Global Military Radar Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
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Global Military Radar Market: Overview
“The global Military Radar Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Military radar is a device that is used in the detection of the bombs and landmines. It is used for exact detection of target and early detection of missiles. Basic parts of military radar contain transmitter, radar antenna, receiver, duplexer, and indicator. The main function of radar is surveillance on the borders even in critical conditions. It is used for surveillance on a border to prevent the unauthorised entries.
The key factor driving growth of military radar are increasing threat from other countries have enabled high surveillance across the border to prevent unauthorised activities on borders and to keep information confidential. Every country is building a strong defence system, this is another factor expected augment growth of the global military radar market across the globe.
Increasing investments by government bodies in various countries for making high tech weapons used for weapon guidance system and advanced security, is another factor expected to boost the global market growth. Rising demand for military radars for weapon guidance systems is a factor expected to boost demand for military radar.
Furthermore, governments plan in order to develop an advanced security systems coupled with high investments by government to deter threats from other countries is another factor projected to drive growth of the global military radar market. In addition, presence of skilled persons and professionals in research and development sectors in order to enhance the surveillance and existing military radar system are other factors expected to drive growth of the global military radar market.
However, very high cost of this military radar system is a major factor expected to hamper growth of the target market. Moreover, military radar system requires regular maintenance and lack of highly skilled persons in end use sector are other factors expected to hamper the target market growth.
Global Military Radar Market: Segment Analysis
Among the platform type segments, the air borne segment is expected to accounts or largest revenue share in the global military radar market, and is expected to maintain its dominance over the forecast period. High risk of airstrike in various countries and increasing invade of terrorist substantially increases demand for airborne military radars. High demand for air borne radar to enhance the security in turns expected to augment demand of this air born military radar system across various countries.
Global Military Radar Market: Region Analysis
North America market is projected to account for highest revenue share in the global market. The key factor expected to drive growth of the market in North America is increasing focusing on development of advanced technology in the field of military radar. Rising demand for improving the border safety in countries in Asia Pacific is a major factor expected to drive the market growth in this region.
Global Military Radar Market Segmentation:
Segmentation by platform type:
- Ground Based
- Naval Based
- Air Borne
- Space Based
Segmentation by end-user:
- Weapon Guidance System
Segmentation by region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Raytheon Company
- Thales Group
- Saab Group
- Northrop Grumman Corporation
- Lockheed Martin Corporation
- Israel Aerospace Industries Ltd.
- General Dynamics
- Finmeccanica SPA
- BAE Systems
- Airbus Group
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