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Radar Beacon Market<br>
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RADAR BEACON MARKET ANALYSIS Radar Beacon Market, by Product Type ( Portable, Ship borne, and Airborne), by Component Type (Antenna, Transmitter, Receiver, Others), by Application (Air Traffic Control, Radio Navigation, Missile Guidance, Outer Ballistic Measurement, Satellite Orbit Detection, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
Market Overview Radar beacon or Radar Transponder or RACON is receiver/transmitter electronic device that operates in the radar frequency of 9 and 3 GHz. The device is used to detect and identify radar targets at a fixed location. They are also used to identify the position of ships or aircraft by sending a radar signal. • Factors driving growth of the radar beacon market The increasing demand for air traffic control is expected to drive the market growth during the forecast period. This is attributed to an increase in the number of national and international travelers across the globe. There is higher preference among travelers for flights compared to railways for long distance travelling.
Key Development • In August 2019, the U.S army invested in Lockheed Martin Corporation to produce Q-53 radars. The purpose of the Q-53 is to protect war fighters by identifying and tracking the location of enemies. This radar is used to track aircrafts, drones and other threats in the future. • In November 2019, BAE Systems, a U.K based multinational defense, security, and aerospace company, received a contract to develop advanced radar jamming tech for the U.S. army. The technology will help army platforms to detect and combat threats in war fights.
Impact of COVID-19 on the Radar Beacon Market Due to the Covid-19 pandemic, several industries have witnessed a significant shift in terms of security in their businesses. Similarly, there has been a significant impact on the growth of the radar beacon market. Owing to bans imposed on international and domestic travel by several countries across the globe, there has been a decline in the growth of the aviation industry.
Key players in the Radar Beacon Market Key players operating in the radar beacon market are Northrop Grumman Corporation, Lockheed Martin Corporation, Saab AB, Collins Aerospace, Thales Group, Honeywell International Inc., L3Harris Technologies, Inc., Dassault Aviation, BAE Systems, and General Dynamics Corporation.
Segmentation of the Microcell base station construction market • On the basis of product type, the market is segmented into Portable, Shipborne & Airborne • On the basis of application, the market is segmented into Antenna, Transmitter, Receiver & Others • On the basis of region, the market is segmented into North America Europe, Asia Pacific Latin, America & Middle East & Africa
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