Global 3D Radar Market Growth, Trends, and Forecast 2019-2024: Trends in Miniaturization of 3D Radars are Expected to Offer Lucrative Opportunities - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 20, 2019--
The “3D Radar Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The 3D radar market was valued at USD 780.34 million in 2018 and is expected to reach USD 2179.14 million by 2024, recording a CAGR of 18.69%, during the forecast period of 2019-2024.
Trends in miniaturization of 3D radars are expected to offer lucrative opportunities for the market.
Scope of the Report
3D radar provides for radar coverage in three dimensions with elevation information with range and azimuth. The 3D radar market has been segmented based on the platform, range, band and geography.
Key Market Trends
Airborne 3D Radar is Expected to Witness Highest growth
Asia- Pacific to Witness Fastest Growth
The 3D radar market is highly competitive in nature, owing to the presence of many global players. The manufacturers are making efforts to develop specialized airborne 3D radar for airborne applications that enables easy data collection of fast-changing terrains such as snow slopes and active volcanoes.
Major players in the 3D radar market include Northrop Grumman Corporation (US), Raytheon Company (US), Airbus Defense and Space (US), etc. These companies have an excellent geographic reach and distribution channels. Some of the recent developments are:
Industry Attractiveness - Porter’s Five Force Analysis
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INDUSTRY KEYWORD: TECHNOLOGY AEROSPACE MANUFACTURING SATELLITE
SOURCE: Research and Markets
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PUB: 12/20/2019 06:47 AM/DISC: 12/20/2019 06:47 AM