The Asia Pacific Solid state Radar Market would witness market growth of 4.1% CAGR during the forecast period (2021-2027).
Radar systems are frequently employed in the automobile industry to improve safety features in passenger cars and other modes of transportation. Radar in automobiles aids in the lane change, cruise control, which allows the vehicle speed to be adjusted to maintain a safe distance from vehicles ahead, and collision warning, which alerts the driver to potential risks.
Regional countries like India and China are witnessing higher need for contemporary naval radars with advanced technology. In addition, the requirement for anti-ballistic missile systems in the defense services would need more radar systems. Moreover, the shifting relationship between China and the rest of the globe will increase the demand for radar for observing the upcoming threats. The rising aerospace sector, surveillance of global threats, and the advent of nuclear weapons having governments in this region have fuelled the deployment of more radar systems in emerging economies such as China, India, Malaysia, and others. In addition, in India, the usage of 3D Radar Systems to automatically catch traffic violators has increased in the last couple of years. Therefore, these factors are anticipated to fuel the growth and demand for solid-state radar in the regional market during the forecasting period.
The China market dominated the Asia Pacific Solid State Radar Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $169.1 million by 2027. The Japan market is poised to grow at a CAGR of 3.5% during (2021 - 2027). Additionally, The India market would witness a CAGR of 4.7% during (2021 - 2027).
Based on Waveform, the market is segmented into Frequency Modulated Continuous Wave Radar and Doppler radar. Based on End User, The market is segmented into Military & Defense, Weather Monitoring, Aviation, Automotive, and Others. Based on Dimension, the market is segmented into 3D, 2D and 4D. Based on Industry, the market is segmented into Non-Commercial and Commercial. Based on Frequency Band, the market is segmented into X-Band, S-Band, L-Band and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Solid State Radar Market is Projected to reach USD 2.2 Billion by 2027, at a CAGR of 4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Furuno Electric Co., Ltd., L3Harris Technologies, Inc., Raytheon Technologies Corporation, Saab AB, Honeywell International, Inc., Northrop Grumman Corporation, Thales Group S.A., BAE Systems PLC, Lockheed Martin Corporation, and Leonardo SpA.
By Waveform
By End User
By Dimensions
By Industry
By Frequency Band
By Country
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