Marine Radars - Global Strategic Business Report

The global market for Marine Radars was estimated at US$868.9 Million in 2023 and is projected to reach US$1.1 Billion by 2030, growing at a CAGR of 3.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Marine Radars Market - Key Trends and Drivers Summarized

How Are Marine Radars Critical to Maritime Safety and Navigation?

Marine radars are essential systems used to detect, locate, and monitor vessels, obstacles, and weather conditions at sea, ensuring safe navigation and maritime operations. These radar systems are widely employed in commercial shipping, naval defense, fishing vessels, and recreational boating. They provide real-time information on surrounding ships, shorelines, and potential hazards, even in poor visibility conditions such as fog or heavy rain. Marine radars operate by emitting radio waves and measuring their reflections from objects, enabling vessels to navigate safely through congested or treacherous waters. The continuous rise in global maritime trade and the growing focus on maritime safety are key drivers for the widespread adoption of marine radars.

What Are the Key Segments in the Marine Radar Market?

Types of marine radars include X-band and S-band radars, with X-band radars being the most commonly used due to their ability to provide high-resolution images and detect small objects. In terms of application, the commercial shipping sector accounts for the largest market share, driven by the need for advanced navigation systems to manage large vessels in busy shipping lanes. The defense and naval sectors also represent significant market segments, where radar systems are critical for surveillance, target acquisition, and threat detection. Regionally, North America and Europe dominate the market due to their advanced maritime infrastructure, while Asia-Pacific is expected to witness robust growth, driven by expanding commercial shipping and defense investments.

How Are Technological Advancements Shaping Marine Radar Systems?

Technological advancements in marine radar systems are enhancing their performance and functionality. Innovations such as solid-state radar technology have improved radar sensitivity, accuracy, and reliability, while reducing power consumption and maintenance needs. Additionally, modern marine radars are increasingly integrated with other navigation systems, such as GPS and automatic identification systems (AIS), offering comprehensive situational awareness to maritime operators. Digital radar systems, equipped with enhanced data processing capabilities, provide clearer images and better target discrimination, even in cluttered environments. The integration of artificial intelligence (AI) and machine learning algorithms into radar systems is also emerging, enabling predictive analysis for collision avoidance and improved decision-making.

What Factors Are Driving the Growth in the Marine Radar Market?

The growth in the marine radar market is driven by several factors, including the increasing focus on maritime safety and the rise in global maritime trade. The expansion of international shipping routes, combined with stricter regulations regarding vessel safety and navigation, is fueling demand for advanced radar systems. Technological advancements, such as solid-state radar and AI integration, are enhancing the accuracy and reliability of marine radar systems, driving their adoption across commercial, defense, and recreational sectors. Additionally, the growing investments in naval defense, driven by geopolitical tensions and the need for coastal surveillance, are further propelling market growth. Lastly, the rise of smart ports and the increasing use of autonomous vessels are expected to create significant opportunities in the marine radar market.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Fishing Vessels End-Use segment, which is expected to reach US$445.5 Million by 2030 with a CAGR of a 3.4%. The Merchant Vessels End-Use segment is also set to grow at 3.0% CAGR over the analysis period.
Regional Analysis: Gain insights into the U.S. market, estimated at $228.4 Million in 2023, and China, forecasted to grow at an impressive 3.0% CAGR to reach $172.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Aerostar, BAE Systems Plc, Furuno Electric Co., Ltd., and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Questions Answered:

How is the Global Marine Radars Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Marine Radars Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Marine Radars Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Select Competitors (Total 36 Featured):

Aerostar
BAE Systems Plc
Furuno Electric Co., Ltd.
Garmin Ltd.
GEM Elettronica
HENSOLDT
Japan Radio Co., Ltd.
Koden Electronics Co., Ltd.
Lockheed Martin Corporation
Navico Holding AS

