SEATTLE, 29 Sept. 2016. Global demand for X-band radar for surveillance and targeting will grow by 22.5 percent over the next five years, from $4.58 billion in 2016 to $5.61 billion by 2021, which represents a combined annual growth rate of 4.1 percent, predict analysts at market researcher Markets and Markets in Seattle.
Driving growth in the global X-band radar market are the emergence of electronic warfare and network centric warfare, replacement of legacy systems automated radar, territorial conflicts and geopolitical instabilities, and sea-based X-band radars, analysts say.
Military applications represent the fastest-growing segment in the X-band radar market due to the growing demand for mobile X-band radars for land and naval security, analysts say.
Air surveillance is the prime application driving demand for military X-band radar, analysts say. Increased investments by governments in different defense sectors are driving the demand for mobile X-band radars such as the sea-based X-band radar and space-based X-band radar.
X-band radar describes microwave radar systems that operate in from 8 to 12 GHz. The relatively short wavelengths of the X band provide high-resolution imagery from imaging radars for target identification and discrimination.
Mobile X-band radars can be used for gauging the dynamics of extraordinary cyclones and cloud microphysics; urban rainfall; sea-breezes; detecting land vehicles and aircraft in coastal and border areas; air traffic control; early warning and detection of the weather; perimeter surveillance; and airborne surveillance.
While North America will capture the largest market share in the X-band radar market in 2016, the Asia-Pacific region will have the highest combined annual growth rate through 2021 due to rapid industrialization and the influx of several multinational players, analysts say.
North America has a strong foothold in the X-band radar market with the top market players such as The Raytheon Co. and Northrop Grumman Corp. Increased investments in the missile defense systems across the globe, meanwhile, are responsible for the higher demand for X-band radars.
Markets and Markets analysts outline their findings the report X-Band Radar Market. For more information contact Markets and Markets online at www.marketsandmarkets.com.
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