Increasing demand for surveillance and weapon guidance application is the major driver which helps in surging the growth of marine radar market whereas fluctuation in raw material prices act as a restraining factor for this market. It is expected that radar technology would be capable of performing electronic attack which will add new opportunities for this market in the forecast period.
The report aims to provide an overview of global marine radar market with detailed market segmentation by type, application and geography. The global marine radar market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
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The key players influencing the market are Furuno Electric Co., Ltd., Lockheed Martin Corporation, Saab AB, Kelvin Hughes Limited, BAE Systems, West Marine, Northrop Grumman Corporation, Raytheon Company., Terma A/S and Raymarine.
The Marine Radar market size is derived primarily form the supply side (i.e. the market players operating in global Marine Radar market) and therefore, revenue of all the prominent leading companies operating across the value chain are taken into consideration across regional, global and country level. Historical and current market information is collected from technical literature, paid databases, magazines, press releases, trade unions, company presentations, annual reports, and other information available in public domain. Additionally, the research team also refers various paid data sources such as Factiva, Hoovers, Bloomberg, and numerous other sources were also referred to derive company’s annual revenue, and other segment related financial information. Also, market forecasting and key industry trends information such as growth prospects, market composition, market dynamics, and segmentation confirmation is obtained from primary interviews with market participants including industry experts, regional managers, CEOs, market professional with substantial industry experienced.
Over the forecast period of 2019-2025, the Marine Radar market is expected to experience a substantial growth rate. The report will highlight various factors such as drivers, futures trends and opportunities behind the growth rate. The report will also provide insights on how the market will behave during the forecast period, and its potential impact on market segments, sub-segments and industry verticals at short term, midterm and long term basis. The market numbers presented in the report, are also portrayed in the graphical format for developing better understanding and analyzing the market.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.