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of COVID-19 and a Looming Global Recession
Marine Radars - Global Key Competitors Percentage Market Share in 2024 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Rising Global Maritime Trade Propels Growth in Marine Radar Market
Increased Focus on Maritime Safety and Navigation Expands Adoption of Advanced Marine Radar Systems
Technological Advancements in Radar Detection and Imaging Propel Innovation in Marine Radars
Growing Use of Marine Radars in Autonomous Vessels Strengthens Business Case for Radar System Integration
Rising Number of Offshore Exploration Activities Drives Demand for High-Performance Marine Radars
Expansion of Commercial Shipping Fleets Generates Opportunities for Marine Radar Adoption
Advancements in Solid-State Radar Technologies Propel Adoption of Modern Marine Radar Systems
Rising Demand for Multi-Function Radars Sustains Growth in Integrated Navigation Systems
Expansion of Fishing and Recreational Boating Industries Fuels Demand for Affordable Marine Radars
Growing Focus on Enhanced Vessel Surveillance Strengthens Demand for Long-Range Radar Solutions
Increased Adoption of Marine Radars in Military and Defense Applications Accelerates Market Growth
Growing Trend of Green Shipping Practices Spurs Demand for Energy-Efficient Radar Solutions

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Marine Radars Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
Table 2: World Recent Past, Current & Future Analysis for Marine Radars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 3: World Historic Review for Marine Radars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 4: World 16-Year Perspective for Marine Radars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
Table 5: World Recent Past, Current & Future Analysis for Fishing Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 6: World Historic Review for Fishing Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 7: World 16-Year Perspective for Fishing Vessels End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
Table 8: World Recent Past, Current & Future Analysis for Merchant Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 9: World Historic Review for Merchant Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 10: World 16-Year Perspective for Merchant Vessels End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
Table 11: World Recent Past, Current & Future Analysis for Naval Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 12: World Historic Review for Naval Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 13: World 16-Year Perspective for Naval Vessels End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
Table 14: World Recent Past, Current & Future Analysis for Recreational Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 15: World Historic Review for Recreational Vessels End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 16: World 16-Year Perspective for Recreational Vessels End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES

Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
Table 17: USA Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
Table 18: USA Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 19: USA 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030

CANADA

Table 20: Canada Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
Table 21: Canada Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 22: Canada 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030

JAPAN

Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
Table 23: Japan Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
Table 24: Japan Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 25: Japan 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030

CHINA

Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
Table 26: China Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
Table 27: China Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 28: China 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030

EUROPE

Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
Table 29: Europe Recent Past, Current & Future Analysis for Marine Radars by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 30: Europe Historic Review for Marine Radars by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 31: Europe 16-Year Perspective for Marine Radars by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
Table 32: Europe Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
Table 33: Europe Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 34: Europe 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030

FRANCE

Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
Table 35: France Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
Table 36: France Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 37: France 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030

GERMANY

Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
Table 38: Germany Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
Table 39: Germany Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 40: Germany 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030

ITALY

Table 41: Italy Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
Table 42: Italy Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 43: Italy 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030

UNITED KINGDOM

Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
Table 44: UK Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
Table 45: UK Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 46: UK 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030

REST OF EUROPE

Table 47: Rest of Europe Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
Table 48: Rest of Europe Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 49: Rest of Europe 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030

ASIA-PACIFIC

Marine Radars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
Table 50: Asia-Pacific Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
Table 51: Asia-Pacific Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 52: Asia-Pacific 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030

REST OF WORLD

Table 53: Rest of World Recent Past, Current & Future Analysis for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
Table 54: Rest of World Historic Review for Marine Radars by End-Use - Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 55: Rest of World 16-Year Perspective for Marine Radars by End-Use - Percentage Breakdown of Value Sales for Fishing Vessels End-Use, Merchant Vessels End-Use, Naval Vessels End-Use and Recreational Vessels End-Use for the Years 2014, 2024 & 2030

IV. COMPETITION

Companies Mentioned

Aerostar
BAE Systems Plc
Furuno Electric Co., Ltd.
Garmin Ltd.
GEM Elettronica
HENSOLDT
Japan Radio Co., Ltd.
Koden Electronics Co., Ltd.
Lockheed Martin Corporation
Navico Holding AS

Table Information

Report Attribute	Details
No. of Pages	126
Published	November 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 868.9 Million
Forecasted Market Value ( USD ) by 2030	$ 1100 Million
Compound Annual Growth Rate	3.1%
Regions Covered	Global
No. of Companies Mentioned	10

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SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€5471EUR$5,600USD£4,568GBP
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ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€16414EUR$16,800USD£13,703GBP

Global Marine Radars Market - Key Trends and Drivers Summarized

How Are Marine Radars Critical to Maritime Safety and Navigation?

What Are the Key Segments in the Marine Radar Market?

How Are Technological Advancements Shaping Marine Radar Systems?

What Factors Are Driving the Growth in the Marine Radar Market?

Key Insights:

Report Features:

Key Questions Answered:

Why You Should Buy This Report:

Select Competitors (Total 36 Featured):

Table of Contents

Companies Mentioned

Table Information

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