Global 3D Radar Market Size, Trends & Analysis - Forecasts to 2026 By Type of Platform (Ground, Airborne, and Marine), By Type of Frequency Band (C/S/X Band, E/F Band, L Band, and Others), By Type of Range (Long Range, Medium Range, and Short Range), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
3D Radar Market Insights
The 3D radar market is analysed to perform obstinate progress in CAGR by 19.8% during the forecast period (2020-2026). Radar is a detection method that utilizes radio waves to determine the range, angle, or impetus of objects. Traditional 2D radar presents just course, while the 3D radar also offers elevation. 3D radars as an electromagnetic sensor are used to identify, discover, track, and recognize objects at substantial ranges. The operation of 3D radars is done by the transmission of electromagnetic energy. Due to the sudden shift of focus by the unfortunate occurrence of COVID-19, various manufacturing enterprises have halted the operation, therefore, hampering the growth of the market. But it has been estimated the global market is set to expand tremendously in the forecast period with the aid of propellors such as increasing research & development activities in 3D radar companies, consecutive administering of military exercises between two countries, and expansion of industries resulting in employment generation.
3D Radar Market: By Type of Platform
Ground, airborne, and marine are the market segmentation based on the platform. The ground platform segment is seen to dominate in the forecast period. The inclusion of modern digital technology in multiple verticals, an increase in unmanned vehicles, and rapid technological development are some of the few factors inducing the development of the global market.
3D Radar Market: By Type of Frequency Band
C/S/X band, L band, and others are included in type of frequency bands. The frequency band is an interlude between the frequency field delimited by a lower frequency and an upper frequency. E/F bands will become the fastest-growing segment in the forecast period. Deployment of ballistic missiles, rise in the capital investments in Defense, demand for constant weather monitoring behave as the drivers for the extension of the market.
3D Radar Market: By Type of Range
Ranges in the 3D radar market can be witnessed in areas like medium, long and short-range. Long-range 3D radars will furnish a larger share in the growth of the market due to the factors such as an increase in regional border tension, increasing use of modern warfare techniques, and adoption of 3D radars in the airports' assist the enlargement of the global market.
3D Radar Market: By Region
Based on the geographical analysis, Europe has endured being a preferred region yet, North America is followed to make an eminent assent in the global market. Deficiency of knowledge towards the benefits of 3D Radar solutions, increasing procurement of radar systems, and the rise in inter-country conflicts across the globe are the factors steering the reach of the market.
3D Radar Market Share and Competitor Analysis
Lockheed Martin Corporation, Raytheon Technologies Corporation, Indra Sistemas S.A., Northrop Grumman Corporation, Thales Group, BAE Systems, Airbus SAS, Honeywell International Inc., Saab AB, L3Harris Technologies, Inc., Leonardo S.P.A, Aselsan A.S., Rheinmetall AG, ELTA Systems Ltd., and other industries are the dominant players in the global 3D radar market.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global 3D Radar Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the 3D Radar Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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