Radar Market Projected to Reach $44.35 Billion By 2028 | Allied Market Research
The global radar market size was valued at $32.56 billion in 2019, and is projected to reach $44.35 billion by 2028, registering a CAGR of 4.7% from 2021 to 2028.
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Radar is an electromagnetic system, which detects the location and distance of objects and uses radio waves to determine the spread, angle, and speed of an object, which falls within its radius. Radar comprises a transmitter to produce an electromagnetic signal, which is radiated into space by an antenna.