North America Market Statistics
Regionally, the global X-Band radar market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. North America industry is anticipated to dominate majority revenue share by 2036, led by strong defense sector, backed by high government funding in the defense industry. Moreover, increasing investment in technological R&D activities, along with air traffic control, is estimated to boost the market growth in the region.
The market in Asia Pacific is anticipated to witness the highest growth during the forecast period owing to the increasing international trade over the huge coastline, along with the rising need to combat terror activities. The market in Middle East and Africa is also projected to experience significant growth over the forecast period owing to the growing terrorism in the region.
Author Credits: Abhishek Verma
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