Redefining Radar: Solid State Market Anticipated to Hit $3.3 Billion by 2030

Redefining Radar: Solid State Market Anticipated to Hit $3.3 Billion by 2030

Solid State Radar Market - 2023-2030 Meticulous Research a leading global market research company, published a research report titled, Solid State Radar Marketby Frequency Band, Dimension, Waveform, Application, and End User (Automotive, Aviation, and Other End User), and Geography - Global Forecast to 2030. Download Free Sample Report@ https://www.meticulousresearch.com/download-sample- report/cp_id=5452?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_co ntent=07-05-2024 According to the latest research report by Meticulous Research , the global solid state radar market is poised to achieve a valuation of $3.3 billion by 2030, exhibiting a robust compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. The market's growth is primarily fueled by the escalating demand for advanced weather monitoring radar systems and the increasing adoption of solid state phased array radar systems by the defense sector. However, challenges such as high manufacturing costs may impede market expansion. Key Market Drivers and Opportunities The growing demand for 3D solid-state radars and air surveillance systems presents significant growth opportunities for stakeholders in the solid state radar market. Notably, the surge in demand for airspace monitoring & surveillance, weather monitoring, collision warning, navigation, and airport perimeter security applications is expected to drive market growth further. Segmentation Insights The global solid state radar market is segmented by frequency band, dimension, waveform, application, end user, and geography. Notably, in 2023, the S-band segment is estimated to dominate the market, while the 3D segment holds the largest share based on dimension. Additionally, the doppler segment leads in waveform, and the aviation sector accounts for the largest share among end users. Geographical Analysis North America is anticipated to lead the global solid state radar market in 2023, attributed to the increasing demand for solid-state phased array radar systems in the defense sector and the cost- effectiveness of solid state radar systems. However, Asia-Pacific is poised to register the highest CAGR during the forecast period, driven by growing adoption in navigation, border security & surveillance, and traffic management applications. Key Players The key players operating in the global solid state radar market are Thales Group (France), Honeywell International Inc. (U.S.), Raytheon Technologies Corporation (U.S.), GARMIN LTD. (U.S.), Indra Sistemas, S.A. (Spain), Japan Radio Co., Ltd. (Japan), ICS Technologies, Inc (Italy), Terma Group (Denmark), Reutech Radar Systems (South Africa), FURUNO ELECTRIC CO., LTD. (Japan), BAE Systems plc (U.K.), Blighter Surveillance Systems Limited (U.K.), GEM Elettronica (Italy), ELBIT SYSTEMS LTD. (Israel), and Lockheed Martin Corporation (U.S.) Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Solid State Radar Market - 2023-2030 Buy Now@ https://www.meticulousresearch.com/Checkout/12452068?utm_source=pdf&utm_medium=soc ial&utm_campaign=product&utm_content=07-05-2024 About Meticulous Research : Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 Meticulous Research| sales@meticulousresearch.com