Global Pulsed Radars Market to Reach $31.5 Billion by 2030
The global market for Pulsed Radars estimated at US$20.6 Billion in the year 2023, is expected to reach US$31.5 Billion by 2030, growing at a CAGR of 6.2% over the period 2023-2030. Commercial Application, one of the segments analyzed in the report, is expected to record 6.6% CAGR and reach US$17 Billion by the end of the analysis period. Growth in the Defense Application segment is estimated at 5.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.4 Billion, While China is Forecast to Grow at 9.9% CAGR
The Pulsed Radars market in the U.S. is estimated at US$5.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.7 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
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