The new report recognizes the following companies as the key players in the Global AMDR Market: Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co., Rockwell Collins Inc., SAAB AB and Thales SA.
Other Prominent Vendors in the market are: Airbus Group, BAE Systems, Boeing, Cobham, Exelis, Finmeccanica, Honeywell International, Israel Aerospace Industries and Kelvin Hughes.
Commenting on the report, an analyst from The report's team said: “Increasing R&D activities are one of the major trends in the market. As a result, vendors are developing new radar systems and improving existing technology, which can help improve the efficiency of weapons in unfavorable situations.”
According to the report, one of the major drivers in the market is increasing warfare as the number of armed conflicts, cross-border tensions, and conflicts between countries is increasing. This has led to a rise in demand for AMDR systems.
Further, the report states that budget constraints are one of the major challenges in the market. The major markets for AMDR, such as the US, are reducing their military spending as a result of ongoing wars and depletion of reserves after the economic turmoil of 2008-2009.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Apr 9, 2015