According to Future Market Insights, the X-band radar market is expected to reach US$ 9,072.2 Mn by 2032 and grow at a CAGR of 4.6% during the forecast period of 2022-2032. According to the report, the valuation of the market for X-band radars in 2022 is estimated to be US$ 5,768.0 Mn.
X-band radars are a certain type of radar that operates in the frequency range of 8.0-12.0 GHz. This band of frequencies is commonly known as the X-band. X-band radars are primarily used for detecting underwater missiles and objects in the sea and for studying the weather. Due to their high sensitivity, these radars can detect smaller objects and provide a high-resolution identification of objects within their range.
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Key Takeaways: X-Band Radar Market
- By type, the sea-based X-band radar segment is set to account for the highest market share of US$ 3,617.6 Mn in the forthcoming years.
- The mobile X-band radar segment is estimated to exhibit growth at a higher CAGR of 4% in the next decade.
- By array, the passive electronically scanned array (PESA) segment held a market share of 8% in 2021.
- The active electronically scanned array (AESA) segment is estimated to display growth at a CAGR of 4% in the upcoming decade.
- By application, the defense segment is estimated to reach a valuation of US$ 2,727.2 Mn in 2021.
- The commercial segment is expected to witness the highest growth at a CAGR of 0% during the forecast period.
- North America x-band radar market is set to hold a share of 4% and South Asia & Pacific is likely to grow at a CAGR of 18.1% in the evaluation period.
“X-band radars are a necessity for marine vessels and are likely to generate high demand from commercial, trade, and defense vessel manufacturers. Active electronically scanned arrays (AESAs) are the new development in the x-band radar market and they may even replace passive electronically scanned arrays over the forecast period due to their advancement,” says an analyst at FMI.
Installation of X-Band Radars for Studying Extreme Weather Conditions Will Aid Growth
Certain places across the globe have witnessed extreme weather conditions such as cyclones, heavy rainfall, and winter storms. Coastal and island regions are impacted much more by intense rainfall and cyclones. To better identify and warn the locals of any extreme weather conditions, doppler radars are used for detecting changes in the weather. X-band radars can help identify areas that can be badly affected by food, study minute weather changes, and provide resolute insights since they can detect smaller particles much better.
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More valuable insights on X-Band Radar
In this report by Future Market Insights, X-band radar has been segmented into four sections: by solution: type (mobile X-band radars, and sea-based X-band radars), array (active electronically scanned array (AESA), and passive electronically scanned array (PESA)), application (defense, government, commercial), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the X-band radar demand outlook.
Competitive Landscape
X-band radars are currently manufactured by several defense companies, electronic component companies, and firms that specialize in radar development. Majority of the companies that develop X-band radars are used for defense purposes, for which there are various regulatory factors involved.
- In January 2022, the Indian Meteorological Department (IMD) partnered up with the Indian Space Research Organization (ISRO) to manufacture doppler radars. These radars were provided to Delhi, Mumbai, and Chennai. The ones dispatched to Delhi and Chennai were X-band radars. To provide instant weather updates, IMD is planning to deploy at least 90 doppler radars across the country.
- In February 2021, Thales Group announced that its X-band radar NS50 was selected by the Belgian and Netherlands naval forces for their mine countermeasure vessels. The first delivery is planned for 2023, and the company is expected to provide the final delivery by 2033.
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X-Band Radar Outlook by Category
By Type:
- Mobile X-band Radars
- Sea-based X-band Radars
By Array:
- Active Electronically Scanned Array (AESA)
- Passive Electronically Scanned Array (PESA)
By Application:
- Defense
- Government
- Commercial
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
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http://www.4mark.net/story/7879238/smart-city-platforms-market-size-share-trends-%e2%80%93-2032
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