In today's society, technology is being used more frequently to solve problems and increase performance. These millimetres wave (mmWave) frequencies hold promise for fulfilling the most difficult needs in a variety of industries, including aviation and defence. Defense businesses have spent years researching 5G communication solutions for a variety of applications with similar needs. Solutions are moving to 28 GHz and 39 GHz in telecommunication lines, where the demand for increasing data rates continues to outstrip present methodologies.
MARKET SCOPE
The "Global Aerospace & Defense mmWave Radars Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aerospace & defense mmWave radars market with detailed market segmentation type, application and geography. The report provides key statistics on the market status of the leading aerospace & defense mmWave radars market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the type, the market is segmented into long-range radars (LRR) and short-range radars (SRR).
- Based on application, the market is segmented into military fire control radar, airport security scanners, short range wireless networks, military counter measures and others.
MARKET DYNAMICS
Drivers:
- Increasing Military Spending
- Increasing Development of Automotive Radar Enhances Advanced Driver Assistance Systems
Restraints:
- Challenges such as Vulnerability to External Interferences
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aerospace & defense mmWave radars market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the aerospace & defense mmWave radars market in these regions
IMPACT OF COVID-19 ON AEROSPACE CONDITION MONITORING MARKET
The aerospace industry was at its peak until 2019, with unceasing demand and unfulfilled orders. Millimeter wave technology penetration in the aerospace industry will develop, owing to the rapid construction of supporting 5G infrastructure in key countries since the pandemic. For instance, the Federal Communications Commission (FCC) voted in November 2020 to reallocate a portion of the 5.9 GHz Safety Spectrum that had previously been set aside for Dedicated Short Range Communications (DSRC). The development of cellular vehicle-to-everything (C-V2X) systems will be accelerated as a result of this. 5G will provide significantly lower latency, faster speeds, and increased capacity. In terms of C-V2X applications, this will result in increased safety features as well as a bigger number of cars interacting simultaneously without service interruptions. Hence, COVID-19 had a minimal impact on the market.
MARKET PLAYERS
The report covers key developments in the aerospace & defense mmWave radars market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aerospace & defense mmWave radars market are anticipated to lucrative growth opportunities in the future with the rising demand for aerospace & defense mmWave radars in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aerospace & defense mmWave radars market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Analog Devices, Inc.
- Mistral Solutions Pvt. Ltd.
- Texas Instruments
- Keysight Technologies- Virginia Diodes Inc.
- Honeywell International
- Millimeter Wave Products Inc.
- Filtronic plc
- Arralis
- Virginia Diodes