Military Radar Market To 2022 – Market Share, Growth, Trends: Grand View Research, Inc.

  • Published on
    02-Jul-2015

  • View
    213

  • Download
    1

Embed Size (px)

Transcript

  • Military Radar Market Analysis, Market Size, Application

    Analysis, Regional Outlook, Competitive Strategies, and

    Forecasts, 2015 To 2022

    The military radar market is projected to witness substantial growth over the

    forecast period on account of increasing demand for improved security services.

    Owing to the progress in technology, many complications such as aging

    technology and outdated warfare equipment have been overcome. Rising number

    of navigation and lightweight radars, which are executed by Unmanned Aerial

    Vehicles (UAVs) are the major driving factors in the military radar market. The

    military radar systems are projected to have a significant share of the entire defense

    sector in the near future.

    For More Information on "Military Radar Market Research Reports" visit -

    http://www.grandviewresearch.com/industry-analysis/military-radar-market

  • Renewal and modernization programs along with increased procurements for

    national safety and security are the major trends influencing market growth. The

    safety of radar systems is based on productions, maintenance, radar procurements,

    operations, and research & development. Fluctuations in military operations

    including global transfer in defense power are expected to restrain market growth

    over the forecast period. Dynamic government investment in military and

    interoperability communication as well as military budget limitations are

    anticipated to hinder the military radar market. Wind turbines are predicted to pose

    a danger for weather radars in the military radar market. Major areas of concern in

    the market are deployment of missile defense, border, and air radar. These would

    negatively impact the military radar market.

  • The military radar market can be categorized on the basis of types into ground-

    based, space-based, and airborne systems. The market is anticipated to be driven

    by airborne systems over the coming years owing to rising security and economic

    concerns. Military radar systems are extensively utilized in diverse sections of

    military forces such as the army, navy, and air force. In order to overcome the

    threats of wars, military radar systems are being continuously upgraded. This

    development is mainly attributed to advancements in warfare technology and

    growing demand of aircrafts and fighter jets.

    North America is projected to have significant growth in the military radar market

    on account of threats from external forces and terrorist groups. Asia Pacific is

    expected to have a major market share over the next six years. Countries such as

    China, India, South Korea, and Japan are poised to have considerable military

    radar purchases over the forecast period.

  • China is expected to make huge investments in the defense sector in order to

    emerge as in the overall military radar market. This is anticipated to boost the

    regional market demand of military radar systems over the next six years.

    Major players in the military radar market are Saab Sensis Corp., Terma A/S, BAE

    Systems, Harris Corp., Lockheed Martin Corp., Northrop Grumman Corp.,

    Raytheon, DRS Technologies, ASELSAN Inc., and Boeing. The military radar

    market is mostly oligopolistic in nature, as there are no market players with the

    largest market share and the market is basically influenced by government tenders.

    Request TOC of Military Radar Market Research Reports" visit -

    http://www.grandviewresearch.com/industry-analysis/military-radar-

    market/request-toc

    About Grand View Research

    Grand View Research, Inc. is a U.S. based market research and consulting

    company, registered in the State of California and headquartered in San Francisco.

    The company provides syndicated research reports, customized research reports,

    and consulting services. To help clients make informed business decisions, the

    company offers market intelligence studies ensuring relevant and fact-based

    research across a range of industries including technology, chemicals, materials,

    healthcare and energy.

    Contact:

    Sherry James

    Corporate Sales Specialist, U.S.A.

    Grand View Research, Inc.

    United States

    Phone: 1-415-349-0058

  • Toll Free: 1-888-202-9519

    Email: sales@grandviewresearch.com

    Website: Grand View Research

    Blog Site: http://www.divog.org/