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.
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The global radar manufacturing market has shown moderate growth in the past years with a CAGR of
about 5%. The year 2017 recorded highest ever market value in this industry as
per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims in
this market.
The report also shows the radar manufacturing market to grow
at a higher CAGR by 2021 as compared to 2017, along with geographies best
suited for investments with highest return rate.
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report at
The radar manufacturing market is
expected to grow at a CAGR of around 5.5% by 2021. This can be attributed to
the increase in demand for air traffic control system supported by largest
number of new airport projects, particularly in developing countries.
Additionally, defense industry is also expected to contribute to the growing
radar manufacturing market by increasing the production of unmanned aerial
vehicles, in the forecast period.
Companies included in the report
are Northrop Grumman Corporation, Raytheon Company, Lockheed Martin
Corporation, Thales Group, and Leonardo S.p.A.
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