Nov 29, 2017   SOURCE: BusinessWire

Global Military Radars Market - Forecast to Reach $10.9 Billion by 2020 - Research and Markets

The "Global Military Radars Market - By Type, Geography and Vendors - Market Shares, Forecasts and Trends (2018-2023)" report has been added to Research and Markets' offering.

The global military radar market is estimated to be worth $9.4 billion in 2015 and is expected to increase to $10.98 billion by 2020 with increase represents a CAGR of 3.07% during the forecast period.

Past few years have led to dramatic changes in the landscape of worldwide radar capabilities with direct impacts on the security of the nations. As nations move forward with developments in range, electronic warfare and detection, there has been significant growth in radar systems, which are being widely used across different sections of the military forces such as army, navy and air force. Different categories of radar systems used by them are ground-based, naval, airborne, and space-based. Today North America accounts for largest military radar market followed by Asia-Pacific.

Territorial disputes, technological advancements, threats from neighboring nations, increasing demand for hi-tech weapons, increasing investment by government into defense and increasing security concerns are the major drivers of global military radar market.

Technological up gradation and development, meeting the demand for hi tech weapons, allotment of budget into different types of radar and future investments are the major challenges for the global military radar market.

Companies Mentioned

  • Thalesraytheonsystems
  • Lockheed Martin
  • Bae Systems
  • Elta Systems
  • Honeywell International
  • Northrop Grumman Corporation

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Key Findings Of The Study

4. Market Dynamics

5. Market Analysis & Forecast

6. Investment Analysis

For more information about this report visit https://www.researchandmarkets.com/research/ptft9b/global_military