Your Catalyst to a Lucrative Business
Military Radar Systems Market Size, Share, Growth, Industry Analysis, Trends and Forecast to 2024 | Hexa Research
“The global military radar systems market size was estimated at USD 11.45 billion in 2016 and is anticipated to witness growth �
The global Military Radar Systems Market to reach USD 14.46 billion by 2024, driven by the rising need for improving safety and security on the borders and rising conflicts among neighboring nations. North America was the largest regional market commanding the highest revenue share in 2016 and is expected to maintain its dominance over the forecast period. The region is home to many active vendors such as Raytheon Company and Northrop Grumman Corporation in the defense market at large. Rise in investment activities, especially in developing coun tries such as China and India to strengthen their armies is expected to boost the military radars systems market over the forecast period. The ground-based radar platform dominated the market owing to its uses and applications in surveillance and weapon guidance. The segment is expected to continue to dominate the market over the forecast period as well. Airborne radars are widely used for guiding missiles and for tracing accurate and precise targets. Naval radars are expected to follow a similar growth trajectory with an expected increase in demand over the forecast period. Browse Details of Report @ https://www.hexaresearch.com/research-report/military-radar-systemsmarket
Follow Us: