Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
X band radar technology is basically used for air traffic control at airport, wide range surveillance, and lots of defense applications. There are two types of X band radar systems used for different purposes. First is mobile X band radar (9.375 GHz, 3cm), the radar has a variety of applications like information related to tropical cyclones, cloud microphysics, hydrology and urban rainfall. Mobile X band radar is generally deployed at coastal areas. Second is sea based X band radar; radar is mounted on a floating tower attached in the sea. The radar is designed to operate in high winds and high tides and basically used for military and defense purposes. A continuous watch required by the border security forces, increased terror activities in Europe, Africa & Middle East have forced the defense, government and commercial segment to adopt and install X band radar. Due to the growing need of advance security and surveillance system, governments across the world now need complete security and surveillance in order to safeguard people in their country from upcoming threats. The vendors of aerospace and defense equipment are also aiming at developing advance security and surveillance systems technology that can detect threat from long distance.
X-band radar market is expected to project a significant compound annual growth rate of 3.49% between 2015 and 2020. The market is estimated to be valued at $4.32 billion by the end of 2015 and is expected to uplift further in near future. The development and launch of several new satellites through different programs are expected to have a positive impact on market growth during the forecast period. Further, Americas is projected to account for the largest market share during the forecast period by expanding at CAGR of >4% by 2021. X-band radar market is further expected to receive positive movement with the increased global seaborne trade; expected to reach 24 billion tons. CLICK TO DOWNLOAD SAMPLE REPORT
There are two types of X band radar market used for different purposes.
On the basis of application, the global X band radar market can be categorized into following segments
Geographically, the global X band radar market can be segmented in to following regions:
A continuous up-surged trading through waterways to allow the implementation of X-band radars in ships and harbors in near future. Further, launch of new military communication satellite, growing demand of defense securities and shortage of vendors are the main growth drivers of global X band radar market. However, factors like strict government regulations, congestion faced in X-band frequency due to spiked usage in commercial sector and restraints from government agencies to allocate this frequency range for commercial purposes to dampen the market growth in near future.
Following are the leading players providing X band radar across the globe:-
Overview of the Parent Market
Analyst View
Market Size and Growth
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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