Over the Horizon Radar Market - Key Updates, Size, Share Analysis, Growth
Posted by Savni on November 25th, 2019
Over the Horizon Radar Market Research Report by Product Type (Surveillance & Airborne Early Warning Radar, Tracking & Fire Control Radar, Multi-Function Radar, Synthetic Aperture & Moving Target Indicator Radar, Others), by Component (Antenna, Transmitter, Duplexer, Receiver, Others), by Platform (Airborne, Land-based, Naval), and by Region - Global Industry Forecast To 2023
Most radars have a limitation, the bend of the earth's surface limits the range of most radars to the radio horizon. Over the horizon radar systems are capable of detecting and tracking objects at over-the-horizon ranges. They use very long wavelengths with special properties of propagation. Over the horizon, radars are gaining significance in the present-day scenario where the need for accurate long-range tracking has increased considerably, given the deteriorating political instability across the globe. Market Research Future (MRFR) has recently published a study on the global over the horizon market after considering the various pertinent factors that can affect the growth trajectory of the market. MRFR's analysis projects a CAGR of 13% in the over the horizon market over the forecast period of 2018-2023.
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Over the horizon, radars are used in military operations and are increasingly becoming a part of the modern-day defense mechanism of multiple countries. The defense sector of various countries is investing heavily on over the horizon radars to strengthen their defense structures and safeguard themselves from threats. Moreover, in recent years, the nature of warfare has changed drastically. Guerilla warfare tactics are exclusively being adopted by various countries which necessitate the deployment of advanced safety mechanism. These radars also aid in tracking down terrorist activities and have been a key area of focus for many countries. Surging threats from various terrorist groups along with rising cross border conflicts have driven the over the horizon market significantly. For instance, the US and Russia, along with the North Atlantic Treaty Organization (NATO) have engaged in the deployment of over the horizon radar systems to neutralize any possible threats from the ISIS. Other than military applications, these systems are used for air traffic control, vehicle speed detection for law enforcement, and weather monitoring.
The global over the horizon radar market has been segmented based on product type, component, and platform.
By product type, the over the horizon radar market has been segmented into surveillance & airborne early warning radar, multi-function radar, tracking & fire control radar, synthetic aperture & moving target indicator radar, and others. The surveillance & airborne early warning radar segment is expected to be the largest as well as the fastest growing segment over the forecast period. Rising cross border conflicts can be credited for the growth of the segment.
By component, the over the horizon radar market has been segmented into antenna, duplexer, receiver, transmitter, and others. The antenna segment recorded the highest growth in 2017 and is likely to capture the highest CAGR over the forecast period.
By platform, the over the horizon radar market has been segmented into airborne, land-based, and naval radar systems. The land-based radar systems segment led the market in 2017 while the airborne radar systems segment is anticipated to be the fastest-growing segment over the forecast period.
Region-wise, the over the horizon radar market has been segmented into North America, Latin America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).
North America captured the largest portion of the global over the horizon market in 2017. Its dominance can be exclusively credited to the heightened focus of the region on national border security. Moreover, leading market players such as Lockheed Martin Corporation, Raytheon Company, and Northrop Grumman Corporation are based in the region which provides unprecedented leverage to the region. These players are actively involved in the development of over the horizon radar systems, which is key to market growth.
The APAC over the horizon radar market is estimated to be the fastest growing market over the forecast period. The rising threat from terrorist activities in the region along with rise in political disputes and cross-border conflicts have generated the need for over the horizon radar systems. China and India are the key contributors to the APAC over the horizon radar market.
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Northrop Grumman Corporation (US), Aselsan (Turkey), Saab AB (Sweden), BAE Systems (UK), Lockheed Martin Corporation (US), Leonardo (Italy), Thales Group (France), Israel Aerospace Industries (Israel), Harris Corporation (US), and Raytheon Company (US) are the key players in the global over the horizon radar market.
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About the AuthorSavni
Joined: October 21st, 2019
Articles Posted: 480
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