Air and Missile Defense Radar Market Worth 12.52 Billion USD by 2021
PUNE, India, May 17, 2016 /PRNewswire/ --
The report "Air and Missile Defense Radar Market by Range (Short, Medium, Long & Strategic System), Application (Ballistic Missile Defense, Conventional), Platform (Ground Based, Naval, Airborne) & by Region - Global Forecast to 2021", published by MarketsandMarkets, The AMDR market is estimated to be valued at USD 8.79 Billion in 2016 and is projected to reach USD 12.52 Billion by 2021, at a CAGR of 7.34% from 2016 to 2021.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 89 market data Tables and 75 Figures spread through 193 Pages and in-depth TOC on "Air and Missile Defense Radar Market"
http://www.marketsandmarkets.com/Market-Reports/air-missile-defense-radar-market-140105037.html
Early buyers will receive 10% customization On this report.
Ground-based radar segment expected to be the major contributor to the overall AMDR market
Ground-based AMDRs are used to get real-time information in warfare situation. They are used along with airborne, naval, and satellite platform radars for target integration. It is a missile detection radar, positioned on the ground and is used for air defense through ground-controlled interception, command guidance, along with ground-directed bombing, air traffic control, instrument landing systems, and radar bomb scoring. Defense budget cuts in developed economies shifted the focus towards automation, and miniaturization of military radar system. Ongoing war against ISIS in Syria, Al-Qaeda in Afghanistan, and conflicts in the Crimean Peninsula are driving the demand for ground-based military radar.
Long range and strategic system segment to register the highest growth
Long range and strategic system Air and Missile Defense Radar Market is expected to dominate the AMDR market during the forecast period. These system have range up to 100 kilometers, while strategic systems are used for the range more than 100 kilometers. These systems are used against conventional and ballistic missile targets. LRSAM is an example of long range AMDR system. High demand for ballistic missile defense system is expected to drive the market for long range and strategic system AMDR market. Joint efforts from the U.S. and South Korean government to develop the missile defense system in South Korea, similarly, India and China's efforts towards the development of indigenous missile defense system is expected to drive the AMDR market. Nevertheless, disputes between countries in the Asia-Pacific and the Middle East are expected to drive the market for short range AMDRs.
Asia-Pacific region to witness highest growth in AMDR market during the forecast period
In 2016, Asia-Pacific is expected to have the third largest share in the global AMDR market with the highest CAGR during the forecast period. Existence of inter-country conflict over the disputed area of South China Sea is a major factor that compelling the authorities to increase naval surveillance capabilities in the affected region. Border issues among countries is making them to strengthen their defense system, which is driving the market for AMDRs.
On the other hand, the Brazilian Army is also spending huge amounts over sensors and remote sensing and command & control systems for defense that is driving the radar market in the country.
The key global players in the AMDR market are Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Raytheon Company (U.S.), SAAB Group (Sweden), and Thales Group (France).
Inquiry Before Buying : http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=140105037
The report provides a detailed information and forecasts the AMDR market on the basis of platform (ground-based, naval-based, Airborne), application (ballistic missile defense, conventional), range type (long range & strategic systems, medium range, short range), and geographic regions (North America, Europe, Asia Pacific, Middle East & Africa, Rest of the World).
Browse Related Reports
Military Radar Market by Platform (Ground Based, Naval, Airborne, Space Based), Band Type (X & Ku Band, L & S Band, Others), Application (Weapon Guidance System, Surveillance) & Geography - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/military-radar-market-51422570.html
X-Band Radar Market by type (Portable & Non-portable), by application (Defense, Government, & Commercial), by region (North America, Europe, Asia-Pacific, Middle East, Latin America, & Africa) - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/x-band-radar-market-210561157.html
About MarketsandMarkets
MarketsandMarkets is the world's No. 2 firms in terms of annual published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog@ http://mnmblog.org/market-research/aerospace-defence
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Visit MarketsandMarkets Website: http://www.marketsandmarkets.com
SOURCE MarketsandMarkets
Share this article