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Missile Guidance Radar Market Opportunities, Key Growth Factors, Ongoing Trends, Market Perspective and Forecast till 2026 | Key Players of the Market- Lockheed Martin Corporation, Bharat Electronics Limited, Northrop Grumman Corporation., Raytheon Compan

08-09-2018 03:54 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Fact.MR

Fact.MR

The missile guidance radar market is marked by governments around the world seeking to strengthen their existing national security systems, increased pilot demonstrations of missile systems, and innovation and implementation of new technologies in missile guidance radars. A significant number of missile demonstrations has been observed in the recent past. For instance, the Norwegian defence ministry has demonstrated an anti-ship missile system marking the completion of the missile’s development and testing phase. Another successful flight test of the Evolved Seasparrow Missile (ESSM) Block 2 was reported by the NATO Seasparrow project. India has plans to test its Brahmos missiles that rely on active or pass missile guidance radar for its terminal guidance.

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Further, nations across the globe are expanding their missile production capacities, in turn, bolstering the growth of the missile guidance radar market. France’s Armed Forces minister and Iranian Defense minister have conveyed their plans to launch production lines of Mica air-to-air missile and long-range air-to-air missile, respectively.

Growing innovations and their implementation in the missile guidance radar market are expected to significantly influence future market progress. Recently, the United States Navy has upgraded the ESSM with the improved missile guidance radar system which significantly reduces vulnerability and generates a ‘fire and forgot’ capability for aircraft and ships.

Missile Guidance Radar: Introduction

Missile guidance radar system uses the principle of air-search radars to target the intercept regardless of whether the target makes an evasion action. The guidance function on a missile uses the information received from the target to locate it and move in the guided direction. The missiles have six degrees of freedom making it easier for them to change directions. A missile guidance radar uses radar signals transmitted from the launch aircraft or station and locks the target by tracking the energy reflected by it. Missile Guidance systems have two control modules namely, altitude control system and flight path control.

 The altitude control system assists the missile to maintain its altitude on the guided flight path by controlling the pitch, yaw and roll of the missile.  The fight path control system ensures that the missile moves in the direction of target. A typical guidance subsystem consists of a receiver, stabilization unit, computer, servo motors. The receiver receives the guidance signal from the target and directs it to the computer where the stabilization unit bifurcates the signal into desired inputs. Next, the signals are infused into the servo motors which make corrective adjustments to the missile control surfaces.

Missile Guidance Radar: Dynamics

The missile guidance radars are used by all the defense systems across the globe. Developed nations are seeking for better range capabilities so as to upgrade their existing defense systems thus, increasing the demand for missile guidance radar systems. Not only this, the missile guidance radar are in use with NASA and other space agencies where such systems are required to investigate matters in space. The increasing number of researches related to expectation of life on other planets has fueled the demand for missile guidance radars.

The market for missile guidance radar turns out to be opportunistic as the technology associated with it is being updated continuously. The new trend followed in the market is competing in terms of technology and enhanced target ranges of radar systems. This shows promising market for the technology and is anticipated to grow significantly. The market is only confined to defense and aerospace applications due to restrictions on the general public. Yet another restraint for the market is that it is concentrated mainly in select few countries thus limiting its growth to other geographical regions.

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Missile Guidance Radar: Key Players

Examples of some of the market participants identified across the value chain of the Missile Guidance Radar are:

Lockheed Martin Corporation
Bharat Electronics Limited
Northrop Grumman Corporation.
Raytheon Company
Saab A
Thales Group
BAE Systems
Israel Aerospace Industries Ltd.
Finmeccanica S. p. A.
Airbus Group
The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Historical Actual Market Size, 2013 - 2017
Market Size & Forecast 2018 to 2026
Supply & Demand Value Chain
Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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