Global radar systems market growth is due to growing R&D in military simulation and rising defence spending in emerging economies. In 2017, the world's military budget was US$ 1739 billion. Vayyar Image is developing new products to expand the market. These kits allow manufacturers to test 3D radar systems, and then determine the most cost-effective applications.
Air
The growing demand for airborne surveillance radars is the main driver of the market for airborne radar systems. The market is also driven by the growing procurement of military aircraft, and the development of new models. The Indian Ministry of Defense signed a contract to purchase 56 C-295 aircraft from Airbus by 2021. The first 16 aircraft will be delivered from Airbus' final assembly line in Spain, while the remaining 40 aircraft will be manufactured in India.
Marine
Over the forecast period, the marine radar system market will grow at a rate of 2.4%. The number of maritime applications that radar is used for, such as surveillance and guidance weapons applications, has increased. This technology prevents accidents by identifying stationary and moving objects. The economic downturn affected the supply chain and manufacturing activities. However, the consumption of marine radar will recover once the economy stabilizes.
Unmanned
The Unmanned radar system market report gives detailed insight into the competitive landscape, latest developments, and trade regulations. It also highlights opportunities for market players through the development of miniaturized radar and low-cost radar. Over the forecast period, however, strict trade regulations will continue to be a problem as well new jamming techniques.
Land
The market for global land radar systems is divided by region, into North America, Europe and Asia-Pacific. North America is the largest radar system market. It is responsible for 38.8% market share in the global land-based military radio system market. However, the Asia-Pacific region accounted for a greater share of the global land radar system market. This is due mainly to countries like China and India. Important regions for radar systems include Latin America and Africa.
Space
The global Space for radar systems market is anticipated to grow at a CAGR of 10.1% between 2018 and 2022. The growth is expected to be attributed to the privatization of the space exploration sector. Private organizations are now using space radar systems more frequently, and have been receiving support from the government for developing the space sector.
Demand for radar systems in the region
France's radar sensor industry is forecast to grow at a high growth rate of more than 8 per cent over the next five decades. This can be attributed to several factors such as the increase in aerospace & Defense in France and increased research and developing activities in companies that make military vehicles and aircrafts.