Lucintel Forecasts the Global Over the Horizon Radar Market to Reach $1.8 billion by 2030
Lucintel Forecasts the Global Over the Horizon Radar Market to Reach $1.8 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global over the horizon radar market looks promising with opportunities in the airborne, land based, and naval radar system markets. The global over the horizon radar market is expected to reach an estimated $1.8 billion by 2030 from $1.2 billion in 2023, at a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are rising demand for early warning systems, growing focus on border security and surveillance, and emergence of 3D radar system.
A more than 150-page report to understand trends, opportunity and forecast in over the horizon radar market to 2030 by product type (surveillance & airborne early warning radar, tracking & fire control radar, multi-function radar, synthetic aperture & moving target indicator radar, and others), component (antenna, transmitter, duplexer, receiver, and others), platform (airborne, land based, and naval radar system), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that surveillance & airborne early warning radar will remain the largest segment over the forecast period due to its critical role in long-range detection and monitoring of air and maritime activities.
Within this market, land based will remain the largest segment due to the widespread use of over the horizon radar in various applications such as defense, surveillance, and weather monitoring on the ground.
Download sample by clicking on over the horizon radar market
North America will remain the largest region over the forecast period due to high level of defense spending and presence of key players in the region.
Lockheed Martin, Raytheon, Northrop Grumman, Saab, Thales, BAE Systems, Israel Aerospace Industries are the major suppliers in the over the horizon radar market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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