Military Radar Systems Market 2018 Worldwide Overview By Leading Players - General Dynamics, IAI, Saab, Selex, ASELSAN, Boeing, Harris, Lockheed Martin, Northrop Grumman, Raytheon

Global Military Radar Systems Market by Platform (Ground Based, Naval, Airborne, and Space based), Band Type (X & Ku Band, L & S Band, and Others), and by Geography - Forecast To 2021

Market Synopsis of Global Military Radar Systems Market

The Global Military Radar Systems Market is expected to grow at a CAGR of around 5% during 2016-2021. The factors driving the market are growing demand of radar for airborne and maritime surveillance, to counter drug trafficking and illegal trespassing, and modification & upgradation of conventional radar systems.

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As per the MRFR analysis, factors restraining the market growth are defense budget cuts in several countries, high investment, feasibility issues, and technical and operational challenges.

The development of COTS components and Gallium Nitride (GaN) technology are the emerging trend in the market. Technological innovation is the key parameter where vendors are spending in technology to improving efficiency and reliability.

Key Players

Some of the key players in the Military Radar Systems are General Dynamics, Israel Aerospace Industries, Saab AB, Selex ES, Thales, ASELSAN, Boeing, Harris, Lockheed Martin, Northrop Grumman, Raytheon, and Terma.

Industry/ Innovation/ Related News:

February, 2018 – General Dynamics acquired CSRA Inc. to create a premier provider of integrated IT solutions to government market. The acquisition valued at approximately $9.7 billion.

December, 2017 – Defence and security company SAAB had received an order for support of algorithm development and evaluation for airborne AESA fighter radar. The radar development programme is led by the Korean Agency for Defence Development (ADD) and Saab worked in cooperation with ADD and its contractual partner LIG Nex1.

October, 2017 – Israel Aerospace Industries and Hankuk Carbon from Korea signed agreement for establishing a joint venture company in the Republic of Korea.

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Global Military Radar Systems Market – Segmentation

The global military radar systems market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Platform : Comprises Ground Based, Naval, Airborne and Space Based

Segmentation by Brand Type : Comprises X & Ku Band, L & S Band and Others

Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Global Military Radar Systems Market: Regional Analysis

North America market is dominating the market of military radar systems market due to several security and space programs have been initiated. The market in the developing countries is largely driven by economic growth and ongoing investment in military.

Asia-Pacific is referred to as the second-largest military radar systems market due to factors such as growing volume of defense activities in developing nations such as China, India, South Korea and Japan, have fuelled the demand for global military radar systems.

Scope Of Report

The market report for Global Military Radar Systems Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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