Military radar

Transparency Market Research

More than 40.0% of the Global Military Radar Market was held by the U.S. and China collectively.

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REPORT DESCRIPTION Radar systems are widely used across different sections of the military forces such as army, navy and air force.

Various types of military radar are: > Ground Based > Naval > Air Borne > Space Based Source: http://www.transparencymarketresearch.com/military-radar-market.html Technological advancements and the increasing demand for hi tech artillery, arms and devices are the major factors driving the market at present. The market is likely to see significant growth as the demand for advanced arms systems is expected to increase in the coming years.

According to TMR Research Report,titled-“Military Radar Market�, the global military radar market is exhibiting a 2.90% CAGR between 2013 and 2019. The market’s 2012 value of US$6.9 bn will rise to a value of US$8.4 bn by 2019, should this CAGR hold true.

According to the report, the primary driver for the global military radar market is the growing concern over national security. This concern, coupled with the desire of several emerging countries to become a global superpower has bolstered the growth rate of the global military radar market.Radar technologies are being adopted across all areas of defense forces and in all aspects of land, air, and naval warfare.

Other areas that utilize military radar technologies include government bodies that use them to ascertain the potential occurrence of natural calamities such as earthquakes. In the event of a natural calamity, military radar can help pinpoint the magnitude, location, and time of the event, thereby allowing nations to save as many lives as possible.Military radar has also been used in locating missing objects, such as in the search for the missing Malaysian Airlines Flight 370.

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Rising demand for radar-based systems in military branches such as the navy, air force, and army, and in spacebased programs carried out by defense forces has resulted in an elevated demand for military radar. In addition to this, growing economic and security concerns, rising government investment in defense, accelerating demand for target recognition demand and lightweight radars is fueling the growth of the global military radar market. However, the global military radar market will be suppressed by wind turbines, as they have become a major issue for this industry. Wind turbines can sometimes interfere with military and civilian radar and cause ‘clutter’. This can lead to conflicts related to airspace use for military purposes. To overcome these conflicts, proper planning, mitigation, and transparency is required.

The China military radar market is expected to show a 3.40% CAGR within the report’s forecast period. The global military radar market is reported to be a heavily competitive market, however, it is oligopolistic in nature and the five biggest companies in the market control 54.0% of it.

Key players in the global military radar market are: > DRS Technologies > ASELSAN Inc. > Terma A/S > Saab Sensis Corporation > Harris Corporation > BAE Systems > Raytheon > Northrop Grumman Corporation > Lockheed Martin Corporation Get free Sample Research Report at: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2411

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