Ground based air radar system Market - Size and Forecast [2025-2031]
The Ground based air radar system Market is expected to register a CAGR of 8.1% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Active, Passive); Range (Long Range, Medium Range); Configuration (Fixed, Mobile); Application (Border Surveillance, Coast Surveillance, Battlefield Surveillance). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Ground based air radar system Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Ground based air radar system Market Segmentation
Type- Active
- Passive
- Long Range
- Medium Range
- Fixed
- Mobile
- Border Surveillance
- Coast Surveillance
- Battlefield Surveillance
Strategic Insights
Ground based air radar system Market Growth Drivers- Increasing Air Traffic Across the Globe: The rapid growth in global air traffic is a primary driver for the ground-based air radar system market. As commercial and cargo flights continue to increase, air traffic control (ATC) systems require advanced radar solutions to ensure safe and efficient aircraft operation. The need for precise tracking and monitoring of aircraft positions is critical in preventing collisions and managing airspace congestion. Moreover, the expansion of airports and the development of new flight routes further necessitate the deployment of advanced ground-based radar systems. This growing demand for safety and efficiency in air traffic management significantly fuels the market for ground-based air radar systems.
- Technological Advancements in Ground Based Air Radar Systems: Continuous advancements in radar technology, including the development of solid-state and digital radar systems, are driving the ground-based air radar system market. These innovations enhance radar performance, providing higher resolution, improved target detection, and reduced maintenance costs. Technologies such as phased array radar and automatic detection systems enable more accurate tracking of multiple aircraft, even in adverse weather conditions. The integration of advanced signal processing algorithms also enhances the capabilities of ground-based radar systems. As aviation technology evolves, the demand for modern radar solutions that can meet the new operational challenges is increasing, thereby propelling market growth.
- Regulatory Compliance and Safety Standards Related to Radar System: Stricter regulatory compliance and safety standards set by aviation authorities worldwide significantly impact the ground-based air radar system market. Organizations such as the International Civil Aviation Organization (ICAO) and the Federal Aviation Administration (FAA) impose regulations that require effective surveillance capabilities to maintain safe airspace operations. As these regulations evolve, operators and airports must invest in modern radar systems to ensure compliance and enhance safety. The ongoing focus on improving air traffic management and operational efficiency further drives the demand for reliable and advanced ground-based air radar systems, making regulatory compliance a vital market driver.
- Shift Towards Multi-Function Radar Systems: There is a noticeable trend towards the development and adoption of multi-function radar systems in the ground-based air radar market. These systems combine various functionalities, such as weather monitoring, air traffic control, and surveillance, into a single platform. By integrating multiple capabilities, operators can streamline their operations, reduce costs, and enhance overall efficiency. Multi-function radar systems also improve situational awareness for air traffic controllers, allowing for better decision-making in managing air traffic. As stakeholders seek to optimize their radar solutions, the trend towards multifunctionality is shaping the design and deployment of ground-based air radar systems.
- Focus on Sustainability and Energy Efficiency in the Manufacturing of Air Radar System: The increasing emphasis on sustainability and energy efficiency is influencing the ground-based air radar system market. Manufacturers are developing radar systems that consume less power and utilize eco-friendly materials, aligning with global efforts to reduce the aviation industry's environmental impact. Innovations in energy-efficient technologies, such as low-power radar systems and renewable energy solutions for radar installations, are gaining traction. This focus on sustainability not only meets regulatory requirements but also resonates with stakeholders who prioritize environmental responsibility. Consequently, companies that invest in developing green radar technologies will find themselves well-positioned in a market that increasingly values sustainability.
