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Thursday, Nov 23, 2017


Global Military Radar Market to Cumulatively Value $162.1 Bn Over 2017-2027

According to this new defense Intelligence report: The global military radar market, valued at US$14 billion in 2017, is expected to grow at a CAGR of 2.46% over the forecast period, to reach US$17.8 billion by 2027, and will cumulatively value US$162.1 billion.

The market consists of five categories: airborne radar, ground-based radar, naval radar, space-based radar and sonar systems, with ground-based radar systems generating the highest share of 35.6%. This will be followed by airborne, naval and sonar systems with shares of 30.2%, 13.8%, and 11.1%, respectively. The remaining 9.3% will be accounted for by space-based radar systems. North America is forecast to dominate the sector with a share of 38.3%, followed by Asia-Pacific and Europe, which will account for 28.3% and 19.6%, respectively. The Middle-East, Latin America, and Africa are expected to account for 10.4%, 1.9%, and 1.3%, respectively.  

Related Research on ASDReports.com:
The Global Military Radar Market 2017-2027

Drivers

  • Demand from unmanned platforms for radars to drive spending over the forecast period.
  • The advanced Active Electronically Scanned Array (AESA) technology is poised to boost demand.
  • Threat of missile attacks by belligerent nations and terrorist groups leads to the improvement of ground-based radar for missile & air defense.

Trends

  • Increased use of multi-function radars.
  • Demand for digitally programmable radars on the rise.
  • Growing demand for passive radars providing anti-stealth defense options.
  • Significant performance improvements attract investments into AESA based platforms.

Challenges

  • Naval ships pose a challenge to radar development in terms of space constraints.
  • Radar functionality is affected by wind turbines.
  • Radio Frequency (RF) interference with communication systems in proximity hinder performance.

Read more on ASDReports or Download Report Information

Source : ASDReports - Market Research - view original press release

Published on ASDNews: Oct 11, 2017

 

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