The naval radars are short-range radars that are used majorly by navy of many countries. They are used for frontline combat to cater to maritime disputes and geopolitical threats; thus, heightening the adoption of powerful radar systems. This has led to deployment and routine upgrades of existing naval fleets and offshore naval vessels; thus, augmenting the demand for naval radars. Radar systems enhance detection capabilities, surveillance resolution, and duration. Major developing economies' governments have been investing significantly in R&D activities to enhance the capabilities of naval vessels.
The "Global Naval Radar Market Analysis to 2028" 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 naval radar market with detailed market segmentation by type, component and geography. The report provides key statistics on the market status of the leading naval radar market players and offers key trends and opportunities in the market.
Based on type, the global naval radar market is segmented into surveillance radar, fire control radar, navigation radar
On the basis of component, the market is segmented antenna, transmitter, receiver
MARKET DYNAMICS Drivers:
Increasing procurement of radar and air defense systems and advancements in radar technologies are expected to drive the market growth during the forecast period.
The requirement of new-generation air and missile defense systems and rise in adoption of lightweight unmanned aerial vehicles (UAV) are expected to offer lucrative opportunities for the market during the forecast period.
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 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The naval 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 porter's five forces analysis highlighting factors affecting the naval radar market in these regions.
IMPACT OF COVID-19 ON NAVAL RADAR MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
Get more information on this report :
The report covers key developments in the naval 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 naval radar market are anticipated to lucrative growth opportunities in the future with the rising demand for naval radar in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the naval 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.
Raytheon Technologies company
IAI - Israel Aerospace Industries
Northrop Grumman Sperry Marine B.V.
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.
Get more information on this report :
The List of Companies
1. Raytheon Technologies company
3. Leonardo S.p.A.
5. IAI - Israel Aerospace Industries
6. Northrop Grumman Sperry Marine B.V.
7. BAE Systems.
10. ASELSAN A.S.