Global X-Band Radar Market 2016-2020

Overview of the global X-band radar market

Technavio’s market research analyst predicts the global X-band radar market to grow at a modest CAGR of close to 4% during the estimated period. A significant part of the total market growth can be attributed to the rise in sea trading, wherein, close to 10 billion tons of goods were transported. According to projections, global seaborne trade is expected to reach 24 billion tons, with China’s share of commercial vessels accounting for 25% of the global commercial fleet. To move such a volume of goods, countries will have to increase their fleets of merchant vessels. These vessels will use X-band radars to effectively navigate and avoid collision with other ships. This increase in the implementation of X-band radars in ships and harbors will lead to the growth of this market during the predicted period.

In this industry research report, the analysts have also considered the role of factors like the development and use of multi-function radar (MFR) to estimate this market’s growth potential over the forecast period. The ability of this system to detect threats posed by anti-ship cruise missiles (ASCM), support fire control requirements of standard missiles (SM2/SM-3), and horizon search/track-while-scan (HS/TWS) will lead to its increased adoption during the estimated period.

Segmentation by type and analysis of the X-band radar market

• Portable
• Non-portable