Shift from conventional 2D radar systems to 3D radar systems for enhanced positioning & height parameters are flourishing the growth for integrated 3D radar market.
Integrated 3D Radar Market is an estimated CAGR of 12.7% during the projected period, the?integrated 3D radar market share?is expected to reach US$ 55 billion by 2032, finds a recent report published by FMI. The study finds that the rising demand for reflects the?adoption of integrated 3D radar.
Sales of integrated 3D radar?are expected to rise significantly. In addition to this,?sales of integrated 3D radar?are rising on account of US$ 27.9 Bn by 2026. Increasing?sales of integrated 3D radar?are also projected to contribute to the growth of the?integrated 3D radar market share.
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Integrated 3D radar technology?is used to monitor and detect views and information, and they are an important element of any defence arsenal. Even under adverse weather situations,?integrated 3D radars?give more precise location and height parameters and are progressively replacing standard 2D radars.
The market for Unmanned Aircraft Vehicles (UAVs) has grown in tandem with the?sales of integrated 3D radar. The emergence of network-centric warfare and electronic warfare techniques by defence organisations as a result of the growing need for intelligence, surveillance, and other capabilities, as well as geopolitical instabilities in the Middle East, is expected to boost the global?integrated 3D radar market.
Manufacturers in the?integrated 3D radar market?get a big platform from which to serve the whole?demand for integrated 3D radar. The worldwide?sales of integrated 3D radar?are seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the?demand for integrated 3D radar?more accessible to customers.
Key Takeaways:
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Competitive Landscape
Northrop Grumman Corporation, Indra Sistemas, Raytheon Company, Thales Group, BAE Systems PLC, Airbus Defence and Space, Honeywell International Inc., SAAB Group, ASELSAN AS, Rheinmetall AG, ELTA Systems Ltd., and others are among the prominent competitors participating in the?integrated 3D radar Market.
Key Segments:
By Component
By Frequency Band
By Industry
By Platform
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Jun 19, 2022