ID: MRFR/SEM/7082-HCR | February 2021 | Region: Global | 111 pages
The Radar Transmitter Market is estimated to reach USD 3.82 Billion by 2025, registering a CAGR of 6.4% during the forecast period of 2019–2024.
Radar transmitter is an electronic device used in the production of electronic waves and signals for illumination of the target. These devices also transmit signals according to their applications, with specific power and required characteristics. Moreover, these devices are also used for measuring the level of liquid or solid at any point of time. The increasing development of military and defense sector is one of the major factors driving the growth of the radar transmitter market globally. Radar level transmitter, a type of radar transmitters, is used for measuring the level of liquid after calculating the time of flight of the traveling wave similar to that of ultrasonic level sensors. However, the radar transmitter utilizes radio waves for measuring the level or the difference between the objects.
The demand for radar transmitter is increasing based on their applications for different industrial verticals. The increasing need for wireless detection systems and level monitoring systems is considered as one of the major factors driving the market. The radar transmitters are also classified as oscillators and power amplifiers. In October 2019, a radar system was developed to detect 250,000 tiny pieces of space junk, which can cause trouble to the astronauts and satellites present in the earth’s orbit.
The need for continuous level monitoring and wireless detection systems for level measuring in industries is primarily driving the level transmitter market. Features such as ease of installation and remote deployment are propelling the market for global level transmitters.
The Global Radar Transmitter Market has been segmented based on type, frequency range, industrial vertical, and region.
By type, the market has been segmented into contact type and non- contact type.
By frequency range, the market has been segmented into C and X band, K band, W band, and others.
By industrial vertical, the market has been segmented into military & defense, oil & gas, chemical, mining, water waste treatment, food & beverages, telecommunication, and others
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Global Radar Transmitter Market, 2017–2024 (USD Billion)
Source: MRFR Website
The Global Radar Transmitter Market is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of radar Transmitter has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and the rest of the world (the Middle East and Africa and South America).
North America held the largest market share in 2018 due to the presence of various key vendors such as Emerson Electric Co.(US), Lockheed Martin Corporation, General Dynamics Corporation, Rockwell Collins and others which provide various radar transmitters to the various industries such as military & communication, mining, oil & gas, chemical, and pharmaceuticals. Additionally, the growing economy and investments made by the companies are in the market is also considered as a major factor for driving the market. Additionally, the government in the region invests heavily in the development of military communication systems, which is a factor driving the radar transmitter market. However, the Asia-Pacific is expected to be the fastest-growing regional market in the market due to increasing investments made by the telecommunication companies in the region
MRFR recognizes the Key Players in the Global Radar Transmitter Market as Emerson Electric Co.(US), Lockheed Martin Corporation (US), BAE Systems plc (UK), Rheinmetall AG (Germany), General Dynamics Corporation (US), Saab Group (Sweden), Rockwell Collins (US), ABB Limited (Switzerland), Endress+Hauser Management AG (Switzerland),Siemens AG (Germany),VEGA Grieshaber KG(Germany), among others.
The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There have been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
Frequently Asked Questions (FAQ) :
The radar transmitter market is anticipated to mark 6.4% CAGR.
The radar transmitter market, by 2025, is projected to touch USD 3.82 Bn.
The type based segments of the radar transmitter market are contact type and non- contact type.
On the basis of frequency range, the segments of the radar transmitter market are K band, C and X band, W band, and others.
Emerson Electric Co.(US), BAE Systems plc (UK), Lockheed Martin Corporation (US), Rheinmetall AG (Germany), Saab Group (Sweden), General Dynamics Corporation (US), Rockwell Collins (US), Endress+Hauser Management AG (Switzerland), ABB Limited (Switzerland), Siemens AG (Germany), and VEGA Grieshaber KG(Germany) are the key players of the radar transmitter market.