Electronics & Smart Devices

X-Band Radar Market Segmentation by Type (Mobile and Sea X-Band Radar); by End-Use (Defense, Government, and Civil); and by Application (Satellite Communication, Wireless Computer, Weather Detection, and Others) – Global Demand Analysis & Opportunity Outlook 2029

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Report ID: 145 | Published On: Apr 04, 2022

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.


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Global X-Band Radar Market Highlights over 2020-2029

The global X-Band radar market is estimated to garner noteworthy CAGR over the forecast period, i.e., 2021–2029. The growth of the market can be attributed to the growing defense sector globally backed by growing security concerns among various nations in the world. Moreover, varied application of X-Band radars, including, weather forecast, airspace monitoring, air traffic management, naval security, and others, are estimated to significantly boost the market growth.

X-Band Radar Market Graph

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The market is segmented by type into mobile and sea X-Band radar, out of which, the mobile segment is anticipated to hold the largest share in the market during the forecast period on account of application of mobile X-Band radar in border security, coastline security and commercial activities. On the basis of end-use, the market is segmented into defense, government, and civil, out of which, the defense segment is estimated to experience largest share over the forecast period, owing to the rising security concerns amidst rising terror activities. 


Global X-Band Radar Market Regional Synopsis

Regionally, the global X-Band radar market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in North America region is estimated to garner the largest share over the forecast period on the back of strong defense sector backed by high government funding in the defense industry in countries, such as, the U.S. Moreover, increasing investment in technological R&D activities, along with air traffic control, is estimated to boost the market growth in the region. The market in Asia Pacific is anticipated to witness the highest growth during the forecast period owing to the increasing international trade over the huge coastline, along with the rising need to combat terror activities. The market in Middle East and Africa is also projected to experience significant growth over the forecast period owing to the growing terrorism in the region.

X-Band Radar Market Share Graph

The global X-Band radar market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Market Segmentation

Our in-depth analysis of the global X-Band radar market includes the following segments:

By Type

  • Mobile X-Band Radar
  • Sea X-Band Radar

By End-Use

  • Defense
  • Government
  • Civil

By Application

  • Satellite Communication
  • Wireless Computer
  • Weather Detection
  • Others


X-Band Radar Market Graph
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Growth Drivers

  • Growing Demand for Radars in Defense Sector
  • Increasing International Trade through Waterways
  • Constant Technological Advancements in Micro and Radio Waves

Challenges

  • Restraints by Government on Commercial Use


X-Band Radar Market Share Graph
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Top Featured Companies Dominating the Market

    • Japan Radio Co.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Hensoldt AG
    • Terma A/S
    • Israel Aerospace Industries Ltd.
    • Northrop Grumman Corporation
    • Raytheon Technologies Corporation
    • Reutech Pty (Ltd)
    • Saab AB
    • Furuno Electric CO., LTD.
    • Prosensing Inc.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the X band radar market?

Ans: Growing demand for X-Band radars amongst the defense sector to strengthen border security is the major factor driving the market growth.

2) What would be the CAGR of X band radar market over the forecast period?

Ans: The market is anticipated to attain a noteworthy CAGR over the forecast period, i.e., 2021-2029.

3) What are the challenges affecting the X band radar market growth?

Ans: Government regulations on commercial use of X-Band frequency is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of X band radar market in future?

Ans: The North America region will provide most growth opportunities for the market, on the back of high government funding in the defense sector in the region.

5) Who are the major players dominating the X band radar market?

Ans: The major players in the market are Terma A/S, Israel Aerospace Industries Ltd., Northrop Grumman Corporation, Raytheon Technologies Corporation, Reutech Pty (Ltd), Saab AB, Furuno Electric CO., LTD. and Prosensing Inc.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the global X-Band radar market?

Ans: The market is segmented by type, end-use, application, and by region.

8) Which sub-segment captures the largest market size in end-use segment in the global X-Band radar market?

Ans: The defense segment is anticipated to hold largest market size over the forecast period owing to the growing threats to public security in the form of terrorism.

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