LONDON, Jan. 7, 2016 /PRNewswire/ -- The report provides an analysis of the X-band radar market. An increased threat of terrorism, uncertain attacks, insurgent activities, and unconventional military threats have led to an increase in the demand for X-band radar used for detection of moving personnel, missiles, and moving targets. Recent tension in Eastern Europe region, transnational wars, and attacks are the major factors for increasing the demand in this market.
This report presents a complete analysis of the X-band radar market over the review period (2015–2020). It discusses the key industry and market trends that may influence the X-band radar market. It provides the complete size of the market as projected to be over the next six years and of the different types of X-band radars in each region.It also provides information regarding the leading manufacturers in this market, along with their financial data, key products, strategies, and developments. The report also includes a qualitative analysis of the market by studying the pricing and cost components of the products. PESTLE analysis of the overall market and SWOT analysis of the key market players have been conducted in the report for an effective comprehension of the overall market scenario.
The report details the competitive landscape with the identification of key players and their market share in this industry. Strategic profiling of the key players of the X-band radar market—along with a comprehensive analysis of their recent developments, investments, and core competencies in each segment—has been carried out. The company profiles include the financial details, developments with respect to the X-band radar market, and their regional trends. The MnM views included with the company profiles provide a SWOT analysis of these companies.
The major players in the X-band radar market are SAAB AB (Sweden), Selex ES S.p.A (Italy), Thales-Raytheon Systems ( U.S.), Kelvin Hughes Limited (UK), and Israel Aerospace Industries Ltd ( Israel).
According to the projections in this study, the market size of the X-band radars market is estimated to be $4.12 billion in 2015, and is projected to grow at a CAGR of 3.56% between 2015 and 2020 to reach $5.08 billion. North America is the leader in the worldwide market for portable X-band radars and is projected to witness a CAGR of 5.47% from 2015 to 2020. The region witnesses a strong demand of portable X-band radars in homeland and border security.
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