NEWARK, Del, Oct. 20, 2022 (GLOBE NEWSWIRE) -- The global X-band radar market is anticipated to bode well over the projection period ranging from 2022 to 2032 registering a stable CAGR of 4.6%. The global market reached a valuation of around US$ 5,600.0 Mn in 2021 and is expected to touch around US$ 9,072.2 Mn by 2032. North America was accountable for the highest X-band radar market share in 2021 of approximately 36.0%. Several large-scale companies in the region offered X-band radar technologies to consumers and defense forces.
X-band radars are a type of radar that operates within the frequency range of around 8.0 to 12.0 GHz. These radars are known to be more sensitive in nature and can detect minute changes in the environment, along with other small particles. These radars are primarily utilized by marine vessels and for the purpose of weather forecasting. The X-band radar market accounts for about 20% of the global pulse doppler radar market.
The North American region consists of developed infrastructure for fishing and various other commercial activities that are technologically well-equipped. Owing to this reason, X-band radars comprise a larger market share in the North American region with a growth rate registered at a CAGR of 18.1% in the forthcoming years. Growth in the X-band radar market is attributed to the rising implementation of X-band radars in meteorological departments to better predict any changes in weather and climate, especially in sensitive regions.
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Key Takeaways
- X-band radars are commonly used by marine vessels in order to study the surrounding area where they are traveling. It can be extremely crucial for such vessels throughout the navigation process, passing through storms, or during underwater exploration activities. X-band radars are also implemented by airplanes in order to identify turbulence and weather changes throughout the flight. These radars have become more crucial for developing anti-cruise missile systems for naval vessels. These radars also help in detecting the presence of sea-skimming missiles and countering threats.
- X-band radars are mostly utilized for the purpose of detecting numerous changes in the environment and the interference of any object under the range of the radar. However, not in every situation, it is possible to place an X-band radar in a location. There can also be instances where the X-band radar does not need to be placed for a permanent duration.
- Owing to technological advancements, several companies are focusing on making these radars more mobile and compact by reducing their weight or allowing them to be mounted on numerous other vehicles. Attributed to these reasons, the mobile x-band radar segment is estimated to exhibit growth at a higher CAGR of 3.4% in the assessment period.
- Over recent times, active electronically scanned arrays have begun to penetrate the x-band radar market. Various companies in the market have introduced AESA-based x-band radars and it is estimated that the AESA type of arrays will grow at a CAGR of 5.4% from 2022-2032.
- Various governments of different countries are installing x-band radars in order to efficiently detect anomalies in the weather. They are trying their best to prevent natural disasters by investing huge sums in new product development. Utilization of these radars in flood-prone areas and coastal areas is helpful in evacuating at the right time. Owing to these aforementioned factors, the government segment is projected to exhibit growth at a CAGR of 4.7% in the projection years.
Competitive Landscape
X-band radars are presently manufactured by multiple defense companies, electronic component companies, and firms that specialize in radar development. Most of the prominent companies that develop X-band radars are used for defense purposes, for which there are various regulatory factors involved.
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More Insights into the X-Band Radar Market
The U.S. government utilizes a plethora of X-band radars to efficiently predict weather forecasts. Keeping in account their huge land mass and diverse kinds of weather conditions including heat, snowfall, rainfall, and storms, the market is projected to grow at a rapid pace in the country.
X-Band Radar Outlook by Category
By Type:
- Mobile X-band Radars
- Sea-based X-band Radars
By Array:
- Active Electronically Scanned Array (AESA)
- Passive Electronically Scanned Array (PESA)
By Application:
- Defense
- Government
- Commercial
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Solution Innovation / Development Trends
3.3. Key Success Factors
4. Pricing Analysis
4.1. Types of Pricing Models, By Type
4.2. Global pricing analysis benchmark
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