Press release
Military Radar Market size, analysis, and forecast report by 2024
Radio detection and ranging (RADAR) systems help detect the range, direction, altitude, and speed of an object. Radar system aims to conflict any threat or attack and deter any damages to human and property. For instance, they help solve navigational problems and track devices. Radars help resolve the distance and speed of objects with great precision and accuracy. Other applications of this system is in for several purposes such as search operations, fire control, and bombing or shelling.
These radars help operate artillery ammunition. Bombing radars are used to determine the terrain to deploy attacks on a target. Besides these military operations, military radars are employed during national calamities such as an earthquake, tsunami, and floods. Several research and development activities are being conducted to improve efficiency and reduce the size of radars. Lightness in weight, efficiency, and multi-functionality of radars are driving the market globally. Thus, applications of military radars are expected to expand in the near future.
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Global Military Radar Market: Report Details
Our market study analyzes the military radar market on international basis and provides estimates in terms of revenue (USD million) of forecast period 2015 to 2024. Market dynamics have been described affecting the industry and analyzes their impact through this forecast period. Moreover, it highlights the significant opportunities for market growth in the next eight years.
For better understanding of the military radar market, the study comprises market attractiveness analysis, where radar types are benchmarked based on their market scope, growth rate and market attractiveness. Radars are being increasingly used in the defense industry. This is one of major factor for growth of global military radar market. Ability to detect missiles, planes, or ships with high accuracy is one of the prominent factors driving the global military radar market.
Global Military Radar Market: Segmentation
Global Military Radar Market (By Type)
Ground based, Naval, Air borne, Space based.
Global Military Radar Market: (By Geography)
North America, U.S., Canada, Mexico, Europe, U.K, Germany, France, Italy, Russia, Rest of Europe, Asia Pacific, China, Japan, India, Australia, South Korea, Middle East and Africa (MEA), Israel, South Africa, Latin America, Brazil.
The report provides a cross-sectional analysis of by type segment with respect to the above mentioned regions.
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Global Military Radar Market: Competitive Landscape Analysis
The report also provides company market share analysis of the various industry participants. Procurement is the main strategy being widely followed by leading market players. In case of an acquisition, the acquirer takes advantage of existing alliance. As a result, both companies are expected to emerge more beneficial and stronger than before.
Key players in the global military radar market have been profiled and their company overview, financial overview, business strategies and recent developments have been covered in the report. Major market participants profiled in this report include: Lockheed Martin Corporation, The Boeing Company, Raytheon Company, BAE System PLC, Northrop Grumman Corporation, Harris Corporation, Saab Sensis Corporation, Terma A/S, ASELSAN A.S., DRS Technologies Inc.
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