Military Radar Market Expected to Grow with a CAGR of 4.30% During the Forecast Period, 2020-2027 - ResearchAndMarkets.com

DUBLIN--()--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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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900