X-Band Radar Industry - Regional Analysis
North America Market Overview
The North America X-band radar market growth is projected to be the highest revenue-generating region with 34.5% of revenue share, registering 7.5% of CAGR between 2024-2037. The market growth can be attributed to the rising military investment in the region. For instance, the North American Aerospace Defense Command Modernization initiative, or NORAD modernization, is a joint effort by both the U.S. and Canada to enhance the capabilities. The program is witnessing a USD 38.2 billion modernization program between 2023-2032, having X band radars playing a crucial role.
In the U.S., according to the U.S. Department of Defense, USD 12.4 billion was infused for the modernization of radar with exemplary X-band systems such as AN/TPY-2. Also, the government is utilizing X-band radar for strengthening the border surveillance and real-time air traffic monitoring. Moreover, NASA is using X-band radar in the Global Precipitation Measurement mission for the mapping of snowfall and rainfall. NASA also stated that the Mars Reconnaissance Orbiter consisted of an X-band SHARAD radar to understand the subsurface ice.
Asia Pacific Market Overview
The Asia Pacific X-band radar market is anticipated to register 27.2% of the revenue share by 2037, garnering a CAGR of 9.2%. The growth of the market can be attributed to the surge in investment in maritime security and various government-led initiatives. For instance, the Acquisition, Technology & Logistics Agency in Japan is developing compact X-band radars for the drones. Also, in 2021, the ASEAN regional security pact conducted a funding of USD 201 million for establishing X-band radars for exhaustive coastal surveillance.
