Exploring the Expansive Journey of the US$ 2.4 Billion Marine Radar Market, with a Steady 5.5% CAGR Forecast until 2033
The marine radar market is expected to reach US$1.34 billion in 2022. The market is expanding as businesses provide technologically advanced maritime radar using different wireless technologies. As a result, revenue reached US$ 2.4 billion by 2033, representing a CAGR of 5.5% between 2023 and 2033. In 2023, the market is anticipated to bring in US$ 1.4 billion. The increasing spending on military activities by…