- Integration of Advanced Technologies in Ground Based Air Radar Systems: The opportunity to integrate advanced technologies such as artificial intelligence (AI) and machine learning into ground-based air radar systems presents significant growth potential. By employing AI algorithms, radar systems can enhance target detection, identify patterns, and predict potential conflicts in real-time. This capability can lead to improved situational awareness for air traffic controllers, enhancing overall safety and efficiency. Furthermore, the incorporation of automation into radar operations can reduce human error and operational costs. Companies that develop and implement AI-driven radar solutions stand to gain a competitive edge in the market, tapping into the growing demand for intelligent air traffic management systems.
- Growing Demand for Air Radar Systems from Emerging Markets and Infrastructure Development: The increasing investment in aviation infrastructure in emerging markets offers substantial opportunities for the ground-based air radar system market. Countries in Asia-Pacific, the Middle East, and Africa are expanding their airport facilities and air traffic control capabilities to accommodate rising air travel demand. As these regions seek to improve their air traffic management systems, there is a growing need for reliable ground-based radar solutions. Companies that can provide cost-effective and efficient radar systems tailored to the specific needs of these emerging markets will find lucrative opportunities for growth. This trend positions the ground-based air radar system market for expansion in previously underserved regions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Ground based air radar system Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Ground based air radar system Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Ground based air radar system Market include Blighter Surveillance Systems Ltd, Hensoldt Ag, Israel Aerospace Industries, L3Harris Technologies, Inc., Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Saab AB, Terma AS
Market Trend Shift Towards Automation and Focus on Cyber Security is the key future trend of the Ground based air radar system Market
The Ground based air radar system Market is estimated to witness a CAGR of 8.1% from 2023 to 2031
The major factors driving the Ground based air radar system Market are: Increased Defense Spending and Advancements in Technology
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ground Based Air Radar System Market - By Type
1.3.2 Ground Based Air Radar System Market - By Range
1.3.3 Ground Based Air Radar System Market - By Configuration
1.3.4 Ground Based Air Radar System Market - By Application
1.3.5 Ground Based Air Radar System Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GROUND BASED AIR RADAR SYSTEM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. GROUND BASED AIR RADAR SYSTEM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. GROUND BASED AIR RADAR SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. GROUND BASED AIR RADAR SYSTEM - GLOBAL MARKET OVERVIEW
6.2. GROUND BASED AIR RADAR SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GROUND BASED AIR RADAR SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ACTIVE, PASSIVE
7.3.1. Overview
7.3.2. Active, Passive Market Forecast and Analysis
8. GROUND BASED AIR RADAR SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - RANGE
8.1. OVERVIEW
8.2. RANGE MARKET FORECASTS AND ANALYSIS
8.3. LONG RANGE, MEDIUM RANGE
8.3.1. Overview
8.3.2. Long Range, Medium Range Market Forecast and Analysis
9. GROUND BASED AIR RADAR SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - CONFIGURATION
9.1. OVERVIEW
9.2. CONFIGURATION MARKET FORECASTS AND ANALYSIS
9.3. FIXED, MOBILE
9.3.1. Overview
9.3.2. Fixed, Mobile Market Forecast and Analysis
10. GROUND BASED AIR RADAR SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. BORDER SURVEILLANCE, COAST SURVEILLANCE, BATTLEFIELD SURVEILLANCE
10.3.1. Overview
