DUBLIN, March 3, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/9kjjd6/military_radar) has announced the addition of the "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" report to their offering.
The global military radars market was valued at USD 11.02 billion in 2015 and is projected to reach USD 13.04 billion by 2020, at a CAGR of 3.42% from 2015 to 2020
Increased concerns towards airborne fire control, surveillance, ground mapping, early warning, air traffic control (ATC) SAM guidance, and so on are driving the demand for military radars across the globe. With increased demand for defense surveillance over porous and attack prone borders, increased spending on defense sector by the developing countries, and increased terrorism and ongoing intercountry conflicts, the market for military radars is expanding subsequently.
Ground-based radars are expected to grow fastest in the military radars market
Ground-based radars are used to get real-time information in warfare situations. Detection of the object, tracking, and reporting functions are performed by military radars. To locate unexploded ordinance and tunnels, ground-based system is very effective. Border security forces and military forces find ground-based radar very useful for ground penetration. Depth of tunnel, diameter, and path can be easily traced using the ground-based radar systems. In disasters such as earthquake and floods, locating operation can be done with the help of this system.
X & KU band radars are expected to grow fastest in the military radars market
X-band and Ku band radars are widely used for airborne military radar platform and ground-based platform. They also used in synthetic aperture radars. These systems are relatively popular in military application. Small antenna is used in both the radar band systems. Ku-band radars are used in missile guidance system application. Small antenna size makes them very handy in low weight applications. Space-borne platforms such as synthetic aperture radars (SAR) use these radar bands. Fighter aircrafts need fine target detection capability, for which X-band radars are used.
North America region holds a dominant market share in the global military radars market
The military radars market, by region, is led by the North America, which includes the U.S. and Canada. The North America region holds a significant share of the global military radars market in 2015. High defense expenditure of the U.S. is the major driver behind the high market share of this region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Military Radar Market, By Platform
8 Military Radar Market, By Band Type
9 Military Radar Market, By Application
10 Military Radar Market, By Region
11 Competitive Landscape
12 Company Profiles
- Airbus Group
- Bae Systems
- Finmeccanica Spa
- General Dynamics
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Saab Group
- Thales Group
For more information visit http://www.researchandmarkets.com/research/9kjjd6/military_radar
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SOURCE Research and Markets