The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the 3D Radar Market.
It was estimated prior to this unanticipated outbreak that the 3D Radar Market was likely to witness an impressive CAGR of 5.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. The emergence of modern warfare techniques with the fast-technological progressions has contributed to the substitution of conventional combat systems with advanced combat technologies, such as electronic warfare and network-centric warfare. This, in turn, is expected to nourish the growth of the global 3D radar market.
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3D Radar Market Segment Insights:
By Frequency Band Type:
A frequency band is an interval at which a specific radar transmits a signal. These frequency bands are differentiated by their wavelengths, which range from 0 GHz to 40 GHz. Radio frequency waves are transmitted through antennas into space that are then reflected from the targets.
By Range Type:
The long-range segment remained dominant in 2018, and it’s expected to maintain its dominance during the forecast period as well. A long-range 3D radar has earned popularity in the recent years, due to its increasing applicability in weather monitoring applications as it enables precise prediction of natural disasters, such as floods, earthquakes, cyclones, and hurricanes, this in turn is driving the growth of the segment.
By Platform Type:
The ground segment is estimated to register the highest growth during the forecast period while the airborne segment remained dominant in 2018. The manufacturers of various types of airborne 3D radars are exerting to develop specialized airborne 3D radars for Unmanned Aerial Vehicles (UAVs) as their employment in Unmanned Aerial Vehicles (UAVs) allows easy data collection of the fast-changing terrains, such as snow slopes and active volcanoes.
By Region:
North American region dominated the 3D radar market in 2018, as the region is proximal to various leading manufacturers of different types of 3D radar, which comprise, Northrop Grumman Corporation (US), Rockwell Collins Inc. (US), Airbus Defense and Space (US), etc. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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