Major players in the X-band radar market are Japan Radio Co. Ltd., Furuno Electric Co., Ltd., Terma AS, Northrop Grumman Corporation, Saab AB, IAI Group, Thales Group, Leonardo SpA, Hensoldt AG, Reutech Radar Systems, Vaisala Oyj, Indra Sistemas SA and Prosensing Inc.
The global X-band radar market is expected to grow from $5.67 billion in 2022 to $5.94 billion in 2023 at a compound annual growth rate (CAGR) of 4.81%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The X-band radar market is expected to reach $6.74 billion in 2027 at a CAGR of 3.19%.
The X-band radar market consists of sales of portable and non-portable X-band radars.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
An X-band radar refers to a tool or system that generates radio waves, analyses those waves’ reflections for display, and is especially useful for finding and identifying things or surface characteristics at frequencies between 8 and 12 GHz and a wavelength between 2.5 and 4 cm. The X-band radar is used to detect tiny particles due to its shorter wavelength.
Asia-Pacific was the largest region in the X-band radar market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of X-band radar are mobile X-band radar and sea-based X-band radar which has active electronically scanned array (AESA) and passive electronically scanned array (PESA). Mobile X-band radar refers to the mobile radar that operates at the X-band range which is 9.375 GHz, 3cm and has dual polarization and doppler capability. The mobile X-band radar measures areal precipitation, polarization parameters and radial wings. Mobile X-band radars are also used to detect clear-air echoes from insects at close range. The X-band radar works on airborne, terrestrial, and naval platforms for defense, government, and commercial applications.
The growing demand for security systems is driving the X-band radar market.Security systems refer to several techniques or equipment intended to protect people and property against a wide range of dangers.
The border security system offers administration of border-patrol missions, real-time surveillance, early warning, and targeting, further enhancing land and maritime security, regional control, and border protection.The X-band radar is one of the security equipment used for detecting objects and helps in surveillance.
For instance, according to the 2022 Global Terrorism Index (GTI), the number of terrorist attacks around the world increased to 5,226 in 2021. Thus, the growing demand for security systems will increase the demand for X-band radar.
Product innovation is a key trend gaining popularity in the X-band radar market.Major players in the X-band radar market are focusing on innovation by using environment-friendly materials to sustain their position in the market.
For instance, in June 2021, Raytheon Technologies, a US-based aerospace, and defense company that manufactures X-band radars entered into a partnership with the U.S. Missile Defense Agency (MDA), the Department of Defense. The partnership aimed at moving to more environmentally friendly materials for the Sea-Based X-Band Radar (SBX) cooling system. The restoration of the outdated system dramatically reduces energy demands and greenhouse gas emissions while enhancing dependability.
In April 2020, Raytheon Company, a US-based aerospace, and defense company that manufactures X-band radars merged with United Technologies.The merged company is called Raytheon Technologies Corporation.
Through this merger, Raytheon Technologies planned to speed up the introduction of innovations in hypersonic, directed energy, avionics, and cybersecurity. United Technologies Corporation is a US-based manufacturer of high-tech goods and services for building systems and aerospace sectors.
The countries covered in the X-band radar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The X-band radar market research report is one of a series of new reports that provides X-band radar market statistics, including X-band radar industry global market size, regional shares, competitors with a X-band radar market share, detailed X-band radar market segments, market trends and opportunities, and any further data you may need to thrive in the X-band radar industry. This X-band radar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.