10.3.2. Border Surveillance, Coast Surveillance, Battlefield Surveillance Market Forecast and Analysis
11. GROUND BASED AIR RADAR SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Ground Based Air Radar System Market Overview
11.1.2 North America Ground Based Air Radar System Market Forecasts and Analysis
11.1.3 North America Ground Based Air Radar System Market Forecasts and Analysis - By Type
11.1.4 North America Ground Based Air Radar System Market Forecasts and Analysis - By Range
11.1.5 North America Ground Based Air Radar System Market Forecasts and Analysis - By Configuration
11.1.6 North America Ground Based Air Radar System Market Forecasts and Analysis - By Application
11.1.7 North America Ground Based Air Radar System Market Forecasts and Analysis - By Countries
11.1.7.1 United States Ground Based Air Radar System Market
11.1.7.1.1 United States Ground Based Air Radar System Market by Type
11.1.7.1.2 United States Ground Based Air Radar System Market by Range
11.1.7.1.3 United States Ground Based Air Radar System Market by Configuration
11.1.7.1.4 United States Ground Based Air Radar System Market by Application
11.1.7.2 Canada Ground Based Air Radar System Market
11.1.7.2.1 Canada Ground Based Air Radar System Market by Type
11.1.7.2.2 Canada Ground Based Air Radar System Market by Range
11.1.7.2.3 Canada Ground Based Air Radar System Market by Configuration
11.1.7.2.4 Canada Ground Based Air Radar System Market by Application
11.1.7.3 Mexico Ground Based Air Radar System Market
11.1.7.3.1 Mexico Ground Based Air Radar System Market by Type
11.1.7.3.2 Mexico Ground Based Air Radar System Market by Range
11.1.7.3.3 Mexico Ground Based Air Radar System Market by Configuration
11.1.7.3.4 Mexico Ground Based Air Radar System Market by Application
11.1.7.4 US Ground Based Air Radar System Market
11.1.7.4.1 US Ground Based Air Radar System Market by Type
11.1.7.4.2 US Ground Based Air Radar System Market by Range
11.1.7.4.3 US Ground Based Air Radar System Market by Configuration
11.1.7.4.4 US Ground Based Air Radar System Market by Application
11.2. EUROPE
11.2.1 Europe Ground Based Air Radar System Market Overview
11.2.2 Europe Ground Based Air Radar System Market Forecasts and Analysis
11.2.3 Europe Ground Based Air Radar System Market Forecasts and Analysis - By Type
11.2.4 Europe Ground Based Air Radar System Market Forecasts and Analysis - By Range
11.2.5 Europe Ground Based Air Radar System Market Forecasts and Analysis - By Configuration
11.2.6 Europe Ground Based Air Radar System Market Forecasts and Analysis - By Application
11.2.7 Europe Ground Based Air Radar System Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Ground Based Air Radar System Market
11.2.7.1.1 Germany Ground Based Air Radar System Market by Type
11.2.7.1.2 Germany Ground Based Air Radar System Market by Range
11.2.7.1.3 Germany Ground Based Air Radar System Market by Configuration
11.2.7.1.4 Germany Ground Based Air Radar System Market by Application
11.2.7.2 France Ground Based Air Radar System Market
11.2.7.2.1 France Ground Based Air Radar System Market by Type
11.2.7.2.2 France Ground Based Air Radar System Market by Range
11.2.7.2.3 France Ground Based Air Radar System Market by Configuration
11.2.7.2.4 France Ground Based Air Radar System Market by Application
11.2.7.3 Italy Ground Based Air Radar System Market
11.2.7.3.1 Italy Ground Based Air Radar System Market by Type
11.2.7.3.2 Italy Ground Based Air Radar System Market by Range
11.2.7.3.3 Italy Ground Based Air Radar System Market by Configuration
11.2.7.3.4 Italy Ground Based Air Radar System Market by Application
11.2.7.4 Spain Ground Based Air Radar System Market
11.2.7.4.1 Spain Ground Based Air Radar System Market by Type
11.2.7.4.2 Spain Ground Based Air Radar System Market by Range
11.2.7.4.3 Spain Ground Based Air Radar System Market by Configuration
11.2.7.4.4 Spain Ground Based Air Radar System Market by Application
11.2.7.5 United Kingdom Ground Based Air Radar System Market
11.2.7.5.1 United Kingdom Ground Based Air Radar System Market by Type
