Surge in Defense budgets promotes Europe Aerospace and Defense Radar Market

Market overview:
The global Europe Aerospace and Defense Radar Marketwas worth USD xx billion in 2020 and is foreseen that it will reach a valuation of USD xx billion by 2025 at a CAGR of xx% during the outlook period.

Aerospace and defense radar are an electromagnetic system that detects the position and distance of an object and uses radio waves to determine the angle, extent, and speed of objects within a radius. Aerospace and defense radars consist of transmitters that generate electromagnetic signals that are radiated into space by antennas. It is used to predict and detect aircraft, spacecraft, weather, missiles, and other types of vehicles. They are mainly used in industrial applications such as object recognition and tracking, speed monitoring, collision prevention with static and moving objects, area and distance monitoring due to their high robustness in speed measurements, distance and angle compared to Optical or ultrasonic system.

Recent Developments:
In April 2019, Italian defense contractor Leonardo S.p.A. acquired Vitrociset, which is the manufacturer of electronic components.
https://www.army-technology.com/news/leonardo-acquisition-vitrociset/

Market Drivers and Restrains:
The growth of the Europe Aerospace and Defense Radar market is expected to accelerate further as security concerns and defense budgets increase in many countries around the area. Expansion of investment activities to strengthen the military, especially in developing countries, is likely to support the market forAerospace and Defense Radar system in this locale in the future. Additionally, technological advances in radar systems leading to the development of lightweight radars have the potential to contribute to market value growth in the coming years. The widespread use of radar systems in the aviation industry to track aircraft and control air traffic leads the market for Europe Aerospace and Defense Radarworldwide.

The increasing use of unmanned aerial vehicles and drone systems for security purposes will accelerate the growth of the Europe Aerospace and Defense Radar market. Furthermore, the arrival of new terminals and airports is supposed to drive the growth of the Europe Aerospace and Defense Radar market during the outlook period. Technical incompatibility between mean transmitter power and antenna size tends to lead to poor performance. Apart from this, other technical issues that affect radar performance are higher receiver noise and lower radar sensitivity. However, the high costs involved in installing and maintaining the system are limiting the Europe Aerospace and Defense Radar market.

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Report is segmented as:
By application type, the military is expected to remain the largest application in the Europe Aerospace and Defense Radar market over the foreseen period. Civil applications are expected to show the highest growth during the same period, driven by increased acquisition of radar systems by commercial aviation and increased use of UAVs for navigation and surveillance in major countries around the world.

Depending on the type of technology, pulsed radar occupied the largestmarket share in 2019 and is anticipated to grow at the highest rate during the prediction period.
By component type, the Europe Aerospace and Defense Radar market is segmented into receivers, antennas, and transmitters. The antennas are likely to remain the largest component type during the envisioned period.

Geographical Segmentation:
Europe is estimated to contribute the second largest revenue share over the next few years. This may be due to manufacturing bases, multiple small businesses, increased adoption of radar technology, and surge in maritime trade in the region.

Impact of COVID 19 on Europe Aerospace and Defense Radar Market
The radar is used for security and surveillance applications to make sure people are complying with lockdown restrictions. Battlefield radar can be modified for biomedical purposes to identify symptoms of coronavirus disease by determining heart rate and breathing patterns. Many companies install radars to check the occupancy of meeting rooms to maintain social distancing and monitor the heart rates of people in the meeting room.

Key market players:
Some of the leading companies operating in the Europe Aerospace and Defense Radar market are BAE Systems, Airbus Defense and Space, Exelis, Honeywell International, General Dynamics, Lockheed Martin Corp., Israel Aerospace Industries, Finmeccanica, Raytheon Corp., Rheinmetall AG, Rockwell Collins Saab, Northrop is. Grumman, Reutech Radar Systems and Thales Group.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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