The Global Military RADAR Market Is Driven by Demand for Growing Border Disputes

Global Military RADAR Market Report, published by Variant Market Research, forecast that the global market is expected to reach $10 Billion by 2024 from $8 Billion in 2016, growing at a CAGR of 2.6% from 2016 to 2024. By geography, Asia Pacific and North America are expected to grow at a CAGR of 3% and 2.5%, respectively, during the forecast period.

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Increasing technological advancements accompanied by growing cross border disputes and high demand for hi-tech weapons, increasing investments by government and rise in R&D activities are some of the aspect to drive the global military RADAR market. Though, economic recession leading to low budget allocation is expected to be a major hindrance for growth of the market. Besides, untouched markets in emerging economies and demand of real time data & high-resolution image mapping are expected to equally influence the overall growth of the market in the forecast period.

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The global military RADAR market has been categorized on the basis of type and geography. Type segment is then categorized into ground based, space based, airborne, and naval. Where ground based sub segment dominated the largest market share in the year 2016.

North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major geographical segments of global military RADAR market. North America and Asia-Pacific dominated the market with largest share. Asia Pacific is the fastest growing region with respect to CAGR in the global market, owing to conflicts between countries such as India & Pakistan and growing terrorist activities.

The key players of global military RADAR market include The Boeing Company, BAE Systems PLC., DRS Technologies Inc., Lockheed Martin Corporation, Harris Corporation, Saab Sensis Corporation, General Dynamics Corporation, Raytheon Company, Northrop Grumman Corporation, and Thales Group among others.

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The key takeaways from the report

  • The report will provide detailed analysis of Military RADAR Market with respect to major segments such as type and geography
  • The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
  • Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
  • An exhaustive regional analysis of Military RADAR market will be included in the report
  • Profile of the key players of the Military RADAR market, will be provided, which include key financials, product & services, new developments, and business strategies

Scope of Military RADAR Market

Type Segments

  • Ground Based
  • Airborne
  • Space Based
  • Naval

Geography Segments

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Russia
    • Others
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Others
  • RoW
    • South America
    • Middle East
    • Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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