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Military Man-Portable Radar Systems Market to have exponential 10% CAGR during forecast period 2018-2023

11-01-2018 10:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Military Man-Portable Radar System

Military Man-Portable Radar System

Military Man-Portable Radar System Market by Component (Antenna, Transmitter, Receiver, Others), Range (50Km), Frequency Band (Ku, Ka, Others), Application (Search & Detection, Target Acquisition, Air Defence, Others), & Region–Forecast till 2023

The key players in the global military man-portable radar system market are Thales Group (France), Leonardo S.p.A (Italy), Saab AB (Sweden), Telefunken Racoms (Germany), FLIR Systems Inc. (U.S.), Elbit Systems Ltd (Israel), ASELSAN A.S. (Turkey), BAE Systems (U.K), Harris Corporation (U.S.), Blighter Surveillance Systems Ltd (U.K), and SpotterRF (U.S.).

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Market Scenario

Man-portable radar is a lightweight surveillance radar system that does not require vehicle support to transport or operate. It was developed to introduce radar to remote areas where vehicle support is not feasible. It provides 360-degree intuitive situational awareness and detection of moving targets. Technology advancement in military applications would require highly accurate radar system. Significant investments have been made on the development of man-portable radar system, which would lead to rapid growth of the market during the forecast period. However, major restraint of the military man-portable radar system is the high capital investment required in the development and manufacturing of military man-portable radar system.

The increasing need for lightweight UAV radars will offer new growth opportunities to the market players. The factors responsible for market growth are focus on enhancing situational awareness, changing nature of warfare technologies, and developments in solid-state electronics. Several contracts have been signed to bolster the growth of the market. In 2015, Saab AB signed a contract with the UAE government to provide ground surveillance radar system. In 2002, Thales Group signed a contract with the Dutch Ministry of Defense to deliver 62 SQUIRE radar systems.

Moreover, the increased demand for ground surveillance radars for border monitoring has bolstered the growth of the market. For instance, in 2018, Blighter Surveillance Systems Ltd signed a contract with Tata Power Company to deploy Blighter B400 series radars as a part of the Indian Government’s Comprehensive Integrated Border Management System (CIBMS). The same year, FLIR Systems Inc. launched radar and thermal products for border patrol and the dismounted warfighter. It is lightweight monocular and has advanced portable surveillance capabilities.

The global military man-portable radar system market has been segmented by component, range, frequency band, and region. Antenna is the most widely used component and thus, the segment has the largest market share. On the basis of range, the less than 50 Km segment is estimated to witness the largest demand during the forecast period, owing to the high demand for radar systems for air surveillance, air mapping, and weapon control systems. On the basis of frequency, the Ku-band segment is expected to witness the largest demand during the forecast period, owing to the increasing usage in military and commercial applications.

On the basis of region, the market is segmented into North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America. North America is expected to dominate the market in the coming years, due to the high demand for unmanned aerial vehicles in air surveillance for homeland security. Asia-Pacific follows North America in the global military man-portable radar system market and is estimated to trail North America during the forecast period due to the rise in cross-border disputes. The global military man-portable radar system market is estimated to witness a CAGR of 10%, from 2018 to 2023.

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Scope of Report

The report for Global Military Man-Portable Radar System Market of Market Research Future comprises extensive primary research, along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders; it helps the reader gain a deeper insight into the market and industry performance. The report gives a clear picture of the current market scenario, including historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also contains a broad study of the different market segments and regions.

Table Of Contents

1 Executive Summary

2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continued............

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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