Radar Link Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Radar Link Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Radar Link Market

The radar link market size was valued at USD 1.55 billion in 2021, and the market is now projected to grow from USD 1.66 billion in 2022 to USD 2.73 billion by 2032, exhibiting a CAGR of 7.39% during the forecast period of 2022-2029.

During COVID-19, the market observed a drop in its processes. Furthermore, with a surge in digitization, the popularity of IoT, and growing demand for fiber optics cables will see a growth in market progression. Furthermore, the growing concern about firming up defence abilities leads to the rising procurement of defence equipment, which motivates the market's progression.

There has been an upsurge in the usage of Optical Fiber Cables (OFC). With the augmented bandwidth of fiber optics, optic cables have turn into the ideal transmission medium. Furthermore, due to the explosion of data traffic from numerous sources, such as the internet, electronic commerce, computer networks, and software, a transmission capable of managing higher bandwidths for such huge volumes of information, needed a medium. Fiber optic cable, with its comparatively infinite bandwidth, has confirmed to be the solution which enhances the radar link market growth.

In the traditional fiber optic method, detached optic fibers are used for each point-to-point link. Such systems need three cable sections. The system is segmented into three sections and a total of 8 fibers are used in every system. Additional method in radar systems is the hybrid RF optical method. In this arrangement, one fiber transmits all the RF signals, and another transmits all RF signals in the reverse direction. Innovative technology has the probable for substituting multi-fiber cables by carrying numerous RF signals on diverse wavelengths, comprising short-range instantaneously on a particular fiber optic, thus decreasing the weight and size of the radar system.

Comprehensive Analysis of Radar Link Market

The market can be segmented in various ways, depending on the focus of analysis such as by link type, by component and by application. Based on link type, the market is classified into electronic links and optical links. Based on component, the market is classified into antenna, diplexer, transmitter, phase lock loop, receiver, processor, and others. Based on application, the market is classified into airborne, naval, space, and land.

North America region is dominating the radar link market share due to augmented outlay on the obtaining of progressive radar systems for military solutions, and the occurrence of a huge number of hardware and software developers.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include AFL (U.S.), Amphenol Corporation (U.S.), Carlisle Companies Inc. (U.S.), Elbit Systems (Israel), II-VI Incorporated (U.S.), Ofs Fitel, LLC (U.S.), Optical Cable Corporation (U.S.), Radiall (France), TE Connectivity (Switzerland) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In June 2022, Elbit Systems propelled DAiR, an immediate multi-mission tactical radar. The DAiR is an X-band software-defined radar system that integrates hundreds of digital receivers, sophisticated algorithms, and figuring cores with artificial intelligence abilities.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2018-2029

Base Year

2021

Estimated Year

2022

Forecast Period

2022-2029

Historical Period

2018-2020

Unit

Value (USD Billion)

Segmentation

By Link Type, Component, Application, and Geography

By Link Type

Electronic Link

Optical Link

By Component

Antenna

Diplexer

Transmitter

Phase Lock Loop

Receiver

Processor

Others

By Application

Airborne

Naval

Space

Land

By Geography

North America (By Link Type, Component, Application, and Country)

• U.S.
• Canada

Europe (By Link Type, Component, Application, and Country)

• U.K.
• Germany
• France
• Russia
• Rest of Europe

Asia Pacific (By Link Type, Component, Application, and Country)

• China
• India
• Japan
• South Korea
• Rest of Asia Pacific

Rest of the World (By Link Type, Component, Application, and Sub-Region)

• South America
• Middle East & Africa

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