Long Range Radar Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Long range radar systems are used by defense authorities for the detection of objects with the use of radio signals and waves. These signals are able to detect the suspected object by capturing the bounced back waves. Such systems are utilized for various application such as air and missile defense, airspace monitoring and traffic management, ground surveillance, weapon guidance, navigation, airborne mapping, mine detection and underground mapping, Requirement for long range radar systems is expected to grow notably all over the world in coming years.

MARKET SCOPE

The "Global Long Range Radar Systems Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the long range radar systems market with detailed market segmentation by frequency band, component, product type, application, and geography. The report provides key statistics on the market status of the leading long range radar systems market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on frequency band, the global long range radar systems market is segmented into very high frequency VHF, ultra high frequency UHF band and L Band.
  
•   On the basis of component, the market is segmented into antenna, transmitter, receiver, duplexer, display, and others.
  
•   Based on product type, the global long range radar systems market is segmented into surveillance and airborne early warning, tracking and fire control radar, multi-function radar, synthetic aperture and moving target indicator radar, weapon locating radar and C RAM, and others.
  
•   On the basis of application, the market is segmented into airports, air and missile defense, ground surveillance and intruder detection, airborne mapping, navigation and others.
  

MARKET DYNAMICS

Drivers:

•   Rapid technological advancements in radar technology.
  
•   Growing military expenditure in numerous countries.
  

Restraints:

•   High capital investment may restrain the market growth in few developing countries
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The long range radar systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the long range radar systems market worldwide.

IMPACT OF COVID-19 ON LONG RANGE RADAR SYSTEMS MARKET

With growing military modernization programs, the production of long-range radar systems was growing substantially before the pandemic began. But due to the pandemic of COVID-19, few countries' military spending was reduced during 2021 owing to increased expenses on oxygen cylinders, vaccines, and other healthcare facilities. In 2021, Argentina's military expenditure was US$ 3.13 billion which was reduced to US$ 2.97 billion in 2021. Such decrease in the defense budget impacted the demand for long-range radar systems to some extent. Temporary manufacturing shutdown, limited availability of raw material, restriction of the limited workforce and delay in scheduled deliveries have affected the production process negatively. Owing to all such limitations, production of antennas, transmitters, receivers, and duplexers was affected adversely. With growing vaccination drives, the production process has started coming back to normalcy. Long range radar systems market is predicted to grow notably in coming years.

MARKET PLAYERS

The report covers key developments in the long range radar systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from long range radar systems market are anticipated to lucrative growth opportunities in the future with the rising demand for long range radar systems in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the long range radar systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Airbus
  
•   BAE Systems
  
•   Honeywell International Inc.
  
•   Leonardo S.p.A.
  
•   Lockheed Martin Corporation
  
•   Northrop Grumman Corporation
  
•   Raytheon Technologies Corporation
  
•   Reutech Radar Systems
  
•   Rheinmetall AG
  
•   Thales Group
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Long Range Radar Systems Report Scope