Dec 1, 2022   SOURCE: BusinessWire

Air & Missile Defense Radar Market Research Report 2022 - Global Forecast to 2027 - Cumulative Impact of 2022 Russia Ukraine Conflict - ResearchAndMarkets.com

The "Air & Missile Defense Radar Market Research Report by Range, Application, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Air & Missile Defense Radar Market size was estimated at USD 10.09 billion in 2021, USD 10.91 billion in 2022, and is projected to grow at a CAGR of 8.34% to reach USD 16.31 billion by 2027.

In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Cumulative Impact of 2022 Russia Ukraine Conflict:

The publisher continuously monitors and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics.

The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia. This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Air & Missile Defense Radar market considering the current update on the conflict and its global response.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects.

It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others.

Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Air & Missile Defense Radar Market, including

  • Airbus Group
  • Almaz-Antey
  • BAE Systems
  • Finmeccanica SPA
  • General Dynamics
  • Israel Aerospace Industries Ltd.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Company
  • Reutech Radar Systems
  • SAAB Group
  • Thales Group

Market Dynamics

Drivers

  • Rising missile threats globally
  • Technological evolution demands replacement of legacy system in defense sector
  • Imminent need for larger radar footprints across the world

Restraints

  • Loss of communication and information due to cyber attacks

Opportunities

  • Increasing deployment of air & missile defense system and ballistic missiles
  • Technological advancements in surveillance sector with multifunctional radars

Challenges

  • Limited real-time deployment in war areas

For more information about this report visit https://www.researchandmarkets.com/r/6gzrh8