Press release
Commercial Radars Market 2024 - Business Revenue, Trends, Top Key Players, Future Opportunities, Industry Share And Forecast To 2033
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Commercial Radars Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $7.63 billion In 2028 At A CAGR Of 5.7% :
The commercial radars market size has grown strongly in recent years. It will grow from $5.81 billion in 2023 to $6.11 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to military and defense applications, aviation and air traffic control, maritime and ship navigation, weather forecasting, security and surveillance.
The commercial radars market size is expected to see strong growth in the next few years. It will grow to $7.63 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to autonomous vehicles, 5g network expansion, environmental monitoring, space debris tracking, drone and uav traffic management. Major trends in the forecast period include phased array radars, radar fusion, compact and solid-state radars, ai and machine learning integration, radar as a service (raas).
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=3698&type=smp
Commercial Radars Market Major Segments
The commercial radars market covered in this report is segmented -
1) By Type: Commercial Aircraft Radars, Commercial Helicopters Radars, Business Jets Radars, Uav Radars
2) By Technology: Quantum Radar, Conventional Radar, Software Defined Radar (Sdr)
3) By Dimension: 2D, 3D, 4D
4) By Application: Surveillance Radars, Surface Movement Radars, Precision Approach Radars, Weather Radars, Others
Key Driver - Increasing Drone Detection System Demand Boosts Commercial Radars
Increasing demand for drone detection systems (DDS) at airports is expected to drive the growth of the commercial radars market. Drones are dangerous for aircraft as they pose hazardous risks such as physical collision and radio frequency interference, which could lead to losing control over the plane, resulting in a crash. The cancellations, diversions, and delays of flights due to drones near airports pose a huge financial impact. In June 2022, Air Services Australia, an Australia-based government-owned organization, selected Thales as its primary system integrator for an Integrated Drone Surveillance System (IDSS) trial at Sydney Kingsford Smith Airport. ASEAN international airports are also utilising drone detection systems. Thus, the ever-increasing risks posed by drones to the aviation industry are increasing the demand for drone detection systems, which is expected to boost the growth of the commercial radars market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=3698&type=smp
Prominent Trend - Technological Advancements And Innovations In Commercial Radars
Technological advancements and innovations in surface movement and air surveillance radars are major opportunities for the commercial radars market in the aerospace sector. Improved safety is provided by surface movement radars as they monitor the movement of aircraft and vehicles and provide advice and assistance for the safe and efficient movement of aircraft and vehicles in the manoeuvring area. In November 2021, Thales, a France-based developer, manufacturer, and distributor of electronic equipment and systems, launched the long-range 3D surveillance radar Ground Master 400 Alpha. The three-dimensional (3D) long-range air surveillance radar has a range extension of up to 515 km and advanced artificial intelligence (AI) capabilities. It also has five times more processing power. Built on the field expertise of the GM400, GaN technology, and other surveillance capabilities, the new GM400 Alpha radars enable operators to identify all short-range and long-range threats at all times. Thus, technological advancements and innovations in surface movement and air surveillance radars that keep track of vehicular traffic and human movement are major opportunities for the commercial radars market.
Commercial Radars Market Players
Major companies operating in the commercial radars market include Terma A/S, Hensoldt Inc., Detect Inc., Raytheon Technologies Corporation, NEC Corporation, Thales Group, Indra Sistemas SA, Easat Radar Systems Limited, Leonardo SpA, Honeywell International Inc, GEM electronica, Blighter Surveillance Systems Ltd., Teledyne FLIR LLC, Airbus Defense and Space Inc., BAE Systems PLC., General Dynamics Corporation, NXP Semiconductors N.V., Endress + Hauser (India) Pvt Ltd., Satellink Inc., DeepSea Developments, Geobrugg North America, SAE Manufacturing Specialties Corp, Pilz Automation Safety L.P., Lockheed Martin Corporation, Saab AB, Northrop Grumman Corporation, Collins Aerospace, L3Harris Technologies Inc., Mitsubishi Electric Corporation, Israel Aerospace Industries Ltd., ASELSAN A.S., ELTA Systems Ltd., RADA Electronic Industries Ltd., SRC Inc., Telephonics Corporation, Selex ES Inc., Kelvin Hughes Limited, Furuno Electric Co. Ltd., Kongsberg Gruppen ASA, Thales Nederland B.V., Cobham plc, Navico Inc., Scandinavian Micro Systems Inc., Russell Technologies Inc., Rockwell Collins Inc., Harris Corporation
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/commercial-radars-global-market-report
Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the commercial radars market in 2023. Asia-Pacific is expected to be the fastest-growing region in the commercial radars market during the forecast period. The regions covered in the commercial radars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Commercial Radars Market Report Structure
3. Commercial Radars Market Trends And Strategies
4. Commercial Radars Market - Macro Economic Scenario
5. Commercial Radars Market Size And Growth
…..
