Global Marine Radar Market: Overview
A marine RADAR is a ranging and detection system that picks up signals from objects several hundred feet or several miles away from your boat. The RADAR system sends out a signal in the form of a sound wave. This pulse is sent out from the RADAR dish on top of your boat. When the signal is reflected by an object, the RADAR computer determines how far away it is and where it is located. A radio wave is transmitted and received back by the scanner. The time is calculated between transmission and receiving back this wave. The speed of the radio wave is known and thus the receiver unit calculates the distance of the target. After processing, it displays this information on the display screen. The rotating scanner also calculates the bearing of the target and displays on the radar screen. It determines the spread, angle, and speed of the object falling within its radius. It is also used to forecast and detect the spacecraft, aircraft, missiles, weather, and other form of vehicles.
The report provides and analysis of the market competition that could be experienced by players. The report discusses possible market entry strategies for new participants and business paths that existing players could take. The report is an all-encompassing study of the marine radar industry, its drivers, challenges, and key trends that the market is likely to witness.
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Global Marine Radar Market: Key Trends
RADAR was initially developed for defense and military purposes but with upcoming technologies and innovation, it finds its application in air traffic control, astronomy, air-defense system, anti-missiles systems, marine, aircraft anti-collision system, meteorological monitoring, and more.
The main factor that is driving the marine radar market is the increasing demand for the weapon guidance and surveillance. The purchasing power of the people has increased which has, in turn, increased the marine tourism thus increasing the demand for pleasure boats and luxury boats which need to be installed with the marine radars. This factor has significantly increased the demand of marine radars in the global market. The government is also supporting by making it mandatory the installation of marine radars in the ships and boats so that marine collision are avoided.
Advanced RADAR systems are used for digital signal processing and are helpful to extract useful information from high noise level. Introduction of new types of RADAR system has enhanced the development in technology, thus helping countries when it comes to security issues. Major factors that are driving the global RADAR market are increase in demand for the RADAR system and investment in defense due to increase in security related issues. However, adverse climatic condition, which sometimes results in malfunctioning of the RADAR system restricts the market growth.
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Global Marine Radar Market: Market Potential
New types of RADAR systems with different characteristics have emerged recently, which have led to increase in demand for RADAR systems. The different types of RADAR systems are airborne ground surveillance RADAR that through use of the newest ultra-high-resolution RADAR technology can inspect wide areas and stationary targets while at the same time detecting and tracking moving targets at great distances.
Global Marine Radar Market: Regional Outlook
On the basis of geographical segmentation, the global marine radar market has been segmented into five major regions- Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.
Global Marine Radar Market: Competitive Analysis
The key market players that are involved in the marine radar market include Lockheed Martin Corporation, Raytheon Company, Raymarine Inc., Terma A/S, West Marine, Furuno Electric Co. Ltd., Northrop Grumman Corporation, Saab Group, Kelvin Hughes, and BAE Systems.
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