% during the forecast period (2019-2029) and reach a value pool of over US$ 2 Bn.
Heightened defense spending for strengthening the naval fleet and securing the coastal line is anticipated to drive the market for naval radars during the forecast period. Strengthening coastal surveillance and adoption of e-navigation technologies are estimated to propel the demand growth for naval radars.
Emerging countries offer lucrative growth opportunities for international naval radar manufacturers. Geopolitical threats and maritime disputes, piracy and terrorism have shifted the focus of regional defense organizations to enhance surveillance abilities and mitigate threats to coastlines. Advancements in security and functionality and a proliferating defense sector is set to offer remunerative opportunities and escalate demand in the foreseeable future.
Key Takeaways of Naval Radars Market Study
- At the country level, China has shown high growth potential in recent years owing to the increasing shipbuilding industry and naval expansion. The country is expected to showcase moderate growth of 3% in the near future
- North America and Europe collectively, remain key regions with a robust shipbuilding industry and has highly diverse vessel repair and maintenance services; the region is expected to dominate the demand for naval radars. The two regions cumulatively account for more than 35% share in the global naval radar market
- Surveillance radars will continue to account for the bulk demand share and grow 1.3x during the forecast period. This can be attributed to growing competition between nations for maritime resources utilized for scanning, searching, and identifying targets
- Navigation is another segment that is heightening the demand for naval radars owing to the need to track in a variety of situations and collision avoidance. The segment is anticipated to witness 1.5X growth by the end of forecast period
Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=4612
“Up-gradation of existing radar platforms with a shift from specialized radar systems to multi-band and multi role radar system will positively affect the demand for naval radars in the foreseeable future.With rising terrorist activities across the globe and geopolitical threats across all nations will proliferate the demand for advanced naval radars” –Says the Fact.MR Analyst
Technological Advancements to Promote Sustainable Revenue
Leading players such as Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Saab AB, and BAE Systems are key stakeholders and account for more than half of the share in the global market. Most of these players have bases in Europe and North America as the regional policies are favoring private sector involvement in defense technology development. Product innovations and efforts for offering advanced technology and customized solutions, will emerge as a prime differentiating factors in the long term forecast period. Market players must then invest in research and development to differentiate their offerings in a consolidated market.
Global Naval Radar Market: In-Depth Assessment on Key Segments
The global naval radar market is segmented on the basis of type and region.
| Type |
|
| Region |
|
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/4612
Key Question answered in the survey of Surveillance Radar market report:
- Sales and Demand of Surveillance Radar
- Growth of Surveillance Radar Market
- Market Analysis of Surveillance Radar
- Market Insights of Surveillance Radar
- Key Drivers Impacting the Surveillance Radar market
- Which are the Key drivers impacted by Surveillance Radar market
- Restraints Shaping Market Growth
- Market Survey of Surveillance Radar
More Valuable Insights on Surveillance Radar Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Surveillance Radar, Sales and Demand of Surveillance Radar, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
Explore Fact.MR’s Comprehensive Coverage on Industrial Goods Domain:
Utility Locator Market – Market Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2020 to 2030
Firestop Sealants Market – Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029
Centrifugal Chiller Market – Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Surveillance Radar market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Surveillance Radar
The report offers actionable and valuable market insights of Surveillance Radar. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Surveillance Radar Market across various industries and regions.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=4612
This newly published and insightful report sheds light on Market Insights of Surveillance Radar, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Surveillance Radar Market. The global naval radar market is estimated to grow at a steady CAGR of over 4% during the forecast period (2019-2029) and reach a value pool of over US$ 2 Bn.
Heightened defense spending for strengthening the naval fleet and securing the coastal line is anticipated to drive the market for naval radars during the forecast period. Strengthening coastal surveillance and adoption of e-navigation technologies are estimated to propel the demand growth for naval radars.
Emerging countries offer lucrative growth opportunities for international naval radar manufacturers. Geopolitical threats and maritime disputes, piracy and terrorism have shifted the focus of regional defense organizations to enhance surveillance abilities and mitigate threats to coastlines. Advancements in security and functionality and a proliferating defense sector is set to offer remunerative opportunities and escalate demand in the foreseeable future.
Key Takeaways of Naval Radars Market Study
- At the country level, China has shown high growth potential in recent years owing to the increasing shipbuilding industry and naval expansion. The country is expected to showcase moderate growth of 3% in the near future
- North America and Europe collectively, remain key regions with a robust shipbuilding industry and has highly diverse vessel repair and maintenance services; the region is expected to dominate the demand for naval radars. The two regions cumulatively account for more than 35% share in the global naval radar market
- Surveillance radars will continue to account for the bulk demand share and grow 1.3x during the forecast period. This can be attributed to growing competition between nations for maritime resources utilized for scanning, searching, and identifying targets
- Navigation is another segment that is heightening the demand for naval radars owing to the need to track in a variety of situations and collision avoidance. The segment is anticipated to witness 1.5X growth by the end of forecast period
Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=4612
“Up-gradation of existing radar platforms with a shift from specialized radar systems to multi-band and multi role radar system will positively affect the demand for naval radars in the foreseeable future.With rising terrorist activities across the globe and geopolitical threats across all nations will proliferate the demand for advanced naval radars” –Says the Fact.MR Analyst
Technological Advancements to Promote Sustainable Revenue
Leading players such as Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Saab AB, and BAE Systems are key stakeholders and account for more than half of the share in the global market. Most of these players have bases in Europe and North America as the regional policies are favoring private sector involvement in defense technology development. Product innovations and efforts for offering advanced technology and customized solutions, will emerge as a prime differentiating factors in the long term forecast period. Market players must then invest in research and development to differentiate their offerings in a consolidated market.
Global Naval Radar Market: In-Depth Assessment on Key Segments
The global naval radar market is segmented on the basis of type and region.
| Type |
|
| Region |
|
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/4612
Key Question answered in the survey of Surveillance Radar market report:
- Sales and Demand of Surveillance Radar
- Growth of Surveillance Radar Market
- Market Analysis of Surveillance Radar
- Market Insights of Surveillance Radar
- Key Drivers Impacting the Surveillance Radar market
- Which are the Key drivers impacted by Surveillance Radar market
- Restraints Shaping Market Growth
- Market Survey of Surveillance Radar
More Valuable Insights on Surveillance Radar Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Surveillance Radar, Sales and Demand of Surveillance Radar, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
Explore Fact.MR’s Comprehensive Coverage on Industrial Goods Domain:
Utility Locator Market – Market Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2020 to 2030
Firestop Sealants Market – Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029
Centrifugal Chiller Market – Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com