Global X-Band Radar Market to Reach $7.6 Billion by 2030
The global market for X-Band Radar estimated at US$5.9 Billion in the year 2023, is expected to reach US$7.6 Billion by 2030, growing at a CAGR of 3.8% over the period 2023-2030. Mobile-Based X-Band Radar, one of the segments analyzed in the report, is expected to record 4.3% CAGR and reach US$5.1 Billion by the end of the analysis period. Growth in the Sea-Based X-Band Radar segment is estimated at 2.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 3.4% CAGR
The X-Band Radar market in the U.S. is estimated at US$1.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 3.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 3.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
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