RADAR Market is Expected to Reach $10.4 Billion, By Top Leading Companies Northrop Gruman Corporation, Lockheed Martin Corporation, SAAB AB, Rockwell Collins Inc., Thales Group, Kelvin Hughes, L-3 Communications Holdings, General Dynamics Corporation, Das

According to a new report published by Allied Market Research, titled, RADAR Market by Type: Global Opportunity Analysis and Industry Forecast, 2014-2022, projects that the RADAR market is expected to reach $10.4 billion by 2022, growing at a CAGR of 3.9% during the forecast period. In 2015, North America dominated with over 32% share of the overall market, and is anticipated to continue this trend during the forecast period.

RADAR detects the direction, presence, speed, and distance of moving objects such as aircraft, ships, and other objects in real time, by reading the reflected back pulses of radio waves. The accuracy of the measurement of target location in range and angle is also another major aspect which is fueling the demand for RADAR system.

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Based on type, ground-based RADAR captured the largest share in the market in 2015. This type of system is an X-band phased array RADAR system operated mechanically. It functions primarily as a fire control RADAR for ballistic missile defense. The RADAR is used for surveillance using sensors and designed to acquire, track, discriminate targets, and provide information about the enemy during war. Ground-based RADAR system stood over 30% share of the total RADAR system overall followed by other types.

The report segments the global RADAR market based on type and geography. Based on type, the market is classified into naval, airborne, ground-based and space-based. Geographically, the market is studied across North America (U.S., Canada, and Mexico), Europe (France, Germany, Italy, UK, and rest of Europe), Asia-Pacific (China, South Korea, Japan, India, and rest of Asia-Pacific), and LAMEA.

The key players profiled in the report include Northrop Gruman Corporation, Lockheed Martin Corporation, SAAB AB, Rockwell Collins Inc., Thales Group, Kelvin Hughes, L-3 Communications Holdings, General Dynamics Corporation, Dassault Group, SRC Inc., Honeywell International Inc., Leonardo-Finmeccanica-Corporation, Harris Corporation, and others.

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New types of RADAR systems with different characteristics have emerged recently, which have led to increase in demand for RADAR systems. The different types of RADAR systems are airborne ground surveillance RADAR that through use of the newest ultra-high-resolution RADAR technology can inspect wide areas and stationary targets while at the same time detecting and tracking moving targets at great distances and next generation RADAR technology by Lockheed Martin Corporation. Every new RADAR technology comes up with an innovative idea and unique features to attract customers.

Key Findings of the RADAR Market

• Airborne RADAR had the second largest share in the market in 2015, with over 29% of market share, and it is further expected to expand with a high growth rate in the coming years.
• Space-based RADAR is anticipated to exhibit the highest growth rate.
• North America dominated the market in 2015, supported by growth in the U.S. and Mexico.
• Asia-Pacific is anticipated to be one of the fastest growing region and the growth is supported by the increased demand in countries such as China, Japan, and India.

List of Figures

FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES IN THE RADAR MARKET (2013-2016)
FIG. 3 TOP WINNING STRATEGIES (%) (2013-2016)
FIG. 4 TOP INVESTMENT POCKETS
FIG. 5 PORTERS FIVE FORCE ANALYSIS OF RADAR MARKET
FIG. 6 MILITARY SPENDING ($ BILLION) COUNTRY-WISE
FIG. 7 GLOBAL INSTALLED WIND POWER CAPACITY (MW)- COUNTRY-WISE DISTRIBUTION
FIG. 8 RADAR MARKET BY TYPE, 2014 & 2022
FIG. 9 GROUND-BASED RADAR MARKET, GROWTH (%), 2015-2022
FIG. 10 NAVAL RADAR MARKET ($ MILLION), GROWTH (%), 2014-2022
FIG. 11 AIRBORNE RADAR MARKET ($ MILLION), GROWTH (%), 2014-2022
FIG. 12 SPACE-BASED RADAR MARKET ($ MILLION), GROWTH (%), 2014-2022
FIG. 13 RADAR MARKET BY GEOGRAPHY, 2014 & 2022
FIG. 14 NORTH AMERICA RADAR MARKET ($ MILLION), GROWTH (%), 2014-2022
FIG. 15 EUROPE RADAR MARKET ($ MILLION), GROWTH (%), 2014-2022
FIG. 16 ASIA-PACIFIC RADAR MARKET ($ MILLION), GROWTH (%), 2014-2022
FIG. 17 LAMEA RADAR MARKET ($ MILLION), GROWTH (%), 2014-2022
FIG. 18. NORTHROP GRUMAN CORPORATION: COMPANY SNAPSHOT
FIG. 19. LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
FIG. 20. SAAB AB: COMPANY SNAPSHOT
FIG. 21. ROCKWELL COLLINS INC.: COMPANY SNAPSHOT
FIG. 22. THALES GROUP: COMPANY SNAPSHOT
FIG. 23. KELVIN HUGHES: COMPANY SNAPSHOT
FIG. 24. L-3 COMMUNICATIONS HOLDINGS: COMPANY SNAPSHOT
FIG. 25. GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT
FIG. 26. DASSAULT GROUP: COMPANY SNAPSHOT
FIG. 27. SRC INC.: COMPANY SNAPSHOT

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