The global medium radar system market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Generally, the radar systems operate through range radar systems to detect objects by using echo and radio signal waves. Since these radars are deployed to determine any possible threat detection in their specified range, their use in detecting the potential terrorist attack is maximum for defense purposes. Mid-range radars or medium radar systems are the core assets to address the wide range of such threats and challenges. The market growth is majorly attributable to the widespread usage of such radar systems in the defense vertical of various emerging economies.
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Further, the rising demand for command and control (C2) oriented configuration in the radar systems has surged the growth of the global medium radar system market globally. Various key players have also witnessed the surging demand for such radar systems from defense-intensive countries. For instance, GM200 Multi-Mission (MM) provided by Thales feature the new-generation 4D Active Electronically Scanned Array (AESA) technology, which is a unique ‘dual-axis multi-beam technology providing unrestricted flexibility in elevation and bearing. This enables the radars to provide high-end detection, tracking, and classification capabilities, offering better theatre protection.
Some key players operating in the market include Lockheed Martin Corp., Rockwell Collins Inc., and BAE Systems plc, among others. These players are focusing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships and collaborations, new product launches, and so on.
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Market Coverage
- Segment Covered-
o By Product Type
o By End-User
- Competitive Landscape: Lockheed Martin Corp., Rockwell Collins Inc., and BAE Systems plc, among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Medium Radar System Market Report Segmentation
By Product Type
- Continuous Wave
- Pulse Radar
By End-User
- Defense
- Commercial
- Others
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