Saturday, 21 April 2012

The Global Military Radar Market 2012–2022

London, April 21, 2012 - The military radar market consists of four categories of radars; Ground-based, Airborne, Naval and Space-based radars. The value of this market is expected to increase at a CAGR of 2.57% until 2022.
The global economic slowdown has reduced the defense budgets of most leading spenders in the world, including the US, France, Germany and the UK. These countries have cut back on spending on various defense sectors such as space, aircraft and vehicles, but at the same time have diverted funds towards sectors where rapid technology development and deployment is possible such as radars, Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) and cyber-warfare. High growth markets such as the BRIC nations have been formulating continuous programs to procure the latest radar technology and establish total geographical surveillance over the review period and with continuous evolution and technological developments taking place in the military radar domain, this trend is expected to continue throughout the forecast period.

The demand for military radars is anticipated to be driven by internal as well as external security threats, territorial disputes and modernization initiatives undertaken by armed forces across the world. Cumulatively, the global market for military radars is expected to value US$81.8 billion during the forecast period. The global military radar market is expected to be dominated by the US during this period, followed closely by Europe and Asia-Pacific. Despite the economic crisis in Europe, Europe’s share of the global market is projected to increase due to the development of advanced missiles, and air and ground defense systems, for which radars are a key component, in addition to the modernization of naval war fighters such as destroyers and frigates.

The global defense industry is investing significantly in research and development (R&D) to increase the capabilities of modern military aircraft and naval vessels, which has led to the development of new and ground-breaking radar system technologies, which can enhance the detection capabilities, surveillance duration and resolution, incoming projectile defense capabilities, base and area protection capabilities and early warning system capabilities of the various types of military aircraft, naval vessels and ground-based forward forces.
In terms of categories, the airborne radar is expected to account for the highest proportion of spending in the global military radar market, followed by ground-based radar and naval radars. The demand for airborne radars is anticipated to be higher than other categories because of the increase in the number of aircraft modernization programs being developed by various countries around the globe.
To purchase the full report, please click here.
About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

For more information, please visit our website at

For more information on the article, please contact:

Press Contact:
Shelly Wills
Tel: +44 (0) 20 7936 6671

No comments:

Post a Comment