Noida Chronicle

Military Radars Market worth $17.4 billion by 2025 | CAGR of 4.4%

 Breaking News
  • No posts were found

Military Radars Market worth $17.4 billion by 2025 | CAGR of 4.4%

August 17
15:06 2020
Military Radars Market worth $17.4 billion by 2025 | CAGR of 4.4%

Military Radars Market categrizes the Global market
Military Radars Market categrizes the Global market by Component (Antenna, Transmitter, Receiver, Duplexer, Display, Digital Signal Processor), Platform (Land, Naval, Airborne, Space), Region. COVID-19 Impact on Military Radars Industry.

According to the new market research report Military Radars Market by Component (Transmitter, Digital Signal Processor), Platform (Land, Naval, Airborne, Space), Technology (SDR, Quantum, Conventional), Waveform (FMCW, Doppler), Application, Type, Frequency Band, & Region – Global Forecast to 2025″, The military radars market is projected to grow from USD 14.0 billion in 2020 to USD 17.4 billion by 2025, at a CAGR of 4.4% during the forecast period. Increasing threats from high-speed missiles and aircraft have led to an increase in demand for surveillance and fire control radars. Rise in the defense spending of emerging economies, growing regional tensions, and an increasing number of inter-country conflicts are major factors driving the military radars market. The increasing deployment of ballistic and stealth missiles in active war zones has also led to a significant increase in the demand for military radars across the globe. Other applications of military radars include airborne fire control, surveillance activities, ground mapping, and coastal surveillance. The use of military radars in all these applications is fueling the growth of the military radars market, globally.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51422570

Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Israel Aerospace Industries (Israel), Thales Group (France), and Leonardo S.P.A. (Italy) are some of the leading players operating in the military radars market. 

Browse 385 market data Tables and 55 Figures spread through 370 Pages and in-depth TOC on “Military Radars Market – Global Forecast to 2025”

Military Radars Market

Based on the application, the air & missile defense segment is expected to lead the military radars market share during the forecast period.

Ongoing modernization programs in airspace monitoring in Asia Pacific region, activities such as sea-based military operations, drug trafficking, illegal migrations, demand for early warning threat detection systems, continuous demand for mine detection systems and equipment by US military to tackle conflicts in the Middle East and Asia Pacific will drive the market for air & missile defense radars, globally.

Under Platform segment, Naval subsegment is estimated to be the largest and fastest-growing market

The naval platform is estimated to be the largest and fastest-growing segment in the military radars market. The growth of this segment can be attributed to Increased efficiency and higher accuracy of ship-based naval radar systems drive this segment. The demand for effective weapon guidance systems for naval ships is boosting the growth of ship-based naval radars. Increasing investments by the Asian countries for the development of ship-based radar systems is further propelling the industry growth. More than half of the global shipbuilding activities are conducted in countries such as China, Japan, and South Korea will drive the market for naval radars.

Based on the product type, the surveillance and early airborne warning radar segment is expected to lead the military radars market share during the forecast period.

The surveillance and early airborne warning radar segment is estimated to have the largest market share by value. Ongoing military modernization, replacement of obsolete radars, and introduction of digital signal processing and solid-state modules are additional factors expected to drive the surveillance and early airborne warning radars market during the forecast period. The demand for technologically advanced early airborne warning radar systems is increasing as various major manufacturers from developed countries are developing carefully-shaped fighters which leads to a significant reduction in its detection range.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/military-radar-market-51422570.html