LONDON, Aug. 28, 2020 /PRNewswire/ — The world market for military radar systems is currently undergoing a state of flux due mainly to extensive cuts in defence budgets in many markets that have had a major impact on procurement. While counteracting spending forces are undoubtedly present in emerging markets and in new technology, they have limited effect on the military radar systems market in general. In the course of the next ten years, there will be a pressing need for acquisition and modernized radar technology, including increased access to ballistic missile technology and increasing tensions in East Asia and the Middle East, although these demands will continue to be counterbalanced by economic reality. As a consequence, Visiongain’s analysis indicates that the military radar systems market is set to reach $xyz billion by 2030.
Factors such as the growth in the provision of radar systems due to growing territorial disputes between countries and the rise in military upgrades around the world drive the military radar market. Similarly, the increasing requirement to provide market growth opportunities for lightweight UAV radar and air and missile defence systems of the next generation. However, during the review period, high costs in the development and development of radar systems restrict the growth of the military radar market. The market growth is supported up until the forecast period through advanced defence technology such as electronic scanning radars, synthetic aperture radar, two-band radars, solid-state radars and plasma antenna amongst other features. The dual-band radar system is widely adopted by manufacturers on the market among these market trends. It was first installed in the United States.
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Rise in Military Expenditures of Major Economies
In 2019, the global military spending reached $xyz billion in 2019, up xyz% from 2018, China and India spend the $xyz and $xyz Billion amounts on military expenditures respectively, increasing the expenditure by xyz% and xyz% compared to 2018. This increasing military expenditure is driving the demand for new technologically advanced military equipment. The military radar systems manufacturing companies are continuously investing to capture the increasing market demand and to increase their market share. The military radar systems companies are also concentrating on continuously increasing their product development activities to achieve the competitive advantage over their competitors, for instance in 2020, Raytheon developed a radar antenna for its new lower tier air-and-missile defence sensor. The next generation radar consists of three fixed arrays for providing a 360-degree view for detecting and tracking. However, due to the presence of pandemic COVID-19 the defence spending of major economies will witness a substantial decrease in the year 2020 as the focus has been shifted more t owards providing healthcare infrastructure and facilities.
The military radar systems market report 2020-2030 evaluates the current amount of expenditure on military radar systems by the governments worldwide. The growth of the military radar systems market is characterized by the rising territorial conflicts and geopolitical instabilities in regions. This report analyses leading national markets in the military radar systems market covering key topics such as current geopolitical developments, ongoing military modernisation programs of military radar systems, and teaming agreements as well as partnerships in the field of military radar systems market. Comprehensive national market coverage is also reinforced by information on recent military radar system contracts and launches, as well as company profiles of 10 leading companies that are either well established in the market, or have the potential to increase their market share in the future, and other 12 significant companies that either fill important niche markets, have a sizeable growth potential during the forecast period, or are otherwise highly relevant to the market.
Why you should buy the Global Military Radar Systems Market 2020-2030
• Stay ahead with this comprehensive analysis of the global military radar systems market industry prospects
• The report comprises 715 pages
• Get ahead by studying highly quantitative content that delivers solid conclusions benefiting your research and analysis
• 300+ tables, charts, and graphs quantifying and forecasting the market
• View global market forecasts from 2020-2030 to keep your knowledge one step ahead of the competition
• The report provides an analytical overview with detailed sales projections and analysis of the global military radar systems market, the competitors, and the commercial drivers and restraints. It also provides an examination of national military radar systems strategies, commercial opportunities, and future disruptive technologies.
• Keep informed about the potential for each of the military radar systems submarkets with forecasts from 2020-2030
This report provides market insights for below mentioned market segments and sub segment.
Global Military Radar Systems Market Size Breakdown by Product Type
• Ground Penetrating Radar
• Weapon Locating Radar & C-RAM
• Moving Target Indicator Radar
• Tracking & Fire Control Radar
• Surveillance & Airborne Early Warning
• Weather Radar
• Other Type
Global Military Radar Systems Market Size Breakdown by Range
• Long Range
• Medium Range
• Short Range
Global Military Radar Systems Market Size Breakdown by Frequency Band
• VHF/UHF Band
• L Band
• S Band
• C Band
• X Band
• Ku/Ka/K Band
• Other Frequency Band
Global Military Radar Systems Market Size Breakdown by End-User
• Air Force
Global Military Radar Systems Market Size Breakdown by Application
• Airborne Mapping
• Air & Missile Defence
• Ground Surveillance
• Airspace Monitoring
• Ground Force Protection & Counter Battery
• Mine Detection & Underground Mapping
• Other Applications
Learn about the opportunities in 14 leading military radar systems countries with market forecasts between 2020-2030
• South Korea
Middle East & Africa
• Saudi Arabia
• South Africa
Understand the competitive landscape with profiles of 10 leading military radar systems companies examining their positioning, products, services, focus, strategies and outlook.
Discover the qualitative analysis informing the market forecasts
SWOT analysis of strengths, weaknesses, opportunities, and threats, revealing what drives and restrains the global military radar systems industry and the prospects for established companies and new market entrants.
What makes this report unique?
Our reports have a unique blend of primary and secondary sources providing informed analysis. This methodology allows insight into the key drivers and restraints behind market dynamics and competitive developments, as well as identifying the technological issues. The report therefore presents an ideal balance of qualitative analysis combined with extensive quantitative data including global, submarket and national military radar systems markets forecasts from 2020-2030 – all of which identify strategic business opportunities.
This report provides COVID-19 recovery analysis for global and country level military radar systems market for each segment and sub-segment
• V-Shaped Recovery Analysis
• W-Shaped Recovery Analysis
• U-Shaped Recovery Analysis
• L-Shaped Recovery Analysis
How the Military Radar System Market Report 2020-2030 report can benefit you?
Visiongain’s report is for anyone requiring analysis of the global military radar systems market. You will discover market forecasts, technological trends, predictions and expert opinion providing you with independent analysis derived from our extensive primary and secondary research. Only by purchasing this report will you receive this critical business intelligence revealing where revenue growth is likely and where the lucrative potential market prospects are.
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Companies covered in the report include:
BAE Systems PLC.
Blighter Surveillance Systems Ltd.
Elbit Systems Limited
Flir Systems Inc.
Israel Aerospace Industries
L3 Harris Technologies Inc.
Lockheed Martin Corporation
Other Companies Mentioned
ARCTEC Alaska JV
Ball Aerospace and Technologies Corp.
Blighter Surveillance Systems Ltd.
General Atomics Aeronautical Systems, Inc.
Mercury Systems Inc.
Northrop Grumman Corporation
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