According to the research report titled ‘Global Early Warning Radar Market Size study, by Type (Air-interception Radars, Bombing Radars, Navigation Radars, Others), by Application (Navy, Air Force, Army) and Regional Forecasts 2020-2027’, available with Market Study Report, global early warning radar market is slated to attain considerable expansion during 2020-2027.
 

Lucrative growth trends of global early warning radar market can be credited to increasing expenditure in the aerospace & defense sector, preference for enhanced situational awareness and information dissemination abilities, and surging demand for next-gen air and missile defense systems.
 

For those unfamiliar, early warning radar system is primarily deployed by the army and defense forces for identifying long-range targets beforehand in order to retaliate. These devices are equipped with cameras and are implemented with ultrasonic frequency which facilitates high-quality image processing to assist in providing efficient security at national borders.
 

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Elaborating on the latest developments, the Covid-19 pandemic has augmented global early warning radar market growth, as the frequency of sudden attacks by other countries has risen amid these uncertain times. This has surged the demand for the device for ensuring national security.
 

On the contrary, high costs incurred while upgradation of the systems is expected to arrest the industry expansion in the ensuing years.
 

Based on product type, worldwide early warning radar market is fragmented into navigation radars, bombing radars, air-interception radars, and others. Speaking of application spectrum, the market space is bifurcated into army, air force, and navy.
 

Regionally, North America captures most of the global early warning radar industry share presently, due to strong presence of prominent product manufacturers, and growing investments in the aerospace & defense sector.
 

Parallelly, Asia-Pacific market is also anticipated to amass significant gains over 2020-2027, on account of flexible budget allocations for the defense sector by the government, and increasing research & development activities in the business sphere.
 

Key participants defining the worldwide early warning radar market trends are BAE Systems plc, Ultra Electronics Holdings plc, Curtiss-Wright Corp., Thales Group, General Electric Co., Elbit Systems Ltd., SAAB AB, Lockheed Martin Corp., General Dynamics Corp., and The Raytheon Co.