Market Overview
The global radar transmitter market is growing at a rapid pace. The market growth attributes to the increasing development of radar transmitters across military and defense sectors worldwide. Besides, increasing applications in various industrial verticals drive the growth of the market. Also, features such as ease of installation and remote deployment increase the market demand. Moreover, the increasing demand for wireless detection systems and level monitoring systems act as a key driving force for the market growth.
According to Market Research Future (MRFR), the global radar transmitter market is projected to reach USD 3.82 BN by 2025, posting 6.4% CAGR during the assessment period (2019 to 2025). Substantial investments by public and private sectors in the development of military communication systems positively influence the growth of the market. Rising usages of these transmitters in mining and telecom to transmit signals according to their applications with specific power and required characteristics boost the market growth.
Additionally, the growing demand for advanced transmitting systems in the aeronautics industry fosters the growth of the market. Moreover, growing defense budgets in countries across the world accelerate market growth. The emergence of advanced technologies and equipment, alongside emergency communication services, boosts the market growth. Conversely, the lack of standardization and high costs are the major factors projected to impede the growth of the market.
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Radar Transmitter Market – Segments
The market is segmented into four dynamics;
By Type : Contact Type and Non- Contact Type.
By Frequency Range : C and X band, K band, W band, and others.
By Industrial Vertical : Military & Defense, Oil & Gas, Chemical, Mining, Water Waste Treatment, Food & Beverages, Telecommunication, and others.
By Regions : Europe, Americas, Asia Pacific, and the Rest-of-the-World.
Radar Transmitter Market – Regional Analysis
North America leads the global radar transmitter market. The largest market share attributes to the augmenting demand for radar transmitters from industrial verticals, including military & defense, oil & gas, chemical, mining, water waste treatment, food & beverages, telecommunication, and others. Besides, the presence of several notable industry players such as Emerson Electric, Lockheed Martin, General Dynamics, and Rockwell Collins drives the regional market growth.
Well-developed economy in the region fosters regional market growth, fuelling investments, and defense budgets. Furthermore, the availability of advanced technologies and the augmenting demand for transmission technologies boost the growth of the regional market. The North American radar transmitter market is projected to retain its dominance over the global market throughout the assessment period.
Europe stands second in the global radar transmitter market. The market growth is driven by the robust defense and O&G sectors in the region. Also, the growing Telecommunication technologies and water waste treatment applications foster the growth of the regional market. Besides, the economic growth in the region plays a vital role in market growth, making R&D funds available for the development of radar transmitters. The European radar transmitter market is estimated to create a substantial revenue pocket over the review period.
The radar transmitter market in the Asia Pacific region is growing rapidly. Continually growing military budgets to purchase advanced transmitters and rapid technological advancements in the region drive market growth. Moreover, increasing government support and funding from private companies to drive the R & D required to develop advanced transmitting technologies fosters the growth of the market. The APAC radar transmitter market is expected to register an impressive CAGR during the anticipated period.
Global Radar Transmitter Market – Competitive Analysis
Highly competitive, the radar transmitter market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, industry players adopt strategic initiatives such as mergers & acquisitions, collaboration, and product/technology launch. Also, they make substantial investments to drive their R&D and expansion plans.
Major manufacturers strive to develop advanced technologies to improve their production capacity and precision technologies. To expand their global footprints, they acquire small yet promising companies from the emerging markets. A large share of the market is dominated by end-use industries such as aerospace & defense, aviation, space, and marine.
Major Players:
Players leading the radar transmitter market include Lockheed Martin Corporation (US), Emerson Electric Co.(US), BAE Systems plc (UK), General Dynamics Corporation (US), Rheinmetall AG (Germany), Saab Group (Sweden), ABB Limited (Switzerland), Rockwell Collins (US), Endress+Hauser Management AG (Switzerland), VEGA Grieshaber KG(Germany), and Siemens AG (Germany), among others.
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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