Israel's Radar, Navigation Industry Booms in 2024
Israel's radar, navigation, and remote control device industry experienced remarkable growth in 2024. Imports surged to $X, with exports soaring to $X. Key players include Elbit Systems and Israel Aerospace Industries (IAI).
The industry's expansion was fueled by heightened demand and production. In 2024, production surged to $X, while consumption peaked at $X in 2018. Despite a drop in exports to X units, the average export price climbed by X% to $X per unit. Top destinations for Israeli exports were India, Singapore, and Mexico, with a combined share of X%.
Imports, however, plummeted to X units in 2024, falling by X% compared to the previous year. The primary suppliers were China, the United States, and Taiwan, accounting for X% of total imports.
The Israeli radar, navigation, and remote control device industry displayed robust growth in 2024, with increased production, exports, and consumption. Despite a decline in export volume, the industry's value and average export price rose significantly. Key players continue to dominate the market, with Elbit Systems and IAI leading the way.
