New Product Launches and Long Term Contracts are Among the Key Strategies Adopted by Leading Market Players to Catalyze Their Growth in the X-Band Radar Market
In 2015, the global X-band radar market was dominated by the Japan Radio Company Ltd. (Japan), Terma A/S (Denmark), Northrop Grumman Corporation (U.S.), and The Raytheon Company (U.S.) among others. These companies are expected to continue their dominance till 2021.
Top two players of the X-band radar market
Japan Radio Company Ltd. (Japan) operates through four major segments, namely, marine electronic equipment, communication equipment, solutions and specialized equipment, and others, wherein the marine electronic equipment segment offers communication, navigation, fishing, and remote maintenance systems. In the navigation segment, the company offers different types of radars, such as TT/ATA radar solid state radar, marine radar, ECDIS, VDR, BNWAS, GPS/DGPS, echo sounder, speed log, and multi info display. The company has, in recent years, launched many products. Thus this has broadened its portfolio of products in the defense as well as commercial markets. New product launch is the major strategy adopted by the Japan Radio Company Ltd. (Japan) to strengthen its position in the X-band radar market. In September, 2015, the company launched the new X-Band Polarimetric Compact Weather Radar with complete Solid State Technology and Weather Radar data processing software. In December, 2014 the company launched a new compact radar for commercial vehicles. The radar offers a better range performance due to its standard high output power of 4kW, and multi-speed, high performing scanners. Products such as the X-band Polarimetric Compact Weather Radar and the compact radar for commercial vehicles helped the company to widen its product portfolio, in addition to being one of the major providers of the X-band radar in the global market.
Terma A/S (Denmark) mainly provides aerospace composite structures, small satellites, and electrical ground support equipment for the aerospace, defense, and security sectors. They are also the key providers of advanced services that include the SCANTER radar and T-core command and control technology in the command, control & sensor business segments. The company has, in recent years, laid a major emphasis on contracts and agreements in order to strengthen its portfolio as well as position in the global X-band radar market. For instance, Terma A/S has signed an agreement with Northrop Grumman Corporation (U.S.) to collaborate with their naval radar market business. The initial focus would be on surveillance radars and navigation. As an initial step, Sperry Marine’s new surveillance mode VisionMaster FT radar family was integrated with Terma’s SCANTER 6002 surveillance radar. This agreement has helped the company to increase its revenue to boost its naval radar surveillance with advanced technologies.
It is also important to note that companies, such as Northrop Grumman Corporation (U.S.) and The Raytheon Company (U.S.) have made significant contributions to the overall X-band radar market. These aforementioned companies, along with Saab AB (Sweden) and Furuno Electric Co., Ltd. (Japan.), are expected to witness significant growth in the near future, primarily owing to their strategies of new product launches, long-term contracts, and agreements.
Related Reports:
X-Band Radar Market by Application (Defense, Government, and Commercial), Type (Mobile, and Sea-based X-band Radar), Array (Active Electronically Scanned Array (AESA), Passive Electronically Scanned Array (PESA), and Region - Global Forecast to 2021
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
