Global Surveillance Radars Market: Key Highlights
Global Surveillance Radars Market: Key Market Dynamics
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Global Surveillance Radars Market: Regional Overview
The region is witness to increase the demand of the market in the projected period with the high market share. Whereas, with the advancement in the modernization of the aircraft and ships will lead to significance growth of the market in the region. However, the region consists of major original component manufacturers (OCMs) and original equipment manufacturers (OEMs) such as Raytheon Company, L3Harris, and various other will create an advantage of the market adoption rate in the region.
Hence, the extensive R&D spending in the aerospace & defense industry is also propel the demand for the market in the forecast period. Also, with the growing in development of surveillance towers across the US-Mexico border is projected to fuel the growth of the surveillance radars market in region in the forecast period.
The region is projected to witness the high growth in ground surveillance radar market with initiatives taken by countries in the region such as China, India, and Japan. Also, with the growing adoption of radar security systems in the region will improve the demand of the market. Whereas, the region is also engaged in improving security and surveillance capabilities for the growth and development of the countries. Hence, the increasing aerospace and military spending is also boost the market growth. These may lead to increase the market adoption in the forecast period.
Global Surveillance Radars Market: Key Players Overview
The company is an American aerospace, security, arms and advanced technologies company. Also, it is a global security company which major research, design, and integrates advanced technology products and services. The company radars is being designed with the highest degree of commonality and fully integrated SSR systems. Also, it being operate in all environments, are available in highly mobile configurations, and are deployed globally.
Hence, in 2019 the company are jointly pursuing the US Federal Aviation Administration Spectrum Efficient National Surveillance Radar (SENSR) contract for the advancement of the US surveillance and air traffic control radars.
The HENSOLDT is Multinational Corporation which mainly works on sensor technologies for protection and surveillance missions in the defense. Whereas, in 2019, the company secured a contract with worth USD 22.8 million from the Norwegian Coast Guard for the purpose to supply of the advance version of its TRS-3D naval radar and Monopulse Secondary Surveillance Radar (MSSR) 2000 I IFF system.
Hence, the company supplier customers all over the globe with air traffic control and IFF solutions for military and civilian applications.
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