The Europe Solid State Radar Market would witness market growth of 3.8% CAGR during the forecast period (2021-2027).
Radar is made up of a transmitter that generates an electromagnetic signal, which is then emitted into space via an antenna. It is used to predict and track spacecraft, planes, missiles, weather, and other types of vehicles. Due to their higher accuracy in measuring distances, velocities, and angles than optical or ultrasound systems, radar systems are commonly used in industrial applications such as speed monitoring, object recognition & tracking, area & distance monitoring, and collision avoidance with static & moving objects.
Being the hub of automotive industry, the players in the Germany are anticipated to produce next generation products and solutions with a number of distinct features and technological progressions to fit automotive applications. Europe, which has been struck worst by the COVID-19 epidemic, is predicted to grow significantly as a result of increased military modernization efforts. The demand is expected to come from countries like Spain, Germany, and others, where military spending has increased year over year. HENSOLDT, a German defense electronics and sensor company, has signed a contract with Airbus Defense and Space to supply all new AESA Radars for the German and Spanish Euro fighter fleets. Hence, these factors would collectively fuel the growth of the market during the forecasting period.
The Germany market dominated the Europe Solid State Radar Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $165.3 million by 2027. The UK market is anticipated to grow at a CAGR of 3.1% during (2021 - 2027). Additionally, The France market would display a CAGR of 4.6% during (2021 - 2027).
Based on Waveform, the market is segmented into Frequency Modulated Continuous Wave Radar and Doppler radar. Based on End User, The market is segmented into Military & Defense, Weather Monitoring, Aviation, Automotive, and Others. Based on Dimension, the market is segmented into 3D, 2D and 4D. Based on Industry, the market is segmented into Non-Commercial and Commercial. Based on Frequency Band, the market is segmented into X-Band, S-Band, L-Band and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Solid State Radar Market Size will Hit $2.2 Billion by 2027, at a CAGR of 4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Furuno Electric Co., Ltd., L3Harris Technologies, Inc., Raytheon Technologies Corporation, Saab AB, Honeywell International, Inc., Northrop Grumman Corporation, Thales Group S.A., BAE Systems PLC, Lockheed Martin Corporation, and Leonardo SpA.
By Waveform
By End User
By Dimensions
By Industry
By Frequency Band
By Country
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