Airborne Radars Market to Witness the Highest Growth in APAC Region

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Airborne Radars Market to Witness the Highest
Growth in APAC Region The Airborne Radars Market
is projected to grow from 4.1 billion in 2020 to
6.0 billion by 2025, at a CAGR of 8.0 from 2020
to 2025. Some of the factors that are expected to
fuel the growth of the airborne radars market
include the increasing focus on obtaining precise
intelligence during airborne surveillance to
support decision making process. COVID-19
Impact on the Global Airborne radars
market The airborne radars market includes
major players such as
Lockheed Martin (US), Northrop
Corporation Grumman
Corporation (US), Thales Group (France),
Israel Aerospace Industries (Israel), Leonardo
SPA (Italy), BAE Systems (UK), Hensoldt AG
(Germany), Saab AB (Sweden), Aselsan (Turkey),
Elbit Systems (Israel) and L3Harris Technologies
(US). These players have spread their business
across various countries includes North America,
Europe, Asia Pacific, Middle East, and Rest of
World. COVID-19 has impacted their businesses as
well. Download PDF Brochure _at_ https//www.marketsa
ndmarkets.com/pdfdownloadNew.asp?id238608221 The
rapid spread of COVID-19 in Europe, the US Asia
Pacific has led to a significant drop in overall
defense related budget allocations which led to
depleted interests in military modernization
programs globally. This resulted into stagnant
demand for airborne radar globally, with a
corresponding reduction in revenues for
various airborne radar providers across all
markets owing to late delivery,
manufacturing shutdown, and limited availability
of equipment. As per industry experts, the global
airborne radar demand is anticipated to recover
by 2022 fully. Based on component, the digital
signal processor segment is projected to grow at
the highest CAGR during the forecast period. The
growth in the airborne radars market is expected
to drive the growth of these different components
proportionately. The requirement of advanced
radar systems, as well as upgradation and
modernization of conventional radar, will help
grow the market for radar components. Thus, the
growth rate of multiple components, such as
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transmitters, receivers, and power amplifiers, is
expected to be in a similar range during the
forecast period. Based on platform, the UAVs
segment is projected to grow at the highest CAGR
during forecast period. Based on platform, the
UAVs segment is projected to grow at the highest
CAGR during forecast period. The demand for
sophisticated airborne radars to support airborne
surveillance activities through UAVs by several
defense organizations is driving the UAVs segment
growth globally. Based on technology, the
software-defined radar (SDR) segment is projected
to grow at the highest CAGR during forecast
period Growing demand for versatility of airborne
radar in processing various tasks, such as signal
generation, filtering, up and down conversion,
etc., through software is driving the growth of
this segment. Northrop Grumman Corporation (US),
Lockheed Martin Corporation (US), Leonardo SpA
(Italy) and BAE Systems (US) are some of the
major players that offer technologically advance
airborne radars. The airborne radars market in
Asia Pacific is projected to grow at the highest
CAGR from 2020 to 2025. The Asia Pacific airborne
radars market is projected to grow at the highest
CAGR during the forecast period. The growth of
the Asia Pacific airborne radars market is
primarily driven by increasing focus on
modernization of existing military systems by
major economies in this region. In addition,
factors including increasing geopolitical
tensions and increased defense related
expenditure are expected to drive the demand for
airborne radar in the region. Ask for Sample
Report _at_ https//www.marketsandmarkets.com/request
sampleNew.asp?id238608221
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