Military Radar Market By Type (Ground Based,Naval,Airborne and Space Based), By Application ( Surveillance, Weapon Guidance ), Industry Trends, Estimation & Forecast, 2016 - 2024

September 2017

 Pages: 125

 ERC 2928

The Global Military Radar Market was valued at $10.85 million in 2016 and is projected to reach $14.09 billion by 2024, having a CAGR of 3.4% during the forecast period of 2017 to 2024. The airborne radar segment generated the highest market share in the global military radar market.

The military radars are undergoing enhancements to meet the requirement of an adaptive and agile system that can work efficiently even in the most cluttered electromagnetic spectrum. Moreover, the changing global scenario of increasing hostility and intense international relationships is urging the need for better military radar systems. The increasing applications of UAVs is posing a threat to the cross border security, as they are difficult to detect and travel at a slow pace. Such threats are propelling the market players to invest in the innovation of traditional radar systems and manage the threats. In terms of region, Asia-Pacific market is anticipated to show an impressive growth, owing to the increasing cross border tension between India and China over South China Sea.

Market Determinants

Surging concerns related to safety and security are leading to a hike in the defence & military budgets, which is stimulating the growth of the global military radar market. Moreover, constant improvisation of technology as a result of increasing focus on border security and terrorism activities is also playing an extensive role in fostering the market size. However, high costs of military radar systems can act as a major restraining factor for the market growth. In addition to this, the economic breakdown in some countries has imparted negative impacts on defense and military budgets. As per a research, countries such as the UK, Germany, and Russia, have witnessed cuts in defense budgets owing to financial crises. On the other hand, a constant progress in the field of space radar technology and light weighted radar system might bring bright future opportunities for the market.

MILITARY RADAR MARKET DETERMINANTS-IMPACT ANALYSIS, 2016 VS. 2024


Market Segmentation

The global military radar market is segmented on the basis of type, application, and geography. By type, the market is categorized as Ground Based, Naval, Airborne, and Space based. Application-wise, the market is segmented into surveillance and weapon guidance. On the basis of geography, the market is segmented as North America, Europe, Asia-Pacific and Rest of World.



Some major market players are Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Saab Group, Thales Group, Airbus Group, BAE Systems, General Dynamics, Israel Aerospace Industries Ltd, Finmeccanica SPA.

GLOBAL MILITARY RADAR MARKET SEGMENTATION

By Type
• Ground Based
• Naval
• Airborne
• Space Based

By Application
• Surveillance
• Weapon Guidance

By Geography
• North America
      • USA
      • Others
• Europe
      • U.K
      • Russia
      • France
      • Italy
      • Germany
      • Other
• Asia-Pacific
      • China
      • India
      • Australia
      • Japan
      • South Korea
      • Others
• Rest of World
      • Israel
      • South Africa
      • Other

KEY MARKET PLAYERS

• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Company
• Saab Group
• Thales Group
• Airbus Group
• BAE Systems
• General Dynamics
• Israel Aerospace Industries Ltd
• Finmeccanica SPA

 

 

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    What Information does this report contain?

    • What was the market size of the Global Military Radar Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Global Military Radar Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?


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