Array
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Digital Array Radar Market Size and Growth
The Digital Array Radar market is experiencing significant growth, driven by advancements in radar technology and increasing defense spending. The market size is estimated to reach approximately $3 billion by 2028, with a robust CAGR due to rising demand for surveillance, navigation, and threat detection applications across various sectors.
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Companies Covered
(Covid 19 Impact Covered)
◍ Northrop Grumman
◍ Raytheon Technologies
◍ Lockheed Martin
◍ Thales Group
◍ BAE Systems
◍ Israel Aerospace Industries
◍ Mitsubishi Electric
◍ Leonardo
◍ Saab
◍ L3Harris Technologies
◍ Rheinmetall
The Digital Array Radar Market features key players like Northrop Grumman, Raytheon Technologies, and Lockheed Martin, leveraging advanced technology for military and commercial applications. These companies enhance market growth through innovation and strategic partnerships, leading to increased demand. Revenue figures include:
- Northrop Grumman: ~$36 billion
- Raytheon Technologies: ~$64 billion
- Lockheed Martin: ~$67 billion
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