Airborne Radars Market worth $6.0 billion by 2025

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The report provides an analysis of the airborne
radars market from 2018 to 2025. It discusses
industry and technology trends currently
prevailing in the market, along with drivers,
restraints, challenges, and opportunities that
influence the growth of the market. The
Airborne Radars Market is projected to grow
from USD 4.1 billion in 2020 to USD 6.0 billion
by 2025, at a CAGR of 8.0 from 2020 to 2025.
The airborne radars market in the North America
and Asia Pacific regions is expected to witness
substantial growth during the forecast period
due to the growing emphasis on modernizing
existing defense capabilities. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id238608221 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 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. 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. Based on dimension, 3D segment
is projected to grow at the highest CAGR during
forecast period. 3D airborne radar overcome the
challenges faced by 2D radar. They use active
electronically scanned arrays, with digital
beamforming capabilities. These radars are
critical for air defense and for applications
that require the precise coordinates of a
target. Demand for high accuracy in target
detection and fully
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automated operational capabilities are some of
the major factors driving the segment
growth. Based on application, the defense
security segment is projected to grow at the
highest CAGR during forecast period. Increasing
defense expenditure to procure advanced airborne
radar is projected to drive the growth of this
segment. 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. Key
Market Players Key players such as Lockheed
Martin Corporation (US), Northrop Grumman
Corporation (US), Thales Group (France), Hensoldt
AG (Germany), Leonardo SPA (Italy), BAE Systems
(UK), Israel Aerospace Industries (Israel), Saab
AB (Sweden), Aselsan (Turkey), Elbit Systems
(Israel) and L3Harris Technologies (US) are
supplying advanced solutions for airborne
radar. Ask for Sample Report _at_ https//www.markets
andmarkets.com/requestsampleNew.asp?id238608221
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