The solid state radar market is projected to grow from USD 1.7 billion in 2021 to USD 2.0 billion by 2026; it is expected to grow at a CAGR of 4.2% from 2021 to 2026.
Key Factors:
fueling the growth of the market include advancements in solid state radar technologies, development of phased-array solid state radar, and increased demand for advanced weather monitoring radar. Additionally, the growing investments across the defense sector in the APAC is expected to create an opportunity for the market.
Download PDF Brochure:
Key Market Players:
The major players in the solid state radar market are Lockheed Martins (US), Raytheon Technologies (US), Honeywell (US), Thales Group (France), Leonardo (Italy), Elbit Systems (Israel), Garmin (US), Indra (Spain), Wartsila (Finland), and Teledyne Flir (US), Furuno (Japan), Terma (Denmark), Aselsan (Turkey).
Market By Segmentation:
1. North America in solid state radar market is projected to be the largest market from 2021 to 2026
2. The non-commercial to account for the largest size of the solid state radar market in 2021
3. The 3D segment to hold the largest size of solid state radar market by 2026
No comments:
Post a Comment