Radar technology market have a wide range of applications across various industries, including defense, transportation, agriculture, and weather forecasting. In the defense and military sector, radar technologies have been used for many years to track and detect enemy aircraft and missiles. These technologies are essential in the early detection of threats and provide valuable information for decision making.
In the transportation industry, radar technologies are used in the development of autonomous vehicles and advanced driver-assistance systems. These systems use radar sensors to detect and track other vehicles on the road, pedestrians, and obstacles. This helps to improve the accuracy of autonomous driving and enhances passenger safety.
Radar technologies also play a significant role in weather forecasting. Weather radar systems use radar technology to detect precipitation, measure the intensity of the rainfall, and track the movement of storms. This information is crucial for predicting severe weather conditions such as hurricanes, tornadoes, and thunderstorms, and it helps to enhance the safety of aviation and other transportation industries.
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The global keyword market is highly competitive and is dominated by a few key players. These players have established themselves as leaders in the industry through their extensive experience, strong technological capabilities, and innovative products and services.
Northrop Grumman Corporation, Rockwell Collins, Honeywell International, Saab AB, Raytheon Company, Leonardo S.P.A., BAE Systems, Reutech Radar Systems, and Lockheed Martin Corporation.
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The global market is further segmented into type and application:
Service Outlook (Revenue, USD Billion; 2019-2027)
- Installation/Integration
- Support and Maintenance
- Training and Consulting
Platform Outlook (Revenue, USD Billion; 2019-2027)
- Ground
- Naval
- Airborne
- Space-based
Technology Outlook (Revenue, USD Billion; 2019-2027)
- Continuous Wave Radar
- Pulsed Radar
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Takeaways of the Competitive Overview Section:
- Neolix, a driverless driver startup, has raised USD 28.7 million in Series A+ funding to mass-produce its self-driving vehicles.
- China eased its restrictions on delivery robots after the Covid-19 outbreak, resulting in a surge in autonomous deliveries in the worst-hit areas.
- The widespread of the virus has offered such firms unprecedented growth opportunities to put their technology under mass production as Beijing promotes “contactless driver” to curb the spread of the virus.
- Despite the growth in autonomous deliveries, these delivery robots still face major technology and regulatory hurdles.
- E-commerce giants JD.com and Meituan have been permitted to run their autonomous delivery services, but many companies are still only permitted to operate within certain geofenced areas.
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