United States 3D Radar Market is Expected to be Dominated by Ground Radar Segment until 2028
Increasing demand of advanced security systems for ensuring
safety of United States might drive the growth of 3D radar market.
According to
TechSci Research report, “United States 3D Radar Market- Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2028”, the market
for 3D radar in United States has many opportunities to grow in the future. A
wide range of radar systems that can recognise and keep track of things in
three dimensions are referred to as three-dimensional radar, or 3D radar. The
market for three-dimensional radar systems provide elevation into
two-dimensional radar systems . Additionally, 3D radars are used in a wide
range of industries, including the aerospace, automotive, weather monitoring,
and aviation as well as the defence and security, aerospace, and industrial
sectors. The continuous advances in technology gave opportunities to
governments and other international organisations to adopt them for staying
competitive in the 3D radar market. Overall, it is anticipated that the 3D
radar market will expand internationally.
One of the
main factors driving the US 3D radar market is the region's growing need for
surveillance and weather awareness. Furthermore, for threat detection,
monitoring, and situational awareness, the US defence sector is important and
heavily relies on cutting-edge radar technology. Additionally, increased
spending in defence and the requirement
for cutting-edge technology to confront new security threats are driving the
need for 3D radar systems in military applications. In addition, 3D radar is
necessary for tasks like collision avoidance and adaptive cruise control in
advanced vehicles. In general, the US market for 3D radar is growing swiftly
and is projected to do so at a higher CAGR.
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In addition,
according to the International Air Transport Association, of the 316 accidents
that occurred between 2014 and 2018, 31% could have been prevented through
improved regulatory oversight by data acquisition through 3D radar systems. Air
Traffic Management (ATM) have become critical to maintain safe, smooth, and
collision-free operations. For this, the 3D radar system is the long-term
solution, which drives the market as well. Furthermore, solid-state radar
systems are becoming more common because they are smaller, use less power, and
perform better than traditional mechanically scanned radar systems. In
addition, solid-state radar technology is on the rise with faster scan rates,
greater reliability, and the ability to interact with other sensors and
communication systems. The primary barrier to the 3D radar market is the
high cost of raw materials and their production. In general, the cost-related
issues are the market's biggest barrier, but as technology advances, the 3D
radar market is also anticipated to grow in the next years by enhancing value
chain operations and acquiring novel expertise.
To
manufacture 3D radar systems in US region, many organisations are partnering
with other businesses. For instance, the UK Ministry of Defence and Saab AB
have agreed on two contracts worth SEK 264 million (about USD 25 million) for
eleven Giraffe 1X radars to be delivered in 2023. In November 2022, the U.S.
Navy to refurbish and install two more Saab radar systems as part of the
Shipborne Air Traffic Radar (SATR) AN/SPN-50(V)1, currently in Low Rate Initial
Production (LRIP). A support order has been received with total change
amounting nearly USD 30 million.
Key
market players in the United States 3D radar market include:
·
Northrop
Grumman Corporation
·
Numerica
Corporation
·
Thales Group
·
BAE Systems
PLC
·
Airbus Defense
and Space
·
Honeywell
International Inc.
·
Saab AB
·
Thales Group
·
Echodyne MESA
·
DeTect, Inc.
The United States 3D
radar market is segmented based on
platform, frequency band, range, company, and region. Based on platform, the
market is segmented into airborne, ground, and naval. Based on the frequency
band, it is further segmented into c/s/x band, e/f band, l band, and others.
Furthermore, based on range, market is divided into long range, medium range,
and short range. Further, the market is also divided into regions wise, mainly,
North, West, South, and East.
Due to the easy installation and maintenance, the ground 3D radar
segment has gained a considerable share in the United States 3D radar market.
In addition, with the increasing requirements and developing technology,
long range radar segment will have a higher CAGR in projected years.
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“Rapid growth in
radar technology in United States is expected to boost the 3D radar market in
coming years. Increasing usage of 3D radars in the variety of industries
including aerospace, automotive,
weather monitoring, and aviation results in more demand for 3D radar in the US
region”
said Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“United
States 3D Radar Market Segmented By Platform (Airborne, Ground, Naval), By
Frequency Band (C/S/X Band, E/F Band, L Band, Others), By Range (Long Range, Medium Range, Short
Range), By Region, Competition, Forecast and Opportunities, 2029” has evaluated the future
growth potential of United States 3D radar market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the United States 3D radar market.
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