Aircraft Engine Blade Market Size was valued at 13.27 (USD Billion) in 2022. The Aircraft Engine Blade Market Industry is anticipated to grow from 14.0(USD Billion) in 2023 to 22.7 (USD Billion) by 2032. The Aircraft Engine Blade Market CAGR (growth rate) is anticipated to be approximately 5.51% over the forecast period (2024 - 2032).

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The world ocean surface radar market is classified according to the technology type, application, range, company and region. According to technology type, the market can be divided into pulsed and continuous wave (CW). The pulsed type leads the market due to their extensive use by navy, coastal guards, among others. Apart from that, they are capable of detecting more than one target at the same time which is impossible in the case of continuous wave. On the basis of application, the market is segmented into defence and commercial. The defence segment leads the market as ocean radars are primarily utilized for security and surveillance applications.
Geographically, the market for ocean surface radar has been divided into Asia-Pacific, North America, South America, Europe, and Middle East & Africa. In these regions, the Asia-Pacific holds the largest share of the entire ocean surface radar market due to the availability of established players within the region.
The key companies active in the ocean surface radar industry are Furuno Electric Co., Ltd., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Saab AB, Japan Radio Co. Ltd., BAE Systems plc, Raymarine Inc, Terma A/S, Kelvin Hughes Limited and more. The key companies are investing in the development of new technologies and introducing new products to remain competitive in the industry. Other strategies adopted by these companies are mergers & acquisitions and new product launches.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020–2024
Objective of the Study
- To analyze and forecast the market size of global ocean surface radar market.
- To classify and forecast global ocean surface radar market based on technology type, application, range, company and regional distribution.
- To identify drivers and challenges for global ocean surface radar market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global ocean surface radar market.
- To conduct pricing analysis for global ocean surface radar market.
- To identify and analyze the profile of leading players operating in global ocean surface radar market.
MIR performed both primary as well as exhaustive secondary research for this study. Initially, MIR sourced a list of manufacturers across the globe. Subsequently, MIR conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, MIR could include the manufacturers which could not be identified due to the limitations of secondary research. MIR analyzed the manufacturers, distribution channels and presence of all major players across the globe.
MIR calculated the market size of
Key Target Audience
- Ocean surface radar manufacturers and suppliers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to ocean surface radar
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.