印巴空战展现国产雷达装备实力，重点推荐纳睿雷达

Investment Rating - Industry rating is maintained at "Outperform the Market" [1] Core Insights - The report highlights the significant performance of domestic phased array radar systems in military applications, particularly during recent conflicts, showcasing their capabilities in target detection and tracking [3][4] - The successful military applications of phased array radar are expected to facilitate its expansion into civilian markets, providing a technological foundation for rapid growth in related industries [4] - The report recommends "Nairui Radar" for its advanced radar technology and potential in air traffic management and airport sectors, emphasizing its strategic acquisitions to enhance supply chain control and reduce costs [5] Summary by Sections Industry Overview - The phased array radar systems have demonstrated superior performance in military engagements, with capabilities to detect targets up to 170 kilometers away and track multiple targets simultaneously [3] - The integration of these radar systems into various military platforms enhances operational effectiveness and situational awareness in combat scenarios [3] Market Potential - The civilian applications of phased array radar are expanding, with uses in meteorology, aviation, and environmental monitoring, indicating a broad market potential [4] - The establishment of a high-resolution weather observation network in the Guangdong-Hong Kong-Macao Greater Bay Area exemplifies the growing civilian use of this technology [4] Company Focus - "Nairui Radar" is highlighted for its self-developed multi-functional phased array radar technology, with promising applications in air traffic control and airport operations [5] - The company is positioned to benefit from domestic policies supporting low-altitude economy and the demand for new or upgraded airport infrastructure, suggesting optimistic long-term growth prospects [5]