Passive Radar Market Growth, Top Players, and Forecast by 2031

MARKET OVERVIEW

Passive radar is distinct from traditional forms of the radar in that it does not emit any electromagnetic radiation. Instead, it depends on reflections from other electromagnetic signals in the atmosphere in order to provide a radar picture. Passive radar offers several distinct advantages that will allow it to corner a significant portion of defense, civilian radar, and homeland security markets. In addition to cost-efficiency, passive radar coverts, a valid counter to stealth technologies, and is environment - friendly.

MARKET SCOPE

The "Global Passive Radar Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the passive radar market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading passive radar market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of type, the market is segmented as passive bi-static radar (PBR), passive multi-static radars, and others.
  
•   On the basis of application, the market is segmented as civilian aviation, military, and others.
  

MARKET DYNAMICS

Drivers:

•   Rising demand in defense and homeland security systems
  
•   Passive radars are cost efficient and environment friendly
  

Restraints

•   Only a few companies have developed effective marketable systems.
  

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), the Middle East and Africa (MEA), and South America. The passive radar market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 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 marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the passive radar market in these regions.

IMPACT OF COVID-19 ON PASSIVE RADAR MARKET

The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The disruption in supply chain is expected to leave an impact on the defense industry through till mid-2021. With the rising concern of health of the general public, governments across nations are focused on investments on healthcare and related industries and there has been a shift of budget allocation from defense to healthcare. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense related products such as passive radar systems will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.

MARKET PLAYERS

The report covers key developments in the passive radar 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from passive radar market are anticipated to lucrative growth opportunities in the future with the rising demand for passive radar in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the passive radar 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.

•   Advanced Electronics Company (AEC)
  
•   BAE Systems
  
•   ERA A.S.
  
•   HENSOLDT A.G.
  
•   Indra Systemas
  
•   Leonardo S.p.A.
  
•   RAMET A.S.
  
•   Raytheon Technologies
  
•   SRC, Inc
  
•   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.

Passive Radar Report Scope