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Military Radar Market By Type (Ground-Based, Naval-Based, Airborne, Space-Based) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2025

Radio detection and ranging (RADAR) is a detection and surveillance system that uses radio frequencies to detect any object. Radar has the capacity to find any stationary or moving object and determine its shape, distance, angle, velocity, and other static and dynamic properties. Radars are primarily developed for military applications and are extensively used for surveillance and detection. The modern military radar system has the capability of surveillance while based on the ground, on ships and aircraft carriers, aircraft, and also on space stations. The profound proliferation of advanced electronics has amplified the capacity of radar systems, expanding their application area. In addition, advanced electronics have made the military radar system more compact and easy to maneuver. Consequently, the aforementioned merits have boosted the demand for the modern military radar system in the past few years.

Many countries across the globe are facing crucial security issues such as territorial conflicts, terrorist activities, and illegal infiltration. Various national governments are heavily investing in order to strengthen their war capabilities and surveillance systems. Consequently, the advanced military radar system is heavily procured by governments for better surveillance and detection of their borders and inaccessible regions. Apart from ground surveillance, military radar systems are also capable of inspecting water bodies and airspace. In addition, the military radar system is used for military activities such as warning against hidden explosives and mines, ground mapping, and detection of stealth aircraft, incoming projectiles, and vehicles.

The report titled "Military Radar Market: Growth, Future Prospects, and Competitive Landscape, 2017–2025" offers strategic insights into the global military equipment market with a focus on the market's size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of market segments based on types and a cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2016–2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

The report also includes competitive profiling of the leading military radar manufacturers, their strategies, market positioning, and key developments to assist strategic decision-makers. Some of the major players profiled in the report include Lockheed Martin Corporation, BAE Systems, General Dynamics Corporation, Airbus Group, Raytheon Company, Thales Group, Northrop Grumman Corporation, Saab Group, Israel Aerospace Industries (IAI), and Finmeccanica SPA.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the military radars.
  • Market fuels, market impediments, and their impact on market growth
  • Insights into market inclination, including radar evolution and key trend analysis, for the military radar market
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global military radar market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global military radar market is segmented, based on its types, into the following categories:

  • Ground-based
  • Naval-based
  • Airborne
  • Space-based

As of 2016, the ground-based military radar system dominated the overall military radar market worldwide. Ground-based radar helps detect hidden explosives, mines, underground infrastructure, bunkers, tunnels, and several other objects, making it highly useful for land defense. These radar systems make a big impact during live war situations and can be used to prevent heavy losses. Thus, the defense system depends heavily on ground-based military radars. Consequently, the demand for ground-based military radar is expected to remain high during the forecast period.

Airborne military radar is projected to emerge as the fastest-growing radar system in the overall military radar market. Generally mounted on aircraft, these radar systems are capable of detecting unauthorized air infiltration by any manned or unmanned aircraft, missiles, and projectiles. Airborne radar systems make a big impact on modern air warfare. Therefore, the segment is expected to grow at a considerable rate in the following years.

The global military radar market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • Middle East and Africa (MEA)
  • Latin America

As of 2016, North America dominated the overall military radar market in terms of revenue. The market here is principally driven by the U.S., which contributes to more than 90% of the regional market's revenue. The U.S. accounts for the highest spending on defense systems (including military radar). Radar systems have been in high demand for several years due to border issues along the Mexican border. In addition, the presence of a large number of major companies is another major factor supporting market growth here. Subsequently, North America will continue to dominate the overall military radar market throughout the forecast period.

Asia Pacific trails North America in the overall military radar market in terms of revenue. Asia-Pacific countries such as China, India, Japan, and South Korea are striving extensively to expand their war capabilities. The aforementioned countries contribute the majority of the market revenue in Asia Pacific. Due to rising border tensions and the associated expenditure on defense systems, Asia Pacific is projected to emerge as the fastest-growing market in the following years.

Frequently Asked Questions:

The market for Military Radar Market is expected to reach US$ XX Bn By 2025.

The Military Radar Market is expected to see significant CAGR growth over the coming years, at 3.2%.

The report is forecasted from 2015-2025.

The base year of this report is 2014.

Lockheed Martin Corporation, BAE Systems, General Dynamics Corporation, Airbus Group, Raytheon Company, Thales Group, Northrop Grumman Corporation, Saab Group, Israel Aerospace Industries (IAI) are some of the major players in the global market.

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Godaddy
Published Date:  Jun 2017
Category:  Aerospace & defense
Report ID:   58501
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
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