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X Band Radar Market Trends

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Report ID: 145
Published Date: Sep 19, 2024
Report Format: PDF, PPT

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X Band Radar Market Trends

Growth Drivers

Growing Demand for Radars in Defense Sector
Increasing International Trade through Waterways
Constant Technological Advancements in Micro and Radio Waves

Challenges

Restraints by Government on Commercial Use

X-Band Radar Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	4.2%
Base Year Market Size (2023)	USD 6.22 billion
Forecast Year Market Size (2036)	USD 10.62 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

X-Band Radar Market Size & Share - Growth Analysis 2036

Author Credits: Abhishek Verma

Report ID: 145
Published Date: Sep 19, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for X-Band radars amongst the defense sector to strengthen border security is the major factor driving the market growth.

The market is anticipated to attain a noteworthy CAGR over the forecast period, i.e., 2021-2029.

Government regulations on commercial use of X-Band frequency is estimated to hamper the market growth.

The North America region will provide most growth opportunities for the market, on the back of high government funding in the defense sector in the region.

The major players in the market are Terma A/S, Israel Aerospace Industries Ltd., Northrop Grumman Corporation, Raytheon Technologies Corporation, Reutech Pty (Ltd), Saab AB, Furuno Electric CO., LTD. and Prosensing Inc.

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