“$12bn Military Radar System market poised for growth due to near-peer rivals’ expenditure” says new Visiongain report

25 February 2019
Defence

The $12bn Military Radar System Market is set to grow by 2.43% in the 2019-2029 period. This is in large part due to near rival fielding of more signature managed systems, as well as the Western pivot from asymmetrical threats to more conventional threats, including those fielding aerial forces and signature management capabilities. Proliferation of active protection systems will further drive this, as will new missile threats and sensor fusion integration. This report is key to those in the value chain when it comes to military radar systems as well as systems integrators.

An integrated radar system is a necessary component of any functioning military. This spans across three areas which also compose the submarkets of this report. The three areas include Airborne forces, Ground based forces and Naval forces. This report is intended to be an overview and insight survey of the market for military radar systems. This report offers national market data, as well as key analysis of the leading companies within the market. Contemporary security challenges in key regions will also drive spending in this area. Given the utility of radar systems in offering overviews of current operations, maintaining secure perimeters and airspaces, and in general offering intelligence to a combat environment, spending in this area will continue. With theatres of operations ranging from Syria, where multiple nations’ aircraft all operate, through to the South China Sea region, military radar systems will be utilised as the primary means of detection and surveillance of airborne assets. Military radar systems assume a central position in the assets employed by military organisations. As such, stable growth can be expected for this market. In turn, specific emerging economies undergoing military modernisation will also increase spending. With technical developments in the market also driving spending, the outlook for this market is highly positive.

The Visiongain report analyst commented "The Global Military Radar System Market is expected to reach US$ 12.23bn in 2019, up 2.09% from 2018. The market for Military Radar is expected to witness CAGR growth of 2.43% over the forecast the period 2019-2029, reaching US$ 15.55 Bn in 2029 as the number of applications including surveillance, target tracking, and shell tracking for radar across the operational spectrum (from tactical to strategic) is increasing. During the period 2019-2029, Military Radar demand will be growing at a steady rate owing to geopolitical rivalry and regional tension is increasing."

This Military Radar System Market report will save you time, increase your industry knowledge, enhance your presentations and inform your investment decisions. This report is vital for Military & Aerospace Electronics manufactures, system integrators, technology providers, software development companies, companies operating in electronics, Aerospace and defence sectors, technology providers, CEOs, asset managers, grid security vendors, heads of strategic development, marketing staff, market analysts, departments, analysts and consultants, managers, governmental departments & agencies.

Note to editors
For further information, please contact sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is a leading business intelligence provider publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy, telecoms and utilities sectors.

Visiongain is one of the fastest-growing and most innovative independent research companies in Europe. Based in London, UK Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

“Distributed Fibre Optics Sensing market set to grow to $30.7 bn by 2029” says new Visiongain report

Ongoing investment and market consolidation will be strong over the long term as large-scale, ongoing programmes coming to fruition drives investment in the market. Additionally, rising technological advancement in established markets will drive growth in different submarkets.

21 February 2020

Read

“Autonomous Weapons market to total USD 29 billion in 2030”, says new Visiongain report

Today, the industry is a prosperous business and is being driven forward by global arms programmes and procurement activity; high defence spending and significant improvements to the finances of several influential states; and expanded efforts to develop advanced autonomous systems for great-power conflicts.

17 February 2020

Read

“Private Military & Security Services market to total USD 457.3 billion in 2030”, says new Visiongain report

Generally speaking, private military and security providers, or PMSCs, take on and support roles that have been traditionally carried out by national armies and intelligence agencies. Such tasks can range from the provision of armed guards to the maintenance of weapons systems to the training of local forces and security personnel.

11 February 2020

Read

“The growth in production in battle helicopters will have a significant impact on the manufacturing of equipment “, says Visiongain

The Airborne Weapon Delivery Systems Market Report 2020-2030: Forecasts by Product type (Fixed-wing fighter aircraft, Rotary wing and UCAV), By Application (Military agencies, Missile suppliers, Others), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and analysis of leading companies operating in this industry. To order to facilitate the deployment of rockets, bombs and other weapons, …

23 January 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever