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Market Synopsis:Airport surveillance radars play a key role in guiding air traffic controllers in managing aircraft movements. The global airport surveillance radar market, as per the study presented by Market Research Future MRFR), is expected to mark a CAGR of 6% across the evaluation period 2018 to 2023.
Increasing air traffic has intensified the demand for the equipment and is likely to exhibit a similar trend in the years to come. This, in turn, is expected to drive the expansion of the airport surveillance radar market over a couple of years. Increasing defense allocation is likely to increase its military applications in the forthcoming years.
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Rising cases of accidents in the aviation industry are projected to fuel demand for surveillance radars in the upcoming years. In addition, the increasing air travel safety provisions, coupled with the rising number of airports, is poised to encourage the growth of the airport surveillance radar market in the nearby future.
Market Segmentation:
This study offered by MRFR offers a detailed segmental assessment of the global airport surveillance radar market based on type and platform. On the basis of type, the segments of the market include primary radar, secondary radar, and others. Both the segments are anticipated to earn substantial revenues in the forthcoming years. Primary radars are used for detecting aircraft location by microwaves reflected from the aircraft's surface to the reception equipment. On the other hand, secondary radar transmits signal about the airplane's ID and elevation and reflects it on the radar screen.
On the basis of platform, the global airport surveillance radar market has been bifurcated into military and civil.
Regional Analysis:
As per the assessment done by the International Air Transport Association, by 2030 the air traffic in Asia Pacific is likely to exceed compared to that of North America and Europe air traffic. Increasing number of airports in the developing nations is poised to catapult the market on upward trajectory. North America, on the other hand, is expected to exhibit significant growth in the forthcoming years. Rising passenger traffic is prognosticated to drive the growth pace of the airport surveillance radar market in the region over the assessment period. Europe houses major manufacturing companies, which is likely to benefit the growth pace of the market in the foreseeable future.
The regional evaluation of the global airport surveillance radar market is conducted in this report on both regional as well as country-level basis. The major regional segments assessed in this MRFR report are North America, Asia Pacific (APAC), the Middle East & Africa (MEA), Europe, and Latin America. Asia Pacific is expected to hold the dominant share of the global market over the forecast period. The region has been observing a boom in the tourism industry, which has resulted in a drastic increase in air travels. This, in turn, is anticipated to boost the growth rate of the airport surveillance radar market in the region over the next couple of years.
Competitive Dashboard:
Indra (Spain), Intelcan Technosystems Inc. (Canada), Northrop Grumman Corporation (U.S.), Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), Leonardo S.p.A (Italy), Rockwell Collins (U.S.), Harris Corporation (U.S.), and Thales Group (France) are the key players operating in the global airport surveillance radar market.
Technological innovations are likely to dictate the landscape of the market over the next couple of years. This, in turn, is expected to encourage investments in research & development for the expansion of the technological capabilities of the market participants in the nearby future. The report assesses the key developments in the airport surveillance radar market such as mergers & acquisitions, collaborations, partnerships, agreements, etc. Product development and product innovations are anticipated to contribute the most towards the development of the airport surveillance market in the years to come.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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