27. Commercial Radars Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Commercial Radars Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $7.63 billion In 2028 At A CAGR Of 5.7% :
The commercial radars market size has grown strongly in recent years. It will grow from $5.81 billion in 2023 to $6.11 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to military and defense applications, aviation and air traffic control, maritime and ship navigation, weather forecasting, security and surveillance.
The commercial radars market size is expected to see strong growth in the next few years. It will grow to $7.63 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to autonomous vehicles, 5g network expansion, environmental monitoring, space debris tracking, drone and uav traffic management. Major trends in the forecast period include phased array radars, radar fusion, compact and solid-state radars, ai and machine learning integration, radar as a service (raas).
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=3698&type=smp
Commercial Radars Market Major Segments
The commercial radars market covered in this report is segmented -
1) By Type: Commercial Aircraft Radars, Commercial Helicopters Radars, Business Jets Radars, Uav Radars
2) By Technology: Quantum Radar, Conventional Radar, Software Defined Radar (Sdr)
3) By Dimension: 2D, 3D, 4D
4) By Application: Surveillance Radars, Surface Movement Radars, Precision Approach Radars, Weather Radars, Others
Key Driver - Increasing Drone Detection System Demand Boosts Commercial Radars
Increasing demand for drone detection systems (DDS) at airports is expected to drive the growth of the commercial radars market. Drones are dangerous for aircraft as they pose hazardous risks such as physical collision and radio frequency interference, which could lead to losing control over the plane, resulting in a crash. The cancellations, diversions, and delays of flights due to drones near airports pose a huge financial impact. In June 2022, Air Services Australia, an Australia-based government-owned organization, selected Thales as its primary system integrator for an Integrated Drone Surveillance System (IDSS) trial at Sydney Kingsford Smith Airport. ASEAN international airports are also utilising drone detection systems. Thus, the ever-increasing risks posed by drones to the aviation industry are increasing the demand for drone detection systems, which is expected to boost the growth of the commercial radars market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=3698&type=smp
Prominent Trend - Technological Advancements And Innovations In Commercial Radars
Technological advancements and innovations in surface movement and air surveillance radars are major opportunities for the commercial radars market in the aerospace sector. Improved safety is provided by surface movement radars as they monitor the movement of aircraft and vehicles and provide advice and assistance for the safe and efficient movement of aircraft and vehicles in the manoeuvring area. In November 2021, Thales, a France-based developer, manufacturer, and distributor of electronic equipment and systems, launched the long-range 3D surveillance radar Ground Master 400 Alpha. The three-dimensional (3D) long-range air surveillance radar has a range extension of up to 515 km and advanced artificial intelligence (AI) capabilities. It also has five times more processing power. Built on the field expertise of the GM400, GaN technology, and other surveillance capabilities, the new GM400 Alpha radars enable operators to identify all short-range and long-range threats at all times. Thus, technological advancements and innovations in surface movement and air surveillance radars that keep track of vehicular traffic and human movement are major opportunities for the commercial radars market.
Commercial Radars Market Players
Major companies operating in the commercial radars market include Terma A/S, Hensoldt Inc., Detect Inc., Raytheon Technologies Corporation, NEC Corporation, Thales Group, Indra Sistemas SA, Easat Radar Systems Limited, Leonardo SpA, Honeywell International Inc, GEM electronica, Blighter Surveillance Systems Ltd., Teledyne FLIR LLC, Airbus Defense and Space Inc., BAE Systems PLC., General Dynamics Corporation, NXP Semiconductors N.V., Endress + Hauser (India) Pvt Ltd., Satellink Inc., DeepSea Developments, Geobrugg North America, SAE Manufacturing Specialties Corp, Pilz Automation Safety L.P., Lockheed Martin Corporation, Saab AB, Northrop Grumman Corporation, Collins Aerospace, L3Harris Technologies Inc., Mitsubishi Electric Corporation, Israel Aerospace Industries Ltd., ASELSAN A.S., ELTA Systems Ltd., RADA Electronic Industries Ltd., SRC Inc., Telephonics Corporation, Selex ES Inc., Kelvin Hughes Limited, Furuno Electric Co. Ltd., Kongsberg Gruppen ASA, Thales Nederland B.V., Cobham plc, Navico Inc., Scandinavian Micro Systems Inc., Russell Technologies Inc., Rockwell Collins Inc., Harris Corporation
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/commercial-radars-global-market-report
Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the commercial radars market in 2023. Asia-Pacific is expected to be the fastest-growing region in the commercial radars market during the forecast period. The regions covered in the commercial radars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Commercial Radars Market Report Structure
3. Commercial Radars Market Trends And Strategies
4. Commercial Radars Market - Macro Economic Scenario
5. Commercial Radars Market Size And Growth
…..
27. Commercial Radars Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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