Global Marine Radar Market, By Type (S-band, X-band, and Others), Component (Transmitter, Waveguides

Published Date: | Report Code : AD1935324

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Increasing demand for luxury boats and weapon guidance and surveillance system is expected to drive the growth of the Global Marine Radar Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Marine radars are short-range radars used to determine the location of land and ships and helps in avoiding sea accidents. Marine radars are useful during wars, as ships are capable of keeping track of the enemy ships. Marine radars are technologically advanced due to the incorporation of automatic radar plotting aids (ARPA). The marine radar system works on electronic navigation devices, which includes rotating the antenna to transmit a narrow beam of microwaves. These microwaves are reflected by an object and this depletion is shown on display as an image.

Besides the defense & military sector, this system is also used in several other applications, such as astronomy, anti-missiles systems, aircraft anti-collision system, meteorological monitoring, etc. These advancement radar systems can inspect wide areas and stationary targets at long distances. This advanced radar systems help in digital signal processing and are helpful in extracting useful information from high noise levels. The global marine radar market is expected to grow, as governments of various countries are mandating the installation of marine radars to avoid sea accidents.

Segmentation Analysis: 

The global marine radar market has been segmented on the basis of type and application. Based on type, the X-band segment is expected to grow significantly due to their high deployment in small-medium sized vessels. Based on the application, the merchant marine segment is expected to grow due to a large number of existing as well as new ordered fishing vessels. 

Key Factors Impacting Market Growth:

  • Increasing demand for weapon guidance and surveillance
  • Increasing demand for pleasure boats and luxury boats
  • Government mandates for the installation of marine radars in ships and boats

Regional Outlook: 

The Global Marine Radar market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for the global marine radar market during the forecast period. Major countries in these regions include the US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. The Asia Pacific is estimated to be the fastest-growing region with increasing expenditure on defense and space research. With the presence of some of the fastest-growing economies including India and China, this region is projected to be a major market for global marine radar during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for marine radar market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of the World is an emerging market for global marine radar with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

Companies Covered: FURUNO ELECTRIC CO., LTD., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Saab AB, Japan Radio Co. Ltd., BAE Systems, Johnson Outdoors Inc.  and Alphatron Marine BV

Market Segmentation:

By Type:

  • S-band
  • X-band
  • Others

By Component:

  • Transmitter
  • Waveguides
  • Antenna
  • Duplexer
  • Receiver
  • Threshold Decision

By Application:

  • Yacht/Recreational Boat
  • Merchant Marine
  • Fishing Vessel
  • Military Naval

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Component
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Component
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Component
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Component
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Component
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Component
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global marine radar market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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