11.2.7.5.2 United Kingdom Ground Based Air Radar System Market by Range
11.2.7.5.3 United Kingdom Ground Based Air Radar System Market by Configuration
11.2.7.5.4 United Kingdom Ground Based Air Radar System Market by Application
11.2.7.6 Rest of Europe Ground Based Air Radar System Market
11.2.7.6.1 Rest of Europe Ground Based Air Radar System Market by Type
11.2.7.6.2 Rest of Europe Ground Based Air Radar System Market by Range
11.2.7.6.3 Rest of Europe Ground Based Air Radar System Market by Configuration
11.2.7.6.4 Rest of Europe Ground Based Air Radar System Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Ground Based Air Radar System Market Overview
11.3.2 Asia-Pacific Ground Based Air Radar System Market Forecasts and Analysis
11.3.3 Asia-Pacific Ground Based Air Radar System Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Ground Based Air Radar System Market Forecasts and Analysis - By Range
11.3.5 Asia-Pacific Ground Based Air Radar System Market Forecasts and Analysis - By Configuration
11.3.6 Asia-Pacific Ground Based Air Radar System Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Ground Based Air Radar System Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Ground Based Air Radar System Market
11.3.7.1.1 Australia Ground Based Air Radar System Market by Type
11.3.7.1.2 Australia Ground Based Air Radar System Market by Range
11.3.7.1.3 Australia Ground Based Air Radar System Market by Configuration
11.3.7.1.4 Australia Ground Based Air Radar System Market by Application
11.3.7.2 China Ground Based Air Radar System Market
11.3.7.2.1 China Ground Based Air Radar System Market by Type
11.3.7.2.2 China Ground Based Air Radar System Market by Range
11.3.7.2.3 China Ground Based Air Radar System Market by Configuration
11.3.7.2.4 China Ground Based Air Radar System Market by Application
11.3.7.3 India Ground Based Air Radar System Market
11.3.7.3.1 India Ground Based Air Radar System Market by Type
11.3.7.3.2 India Ground Based Air Radar System Market by Range
11.3.7.3.3 India Ground Based Air Radar System Market by Configuration
11.3.7.3.4 India Ground Based Air Radar System Market by Application
11.3.7.4 Japan Ground Based Air Radar System Market
11.3.7.4.1 Japan Ground Based Air Radar System Market by Type
11.3.7.4.2 Japan Ground Based Air Radar System Market by Range
11.3.7.4.3 Japan Ground Based Air Radar System Market by Configuration
11.3.7.4.4 Japan Ground Based Air Radar System Market by Application
11.3.7.5 South Korea Ground Based Air Radar System Market
11.3.7.5.1 South Korea Ground Based Air Radar System Market by Type
11.3.7.5.2 South Korea Ground Based Air Radar System Market by Range
11.3.7.5.3 South Korea Ground Based Air Radar System Market by Configuration
11.3.7.5.4 South Korea Ground Based Air Radar System Market by Application
11.3.7.6 Rest of SouthEast Asia Ground Based Air Radar System Market
11.3.7.6.1 Rest of SouthEast Asia Ground Based Air Radar System Market by Type
11.3.7.6.2 Rest of SouthEast Asia Ground Based Air Radar System Market by Range
11.3.7.6.3 Rest of SouthEast Asia Ground Based Air Radar System Market by Configuration
11.3.7.6.4 Rest of SouthEast Asia Ground Based Air Radar System Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Ground Based Air Radar System Market Overview
11.4.2 Middle East and Africa Ground Based Air Radar System Market Forecasts and Analysis
11.4.3 Middle East and Africa Ground Based Air Radar System Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Ground Based Air Radar System Market Forecasts and Analysis - By Range
11.4.5 Middle East and Africa Ground Based Air Radar System Market Forecasts and Analysis - By Configuration
11.4.6 Middle East and Africa Ground Based Air Radar System Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Ground Based Air Radar System Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Ground Based Air Radar System Market
11.4.7.1.1 South Africa Ground Based Air Radar System Market by Type
11.4.7.1.2 South Africa Ground Based Air Radar System Market by Range
