Market Trends

Radar Market Overview: According to a research done by Ploughshares Fund, 13,850 nuclear weapons are possessed by different countries, with the U.S. and Russia accounting for 92% of the total number. [1]  This increasing number of nuclear weapons has given rise to high security concerns. Owing to the potential threats, during the Second World War, the US navy had developed a device named RADAR, which is an acronym for Radio Detection And Ranging. Radar, an electronic detection system that uses radio waves to sense and detect objects such as  weapons , missiles, aircraft, ships, and vehicles within a specific range. It comprises antennas, emitters, transmitters, and receivers. Apart from military applications, there are several other capabilities and applications of radar in automotive, weather forecasting, air traffic control systems ocean surveillance, and other applications. The global radar market generated $24.37 billion in revenue in 2018, and the revenue is projected to grow at