Radar
is a system for detecting/tracking the presence, direction, distance, and speed
of objects such as aircraft, ships, and other objects. Radars usually operates
in the ultra-high-frequency (UHF) or microwave part of the radio-frequency (RF)
spectrum, and these radio waves used to determine the range, angle, or velocity
of objects such as aircraft, spacecraft, guided missiles, ships, motor
vehicles, weather formations, and terrain.
The
market was valued $27 billion in 2017, due to demand for air traffic control
radars from the aviation sector. Additionally, demand for other radars such as
weather radars and naval based radars is supporting the market.
The Radars
Global Market is split into the following segments:
civil radars and military radars.
Asia-Pacific was
the largest region in the radar manufacturing market in 2017, accounting for
39% share in the market. The USA was the largest country in 2017, accounting
for over 20% share in the market.
The top five
competitors in the market are Northrop Grumman Corporation, Raytheon Company,
Lockheed Martin Corporation, Thales Group and Leonardo S.p.A. Northrop Grumman
Corporation was the largest competitor. It was founded in 1994 and is
headquartered in Virginia, United States. Northrop Grumman is
defense-contracting company engaged in the providing Aerospace Systems, Mission
Systems, and Technology Services majorly for Department of Defense (DoD) of the
US Government. The company operates through 424 locations, primarily in the US.
Northrop Grumman Corporation also conducts business with foreign, state and
local governments, as well as commercial customers.
About The Business Research Company.
The Business
Research Company is a Business Intelligence Company which excels in company,
market and consumer research. It has offices in the UK, the US and India and a
network of trained researchers in 15 countries globally.
Contact Information.
The Business Research Company
Europe: +44 207
1930 708
Asia: +91
8897263534
Americas: +1 315
623 0293
No comments:
Post a Comment