DUBLIN, July 27, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/3ht3r6/xband_radar) has announced the addition of the "X-Band Radar Market by Type (Portable & Non-portable), Application (Defense, Government, & Commercial) - Global Forecasts, Trends & Analysis to 2015-2020" report to their offering.
The global market is estimated to be valued at $4.12 Billion in 2015 and is projected to grow significantly, at a CAGR of 3.56% to reach $5.08 Billion by the end of 2020.
At present, approximately 3-5% of the total X-band radars around the world would be portable due to the nature of the radar Although the portable X-band radars are not large and are mounted on portable platforms, it is difficult to make the radars portable, since it results in performance compromises and requires certain circumstances to work. A majority of the X-band radars that are installed are for the border security and homeland security departments.
North America is the leader in the worldwide market for portable X-band radars. The region is expected to witness a CAGR of 5.47% from 2014 to 2020. The region witnesses a strong demand of portable X-band radars in homeland and border security.
The European X-band radar market is expected to reach $1,602.09 Million by the end of 2015 and is projected to grow at a CAGR of 2.13% through the review period. The instability in Western Europe results in the need for procurement of military equipment like submarines, command and control systems, tactical helicopters, mobile artillery-hunting radar systems, and next generation Gripen aircrafts loaded with surveillance radars, to meet the need for stability in Europe despite the political challenges driving the radar market expenditure.
Asia-Pacific is expected to emerge as a potential revenue pocket in the next five years due to the rising demand of portable X-band radars for weather detection, border security, critical infrastructure monitoring, facility surveillance, and several other applications. Hence, the APAC market is projected to reach $654.36 Million by the end of 2015 and is projected to grow at a CAGR of 3.12% throughout the review period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 X-Band Radar Market, By Type
8 X-Band Radar Market, By Application
9 Geographical Analysis
10 Competitive Landscape
11 Company Profiles
- Detect, Inc. - Furuno Electric Company Limited - Israel Aerospace Industries Ltd. - Japan Radio Company Limited - Kelvin Hughes Limited - Northrop Grumman Corporation - Prosensing Inc. - Raytheon Company - Reutech Radar Systems (Pty) Ltd. - Saab Ab - Selex Es S.P.A - Terma A/S - Thales-Raytheon Systems Company LLC
For more information visit http://www.researchandmarkets.com/research/3ht3r6/xband_radar
Laura Wood, +353-1-481-1716, email@example.com
SOURCE Research and Markets