South America Radar Systems Market – Size, Outlook, Trends and Forecast (2024

South America Radar Systems Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Radar is used to detect the range, angle and velocity of the objects. The increased use of UAV’s in military and defence is the primary factor driving the market growth. The radars play a significant role in war zones, which can be mounted on the vehicles to detect the enemy positions and helps ion tracking their movements. Radars equipped with the latest technologies and procures the quality detector equipment and defence vessels which is boosting the market growth.

South America Radar Systems Market Size:

South America Radar Systems market is poised to reach the value of $XX billion in 2024 from $XX billion in 2017, growing with the CAGR of XX%. Key points like increased use of radars for uncrewed vehicles, the emergence of modern warfare systems such as electronic warfare and network-centric warfare, increased R&D investments by automotive industry to improve the safety and comfort aspects in vehicles and improved capabilities of radar systems resulting in higher efficiency are driving the market growth. Whereas the facts like high cost incurred in the development of radar systems, government rules and regulations related to bandwidth allocation for commercial applications and system vulnerability due to electromagnetic jamming of sensors and noise interruption are hampering the market growth. The market has opportunities like the development of autonomous vehicle technology and development of low-cost and miniaturised radars.

South America Radar Systems Market Share:

The market is segmented as by

South America Radar Systems Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

component, by range, by technology, by application and by geography. By the component, the market is classified into antenna, receiver and transmitter. The antenna is the fastest growing segment owing to the various technological advancements. For example, the limitations of the conventional radars will be overcome with the newly incorporated array technology which has made the surveillance to be more effective. By range, the market is segmented into short range radars, medium range radars and long-range radars. Long range radar is dominating the market growth owing to the adoption of these radars in the defence and armies of various developed and developing countries to receive/transmit the information. Short-range radars are fastest growing due to increased usage in the commercial applications. By technology, the market is classified into pulsed radar and CW radar. Pulsed radar segment is expected to lead the market due to increased use of the pulsed radars for efficient and accurate object detection and range estimation. By application, the market is segmented into defence and commercial applications. The commercial segment is expected to lead the market owing to the increasing usage of radars for various industries like automotive and oil & gas. By geography, the market is classified into Brazil, Argentina and others. Brazil and Argentina are the promising markets in the regard of radar systems.

South America Radar Systems Market Trends:

RRS launched the family of LPI radars which

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South America Radar Systems Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

are low-cost, lightweight and modulated continuous wave radars.

Lockheed Martin has announced the expansion of its base in Orlando and is in a plan to hire 1,800 people in next two years.

South America Radar Systems Market Research Reports Includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOTanalysis, and Y-o-Y analysis.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Identifying DROCin the current market and their impact on altering market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
Lockheed Martin Corporation
Weibel Scientific A/S
Northrop Grumman Corporation
Honeywell International Inc.
Rockwell Collins, Inc.

Along with these companies, there were many other companies are considered in the report while analysing the South America Radar Systems market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.

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