Published: May, 2019

The military radar market is expanding at significant pace due to increasing military activities across the globe, finds Transparency Market Research. Some of the prominent players operating in the global military radar market are Northrop Grumman, Saab, Raytheon, Israel Aerospace Industries, Leonardo, Terma, and BAE Systems

These players are adopting several strategies such as technological innovation, product launch, collaboration and mergers and acquisitions to strengthen their market share.  Apart from this, favorable government schemes regarding the research and development of military radar  is a positive growth sign.in the  military radar market. In March, 2019 UK Government organized an event with a vision to collaborate several players to develop next-generation air power system. The similar activities are noted in several other countries as well. This is expected to strengthen the military radar market during the forecast period.    

According to TMR, the global military radar market is expected to touch a valuation of US$9.36 bn by the end of 2024. The market is projected to rise at a steady 2.4% CAGR from 2016 to 2024. The analysts noted the market at a valuation of reach US$7.78 bn in 2016.  

Geographically, North America is expected to dominate the global military radar market throughout the forecast period. This is mainly due to the increasing investment in military radar system to retain technological superiority by the U.S.  On the basis of type, airborne military radars segment is expected to lead the market owing to the increasing risks of air strikes and airborne terrorist infiltration.  ­­­

military radar market

Request A Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2411

Pioneering Research and Development Activities to Drive Market Growth

The radar system is a powerful technology, emerging at a very fast pace. The prominent feature that prompted countries to invest in radar mechanism is its high potential to retaliate undesirable enter in the county’s territory`. Owing to this, countries are spending heavily in radar mechanism to tight border security and defense. On account of this, the global military radar market is expected to grow in the coming years as countries become alert on the security issues.

Apart from this, there are several programs ongoing to improve the capability of air radar. Some of them are Air and Missile Defense Radar (AMDR) program, the Acoustic Rapid COTS Insertion (A-RCI) program, the Space Fence program, procurement of AN/TPS-59, AN/TPS-63, and AN/TPS-80 radar systems. These programs are anticipated to fuel the prospect of the military radar market.

Increasing Set up of Wind Mill to Impede Growth

Despite growing application, the growth in the global military radar market is expected to hamper by several factors. One of the foremost factors that is expected to restraint growth in the market is increasing use of wind mill. The moving wings of windmill confuse military radar systems and thus obstruct their functioning.  

Nevertheless, significant improvement in mechanisms that help integrating radar with several other systems is expected to offer lucrative avenues for the growth of the global military radar market in the coming year. With the help of these technology, it is now possible to integral radar on helicopters, aircraft, armored, naval vessels etc. This has helped military radar system to evolve from a threat indication system to an active protection system. This is expected to increase demand for the global military radar system in the coming years. 

The information presented in this review is based on a Transparency Market Research report, titled, “Military Radar Market (Types - Ground Based, Naval, Airborne, and Space Based) - Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2016 - 2024”

The global military radar market is segmented as below:

Type

  • Ground based
  • Naval
  • Air borne
  • Space based 

Geography 

  • North America
    • U.S.
    • Canada
    • Mexico 
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Russia
    • Rest of Europe 
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Others

 Middle East and Africa (MEA)

    • Israel
    • South Africa
    • Others
  • Latin America
    • Brazil
    • Others 

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

.