Attractive Market Opportunities in Military Radar Market


Posted November 2, 2017 by RameshwarM

Military Radar Market by Platform (Ground Based, Naval, Airborne, Space Based), Band Type (X & Ku Band, L & S Band, Others).

 
The global military radars market was valued at USD 11.02 Billion in 2015 and is projected to reach USD 13.04 Billion by 2020, at a CAGR of 3.42% from 2015 to 2020.

Increased concerns towards airborne fire control, surveillance, ground mapping, early warning, air traffic control (ATC) SAM guidance, and so on are driving the demand for military radars across the globe.

The weapon guidance systems capture the largest share in radar application segment in the global military radars market. Active and passive guidance needs of military radar and demand for precision guidance systems is expected to drive the weapon guidance application of military radars market.Islandic disputes in South China Sea, piracy, and terrorism issues are expected to drive the surveillance application of military radars market.

Browse 81 market data Tables and 79 Figures spread through 162 Pages and in-depth TOC on "Military Radar Market - Global Forecast to 2020"

Get More Information:
http://bit.ly/2rBV21k

Early buyers will receive 10% customization on reports.

Ground Based radars segment is expected to be the major contributor to the overall military radars market
Ground-based radars systems are capable to get real-time information in warfare situations. To locate unexploded ordinance and tunnels, ground-based system is very effective. Movement near exterior walls, critical infrastructure, and building can be traced using ground-based systems.
Ground-based radars are used along with airborne, naval, and satellite platform radars for target integration. Ongoing war against ISIS in Syria, Al-Qaeda in Afghanistan, and conflicts in Crimean peninsula are driving the demand for ground-based military radars.
The base year considered for this study is 2014 and the projections are made up to 2020. Radars play a vital role in the defense industry. Generally, the radar antennas mounted at airports or other ground stations are used to detect approaching enemy airplanes or missiles.
For instance, the U.S. has a very elaborate Ballistic Missile Early Warning System (BMEWS) to detect incoming missiles.



Weapon guidance application registered the highest growth
Weapon guidance system application of military radars depends upon tracking function of military radar system. The defense requirements and high accuracy needs of military forces around the globe expect improvement in the accuracy and precision of military radars. This is one of the prime factors for increased demand for precision guided systems.
Laser guidance, ground reference, and other reference systems used for weapon guidance use various types of radar for functioning. Their increased use is also a promising driver for the military radars market.
Download PDF Brochure@
http://bit.ly/2sgE7Tv
Research Methodology
• The research methodology used to estimate and forecast the military radars market begins with capturing data on key military radar equipment revenues through secondary research.

• The military radar system offerings are also taken into consideration to determine the market segmentation.


• The bottom-up procedure was employed to arrive at the overall market size of the global military radars market from the revenue of key players in the market.
This report provides qualitative and quantitative information about the global military radars market. It identifies the market application gaps, emerging technologies, the need for new product launches, and high potential geographic regions and countries.
It provides a segmentation of the market, tracking the market size, market share, revenue projections, and financial portfolio, covering a broad spectrum of the different platform, band, and applications of military radars industry.
The global military radars market, on the basis of region, is led by the North American countries that include the U.S. and Canada. The North America region contributes the largest share in the global military radars market.
High demand of surveillance systems and radars in the U.S. is majorly driven by the Air and Missile Defense Radar (AMDR) program, the Three Dimensional Expeditionary Long Range Radar (3DELRR) program, the Space Fence program, procurement of AN/TPS- 59, AN/TPS-63, AN/TPS- 80 radar systems, and the Acoustic Rapid COTS Insertion (A - RCI) program.



Asia-Pacific region to witness highest growth in military radars market during the forecast period
In 2015, Asia-Pacific is expected to have the second-largest market share and highest growth rate in the global military radars market. Existence of intercountry conflict over the disputed area of South China Sea is a major factor that is compelling the authorities to increase naval surveillance capabilities in the affected region.
The involved countries such as China, Taiwan, Vietnam, Malaysia, Brunei, and the Philippines have competing territorial and jurisdictional claims, particularly over rights to exploit the regions extensive reserves of oil and gas. High growth in military expenditure and modernization of surveillance and battle systems is driving the radar market in India.
The major players in the military radars market are Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Raytheon Company (U.S.), Saab Group (Sweden.), and Thales Group (France), Airbus Group (Netherlands), BAE Systems (U.K.), General Dynamics Corporation (U.S.), Israel Aerospace Industries (IAI) (Israel), and Finmeccanica SpA (Italy).
About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pinpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
UK : 44-800-368-9399
Visit our Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By RameshwarM
Website Military Radars Industry
Phone 1-888-600-6441
Business Address Seattle
WA,USA
Country United States
Categories Defense
Tags military radars industry , military radars market
Last Updated November 2, 2017