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Airborne Early Warning Radar Market leading factors, competitive landscape, during forecast period 2018-2023 insights shared in detailed report
Airborne Early Warning Radar MarketAirborne Early Warning (AEW) aircraft is significantly improving the effectiveness of modern defensive and belligerent air operations. Radar is used in airborne early warning systems for tracking enemy aircraft and controlling rockets, launching air-to-air missiles and operating guns. It is used in large aircrafts as an airborne warning and control system, for identifying the enemy aircraft over long distances, tracking them and controlling interceptors. The major factor driving the rising demand of radar systems is the increasing military requirements. The demand for military radars in the global market is anticipated to grow due to rising importance of unmanned platforms and modernization of existing military radar systems. Thus, accelerating the market growth.
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Airborne Early Warning Radar Market, by Application
The defense application is currently holding maximum market share as air-defense radars can spot air targets and regulate their position, course, and speed in a relatively large area. Air-defense radars are divided into two categories based on the accurate position information supplied making them more favorable for the military use. In case of an attack, early detection of the enemy is vital for a successful defense against attack. Hence, these useful characteristics is expected to fuel the growth of airborne early warning radar market in future.
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The airborne early warning radar market is consolidated since the market has giant players who are generating maximum market share. Some of the primary players of consolidated global market are The Boeing Company, Northrop Grumman, SAAB AB, Raytheon Company, Embraer, IDS North America Limited, Leonardo, Lockheed Martin and AVIC.
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The demand for Airborne Early Warning Radar services is anticipated to be driven by ageing military equipment globally, technological innovations in the industry, internal and external security threats, territorial disputes and innovative initiatives undertaken by armed forces across the world. One of the major challenges being faced by the global market is balancing the ever increasing weight of the armored vehicles with the need for increased protection
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