The 3D Radar Market is expected to grow at CAGR of 5.2% during 2020-2025, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the 'pause button' for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on 3D Radar Market
3D Radar market is likely to witness an impressive CAGR of 5.2% during the forecast period. The emergence of modern warfare techniques with the fast-technological progressions has contributed to the substitution of conventional combat systems with advanced combat technologies, such as electronic warfare and network-centric warfare. This, in turn, is expected to nourish the growth of the global 3D radar market.
In terms of regions, the North American region dominated the 3D radar market in 2018, as the region is proximal to various leading manufacturers of different types of 3D radar, which comprise, Northrop Grumman Corporation (US), Rockwell Collins Inc. (US), Airbus Defense and Space (US), etc. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Segmentation
3D Radar Market Share: By Frequency Band Type
Based on the frequency band type, the market is segmented as C/S/X Band, E/F Band, L Band, and others. A frequency band is an interval at which a specific radar transmits a signal. These frequency bands are differentiated by their wavelengths, which range from 0 GHz to 40 GHz. Radio frequency waves are transmitted through antennas into space that are then reflected from the targets.
3D Radar Market Share: By Range Type
Based on the range type, the market is segmented as long range, medium range, and short range. The long-range segment remained dominant in 2018, and it's expected to maintain its dominance during the forecast period as well. A long-range 3D radar has earned popularity in the recent years, due to its increasing applicability in weather monitoring applications as it enables precise prediction of natural disasters, such as floods, earthquakes, cyclones, and hurricanes, this in turn is driving the growth of the segment.
3D Radar Market Share: By Platform Type
Based on the platform type, the market is segmented as airborne, ground, and naval. The ground segment is estimated to register the highest growth during the forecast period while the airborne segment remained dominant in 2018. The manufacturers of various types of airborne 3D radars are exerting to develop specialized airborne 3D radars for Unmanned Aerial Vehicles (UAVs) as their employment in Unmanned Aerial Vehicles (UAVs) allows easy data collection of the fast-changing terrains, such as snow slopes and active volcanoes.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research's reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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