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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. The radar signal will be displayed on the ship’s radar screen in coded form and give information regarding the range and bearing of the beacon. When the beacon receives a radar signal, it transmits the signal with the same frequency and displays the image on the radar display screen. The radar beacon finds applications in air traffic control, radio navigation, military purposes, satellite orbit detects, and others.

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. As a result, most passengers prefer to travel by air to save time. The radar beacon is used in aircraft for monitoring and surveillance purposes to ensure the safety of the passengers. Moreover, manufacturers of aircraft are now focusing on developing safety systems and deploying radio detection systems to facilitate air traffic control and ensure passengers' safety. For instance, according to Coherent Market Insight’s analysis, in India, the number of passengers travelling by air reached 20 million in 2019 from 12.3 million in 2015.

The increasing demand for security in military applications is also expected to drive the market growth during the forecast period. This is attributed to growing focus of governments in countries such as China and India on developing equipment and the rising investment in military operations. Due to increasing threats of attacks and border security, several countries are increasing their spending on military operations. For instance, in May 2017, China developed J–31 prototype stealth fighter planes with enhanced radar systems which have supercruise capabilities and replaced the old F–35 fighters. The supercruise capability allows aircraft to fly at supersonic speed without using its afterburner which consumes large amounts of fuel. Moreover, increasing instances of border infiltrations, inter-country conflicts, and terrorist activities are expected to facilitate the growth of the radar beacon market. Thus, all these factors are expected to drive market growth during the forecast period.

Regional analysis of radar beacon market

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to account for the largest market share during the forecast period owing to the presence of key players in the region such as Northrop Grumman Corporation, Lockheed Martin Corporation, Saab AB, Collins Aerospace, Honeywell International Inc. and L3Harris Technologies, Inc. Moreover, increased spending on innovative technologies, the growing use of radar technologies, and the increasing demand for early detection is expected to drive the market growth.

The market in Asia Pacific is also expected to witness significant market growth owing to factors such as the increasing adoption of radar technology and growing sea trade which are expected to drive the market growth. Furthermore, government funding and investment in the aviation sector are also expected to drive demand for radar beacons. For instance, according to the Civil Aviation Administration of China (CAAC), in December 2018, the government announced plans to build 450 airports to improve accessibility of air travel in China.

Key Developments:

  • 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 warfighters 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 warfights.

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. Most of the people are staying at home and followed social distancing to contain the spread of coronavirus. These factors are expected to lower demand for radar beacons in the airline industry. The radar beacons are used in airline industry for surveillance, monitoring, and safety of the passengers. For instance, according to The International Air Transport Association (IATA), revenue losses between US$ 63,000 million and US$ 113,000 million are experienced in the global air transport 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 Radar Beacon Market

The radar beacon market is segmented on the basis of product type, component type, application, and region.

  • On the basis of product type, the radar beacon market is segmented into:
    • Portable
    • Ship borne
    • Airborne
  • On the basis of component type, the radar beacon market is segmented into:
    • Antenna
    • Transmitter
    • Receiver
    • Others
  • On the basis of application, the radar beacon market is segmented into:
    • Air Traffic Control
    • Radio Navigation
    • Missile Guidance
    • Outer Ballistic Measurement
    • Satellite Orbit Detection
    • Others
  • On the basis of region, the radar beacon market is segmented into:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users