Market Synopsis:
Over the horizon radar, which is also known as beyond the horizon radar, is an advanced technology designed for the detection of targets at a very long distance. These systems have gained popularity in the defense sector on the global front. The global over the horizon radar market, as per Market Research Future (MRFR)’s assessment, is expected to expand at 13% ACGR during the forecast period of 2018 to 2023.
Rising military expenditures is presumed to favor the proliferation of the over the horizon radar market in the upcoming years. Also, the rising threats posed by cross border conflicts and terrorist attacks are prognosticated to have an influence on the expansion of the market in the nearby future.
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Competitive Dashboard:
Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Saab AB (Sweden), BAE Systems (UK), Thales Group (France), Israel Aerospace Industries (Israel), Aselsan (Turkey), Leonardo (Italy), and Harris Corporation (US) are the few of the prominent players of the global over the horizon radar market.
Market Segmentation:
The segments of the over the horizon radar market, based on product type, are surveillance & airborne early warning radar, multi-function radar, synthetic aperture & moving target indicator radar, tracking & fire control radar, and others. Among these, the surveillance & airborne early warning radar segment is anticipated to retain its pole position over the assessment period, reflecting a comparatively higher CAGR.
On the basis of component, the over the horizon radar market is segmented into transmitter, antenna, duplexer, receiver, and others. The antenna segment held the maximum market share in 2017. It is assessed to register the highest CAGR across the review period, thus, maintaining its leading position between 2018 and 2023.
Land-based, airborne, and naval radar systems are the key segments of the global over the horizon radar market on the basis of the platform. Among these, the land-based segment is expected to retain the leading position over the next couple of years. In addition, the airborne segment is projected to witness the fastest CAGR during the review period.
Regional Analysis:
The geographical analysis of the global over the horizon radar market is covered in this report on regional as well as a country-level basis. The regions covered in this study are – Latin America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and North America. North America is the largest region-based segment of the market and is expected to maintain its dominance over the assessment period. In addition, the focus on national border security in the U.S. is anticipated to work in favor of the over the horizon radar market in the region in the nearby future. Also, the consolidation of the leaders of the market in the region is forecasted to favor the expansion of the regional market over the prognosis period.
Asia Pacific is anticipated to expand at the fastest pace over the next couple of years. The rising tensions of terrorism and cross border conflicts are anticipated to lead the proliferation of over the horizon radar market in the region across the evaluation period. China and India are the primary contributors to the regional market.
In the upcoming years, a rise in investments in research & development is expected, which is likely to intensify the robustness of the competition. The players are projected to focus on organic approaches such as technological innovations, product innovations, product launches, etc. to strengthen their positions in the market place. In addition, rising investments in regional expansion are also expected to contribute to the development of the competitive landscape of the over the horizon radar market in the forthcoming years.
Table of Content:
1. Executive Summary
2. Scope of The Report
2.1. Market Definition
2.2. Scope of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. List of Assumptions
2.2.4. Limitations
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
Continued. . .
List of Tables:
Table 1 Global Over the Horizon Radar Market, By Region, 2018–2023
Table 2 North America: Over the Horizon Radar Market, By Country, 2018–2023
Table 3 Europe: Over the Horizon Radar Market, By Country, 2018–2023
Table 4 Asia-Pacific: Over the Horizon Radar Market, By Country, 2018–2023
Table 5 Middle East & Africa: Over the Horizon Radar Market, By Country, 2018–2023
Table 6 Latin America: Over the Horizon Radar Market, By Country, 2018–2023
Table 7 Global Over the Horizon Radar Market, By Product Type, 2018–2023
Continued. . .
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