The Business Research Company’s Radars And Weapons Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
Radars and weapons industry includes establishments that manufacture radars and weapons for civilian and military purpose. Radars operate in the ultra-high-frequency (UHF) or microwave part of the radio-frequency (RF) spectrum, and these radio waves used to determine the range, angle, or velocity of objects such as aircraft, spacecraft, guided missiles, ships, motor vehicles, weather formations, and terrain. The types of weapons manufactured by companies in this market are small arms and ammunition, bombs, rockets and rocket launcher, torpedoes and other military knives.
The top five companies covered are Lockheed Martin Corporation, BAE Systems PLC, Raytheon Company, Northrop Grumman Corporation, and Boeing. Lockheed Martin Corporation was the largest company in the radars and weapons manufacturing market in 2017.
Use of passive radars are gaining traction in the market due to its advantages across wide range of defense and civil applications and cost effectiveness. Passive radars use the existing electromagnetic signals from the atmosphere to support imaging and tracking capabilities, whereas the regular/active radar sends out electromagnetic signals to the target and receives reflected signals from the target.
The radars and weapons manufacturing market is segmented into Weapons and Radars.
Radars is a system for detecting/tracking the presence, direction, distance, and speed of objects such as aircraft, ships, and other objects.
Weapon industry comprises establishments engaged in the manufacturing of weapons such as small arms and ammunition and/or ordnance accessories, bombs, depth charges, rockets (except guided missiles), rocket launcher, grenades, mines, torpedoes and other military knives and other non-gun powder weapons.
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Dynamics of the global aerospace and defense industry in the recent years has shown a high need for global companies to build relationships with defense agencies due to the rise of financial funding from the government in the defense sector. In 2018 the USA defense budgets were expanded, while the European Ministers of Defense started joining together as a bloc to increase investments in military equipment in the European Union. The Business Research Company expects the revenues of the aerospace and defense industry to grow to $1 trillion by 2022.
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This post was originally published on Crypto Journal