DUBLIN--(BUSINESS WIRE)--The "Shipborne Radars Market - Market Size & Forecasting (2017-2028)" report has been added to ResearchAndMarkets.com's offering.

The market for ship borne radars was valued at USD 6,577.28 million in 2020, and is expected to grow at a CAGR of 5.3 percent over the forecast period.

Increasing cross-border marine emergencies, pirate attacks, and territorial conflicts, among other things, are making the world's oceans increasingly perilous. As a result, every boat should have a radar.

The newly analyzed market analysis on the shipborne radars market gathers a comprehensive in-depth assessment and market research to unveil key market components to facilitate prudent market deductions assist with continued growth production decisions, and lucrative revenue streams.

A detailed overview of the key elements that result in enhanced consumer assessment across timelines is included in the market review for the shipborne radars market. It also reflects on historical events, analyzing current events to conform to positive results, organizing future-ready business discretion effectively, and sustainable revenue chains.

The Asia Pacific shipborne radars market is predicted to grow at a CAGR of 5.9% over the COVID-19 period.

The Asia Pacific region will account for the largest share of the worldwide shipborne radars market. Rising usage of radar technology and increased maritime trade are two reasons driving the growth of this geographical industry. Some of the major markets in North America and Europe are also typical suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. The major companies in this market have their headquarters in North and Europe.

The development of radar systems in the region is projected to be aided by these reasons. Furthermore, the region's rising territorial disputes are necessitating the development of enhanced shipborne radar systems that can operate across sea borders

Report Insights

At present, the seas across the globe are becoming increasingly dangerous due to rising cross-border maritime contingencies, pirate attacks, and territorial disputes, among others. Radars are, therefore, a must on every boat. The shipborne radars are installed on military, defense, and cargo ships, as well as on container ships, to detect enemy warheads, aircraft, and ships, and to assess weather conditions.

The major factor that is driving the demand for shipborne radars is the encounter of maritime activities. Currently, pirate attacks or cross-border attacks via sea have escalated across the globe. Recently, eight pirates armed with machine guns boarded a product tanker about 196 nautical miles southwest of Bayelsa, Nigeria. Such incidents are anticipated to fuel the growth of the shipborne radar market.

Cruise and cargo ship manufacturers are now integrating their ships with radar systems to protect them from all threats and also to track objects in the sea. Moreover, the shipborne radar system is increasing the interest of ship manufacturers in integrating modern enhanced technology into the current system as well as into the new vessels.

Key Topics Covered:

1 Market Abstract

2 Market Introduction

3. Research Practice

4 Key Related Data

4.1 Competitive Benchmarking

4.1.1 Product Positioning

4.1.2 Regional Reach Positioning

4.2 Major Investments in Last Five Years by Global Players

4.3 Key Industry Trends in Major Countries

4.3.1 U.S.

4.3.2 China

4.3.3 India

4.3.4 Japan

4.4 Technological Advancements

4.4.1 Broadband Radar and Multifunctional Rf-Systems

4.4.2 Digital Front Ends

4.4.3 Distributed Aperture Radar Systems

4.4.4 Passive Coherent Location Radar

4.4.5 Multiple-In Multiple-Out (Mimo) Radar Systems

4.5 Guidelines & Regulations

4.6 Covid- 19 Impact on Shipborne Radars Market

5 Impact Factor Analysis

5.1 Drivers/Restraints/Opportunities/Challenges

5.1.1 Drivers

5.1.1.1 Increasing Pirate Attacks Via Seas

5.1.1.2 Implementation of Advanced Technologies

5.1.2 Restraints

5.1.2.1 High Cost of the Shipborne Radar Systems

5.1.2.2 Range Limitation of the Radar

5.1.3 Opportunities

5.1.3.1 Increasing Investments in Naval Forces

5.1.4 Challenges

5.1.4.1 Extreme Weather Conditions Hampering the Accuracy of Radars

6 Market Development Analysis

6.1 Overview

6.2 New Product Launch (2015-2021)

6.3 Mergers and Acquisitions (2015-2021)

6.4 Partnerships/Agreements/Collaborations (2015-2021)

7 Shipborne Radars Market, by Type

7.1 Introduction

7.2 Microwave Radars

7.3 High Frequency Radars

7.4 Infrared Radars

8 Shipborne Radars Market, by Application

8.1 Introduction

8.2 Defense Ships

8.3 Cargo Ships

8.4 Cruise Ships

9 Shipborne Radars Market, Regional Analysis

9.1 Introduction

10 Company Profile

10.1 Company Overview

10.2 Financial Overview

10.3 SWOT Analysis

10.4 Product Overview

10.5 Key Developments

• Northrop Grumman Corporation
• Raytheon Technologies Corporation
• Hensoldt UK
• L3Harris Technologies Inc.
• Reutech Radar Systems
• Saab Ab
• Thales Group
• Bae Systems plc
• Lockheed Martin Corporation
• Israel Aerospace Industries Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/f7n3cq

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