The military and defense sector has been constituting a prominent chunk of budget in the economy of all developed countries for a number of years but in the past couple of decades, a number of emerging economies have incremented their expenditure on ensuring safety and security of their nation. This factor has given thrust to the demand for advanced military and defense technologies, among which, the 3D radar market is flourishing. Greatest threat for a country is from foreign invader and air warfare is highly important, raising a demand for technological advancements in the current radars. 3D radars are multifunctional that are quickly replacing the traditional 2D radars as they offer much more accurate information regarding the identity, location, and flight height of aircraft within its range. Increasing usage of advanced warfare technologies, geopolitical instabilities in various countries in the region of Middle East and Asia Pacific, and increasing adoption of 3D radar by airports are some of the key drivers augmenting the demand in the global 3D radar market.
While the high cost of 3D radar and the vulnerability it brings with completely automated processes are hindering the prosperity of the market, the report has assured that vendors of this market stand to gain new opportunities if they can work on miniaturization of the products and develop unmanned vehicles.
This report is has been prepared to act as a business tool for targeted audiences such as original equipment manufacturers (OEMs), manufacturers of defense systems, defense organizations, manufacturers of material and component, and 3D radar research centers. Apart from showcasing the current lucrativeness of the market and future prospects of various segments, the report profiles a number of companies in its dedicated section on competitive landscape.
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Radar is an electromagnetic technology based device which is used to determine the presence and location of an object or target by calculating the time for the echo of a radio wave to return from it and the direction from which it returns. The radar technology provides information about weather conditions and issues and it detects other aircraft without visual contact during reduced visibility conditions. Radars calculate the range, angle, and velocity of an object in both horizontal and vertical direction. The radar is able to observe the object through the medium consisting of snow, fog, snow, darkness, rain and clouds etc. This technology can be operated by one person and it avoid expensive excavations on wrong spot.
The driving factor for the global 3D radar market is increasing application of spacecraft, guided missiles, motor vehicles, ships and aircraft. The global 3D radar market are deployed in these applications to determine the exact position of object or target. The global 3D radar market measures 3D position of target or object that is it measures elevation angle, range, azimuth (compass bearing) and possibly range rate. These factors and application is expected to boost the demand for the global 3D radar enormously and is predicted show sustainable growth during the forecast period. However, cost required for deployment of 3D radar is comparatively high. This factor is hampering 3D Radar market globally.
The global 3D radar market is segmented on the basis of range, platform, frequency band, application and geography. Based on range, the global 3D radar market is sub segmented into long range, medium range and short range. The global 3D radar market is categorized depending on platform such as airborne, ground and navel. Ground is expected to register largest market share due to high penetration rate in defense sector. In terms of frequency band, the global 3D radar market is bisected into E/F band, C/S/X band and L band. In terms of applications, the global 3D market is bifurcated into aerospace, defense and shipping.
Defense or military application is expected to dominate the market due to high spending in this specific sector. Geographically, global 3D radar market is categorized into Europe, North America, Middle East and Africa and Asia Pacific, and Latin America. The North America is expected to old the largest market share for 3D radar market globally.
The U.S. is one of the top revenue generating country in this region owing to high production of aircraft and vehicles. Europe is also expected to show high potential growth in global 3D radar market as the adoption of new technology in this region. Moreover, countries in Asia Pacific such as China, and India is expected to show significant growth in global 3D radar market owing to increased demand for aerospace industry and rising of the same.
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The global 3D radar market is categorized by the presence of well-diversified international and small and medium-sized vendors. The competitive atmosphere is anticipated to rise due to technological innovations, and an increase in the number of contracts and mergers and product extensions. The global 3D radar market includes a few established players, who principally manufacture and supply innovative 3D Radar systems and components. The competition in this market is projected to strengthen in the estimated period due to higher demand of aerospace industry with advanced features.
Some of the key players are Honeywell International Inc., Aselsan A.S., Elta Systems Ltd., Hanwha Systems, rosoboronexport, src inc., robin radar systems, reutech radar systems, reutech radar systems, Rockwell collins, robin radar systems, src Inc., Northrop Grumman Corporation and airbus defense and space among others.
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