Artificial Intelligence
Military Radar Market worth $18.4 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 2, 2024 /PRNewswire/ — The Military Radar Market is valued at USD 14.1 billion in 2024 and is projected to reach USD 18.4 billion by 2029, at a CAGR of 5.4% from 2024 to 2029 according to a new report by MarketsandMarkets™. The military radar market involves the design, manufacture, and implementation of radar systems tailored for defense and military use. These systems are employed by military forces and defense agencies to improve situational awareness, and capabilities in target detection, tracking, surveillance, and reconnaissance. A key driver of this market is the increasing need for advanced defense mechanisms amid rising global security threats, which necessitates continual upgrades to radar technologies to ensure robust national and international security.
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Browse in-depth TOC on “Military Radar Market” 120 – Tables90 – Figures350 – Pages
Military Radar Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 14.1 billion
Estimated Value by 2029
$ 18.4 billion
Growth Rate
Poised to grow at a CAGR of 5.4%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Platform, Product Type, Frequency Band, Dimension and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability of radars to new jamming techniques
Key Market Opportunities
Increased Compact Radars for Anti-drones application
Key Market Drivers
Rise in Advanced Electronic Warfare and Network-Based Combat Operations
Based on the platform, the airborne segment is estimated to grow at the highest CAGR during the forecast period.
Based on the platform, the airborne segment is estimated to lead the military radar market from 2024 to 2029 with the highest CAGR. This growth is primarily driven by the expanding use of Unmanned Aerial Vehicles (UAVs) in both military and commercial sectors. UAVs demand compact, efficient, and lightweight radar systems for various applications including surveillance, reconnaissance, border patrol, search and rescue, and commercial traffic monitoring.
Technological advancements are also contributing to this trend, with ongoing developments in radar miniaturization, reduced power consumption, and improved image resolution to enhance UAV capabilities. Additionally, global military modernization efforts are integrating more UAVs equipped with advanced radars, further stimulating this growth.
Based on the technology, the quantum radar segment is estimated to grow at the highest CAGR during the forecast period.
Based on the technology, the quantum radar segment is estimated to lead the military radar market from 2024 to 2029 with the highest CAGR. This expected growth is primarily due to quantum radar’s capability to significantly enhance detection accuracy by utilizing quantum entanglement properties, which enables it to identify objects that conventional radars may overlook. This technology is particularly effective in environments affected by high levels of noise or equipped with stealth capabilities designed to evade traditional detection methods. The increasing prioritization of national defense and security is further driving investment in advanced radar technologies, including quantum radars. As countries modernize their military assets to address evolving security threats, quantum radar will emerge as a key component in these upgrades, with improved effectiveness in surveillance and reconnaissance operations.
Based on range, the short-range segment is estimated to grow with the highest CAGR during the forecast period.
Based on range, the short-range segment is estimated to grow with the highest CAGR during the forecast period due to several key factors. This growth is driven by the increasing demand for radars that can operate effectively over shorter distances, which are essential for applications such as automotive safety systems, drone navigation, and perimeter security. These systems are valued for their ability to provide rapid response and high-resolution imaging in close proximity environments.
The rise in the adoption of advanced driver-assistance systems (ADAS) and autonomous vehicles heavily contributes to this trend, as short-range radars are integral for functions like collision avoidance, parking assistance, and pedestrian detection. Additionally, the expanding use of drones for commercial and defense applications enhances the demand for short-range radar capabilities to navigate in complex and cluttered environments.
Based on dimension, the 4D segment is to grow with the highest CAGR in Military Radar market.
The 4D segment in the military radar market is seeing the highest CAGR due to several factors. These radars provide comprehensive situational awareness by tracking objects in three spatial dimensions plus time, crucial for early threat detection and effective decision-making in combat scenarios. Their ability to distinguish between object types reduces false alarms, while superior clutter rejection capabilities improve target tracking in complex environments. The push for modernization, coupled with advancements in computing, signal processing, and antenna design, is making 4D radars both effective and cost-efficient, leading to their rapid adoption and market growth.
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Based on regions, Europe is to grow with the highest CAGR in the Military Radar market.
Based on region the Europe market is estimated to account for highest CAGR during the forecast period. Many European militaries are prioritizing the modernization of their aging radar systems with next-generation technologies that offer better range, accuracy, and counter-threat capabilities. European defense companies are advancing radar technology, including Active Electronically Scanned Array (AESA) radars for improved target tracking and Gallium Nitride (GaN) based radars for enhanced efficiency and range. Additionally, the growing threat from drones is boosting demand for specialized radars for detecting low-altitude targets, potentially leading to sustained increases in defense budgets across Europe, thereby driving significant growth in the military radar industry from 2024 to 2029.
Key Players
The military radar companies is dominated by a few globally established players such as RTX Corporation (US), Thales (France), Lockheed Martin Corporation (US), Leonardo S.P.A (Italy), and Israel Aerospace Industries (Israel).
