Uploaded on Jun 3, 2024
The Radar Market is projected to reach $38.4 billion by 2029, at a CAGR of 7.6% from 2022 to 2029. The growth of this market is attributed to the rising demand for radar systems in automotive and defense industries, the surge in demand for advanced weather monitoring radar systems, and the development of phased array solid-sate radar. Furthermore, the increasing investments by governments to upgrade aircraft radar systems and the rising adoption of radar-based unmanned aerial vehicles are expected to create significant opportunities for the players operating in this market.
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