In 2022, the marine radar market was anticipated to generate USD 1.34 billion. As companies offer technologically cutting-edge maritime radar using various wireless technologies, the market is growing. As a result, revenue increased at a CAGR of 5.5% between 2023 and 2033, reaching USD 2.4 billion by 2033. The market is projected to generate USD 1.4 billion …
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Marine Radar Market to Witness Steady Expansion During 2021-2031
Future Market Insights (FMI) in a new study has presented an optimistic outlook for the marine radar market, especially with the advent of next-generation solid-state radars. The demand is expected to remain consistent through the forecast period, enabling the market to register Y-o-Y growth at little above 2% in 2021. Maritime safety and efficiency is …
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