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About MarketsandMarkets™
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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Artificial Intelligence
Creator-first AI x Blockchain Project Animechain.ai Reveals Its White Paper and Participation in IVS Crypto 2024 KYOTO as a Platinum Sponsor
Striving for utilization of AI and blockchain as “A Magic Wand For Creators”
TOKYO, July 4, 2024 /PRNewswire/ — Animechain.ai is an AI x Blockchain project that fully values creators’ rights and creativity. We have published a white paper describing our core vision in detail. By combining cutting-edge AI and blockchain technology, we strive to improve the efficiency and quality of anime production while protecting creators’ rights and securing fair compensation.
We will also be participating in IVS Crypto 2024 KYOTO, one of Japan’s largest startup conferences held in Kyoto for three days from July 4th to the 6th, as a platinum sponsor. Animechain.ai’s vision and initiatives, including the content of our white paper, will be presented at the Keynote Session of the main stage of IVS Crypto 2024 KYOTO on Saturday, July 6th, from 11:45 AM.
White Paper Outline:
1. A Creator-first Rights Management System:
○ Strictly managing creators’ rights by implementing the AIRA (AI Rights Asset) token.
○ An automated and highly transparent reward distribution system controlled by smart contracts.
○ Creating new revenue opportunities by promoting derivative work and spinoffs.
2. High-quality Generative AI Specialized in Anime:
○ High-quality anime image generators with resolution of the highest standards in the industry.
○ Innovative time series models that enable animation generation on a real-time basis.
○ Overall production support by multimodal generation combining text, audio, and images.
3. Proprietary Layer 2 Solution “Anime Network”:
○ Transaction processing at over 100 times the conventional speed.
○ Ensuring data security and privacy with cryptography.
○ Unique functions that are optimized for the workflow of anime production.
4. Comprehensive Ecosystem and Governance:
○ A diverse community of creators, anime studios, AI developers, fans, and rights holders.
○ Democratic decision-making by token holders.
○ An incentive system that promotes continuous technological innovation and expansion of the market.
Whitepaper: https://whitepaper.animechain.ai/IVS Crypto 2024 KYOTO: https://www.ivs.events/crypto
Animechain.ai will combine creators’ dreams and AI technology to break new ground in the anime industry. Please visit our official website (https://animechain.ai/) for further information.
Company InformationCompany name: Animechain LLCHeadquarter: TokyoEstablished: February 2024CEO: Shuhei MiseBusiness: Development of “Animechain.ai”, a project to support creators’ creative activities using AI and blockchain
About Animechain.aiOfficial Website: https://animechain.ai/FAQ: https://medium.com/@anime_chain/anime-chain-faq-english-version-7bb1b4ae83bb
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Artificial Intelligence
Console Connect Recognized with Frost & Sullivan’s 2024 Global Technology Innovation Leadership Award for Its Outstanding Automation and Blockchain Solutions
SAN ANTONIO, July 4, 2024 /PRNewswire/ — Frost & Sullivan recently analyzed the NaaS industry and, based on its findings, recognizes Console Connect with the Global Technology Innovation Leadership Award. Console Connect is a pioneering provider of NaaS solutions, offering advanced automation and intelligent use of blockchain technology that significantly enhances the platform.
Console Connect provides a comprehensive and efficient platform that meets the ever-evolving needs of enterprises and cloud providers. The company’s sophisticated platform enables seamless integration with major cloud providers, including Amazon Web Services (AWS), Google Cloud, Microsoft Azure, Oracle Cloud, and IBM Cloud.
Additionally, the platform provides network services and innovative solutions, such as the Edge SIM service, which provides secure and reliable transport for Internet of Things (IoT) applications without using the public internet. This forward-thinking approach has allowed Console Connect to expand its service offerings and maintain its solid leadership position in the industry.
“Console Connect’s innovative platform delivers unparalleled automation, security, and efficiency in the Network-as-a-Service (NaaS) industry, setting a new standard with its cutting-edge use of blockchain technology and seamless multi-cloud integration,” said Stephen Thomas, Senior Industry Director at Frost & Sullivan.
Console Connect leverages a top-tier IP network to enhance its already powerful NaaS platform. This strategic fusion has enabled Console Connect to rapidly advance its network automation capabilities, delivering enhanced service efficiency and operational excellence.
Furthermore, Console Connect’s technological innovation extends beyond network automation to include blockchain technology for inventory and invoicing. The platform’s integration of blockchain establishes a standardized service inventory verified by a distributed ledger, ensuring accurate and undisputed invoicing through smart contracts. This innovative approach significantly reduces disputes and enhances operational efficiency, providing a robust and reliable solution for network management.
As a result, Console Connect is driving technological advancement worldwide with its futuristic network automation, the clever use of blockchain enabled contracts and is rapidly positioning itself as a leader in the NaaS industry.
“We are delighted to receive this award from Frost & Sullivan that identifies Console Connect as a technology leader in Network-as-a-Service. As an early adopter of network automation, Console Connect is proud to be recognised as an innovator in this field, and we continue to embrace technology to reimagine how businesses provision, manage and experience connectivity,” said Neil Templeton, SVP, Marketing, Console Connect.
Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables.
Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Contact:Ashley ShreveP: 210.844.2505E: [email protected]
About Console Connect
Console Connect is a platform for Software Defined Interconnection® of applications and infrastructures. It allows users to self-provision private, high-performance connections among a global ecosystem of enterprises, networks, clouds, SaaS providers, IoT providers and applications providers.
Console Connect is the only digital platform that is underpinned by one of the world’s largest private networks and a Tier 1 global IP network that is ranked in the top 10 for IPv4 and IPv6 peering, delivering higher levels of network performance, speed, and security to meet the digital needs of today’s interconnected users and communities.
Accessible from 1000+ data centres in 50+ countries worldwide, the platform is integrated with all major hyperscale cloud providers, including AWS, Google Cloud, IBM Cloud, Microsoft Azure, Alibaba Cloud and more. Through the Console Connect portal or via its API, users can access a broad range of native and third-party solutions.
To learn more about Console Connect, please visit www.consoleconnect.com.
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Artificial Intelligence
Hyperlink InfoSystem Emerges as India’s #1 Salesforce Development Company in 2024
NEW YORK and LOS ANGELES, July 4, 2024 /PRNewswire/ — The world of digital advancements is experiencing a phenomenal level of explosive growth, and Salesforce, a leading customer relationship management (CRM) platform, has witnessed staggering popularity and an exponential level of advancement in India. India’s robust infrastructure, coupled with its incredibly skilled developers, has made it an attractive hub for all things Salesforce. The Indian IT sector has an established history of providing world-class solutions, which renders it a reliable partner for Salesforce development initiatives. Since the Salesforce development market in India is growing, global enterprises are increasingly hunting for specialized solutions to enhance their CRM capabilities. Custom Salesforce solutions have curated a sudden spike in demand that could help firms stand out.
This sudden need, plus the urgency of competent pricing, has led international investors to lean towards Indian workforces. Indian developers are known for their mastery of customizing Salesforce solutions to meet distinct business needs, streamline operations, and ensure seamless CRM integrations. The talented pool of Salesforce developers at competitive pricing makes for an appealing option for businesses looking to optimize their CRM investments. Indian developers are known for their creative approach, favorable time zones for extended working hours, understanding of global practices, and constant thinking outside the box to render the best-in-class modern solutions to overcome complex Salesforce-driven business challenges. That’s where Hyperlink InfoSystem struck the chord and cemented its position as India’s leading Salesforce development company.
Hyperlink InfoSystem has emerged as a frontrunner in Salesforce development solutions and has become the ultimate powerhouse for custom CRM solutions. Their dedication to excellence has helped them maintain a steady track record spanning over a decade, with several successful Salesforce project deliveries. Hyperlink InfoSystem utilizes best-in-class technologies such as AI, Big Data, and IoT to craft bespoke Salesforce solutions to meet every business’s unique needs. They place a strong emphasis on client requirements to deliver custom solutions for driving measurable results. From consultation and integration to support and customization, Hyperlink InfoSystem offers end-to-end Salesforce development services, ensuring a seamless transition to the CRM. With a commitment to Agile methodologies and certified Salesforce developers, they follow only the best practices in the industry.
“We are extremely honored to be recognized as India’s leading Salesforce development company,” said Mr. Harnil Oza, CEO of Hyperlink InfoSystem. This achievement showcases our team’s commitment and dedication to delivering immaculate solutions that promote the company’s success. He added, “We at Hyperlink InfoSystem think that Salesforce can change how businesses run and engage with their customers and staff. And we will keep pushing the envelope of innovation to provide each client with immaculate Salesforce solutions.”
Looking forward, Hyperlink InfoSystem is committed to staying one step ahead of all Salesforce innovations. Their whole focus is on helping companies realize the full potential of Salesforce, which can result in remarkable customer experiences and growth that is truly transformative. This will be achieved by consistently incorporating the newest features and functionality into their development processes. By providing scalable and adaptable Salesforce solutions, businesses can smoothly future-proof their operations.
About Hyperlink InfoSystem
Hyperlink InfoSystem is a prominent international enterprise excelling in IT solutions in many domains. Since its humble beginnings in 2011, its specialization in technologies has expanded across web development, mobile app development, enterprise software solutions, and now Artificial Intelligence (AI). With over 1200+ employees and a global presence in the USA, UK, UAE, France, India, and Canada, Hyperlink InfoSystem is dedicated to assisting corporations to leverage the complete power of technology to accomplish their goals.
Contact Details:Hyperlink InfoSystemHarnil [email protected]
New York Address:One World Trade Center285 Fulton Street suite 8500,New York, NY 10007,United States
Mumbai Address:Level 8, Vibgyor Towers C 62,G Block Bandra Kurla Complex,Mumbai, Maharashtra 400098
London Address:Level 30, The Leadenhall Building,122 Leadenhall Street,London EC3V 4AB
Canada Address:151 Yonge Street, 11th Floor,Toronto, Ontario, M5C 2W7,Canada
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