Companiesandmarkets.com

Global passive radar technology market: Investments to reach $10 billion by 2020

Press Release   •   Jul 30, 2013 12:06 BST

By the end of 2023, it is forecast that investments in the global passive radar technology market will account of more than $10 billion in revenue, following a CAGR of nearly 36% between 2013 and 2023. The market for passive radar is still in its infancy, and few companies have developed effective, marketable systems. However, as the technology becomes more sophisticated and affordable, more and more competitors can be expected to enter the market, particularly in defense and homeland security.

Passive radar is different from traditional forms of radar in that it does not emit any electromagnetic radiation. Instead, it relies on reflections from other electromagnetic signals in the atmosphere in order to provide a radar picture. Passive radar provides a number of distinct advantages that will allow it to corner a significant portion of defense, homeland security, and civilian radar markets. In addition to cost-efficiency, passive radar is also covert, an effective counter to stealth technologies, and environmentally friendly.

The flexibility of deployment, together with stealth and surveillance capabilities will drive passive radar investments to comprise nearly 41% of the total military radar spending between 2013 and 2023. Cost efficiency, spectrum congestion and emerging urban applications are the key drivers impelling passive radar investments in civil aviation.

For more information on the Global passive radar technology market, please click here: Global passive radar technology market

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.