The global X-band radar market size reached US$ 5.5 Billion in 2021. Initially used for ship traffic control and navigation purposes, X-band radar is nowadays utilized in large research vessels and various offshore installations. This can be accredited to their short wavelength, which allows higher resolution imaging for target identification and discrimination. They are also used in maritime navigation for military and civil applications, such as air traffic control, weather monitoring, naval vessel traffic control, defense tracking and vehicle speed detection for law enforcement. Moreover, X-band radars are considered ideal for studying cloud development as they can detect light precipitation, owing to which their demand is escalating across the globe.
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Global X-Band Radar Industry Trends and Drivers:
The market is currently experiencing steady growth on account of the rising need for advanced security and surveillance systems around the world. Consequently, governments of numerous countries are investing in these systems to safeguard citizens from both internal and external threats, which in turn is strengthening the X-band radar market growth. Apart from this, the increasing application of X-band radar in aviation safety represents another growth-inducing factor as it helps in improving the overall safety of air transport.
Furthermore, investments are being made for developing innovative weather detection radars worldwide. For instance, Vaisala Oyj, Finland-based weather, environment and industrial measurement firm, recently introduced an advanced X-band weather radar. It assists in providing hydro-electric power plants with accurate precipitation measurement and improved data for flood warnings. Looking forward, IMARC Group expects the market to reach US$ 6.8 Billion by 2027, exhibiting a CAGR of 3.8% during 2022-2027.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being JRC(Japan Radio Co., Ltd.), Raytheon Company (RTN), FURUNO ELECTRIC CO (6814.T), Northrop Grumman Corporation (NOC), Terma A/S, Saab AB, HENSOLDT UK, Israel Aerospace Industries, Selex ES and Reutech Radar (Pty) Ltd.
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