11.4.7.1.3 South Africa Ground Based Air Radar System Market by Configuration
11.4.7.1.4 South Africa Ground Based Air Radar System Market by Application
11.4.7.2 Saudi Arabia Ground Based Air Radar System Market
11.4.7.2.1 Saudi Arabia Ground Based Air Radar System Market by Type
11.4.7.2.2 Saudi Arabia Ground Based Air Radar System Market by Range
11.4.7.2.3 Saudi Arabia Ground Based Air Radar System Market by Configuration
11.4.7.2.4 Saudi Arabia Ground Based Air Radar System Market by Application
11.4.7.3 U.A.E Ground Based Air Radar System Market
11.4.7.3.1 U.A.E Ground Based Air Radar System Market by Type
11.4.7.3.2 U.A.E Ground Based Air Radar System Market by Range
11.4.7.3.3 U.A.E Ground Based Air Radar System Market by Configuration
11.4.7.3.4 U.A.E Ground Based Air Radar System Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Ground Based Air Radar System Market Overview
11.5.2 South and Central America Ground Based Air Radar System Market Forecasts and Analysis
11.5.3 South and Central America Ground Based Air Radar System Market Forecasts and Analysis - By Type
11.5.4 South and Central America Ground Based Air Radar System Market Forecasts and Analysis - By Range
11.5.5 South and Central America Ground Based Air Radar System Market Forecasts and Analysis - By Configuration
11.5.6 South and Central America Ground Based Air Radar System Market Forecasts and Analysis - By Application
11.5.7 South and Central America Ground Based Air Radar System Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Ground Based Air Radar System Market
11.5.7.1.1 Brazil Ground Based Air Radar System Market by Type
11.5.7.1.2 Brazil Ground Based Air Radar System Market by Range
11.5.7.1.3 Brazil Ground Based Air Radar System Market by Configuration
11.5.7.1.4 Brazil Ground Based Air Radar System Market by Application
11.5.7.2 Argentina Ground Based Air Radar System Market
11.5.7.2.1 Argentina Ground Based Air Radar System Market by Type
11.5.7.2.2 Argentina Ground Based Air Radar System Market by Range
11.5.7.2.3 Argentina Ground Based Air Radar System Market by Configuration
11.5.7.2.4 Argentina Ground Based Air Radar System Market by Application
11.5.7.3 Chile Ground Based Air Radar System Market
11.5.7.3.1 Chile Ground Based Air Radar System Market by Type
11.5.7.3.2 Chile Ground Based Air Radar System Market by Range
11.5.7.3.3 Chile Ground Based Air Radar System Market by Configuration
11.5.7.3.4 Chile Ground Based Air Radar System Market by Application
11.5.7.4 Rest of South and Central America Ground Based Air Radar System Market
11.5.7.4.1 Rest of South and Central America Ground Based Air Radar System Market by Type
11.5.7.4.2 Rest of South and Central America Ground Based Air Radar System Market by Range
11.5.7.4.3 Rest of South and Central America Ground Based Air Radar System Market by Configuration
11.5.7.4.4 Rest of South and Central America Ground Based Air Radar System Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. GROUND BASED AIR RADAR SYSTEM MARKET, KEY COMPANY PROFILES
13.1. BLIGHTER SURVEILLANCE SYSTEMS LTD
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. HENSOLDT AG
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ISRAEL AEROSPACE INDUSTRIES
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. L3HARRIS TECHNOLOGIES, INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. LOCKHEED MARTIN CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MBDA
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. NORTHROP GRUMMAN
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SAAB AB
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. TERMA AS
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WEIBEL SCIENTIFIC A/S
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1.Blighter Surveillance Systems Ltd
2.Hensoldt Ag
3.Israel Aerospace Industries
4.L3Harris Technologies, Inc.
5.Lockheed Martin Corporation
6.MBDA
7.Northrop Grumman
8.Saab AB
9.Terma AS
10.Weibel Scientific A/S
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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