Press release
Global Aerospace & Defense Radar Market to Reach US$ 13,389 million in 2022
This report, from Stratview Research, studies the global radar market in the aerospace & defense industry over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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The Global Aerospace & Defense Radar Market: Highlights
The global aerospace & defense radar market was valued at US$ 10,746 million in 2016 and is projected to grow at a healthy CAGR of 3.7% over the next five years to reach US$ 13,389 million in 2022. An upgrade of legacy radar systems, increasing the military expenditure of the developing economies such as India, the rise in the global commercial and regional aircraft deliveries, and increasing demand for Unmanned Aerial Systems (UAV) are the driving factors for the growth of radar market during the forecast period.
Aerospace & Defense Radar Market
The global aerospace & defense radar market is segmented based on platform type as ground-based, airborne, naval, and others. The ground-based segment is currently leading the market with the highest share in 2016. An increase in the defense budget of the developing economies, the insurgence of critical border security, and rise in the procurement of advanced technology-based radar systems for air traffic control are the major growth drivers for ground-based radar market. The airborne platform is likely to witness the highest growth over the next five years, owing to the rise in global aircraft fleet and increasing demand for enhanced air-traffic-controlling equipment.
Based on the application type, the military is projected to remain the largest application of radar market in the aerospace & defense industry during the forecast period of 2017 to 2022. This is mainly because of the large procurement of radar systems by defense departments of major countries to meet the growing need for means of early identification of targets. TPQ-53, APG-63/F-15, and JSTARS are a few major defense programs released in 2016. The civil application is expected to witness the highest growth during the same period, driven by increasing procurement of radar systems by commercial aviation and increased use of UAVs for navigation and surveillance by major countries across the globe.
Based on the technology type, the pulsed radar owns the highest market share in 2016 and is expected to grow at the highest rate during the forecast period of 2017 to 2022. The key advantages of pulsed radars over CW radars are an indication of the range of the target and higher efficiency in the presence of a number of the target. This will keep propelling the growth of this technology during the forecast period.
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Based on the component type, global aerospace & defense radar market is segmented as antenna, receiver, and transmitter. The antenna is likely to remain the largest component type during the forecast period. It is also expected to witness the highest growth during the same period. The factors supporting the high growth of antennas components is enhanced functionality of the latest lightweight conformal antennas. Transmitter component is likely to witness the second highest growth during the same period.
Based on the band type, the X-band is projected to remain the largest and fastest-growing band type in the global A&D radar market during the forecast period. X-band has a wide array of applications, such as long-range ground surveillance, airborne weather radar, weather observation, marine radar, and police radar. Pertaining to its large applications, X-band radar market is expected to have a higher procurement rate in the coming years, resulting in higher growth rate during the forecast period.
North America is expected to remain the largest market for A&D radar market over the next five years. This is because of its market leader position in the procurement of defense equipment and having a large number of manufacturers in this region. APAC is likely to witness the highest growth rate during the same period (2017-2022), owing to rise in the procurement of radar systems led by appraisals in the defense budget of Asian countries.
The supply chain of this market comprises of component suppliers, radar manufacturers, and end users. The component suppliers include companies, such as Arrow Electronics, Dy 4 Systems, Cablex Pty. Ltd., and Wesco Manufacturing. These components suppliers provide the components of radar systems to radar manufacturers. The key radar manufacturers are Lockheed Martin, The Raytheon Company, Northrop Grumman Corporation, Leonardo S.p.A., Israel Aerospace Industries, SAAB Group, BAE Systems Plc., and Thales Group. The end-users of the radar market include the defense departments, aviation departments, marine departments, NASA, and other space stations.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
The global aerospace & defense radar market is segmented into the following categories.
Global Aerospace & Defense Radar Market by Platform Type
• Ground-based (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
• Airborne (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
• Naval (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
Global Aerospace & Defense Radar Market by Application Type:
• Civil (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
• Military (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
Global Aerospace & Defense Radar Market by Technology Type:
• CW Radar (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
• Pulsed Radar (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
Global Aerospace & Defense Radar Market by Component Type:
• Antenna (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
• Receiver (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
• Transmitter (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
Global Aerospace & Defense Radar Market by Band Type:
• X-Band (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
• S-Band (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
• C-Band (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
• L-Band (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
• K/Ka/Ku Band (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
• V/UHF Band (Regional Analysis: NA, Europe, Asia-Pacific, and RoW)
Global Aerospace & Defense Radar Market by Region
• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Middle East, Latin America, and Others)
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Category: Aerospace & Defense
https://www.stratviewresearch.com/269/Global-Aerospace-and-Defense-Radar-Market.html
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life
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