Airborne Surveillance System Market Brief Overview by Research Cosmos
Airborne Surveillance Systems is an aircraft-mounted radar that is primarily designed for surveillance, most commonly the maritime surveillance, defence surveillance, etc.
Airborne Surveillance System Market Size and Growth Rate:
Airborne Surveillance System Market was valued at USD xx million in 2018 and projected to reach USD 2980 million by 2023 growing at a CAGR of 3.8% during the forecast period 2018 to 2023.
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Airborne Surveillance System Market Growth Drivers and Restraints:
Fire control radar is used as a weapon control that guesstimates the coordinates of a target and informs the systems installed on the missiles. Despite the presence of competitive problems, due to the global recovery trend, investors are still optimistic about this area; the future will still have more new investment enter the field.
The increase in adoption of AESA-based systems in the airborne radar can operate in different frequency bands, enabling efficient tracking of the targets at one time. Therefore, the transition of technology towards AESAs would increase the demand for radar systems in the future.
Geographical Overview of Airborne Surveillance System Market:
North America is the largest region with a sales value share of 45.81%. The main consumer countries for these systems are from developing regions of Asia Pacific and Africa.
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Key Players of Airborne Surveillance System Market:
Some of the leading market players of Airborne Surveillance System Market are Airbus (France), Boeing (US), Saab (Sweden), BAE Systems (UK), Raytheon (US), Lockheed Martin (US), Leonardo (Italy), FLIR Systems (US) and others.
Airborne Surveillance System Market Segmentation:
By Product:
- LiDAR
- Radar
- Imaging System
By End Users/Applications:
- Commercial Use
- Military, Defense and Security
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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