A technology radar is a way of observing the market for new innovations and technologies and gather information about them in a consistent style, relate and evaluate them on behalf of the own business. RADAR stands for Radio Detection and Ranging System. It is basically an electromagnetic system used to detect the location and distance of an object from the point where the RADAR is placed. It works by radiating energy into space and monitoring the echo or reflected signal from the objects. It operates in the UHF and microwave range.