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Author: Asif Anwar
Publication Date: Nov 27 2014
Pages: 14
Report Type: Data Table, Excel
Defense

Space Radar Market and Technology Forecast 2013 - 2023



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Report Summary:

Strategy Analytics forecasts the space radar market will grow to over $1.6 billion in 2023, representing a CAGR of 3.8%. The fastest growth will be exhibited by the Asia-Pacific region followed by demand from Europe and CALA both growing at the second fastest rate. The overall number of radar shipments will be relatively small compared to other markets, but demand driven surveillance and earth observation/remote sensing applications translate to shipment growth through 2023 at a CAGR of 3.8%. In terms of frequency segmentation, radars operating at X-band will represent the bulk of the space radar market. While the number of systems is small, space quallified components command a premium which will translate to the resulting demand growing at a CAGR of 5.8% to reach almost $369 million in 2023.

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