Short Range Radar System Market was valued at USD 1.75 Billion in 2022 and is projected to reach USD 3.50 Billion by 2030, growing at a CAGR of 9.1% from 2024 to 2030.
The Short Range Radar System market was valued at approximately USD 2.5 billion in 2022, with a compound annual growth rate (CAGR) of 8.7% projected from 2023 to 2030. This growth is driven by increasing adoption across various sectors such as automotive, aerospace, and industrial automation. The automotive sector, in particular, is witnessing a significant surge in demand for advanced driver-assistance systems (ADAS), which are heavily reliant on short-range radar technology for functionalities such as collision avoidance and parking assistance. Additionally, advancements in radar technology and declining costs are contributing to the expansion of this market.
Opportunities in the Short Range Radar System market are bolstered by the rapid development of autonomous vehicles and the rising need for improved safety features. Emerging markets in Asia-Pacific and Latin America are expected to witness substantial growth due to increasing industrial activities and infrastructure development. Moreover, ongoing research and development efforts to enhance radar accuracy and integration with other sensor systems are opening new avenues for market expansion. These factors collectively position the market for robust growth and innovation in the coming years.
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Lockheed Martin
Rockwell Collins
BAE Systems
ASELSAN
Thales
Reutech
Robin
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Short Range Radar System Market
Defense
Commercial
Others
Based on Types the Market is categorized into Below types that held the largest Short Range Radar System market share In 2023.
CW Radars
Pulsed Radars
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Short Range Radar System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Short Range Radar System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Short Range Radar System Market, By Type
6. Global Short Range Radar System Market, By Application
7. Global Short Range Radar System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Short Range Radar System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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