The "Military Radar Market Outlook & Projections, 2019-2027" report has been added to ResearchAndMarkets.com's offering.
The market for military radar systems is projected to grow at a CAGR of 4.30% over the forecast period, 2020-2027.
A military radar system is an electronic device used to detect vehicles, aircrafts and missiles through radio waves. The system works by transmitting radio waves or micro waves and receiving the reflected waves through a transmitting antenna for determining the angle, velocity and direction of objects. In 2020, the market is anticipated to reach a value of USD 14,311.35 million. This can be mainly attributed to the rising applications of military radar systems and growing military expenditure.
Military radar systems market is segmented by platform, by range, by application, by band and by region. On the basis of application, the market is segmented into air-borne surveillance, air & missile defense, weapon guidance systems, ground surveillance & intruder detection and others. The ground surveillance & intruder detection segment held the largest share in 2018 with a market value of USD 4,204.16 million out of total market value of USD 13,611.20 million in the same year. This segment is observing high growth as it provides improved graphical situational awareness for operators and enhances the user satisfaction and perimeter surveillance.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America is predicted to hold the largest share with a market value of USD 6,639.33 million by the end of 2027 as a result of growing technological advancements in radar systems in the region. The market in Asia Pacific, on the other hand, is anticipated to grow at the highest CAGR of 5.17% during the forecast period on account of rising demand for military radar systems, mainly in emerging economies such as China and India.
Key Topics Covered:
Global Military Radar Systems Market
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
1.3. Product Overview
2. Assumptions And Abbreviations
3. Research Methodology
3.1. Research Objective
3.2. Secondary Research
3.3. Primary Research
4. Executive Summary - Global Military Radar Systems Market
5. Regulatory Landscape
6. Analysis Of Market Dynamics
6.1. Growth Drivers
6.2. Key Trends
7. Key Market Opportunities
8. Major Roadblocks For The Market Growth
9. Industry Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Military Radar Systems Market Outlook
10.1. Market Size And Forecast, 2018-2027
10.1.1. By Value (Usd Million)
10.2. Global Military Radar Systems Market Segmentation, 2018-2027
10.2.1. By Platform
10.2.2. By Range
10.2.3. By Application
10.2.4. By Band Type
10.2.5. By Region
10.2.5.1. North America Military Radar Systems Market, 2018-2027F (Usd Million)
10.2.5.1.1. Market Overview
10.2.5.1.2. Market Size, 2018-2027F (Usd Million)
10.2.5.1.3. Assessment Of Macroeconomic Factors
10.2.5.1.4. Country-Wise Military Spending By The Governments (Defense Authorities)
10.2.5.1.5. Market Segmentation
10.2.5.2. Europe Military Radar Systems Market, 2018-2027F (Usd Million)
10.2.5.2.1. Market Overview
10.2.5.2.2. Market Size, 2018-2027F (Usd Million)
10.2.5.2.3. Assessment Of Macroeconomic Factors
10.2.5.2.4. Country-Wise Military Spending By The Governments (Defense Authorities)
10.2.5.2.5. Market Segmentation
10.2.5.3. Asia Pacific Military Radar Systems Market, 2018-2027F (Usd Million)
10.2.5.3.1. Market Overview
10.2.5.3.2. Market Size, 2018-2027F (Usd Million)
10.2.5.3.3. Assessment Of Macroeconomic Factors
10.2.5.3.4. Country-Wise Military Spending By The Governments (Defense Authorities)
10.2.5.3.5. Market Segmentation
10.2.5.4. Latin America Military Radar Systems Market, 2018-2027F (Usd Million)
10.2.5.4.1. Market Overview
10.2.5.4.2. Market Size, 2018-2027F (Usd Million)
10.2.5.4.3. Assessment Of Macroeconomic Factors
10.2.5.4.4. Country-Wise Military Spending By The Governments (Defense Authorities)
10.2.5.4.5. Market Segmentation
10.2.5.5. Middle East & Africa Military Radar Systems Market, 2018-2027F (Usd Million
10.2.5.5.1. Market Overview
10.2.5.5.2. Market Size, 2018-2027F (Usd Million)
10.2.5.5.3. Assessment Of Macroeconomic Factors
10.2.5.5.4. Country-Wise Military Spending By The Governments (Defense Authorities)
10.2.5.5.5. Market Segmentation
11. Competitive Landscape
11.1. Detailed Overview
11.2. Assessment Of Key Offerings
11.3. Analysis Of Growth Strategies
11.4. Exhaustive Analysis On Key Financial Indicators
11.5. Company Profiles
11.5.1. Lockheed Martin Corporation
11.5.2. Northrop Grumman Corporation
11.5.3. Thales Group
11.5.4. Leonardo S.P.A.
11.5.5. Saab Ab
11.5.6. Elbit Systems Ltd.
11.5.7. Bae Systems
11.5.8. L3Harris Technologies, Inc.
11.5.9. Raytheon Company
11.5.10. Iai
11.5.11. Aselsan
11.6 Other Prominent Players
11.5.12. Hensoldt
11.5.13. Terma
11.5.14. Bharat Electronics Limited
11.5.15. Indra
12. Strategic Recommendations
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