LAMEA Solid State Radar Market Size, Share & Industry Trends Analysis Report By Waveform, By End User, By Dimension, By Industry, By Frequency Band, By Country, Historical Data and Growth Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Solid state Radar Market would witness market growth of 6.9% CAGR during the forecast period (2021-2027).
Defense Radar systems, which provide alerts for approaching missiles from afar, ground control interceptions, and surveillance. Countries have been incorporating x-band radar into their naval systems in recent years to improve the long-range detection and tracking of ballistic missiles. Radar technology has greatly aided airborne radar, marine radar, and military radar systems in detecting and tracking unidentified aircraft, ships, and land-based vehicles.
The Israel Missile Defense Organization (IMDO) is testing an aerostat with new radar capable of detecting long-range threats, according to the Israeli Ministry of Defense (MoD). In addition, these systems would add to the existing operational air defense detection capabilities of the country by providing additional detection and early warning capabilities.
There has been an increase in new aircraft orders by airlines in the United Arab Emirates and Saudi Arabia and these aircrafts are integrated with modern radar systems. In addition, in the realm of radar-based advanced systems, Israel and Saudi Arabia have always been at a forefront. Moreover, there has an increase in military spending on updating ground-based radar equipment by governments such as Brazil and Argentina in the last couple of years. Therefore, these factors would open lucrative growth opportunities for the players operating in the regional market during the forecasting period.
The Brazil market dominated the LAMEA Solid State Radar Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $36 million by 2027. The Argentina market is anticipated to grow at a CAGR of 7.5% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 6.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Solid State Radar Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
- Frequency Modulated Continuous Wave Radar
- Doppler Radar
By End User
- Military & Defense
- Weather Monitoring
By Frequency Band
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Leonardo SpA
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