Doppler Radar Market to Rise to USD 9,984 Million by 2023 :

Market Overview:

Market Research Future (MRFR) has announced a new release on the global Doppler radar market. The report takes a look at the segmentation of the Doppler radar market in order to present readers with a clear, comprehensive view of the global market’s current conditions and growth prospects over the forecast period. According to the report, the global Doppler radar market is expected to rise to close to USD 10 billion by the end of the forecast period (2018-2023), rising from a valuation of USD 7,800 million in 2017 to USD 9,984 million by 2023 at a CAGR of 4.20% over the forecast period.

Doppler radar is a type of radar technology that uses the Doppler effect in its mechanism. It is particularly useful in obtaining velocity information about objects. In contrast with ordinary radar, which can be confused by the constant reflection coming from the ground, Doppler radar can filter out the constant input produced by the ground and focus on the objects that are in motion, giving it a superiority over traditional radar

The major driver for the global Doppler radar market is the growing demand for advanced radar systems to replace legacy systems currently in use in air forces all over the world. The growing defense budget in developed, as well as developing countries, is likely to drive the global Doppler radar market over the forecast period, as several developing countries are dealing with geopolitical tensions around their borders while developed nations are busy consolidating their advantage in terms of military capability over other nations.

Apart from air force and naval units, Doppler radars are also used in cars in increasing volume these days, as automotive firms look to provide the highest standards in terms of technological sophistication and its implications on user comfort and security. This is also likely to be a major driver for the global Doppler radar market over the forecast period.

Segmental Analysis:

The global Doppler radar market is segmented on the basis of type, technology, end-use industry, and region.

By type, the global Doppler radar market is segmented into pulse-Doppler radar, ground-based Doppler radar, naval Doppler radar, and airborne Doppler radar. Ground-based Doppler radar is the dominant segment in the global Doppler radar market at present; however, naval Doppler radar is likely to exhibit the highest growth rate over the 2018-2023 forecast period.

By technology, the Doppler radar market is segmented into coherent pulsed, continuous wave, and frequency modulation.

By end use, the global Doppler radar market is segmented into military and defense, aviation, space, marine, and others. Aviation is the largest contributor to the global Doppler radar market and is likely to remain in the position due to the crucial importance of advanced radar systems to aircraft. Marine application of Doppler radar is likely to grow at the highest rate over the forecast period.

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Regional Analysis
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Regionally, the market is segmented into North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.

North America is the major contributor to the global Doppler radar market due to the prominent role of the U.S. in global military purchases and technological advancement in the related sectors. The U.S. is home to several leading players in the radar industry, giving rise to a highly favorable environment for the global Doppler radar market. The defense expenditure in the U.S. is also likely to rise steadily over the forecast period and is likely to incorporate technological advancement as a major agenda, leading to favorable prospects for the global Doppler radar market.

Asia Pacific is likely to grow at the highest growth rate over the forecast period due to the growing contribution from countries such as China, India, and Korea. These and other countries in Asia Pacific have made significant commitments towards military modernization and enhancement over the last few years and are likely to remain significant parties in the global military technology market, leading to strong growth prospects for the global Doppler radar market.

Competitive Analysis:

Key players profiled in the report include Northrop Grumman Corporation (US), Rockwell Collins Inc. (US), Lockheed Martin Corporation (US), L3 Technologies (US), SAAB AB (Sweden), Honeywell International (US), Thales Group (France), General Dynamics Corporation (US), Kelvin Hughes (UK), and Exelis (US), among others.

In March 2017, the Bahamas government announced plans to install four new Doppler radars for the purpose of improving their meteorological system. These are supposed to be installed in New Providence, Grand Bahama, Long Island, and Abaco. Work on the Long Island site is expected to begin by the end of 2018.

The Australian Bureau of Meteorology announced in November 2018 plans to install a new Doppler radar in the town of Rainbow near Wimmera. This site is expected to help the Bureau cover up a significant blind hole in the Victoria region and allow farmers to remain better informed regarding likely rainfall and weather patterns that could affect the agriculture industry’s operations.