Valley Cottage, NY — (PRESS RELEASE JET) — 09/28/2017 — X-band radars are used in variety of operations such as air-traffic control at airports and long range surveillance and alarming systems for defence applications. X-band radars can be categorized into two categories; mobile x-band radar and sea-based x-band radar.
Mobile x-band radar are generally deployed in the coastal areas and in aircrafts whereas sea-based x-band radar are mounted on a floating tower attached in the sea.
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The global X-band radar market was valued at USD 4,640.8 Mn in 2015 and is expected to expand at a CAGR of 3.8% during the forecast period (2016–2026). The global x-band radar market is classified on the basis of its type and system component.
The mobile x-band radar type segment was valued at 3,121.7 Mn in 2015 and expected to expand at a CAGR of 4.1% during the forecast period. Sea-based x-band radar type segment is expected to expand at a CAGR of 3.8% during the forecast period.
North America and Western Europe regions are major contributors to the global x-band radar market. Majority of radar manufacturers are based in the U.S. and are catering to the security and surveillance need of the U.S. government. In the Western Europe region, countries such as Germany, France, and U.K are contributing heavily in the market. In December 2015, U.K government entered into an agreement with Raytheon Company Corporation for Advanced Combat X-Band Radar.
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In the system component category, command and control system segment is expected to have the largest market share, and is projected to expand at a CAGR of 4.0% during the forecast period.
Growing need of advanced security and surveillance systems across the world is driving the growth of the market. Currently, governments across the world seek 24/7 security and surveillance in order to safeguard people in their country from both external and internal threats. As a result, the vendors of aerospace and defence equipment are aiming at developing advance security and surveillance systems that can detect threat from long distance and can differentiate decoy from potential threat.
Key players offering x-band radar and its system component include Northrop Grumman Corporation, Raytheon Company, Saab Group, Japan Radio Company Limited, Israel Aerospace Industries Ltd., Furuno Electric Co., Ltd., Terma A/S, Detect Inc., Reutech Radar Systems, and ProSensing, Inc.
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