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(MoneyNewsWire.Net, March 17, 2018 ) The 3D radar market is projected to grow from USD 702.8 Million in 2017 to USD 1,775.0 Million by 2022, at a CAGR of 20.36% from 2017 to 2022. The emergence of modern warfare techniques with the rapid technological developments has led to the replacement of traditional combat systems with advanced combat technologies, such as electronic warfare and network-centric warfare. This, in turn, is expected to drive the growth of the 3D radar market during the forecast period from 2017 to 2022. The 3D radar market has been segmented based on the frequency band, range, platform, and region.
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Based on the frequency band, the 3D radar market has been segmented into C/S/X band, L band, E/F band, and others. A frequency band is an interval at which a particular radar transmits a signal. These frequency bands are distinguished by their wavelengths, which range from 0 GHz to 40 GHz. Radio frequency waves are sent through antennas into space that are then reflected from the targets.
Based on the range, the 3D radar market has been segmented into long range, medium range, and short range. The long range segment is expected to lead the 3D radar market in 2017. Long range 3D radar has gained popularity in recent years, owing to its growing applicability in weather monitoring applications as it helps in accurate prediction of natural calamities, such as floods, earthquakes, cyclones, and hurricanes.
Based on the platform, the 3D radar market has been segmented into airborne, ground, and naval. The ground segment of the 3D radar market is projected to witness the highest growth during the forecast period while the airborne segment is expected to lead the market in 2017. The manufacturers of different types of airborne 3D radar are making efforts to develop specialized airborne 3D radar for Unmanned Aerial Vehicles (UAVs) as the use of airborne 3D radar in Unmanned Aerial Vehicles (UAVs) enables easy data collection of fast-changing terrains, such as snow slopes and active volcanoes.
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The 3D radar market has been studied for North America, Europe, Asia Pacific, Middle East, and Rest of the World (RoW). The North American region is expected to lead the 3D radar market in 2017 as the region is home to several leading manufacturers of different types of 3D radar, which include Northrop Grumman Corporation (US), Rockwell Collins Inc. (US), Airbus Defense and Space (US), etc.
The huge costs incurred in the development of different types of 3D radar is the major factor restraining the growth of the 3D radar market across the globe. Significant investments are required at different stages of the value chain of the 3D radar industry (especially in the R&D, manufacturing, system integration, and assembly stages).
Products offered by various companies operating in the 3D radar market have been listed in the report. The recent developments section of the report provides information on the strategies adopted by various companies between March 2012 and August 2017 to strengthen their positions in the 3D radar market. Major players in the 3D radar market include Northrop Grumman Corporation (US), Raytheon Company (US), Airbus Defense and Space (US), etc. These companies have an excellent geographic reach and distribution channels.
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