Naval Radar Systems Market

“Global Naval Radar Systems Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the naval radar systems market by geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa). The report also analyses the competitive structure of the naval radar systems industry and provides the profiles of major players operating in the market. Some of these include Finmeccanica, Lockheed Martin, Northrop Grumman, Raytheon, and Thales Group. Naval radar systems assist in navigating, detecting and tracking electromagnetic waves in the sea to position vessels for preventing accidents. Naval radars are categorized into x-band and s-band frequencies. The x-naval frequency offers sharper images with higher resolution, whereas the s-band frequency enables easier identification and tracking during rain or fog.

The global naval radar systems market is majorly being driven by a rapid rise in research and development (R&D) activities by governments of various major nations to improve detection capabilities and surveillance resolution of their naval vessels. Besides this, escalating regional tensions and territorial conflicts are catalyzing the need for effective and advanced naval radar systems, which, in turn, is contributing to the market growth further.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the naval radar systems market and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the naval radar systems market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the naval radar systems market in detail for latest trends, outlook, and opportunities. 

Segmentation by Region:

• Asia-Pacific
• Europe
• Latin America
• North America
• Middle East & Africa

Competitive Landscape:

• Finmeccanica
• Lockheed Martin
• Northrop Grumman
• Raytheon
• Thales Group

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the naval radar systems industry along the parameters of the porter’s five forces model. This model examines the degree of competition in the naval radar systems industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. Swot analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the naval radar systems industry. Furthermore, the value chain analysis of the naval radar systems industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of The Naval Radar Systems Market

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the naval radar systems industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analyzed and presented in the form of easily comprehensible charts, graphs and tables.